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enCore Energy Corp. – ‘40-F’ for 12/31/23 – ‘XML’

On:  Thursday, 3/28/24, at 3:38pm ET   ·   For:  12/31/23   ·   Accession #:  1213900-24-27149   ·   File #:  1-41489

Previous ‘40-F’:  ‘40-F/A’ on 6/7/23 for 12/31/22   ·   Latest ‘40-F’:  This Filing

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/28/24  enCore Energy Corp.               40-F       12/31/23  114:11M                                    EdgarAgents LLC/FA

Annual Report by a Canadian Issuer   —   Form 40-F   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 40-F        Annual Report by a Canadian Issuer                  HTML     88K 
 2: EX-97       Incentive Compensation Recovery Policy              HTML     48K 
 3: EX-99.1     Annual Information Form for the Year Ended          HTML    774K 
                December 31, 2023                                                
12: EX-99.10    Consent of Carl Warren, P.E., P.G                   HTML     30K 
13: EX-99.11    Consent of Douglas L. Beahm, P.E, P.G               HTML     31K 
14: EX-99.12    Consent of Steve Cutler, P.G                        HTML     31K 
15: EX-99.13    Consent of Ray Moores, P.E                          HTML     30K 
16: EX-99.14    Consent of Matthew Yovich                           HTML     30K 
17: EX-99.15    Consent of John Seeley, Ph.D., P.G., C.P.G          HTML     30K 
 4: EX-99.2     Management's Discussion and Analysis for the Year   HTML    480K 
                Ended December 31, 2023                                          
 5: EX-99.3     Consolidated Financial Statements for the Year      HTML   1.09M 
                Ended December 31, 2023                                          
 6: EX-99.4     Miscellaneous Exhibit                               HTML     35K 
 7: EX-99.5     Miscellaneous Exhibit                               HTML     34K 
 8: EX-99.6     Miscellaneous Exhibit                               HTML     30K 
 9: EX-99.7     Miscellaneous Exhibit                               HTML     30K 
10: EX-99.8     Consent of Davidson & Company LLP                   HTML     30K 
11: EX-99.9     Consent of W. Paul Goranson, P.E                    HTML     30K 
23: R1          Document And Entity Information                     HTML     97K 
24: R2          Consolidated Statements of Financial Position       HTML    114K 
25: R3          Consolidated Statements of Loss and Comprehensive   HTML     96K 
                Loss                                                             
26: R4          Consolidated Statements of Cash Flows               HTML    134K 
27: R5          Consolidated Statements of Changes in               HTML     91K 
                Shareholders? Equity                                             
28: R6          Nature of Operations and Going Concern              HTML     35K 
29: R7          Material Accounting Policy Information              HTML     98K 
30: R8          Uranium Contracts                                   HTML     43K 
31: R9          Marketable Securities                               HTML     46K 
32: R10         Intangible Assets                                   HTML     47K 
33: R11         Property, Plant, and Equipment                      HTML     51K 
34: R12         Right-of-Use Assets and Lease Liability             HTML     52K 
35: R13         Asset Acquisition                                   HTML     41K 
36: R14         Mineral Properties                                  HTML     94K 
37: R15         Mining Properties                                   HTML     38K 
38: R16         Asset Retirement Obligations                        HTML     50K 
39: R17         Share Capital                                       HTML     95K 
40: R18         Related Party Transactions and Balances             HTML     48K 
41: R19         Management of Capital                               HTML     34K 
42: R20         Financial Instruments                               HTML     47K 
43: R21         Segmented Information                               HTML     52K 
44: R22         Supplemental cash flows                             HTML     39K 
45: R23         Current and Deferred Income Tax                     HTML     56K 
46: R24         Events After the Reporting Period                   HTML     42K 
47: R25         Accounting Policies, by Policy (Policies)           HTML    154K 
48: R26         Material Accounting Policy Information (Tables)     HTML     52K 
49: R27         Uranium Contracts (Tables)                          HTML     41K 
50: R28         Marketable Securities (Tables)                      HTML     40K 
51: R29         Intangible Assets (Tables)                          HTML     44K 
52: R30         Property, Plant, and Equipment (Tables)             HTML     50K 
53: R31         Right-of-Use Assets and Lease Liability (Tables)    HTML     49K 
54: R32         Asset Acquisition (Tables)                          HTML     41K 
55: R33         Mineral Properties (Tables)                         HTML     76K 
56: R34         Mining Properties (Tables)                          HTML     37K 
57: R35         Asset Retirement Obligations (Tables)               HTML     50K 
58: R36         Share Capital (Tables)                              HTML     88K 
59: R37         Related Party Transactions and Balances (Tables)    HTML     48K 
60: R38         Financial Instruments (Tables)                      HTML     35K 
61: R39         Segmented Information (Tables)                      HTML     51K 
62: R40         Supplemental cash flows (Tables)                    HTML     38K 
63: R41         Current and Deferred Income Tax (Tables)            HTML     58K 
64: R42         Material Accounting Policy Information (Details)    HTML     34K 
65: R43         Material Accounting Policy Information (Details) -  HTML    108K 
                Schedule of Significant Subsidiaries                             
66: R44         Material Accounting Policy Information (Details) -  HTML     49K 
                Schedule of Useful Lives of Property, Plant and                  
                Equipement                                                       
67: R45         Material Accounting Policy Information (Details) -  HTML     35K 
                Schedule of Useful Lives of Intangible Assets                    
68: R46         Uranium Contracts (Details)                         HTML     51K 
69: R47         Uranium Contracts (Details) - Schedule of the Fair  HTML     43K 
                Value of the Physical Uranium Investment                         
70: R48         Uranium Contracts (Details) - Schedule of Uranium   HTML     40K 
                Sales Contracts                                                  
71: R49         Marketable Securities (Details)                     HTML     68K 
72: R50         Marketable Securities (Details) - Schedule of       HTML     48K 
                Marketable Securities                                            
73: R51         Intangible Assets (Details)                         HTML     41K 
74: R52         Intangible Assets (Details) - Schedule of Change    HTML     54K 
                in the Intangible Assets                                         
75: R53         Property, Plant, and Equipment (Details) -          HTML     62K 
                Schedule of Fission Neutron (?PFN?) Technology and               
                Equipment                                                        
76: R54         Right-of-Use Assets and Lease Liability (Details)   HTML     42K 
77: R55         Right-of-Use Assets and Lease Liability (Details)   HTML     55K 
                - Schedule of Change in the Lease Liability                      
78: R56         Right-of-Use Assets and Lease Liability (Details)   HTML     43K 
                - Schedule of Undiscounted Future Lease Payments                 
79: R57         Asset Acquisition (Details)                         HTML     45K 
80: R58         Asset Acquisition (Details) - Schedule of Asset     HTML     53K 
                Acquisition                                                      
81: R59         Asset Acquisition (Details) - Schedule of Weighted  HTML     44K 
                Average Assumptions Used in the Black-Scholes                    
                Option Pricing Model                                             
82: R60         Mineral Properties (Details)                        HTML    105K 
83: R61         Mineral Properties (Details) - Schedule of Mineral  HTML    134K 
                Properties                                                       
84: R62         Mining Properties (Details)                         HTML     31K 
85: R63         Mining Properties (Details) - Schedule of Mining    HTML     39K 
                Property?s Balance                                               
86: R64         Asset Retirement Obligations (Details)              HTML     36K 
87: R65         Asset Retirement Obligations (Details) - Schedule   HTML     47K 
                of Asset Retirement Obligations Balance                          
88: R66         Asset Retirement Obligations (Details) - Schedule   HTML     39K 
                of Asset Retirement Obligations Continuity                       
89: R67         Share Capital (Details)                             HTML    134K 
90: R68         Share Capital (Details) - Schedule of Weighted      HTML     45K 
                Average Assumptions Used in the Black-Scholes                    
                Option Pricing Model                                             
91: R69         Share Capital (Details) - Schedule of Company?s     HTML     53K 
                Stock Options Outstanding                                        
92: R70         Share Capital (Details) - Schedule of Stock         HTML     52K 
                Options Outstanding                                              
93: R71         Share Capital (Details) - Schedule of Weighted      HTML     41K 
                Average Assumptions Used in Calculating the Fair                 
                Values                                                           
94: R72         Share Capital (Details) - Schedule of the Status    HTML     48K 
                of the Company?s Warrants                                        
95: R73         Share Capital (Details) - Schedule of Share         HTML     42K 
                Purchase Warrants Outstanding                                    
96: R74         Share Capital (Details) - Schedule of               HTML     56K 
                Reconciliation of the Convertible Debenture                      
                Components                                                       
97: R75         Related Party Transactions and Balances (Details)   HTML     41K 
98: R76         Related Party Transactions and Balances (Details)   HTML     45K 
                - Schedule of Amounts Paid to Key Management                     
99: R77         Related Party Transactions and Balances (Details)   HTML     39K 
                - Schedule of Owing to Related Parties                           
100: R78         Financial Instruments (Details)                     HTML     37K  
101: R79         Financial Instruments (Details) - Schedule of       HTML     38K  
                Foreign Currency Exposures                                       
102: R80         Segmented Information (Details) - Schedule of       HTML     65K  
                Long-Term Assets by Geographic Segment                           
103: R81         Supplemental cash flows (Details) - Schedule of     HTML     49K  
                Incurred Non-Cash Financing and Investing                        
                Activities                                                       
104: R82         Current and Deferred Income Tax (Details)           HTML     37K  
105: R83         Current and Deferred Income Tax (Details) -         HTML     51K  
                Schedule of Income Tax Expense (Recovery)                        
106: R84         Current and Deferred Income Tax (Details) -         HTML     56K  
                Schedule of Income Tax Provision                                 
107: R85         Current and Deferred Income Tax (Details) -         HTML     45K  
                Schedule of Deferred Tax Liabilities                             
108: R86         Current and Deferred Income Tax (Details) -         HTML     37K  
                Schedule of Unrecognized Deferred Tax Assets                     
109: R87         Events After the Reporting Period (Details)         HTML    102K  
111: XML         IDEA XML File -- Filing Summary                      XML    200K  
114: XML         XBRL Instance -- ea0202333-40f_encore_htm            XML   2.15M  
110: EXCEL       IDEA Workbook of Financial Report Info              XLSX    205K  
19: EX-101.CAL  XBRL Calculations -- cve-20231231_cal                XML    159K 
20: EX-101.DEF  XBRL Definitions -- cve-20231231_def                 XML   1.11M 
21: EX-101.LAB  XBRL Labels -- cve-20231231_lab                      XML   2.33M 
22: EX-101.PRE  XBRL Presentations -- cve-20231231_pre               XML   1.11M 
18: EX-101.SCH  XBRL Schema -- cve-20231231                          XSD    453K 
112: JSON        XBRL Instance as JSON Data -- MetaLinks              463±   659K  
113: ZIP         XBRL Zipped Folder -- 0001213900-24-027149-xbrl      Zip    692K

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<cve:AdjustmentsforGainOnSaleOfUraniumInvestment contextRef="c0" decimals="0" id="ixv-12219" unitRef="usd"> 2575500 </cve:AdjustmentsforGainOnSaleOfUraniumInvestment>
<cve:AdjustmentsforGainOnSaleOfUraniumInvestment contextRef="c4" decimals="0" id="ixv-12220" unitRef="usd"> 35000 </cve:AdjustmentsforGainOnSaleOfUraniumInvestment>
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<ifrs-full:AdjustmentsForDecreaseIncreaseInPrepaidExpenses contextRef="c4" decimals="0" id="ixv-12229" unitRef="usd"> -752293 </ifrs-full:AdjustmentsForDecreaseIncreaseInPrepaidExpenses>
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<ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities contextRef="c0" decimals="0" id="ixv-12232" unitRef="usd"> 46888809 </ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities>
<ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities contextRef="c4" decimals="0" id="ixv-12233" unitRef="usd"> -50049202 </ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities>
<ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAccountPayable contextRef="c0" decimals="0" id="ixv-12234" unitRef="usd"> 1204310 </ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAccountPayable>
<ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAccountPayable contextRef="c4" decimals="0" id="ixv-12235" unitRef="usd"> -3656511 </ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAccountPayable>
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<cve:AdjustmentforDueToRelatedParties contextRef="c4" decimals="0" id="ixv-12237" unitRef="usd"> 434902 </cve:AdjustmentforDueToRelatedParties>
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<ifrs-full:CashFlowsFromUsedInOperatingActivities contextRef="c4" decimals="0" id="ixv-12239" unitRef="usd"> -69209535 </ifrs-full:CashFlowsFromUsedInOperatingActivities>
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<ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities contextRef="c0" decimals="0" id="ixv-12241" unitRef="usd"> 7914956 </ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities>
<ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities contextRef="c4" decimals="0" id="ixv-12242" unitRef="usd"> 979501 </ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities>
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<ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities contextRef="c4" decimals="0" id="ixv-12247" unitRef="usd"> 48480 </ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities>
<cve:PurchaseofDeferredAcquisitionCosts contextRef="c4" decimals="0" id="ixv-12248" unitRef="usd"> 6009303 </cve:PurchaseofDeferredAcquisitionCosts>
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<ifrs-full:ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod contextRef="c4" decimals="0" id="ixv-12253" unitRef="usd"> 4425000 </ifrs-full:ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod>
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<ifrs-full:CashFlowsFromUsedInInvestingActivities contextRef="c4" decimals="0" id="ixv-12255" unitRef="usd"> -12205024 </ifrs-full:CashFlowsFromUsedInInvestingActivities>
<cve:PrivatePlacementProceeds contextRef="c0" decimals="0" id="ixv-12256" unitRef="usd"> 25561689 </cve:PrivatePlacementProceeds>
<cve:PrivatePlacementProceeds contextRef="c4" decimals="0" id="ixv-12257" unitRef="usd"> 23057411 </cve:PrivatePlacementProceeds>
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<ifrs-full:PaymentsForShareIssueCosts contextRef="c4" decimals="0" id="ixv-12259" unitRef="usd"> 1473875 </ifrs-full:PaymentsForShareIssueCosts>
<ifrs-full:ProceedsFromIssuingShares contextRef="c4" decimals="0" id="ixv-12260" unitRef="usd"> 51558624 </ifrs-full:ProceedsFromIssuingShares>
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<ifrs-full:ProceedsFromExerciseOfWarrants contextRef="c4" decimals="0" id="ixv-12263" unitRef="usd"> 2452227 </ifrs-full:ProceedsFromExerciseOfWarrants>
<ifrs-full:ProceedsFromExerciseOfOptions contextRef="c0" decimals="0" id="ixv-12264" unitRef="usd"> 557465 </ifrs-full:ProceedsFromExerciseOfOptions>
<ifrs-full:ProceedsFromExerciseOfOptions contextRef="c4" decimals="0" id="ixv-12265" unitRef="usd"> 1177093 </ifrs-full:ProceedsFromExerciseOfOptions>
<ifrs-full:RepaymentsOfBondsNotesAndDebentures contextRef="c0" decimals="0" id="ixv-12266" unitRef="usd"> 40000000 </ifrs-full:RepaymentsOfBondsNotesAndDebentures>
<ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities contextRef="c4" decimals="0" id="ixv-12267" unitRef="usd"> 1717268 </ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities>
<ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities contextRef="c0" decimals="0" id="ixv-12268" unitRef="usd"> 177432 </ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities>
<ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities contextRef="c4" decimals="0" id="ixv-12269" unitRef="usd"> 104815 </ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities>
<ifrs-full:CashFlowsFromUsedInFinancingActivities contextRef="c0" decimals="0" id="ixv-12270" unitRef="usd"> 45723756 </ifrs-full:CashFlowsFromUsedInFinancingActivities>
<ifrs-full:CashFlowsFromUsedInFinancingActivities contextRef="c4" decimals="0" id="ixv-12271" unitRef="usd"> 74949397 </ifrs-full:CashFlowsFromUsedInFinancingActivities>
<ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents contextRef="c0" decimals="0" id="ixv-12272" unitRef="usd"> 288348 </ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents>
<ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents contextRef="c4" decimals="0" id="ixv-12273" unitRef="usd"> -211309 </ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents>
<ifrs-full:IncreaseDecreaseInCashAndCashEquivalents contextRef="c0" decimals="0" id="ixv-12274" unitRef="usd"> 4981412 </ifrs-full:IncreaseDecreaseInCashAndCashEquivalents>
<ifrs-full:IncreaseDecreaseInCashAndCashEquivalents contextRef="c4" decimals="0" id="ixv-12275" unitRef="usd"> -6676471 </ifrs-full:IncreaseDecreaseInCashAndCashEquivalents>
<ifrs-full:CashAndCashEquivalents contextRef="c3" decimals="0" id="ixv-12276" unitRef="usd"> 2512012 </ifrs-full:CashAndCashEquivalents>
<ifrs-full:CashAndCashEquivalents contextRef="c5" decimals="0" id="ixv-12277" unitRef="usd"> 9188483 </ifrs-full:CashAndCashEquivalents>
<ifrs-full:CashAndCashEquivalents contextRef="c2" decimals="0" id="ixv-12278" unitRef="usd"> 7493424 </ifrs-full:CashAndCashEquivalents>
<ifrs-full:CashAndCashEquivalents contextRef="c3" decimals="0" id="ixv-12279" unitRef="usd"> 2512012 </ifrs-full:CashAndCashEquivalents>
<ifrs-full:NumberOfSharesOutstanding contextRef="c6" decimals="INF" id="ixv-12280" unitRef="shares"> 98902678 </ifrs-full:NumberOfSharesOutstanding>
<ifrs-full:Equity contextRef="c6" decimals="0" id="ixv-12281" unitRef="usd"> 162582365 </ifrs-full:Equity>
<ifrs-full:Equity contextRef="c9" decimals="0" id="ixv-12282" unitRef="usd"> 12662103 </ifrs-full:Equity>
<ifrs-full:Equity contextRef="c10" decimals="0" id="ixv-12283" unitRef="usd"> 6196033 </ifrs-full:Equity>
<ifrs-full:Equity contextRef="c11" decimals="0" id="ixv-12284" unitRef="usd"> -32351988 </ifrs-full:Equity>
<ifrs-full:Equity contextRef="c5" decimals="0" id="ixv-12285" unitRef="usd"> 149088513 </ifrs-full:Equity>
<cve:NumberofSharesPrivatePlacement contextRef="c12" decimals="INF" id="ixv-12286" unitRef="shares"> 6535947 </cve:NumberofSharesPrivatePlacement>
<ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity contextRef="c12" decimals="0" id="ixv-12287" unitRef="usd"> 23057411 </ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity>
<ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity contextRef="c4" decimals="0" id="ixv-12288" unitRef="usd"> 23057411 </ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity>
<ifrs-full:ShareIssueRelatedCost contextRef="c12" decimals="0" id="ixv-12289" unitRef="usd"> 2146218 </ifrs-full:ShareIssueRelatedCost>
<ifrs-full:ShareIssueRelatedCost contextRef="c15" decimals="0" id="ixv-12290" unitRef="usd"> -672343 </ifrs-full:ShareIssueRelatedCost>
<ifrs-full:ShareIssueRelatedCost contextRef="c4" decimals="0" id="ixv-12291" unitRef="usd"> 1473875 </ifrs-full:ShareIssueRelatedCost>
<cve:NumberofSharesIssuedForExerciseofWarrants contextRef="c12" decimals="INF" id="ixv-12292" unitRef="shares"> 2291642 </cve:NumberofSharesIssuedForExerciseofWarrants>
<ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity contextRef="c12" decimals="0" id="ixv-12293" unitRef="usd"> 2599999 </ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity>
<ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity contextRef="c15" decimals="0" id="ixv-12294" unitRef="usd"> -147772 </ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity>
<ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity contextRef="c4" decimals="0" id="ixv-12295" unitRef="usd"> 2452227 </ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity>
<cve:NumberofSharesIssuedForExerciseOfStockOptions contextRef="c12" decimals="INF" id="ixv-12296" unitRef="shares"> 1016436 </cve:NumberofSharesIssuedForExerciseOfStockOptions>
<ifrs-full:IncreaseDecreaseThroughExerciseOfOptions contextRef="c12" decimals="0" id="ixv-12297" unitRef="usd"> 3905580 </ifrs-full:IncreaseDecreaseThroughExerciseOfOptions>
<ifrs-full:IncreaseDecreaseThroughExerciseOfOptions contextRef="c15" decimals="0" id="ixv-12298" unitRef="usd"> -2728487 </ifrs-full:IncreaseDecreaseThroughExerciseOfOptions>
<ifrs-full:IncreaseDecreaseThroughExerciseOfOptions contextRef="c4" decimals="0" id="ixv-12299" unitRef="usd"> 1177093 </ifrs-full:IncreaseDecreaseThroughExerciseOfOptions>
<cve:IncreaseDecreaseThroughStockOptionExpense contextRef="c15" decimals="0" id="ixv-12300" unitRef="usd"> 5744656 </cve:IncreaseDecreaseThroughStockOptionExpense>
<cve:IncreaseDecreaseThroughStockOptionExpense contextRef="c4" decimals="0" id="ixv-12301" unitRef="usd"> 5744656 </cve:IncreaseDecreaseThroughStockOptionExpense>
<cve:SharesIssuedForServicesShares contextRef="c12" decimals="INF" id="ixv-12302" unitRef="shares"> 193348 </cve:SharesIssuedForServicesShares>
<ifrs-full:IssueOfEquity contextRef="c12" decimals="0" id="ixv-12303" unitRef="usd"> 611113 </ifrs-full:IssueOfEquity>
<ifrs-full:IssueOfEquity contextRef="c4" decimals="0" id="ixv-12304" unitRef="usd"> 611113 </ifrs-full:IssueOfEquity>
<cve:IncreaseDecreaseThroughShareSubscriptionsReceived contextRef="c13" decimals="0" id="ixv-12305" unitRef="usd"> 51558624 </cve:IncreaseDecreaseThroughShareSubscriptionsReceived>
<cve:IncreaseDecreaseThroughShareSubscriptionsReceived contextRef="c4" decimals="0" id="ixv-12306" unitRef="usd"> 51558624 </cve:IncreaseDecreaseThroughShareSubscriptionsReceived>
<ifrs-full:IncreaseDecreaseThroughOtherContributionsByOwners contextRef="c15" decimals="0" id="ixv-12307" unitRef="usd"> 15675 </ifrs-full:IncreaseDecreaseThroughOtherContributionsByOwners>
<ifrs-full:IncreaseDecreaseThroughOtherContributionsByOwners contextRef="c4" decimals="0" id="ixv-12308" unitRef="usd"> 15675 </ifrs-full:IncreaseDecreaseThroughOtherContributionsByOwners>
<ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax contextRef="c16" decimals="0" id="ixv-12309" unitRef="usd"> 665809 </ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax>
<ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax contextRef="c4" decimals="0" id="ixv-12310" unitRef="usd"> 665809 </ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax>
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<ifrs-full:Equity contextRef="c18" decimals="0" id="ixv-12314" unitRef="usd"> 190610250 </ifrs-full:Equity>
<ifrs-full:Equity contextRef="c19" decimals="0" id="ixv-12315" unitRef="usd"> 51558624 </ifrs-full:Equity>
<ifrs-full:Equity contextRef="c21" decimals="0" id="ixv-12316" unitRef="usd"> 16218518 </ifrs-full:Equity>
<ifrs-full:Equity contextRef="c22" decimals="0" id="ixv-12317" unitRef="usd"> 5530224 </ifrs-full:Equity>
<ifrs-full:Equity contextRef="c23" decimals="0" id="ixv-12318" unitRef="usd"> -48867377 </ifrs-full:Equity>
<ifrs-full:Equity contextRef="c3" decimals="0" id="ixv-12319" unitRef="usd"> 215050239 </ifrs-full:Equity>
<ifrs-full:NumberOfSharesOutstanding contextRef="c18" decimals="INF" id="ixv-12320" unitRef="shares"> 108940051 </ifrs-full:NumberOfSharesOutstanding>
<ifrs-full:Equity contextRef="c18" decimals="0" id="ixv-12321" unitRef="usd"> 190610250 </ifrs-full:Equity>
<ifrs-full:Equity contextRef="c19" decimals="0" id="ixv-12322" unitRef="usd"> 51558624 </ifrs-full:Equity>
<ifrs-full:Equity contextRef="c21" decimals="0" id="ixv-12323" unitRef="usd"> 16218518 </ifrs-full:Equity>
<ifrs-full:Equity contextRef="c22" decimals="0" id="ixv-12324" unitRef="usd"> 5530224 </ifrs-full:Equity>
<ifrs-full:Equity contextRef="c23" decimals="0" id="ixv-12325" unitRef="usd"> -48867377 </ifrs-full:Equity>
<ifrs-full:Equity contextRef="c3" decimals="0" id="ixv-12326" unitRef="usd"> 215050239 </ifrs-full:Equity>
<cve:NumberofSharesPublicOffering contextRef="c24" decimals="INF" id="ixv-12327" unitRef="shares"> 10615650 </cve:NumberofSharesPublicOffering>
<cve:IncreaseDecreaseThroughPublicOffering contextRef="c24" decimals="0" id="ixv-12328" unitRef="usd"> 25561689 </cve:IncreaseDecreaseThroughPublicOffering>
<cve:IncreaseDecreaseThroughPublicOffering contextRef="c0" decimals="0" id="ixv-12329" unitRef="usd"> 25561689 </cve:IncreaseDecreaseThroughPublicOffering>
<cve:NumberofConversionOfSubscriptionstoShares contextRef="c24" decimals="INF" id="ixv-12330" unitRef="shares"> 23277000 </cve:NumberofConversionOfSubscriptionstoShares>
<ifrs-full:IncreaseDecreaseThroughConversionOfConvertibleInstruments contextRef="c24" decimals="0" id="ixv-12331" unitRef="usd"> 51737788 </ifrs-full:IncreaseDecreaseThroughConversionOfConvertibleInstruments>
<ifrs-full:IncreaseDecreaseThroughConversionOfConvertibleInstruments contextRef="c25" decimals="0" id="ixv-12332" unitRef="usd"> -51737788 </ifrs-full:IncreaseDecreaseThroughConversionOfConvertibleInstruments>
<ifrs-full:ShareIssueRelatedCost contextRef="c24" decimals="0" id="ixv-12333" unitRef="usd"> 7702013 </ifrs-full:ShareIssueRelatedCost>
<ifrs-full:ShareIssueRelatedCost contextRef="c27" decimals="0" id="ixv-12334" unitRef="usd"> -1415057 </ifrs-full:ShareIssueRelatedCost>
<ifrs-full:ShareIssueRelatedCost contextRef="c0" decimals="0" id="ixv-12335" unitRef="usd"> 6286956 </ifrs-full:ShareIssueRelatedCost>
<cve:NumberofSharesIssuedForExerciseofWarrants contextRef="c24" decimals="INF" id="ixv-12336" unitRef="shares"> 6034478 </cve:NumberofSharesIssuedForExerciseofWarrants>
<ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity contextRef="c24" decimals="0" id="ixv-12337" unitRef="usd"> 16995629 </ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity>
<ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity contextRef="c27" decimals="0" id="ixv-12338" unitRef="usd"> -2026555 </ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity>
<ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity contextRef="c0" decimals="0" id="ixv-12339" unitRef="usd"> 14969074 </ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity>
<cve:NumberofSharesIssuedForExerciseOfStockOptions contextRef="c24" decimals="INF" id="ixv-12340" unitRef="shares"> 575676 </cve:NumberofSharesIssuedForExerciseOfStockOptions>
<ifrs-full:IncreaseDecreaseThroughExerciseOfOptions contextRef="c24" decimals="0" id="ixv-12341" unitRef="usd"> 1598704 </ifrs-full:IncreaseDecreaseThroughExerciseOfOptions>
<ifrs-full:IncreaseDecreaseThroughExerciseOfOptions contextRef="c27" decimals="0" id="ixv-12342" unitRef="usd"> -1041239 </ifrs-full:IncreaseDecreaseThroughExerciseOfOptions>
<ifrs-full:IncreaseDecreaseThroughExerciseOfOptions contextRef="c0" decimals="0" id="ixv-12343" unitRef="usd"> 557465 </ifrs-full:IncreaseDecreaseThroughExerciseOfOptions>
<cve:NumberofSharesIssuedForATMinShares contextRef="c24" decimals="INF" id="ixv-12344" unitRef="shares"> 15690943 </cve:NumberofSharesIssuedForATMinShares>
<cve:IncreaseDecreaseThroughSharesIssuedForATM contextRef="c24" decimals="0" id="ixv-12345" unitRef="usd"> 49444256 </cve:IncreaseDecreaseThroughSharesIssuedForATM>
<cve:IncreaseDecreaseThroughSharesIssuedForATM contextRef="c0" decimals="0" id="ixv-12346" unitRef="usd"> 49444256 </cve:IncreaseDecreaseThroughSharesIssuedForATM>
<cve:IncreaseDecreaseThroughStockOptionExpense contextRef="c27" decimals="0" id="ixv-12347" unitRef="usd"> 4538747 </cve:IncreaseDecreaseThroughStockOptionExpense>
<cve:IncreaseDecreaseThroughStockOptionExpense contextRef="c0" decimals="0" id="ixv-12348" unitRef="usd"> 4538747 </cve:IncreaseDecreaseThroughStockOptionExpense>
<ifrs-full:IssueOfConvertibleInstruments contextRef="c26" decimals="0" id="ixv-12349" unitRef="usd"> 3813266 </ifrs-full:IssueOfConvertibleInstruments>
<ifrs-full:IssueOfConvertibleInstruments contextRef="c0" decimals="0" id="ixv-12350" unitRef="usd"> 3813266 </ifrs-full:IssueOfConvertibleInstruments>
<cve:IncreaseDecreaseThroughFairValueOfReplacementOptionsForAltaMesaAcquisition contextRef="c27" decimals="0" id="ixv-12351" unitRef="usd"> 81414 </cve:IncreaseDecreaseThroughFairValueOfReplacementOptionsForAltaMesaAcquisition>
<cve:IncreaseDecreaseThroughFairValueOfReplacementOptionsForAltaMesaAcquisition contextRef="c0" decimals="0" id="ixv-12352" unitRef="usd"> 81414 </cve:IncreaseDecreaseThroughFairValueOfReplacementOptionsForAltaMesaAcquisition>
<ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax contextRef="c25" decimals="0" id="ixv-12353" unitRef="usd"> -179164 </ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax>
<ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax contextRef="c28" decimals="0" id="ixv-12354" unitRef="usd"> -2414123 </ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax>
<ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax contextRef="c0" decimals="0" id="ixv-12355" unitRef="usd"> -2593287 </ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax>
<ifrs-full:ProfitLoss contextRef="c29" decimals="0" id="ixv-12356" unitRef="usd"> -22385977 </ifrs-full:ProfitLoss>
<ifrs-full:ProfitLoss contextRef="c0" decimals="0" id="ixv-12357" unitRef="usd"> -22385977 </ifrs-full:ProfitLoss>
<ifrs-full:NumberOfSharesOutstanding contextRef="c30" decimals="INF" id="ixv-12358" unitRef="shares"> 165133798 </ifrs-full:NumberOfSharesOutstanding>
<ifrs-full:Equity contextRef="c30" decimals="0" id="ixv-12359" unitRef="usd"> 328246303 </ifrs-full:Equity>
<ifrs-full:Equity contextRef="c32" decimals="0" id="ixv-12360" unitRef="usd"> 3813266 </ifrs-full:Equity>
<ifrs-full:Equity contextRef="c33" decimals="0" id="ixv-12361" unitRef="usd"> 19185942 </ifrs-full:Equity>
<ifrs-full:Equity contextRef="c34" decimals="0" id="ixv-12362" unitRef="usd"> 7944347 </ifrs-full:Equity>
<ifrs-full:Equity contextRef="c35" decimals="0" id="ixv-12363" unitRef="usd"> -71253354 </ifrs-full:Equity>
<ifrs-full:Equity contextRef="c2" decimals="0" id="ixv-12364" unitRef="usd"> 287936504 </ifrs-full:Equity>
<ifrs-full:DisclosureOfGoingConcernExplanatory contextRef="c0" id="ixv-4084">
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><b>1.</b></td><td style="text-align: justify"><b>Nature of operations and going concern</b></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">enCore Energy Corp. was incorporated on October 30, 2009 under the Laws of British Columbia, Canada. enCore Energy Corp., together with its subsidiaries (collectively referred to as the “Company” or “enCore”), is principally engaged in the acquisition, exploration, and development of uranium resource properties in the United States. In Q1 2024, the Company’s Rosita project transitioned to production. The Company’s common shares trade on the TSX Venture Exchange and directly on a U.S. Exchange under the symbol “EU.” The Company’s corporate headquarters is located at 101 N Shoreline, Suite 560, Corpus Christi, TX 78401.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">On September 14, 2022, the Company consolidated its issued and outstanding shares on a ratio of three old common shares for every one new post-consolidated common share (the “Share Consolidation”). All current and comparative references to the number of common shares, weighted average number of common shares, loss per share, stock options and warrants have been restated to give effect to this Share Consolidation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">These consolidated financial statements have been prepared on the going concern basis which assumes that the Company will continue in operation for the foreseeable future and, accordingly, will be able to realize its assets and discharge its liabilities in the normal course of operations as they come due, under the historical cost convention except for certain financial instruments that are measured at fair value, as detailed in the Company’s accounting policies.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Geopolitical uncertainty </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Geopolitical uncertainty driven by the Russian invasion of Ukraine has led many governments and utility providers to re-examine supply chains and procurement strategies reliant on nuclear fuel supplies coming out of, or through, Russia. Sanctions, restrictions, and an inability to obtain insurance on cargo have contributed to transportation and other supply chain disruptions between producers and suppliers. As a result of this and coupled with multiple years of declining uranium production globally, uranium market fundamentals are shifting from an inventory driven market to one more driven by production.</p>
</ifrs-full:DisclosureOfGoingConcernExplanatory>
<ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory contextRef="c0" id="ixv-4108">
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><b>2.</b></td><td style="text-align: justify"><b>Material accounting policy information</b></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in"><b>Basis of preparation</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">These financial statements, including comparatives, have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IFRS Accounting Standards”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The preparation of consolidated financial statements in conformity with IFRS Accounting Standards requires the use of certain critical accounting estimates. It also requires management to exercise judgment in the process of applying the accounting policies. Those areas involving a higher degree of judgment and complexity or areas where assumptions and estimates are significant to the consolidated financial statements are discussed below.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">These financial statements were approved for issuance by the Board of Directors on March 25, 2024.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Comparatives</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Certain figures in the comparative period consolidated statements of financial position, consolidated statements of loss and comprehensive loss, consolidated statements of change in equity and consolidated statements of cash flows have been reclassified to meet the current presentation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><b>Basis of measurement</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">These financial statements have been prepared on a historical cost basis except for certain financial instruments which are measured at fair value. All dollar amounts presented are in United States Dollars (“U.S. Dollars”) unless otherwise specified. In addition, these financial statements have been prepared using the accrual basis of accounting, except for cash flow information.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><b>Functional and presentation currency</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">These financial statements are presented in U.S. Dollars, unless otherwise specified. During the year ended December 31, 2022, the Company changed its presentation currency from Canadian Dollars to U.S. Dollars. The change in presentation currency is to improve investors’ ability to compare the Company’s financial results with other publicly traded businesses in the exploration industry.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The functional currency of enCore Energy Corp. is the Canadian Dollar. The functional currency of the Company’s subsidiaries is the U.S. Dollar based on the currency of the primary economic environment in which these subsidiaries operate.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Exchange differences arising on the translation of monetary items or on settlement of monetary items are recognized in profit or 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 loss in the consolidated statement of loss and comprehensive loss to the extent that gains and losses arising on those non-monetary items are also recognized in other comprehensive loss. Where the non-monetary gain or loss is recognized in profit or loss, the exchange component is also recognized in profit or loss.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">On consolidation, the parent Company’s financial statements are translated into the presentation currency, being the U.S. Dollar. Assets and liabilities are translated at the period-end exchange rate. Income and expenses are translated at the average exchange rate for the period in which they arise. Exchange differences are recognized in accumulated comprehensive loss as a separate component within equity.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><b>Consolidation</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">These financial statements incorporate the financial statements of the Company and its controlled subsidiaries. Control is defined as the exposure, or rights, to variable returns from involvement with an investee and the ability to affect those returns through power over the investee. Power over an investee exists when an investor has existing rights that give it the ability to direct the activities that significantly affect the investee’s returns. This control is generally evidenced through owning more than 50% of the voting rights or currently exercisable potential voting rights of a Company’s share capital. All significant intercompany transactions and balances have been eliminated.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">These consolidated financial statements include the financial statements of the Company and its significant subsidiaries listed in the following table:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Name of</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Subsidary</b></p></td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Place of</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Incorporation</b></p></td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Ownership</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Interest</b></p></td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Principal</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Activity</b></p></td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>Functional</b></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>Currency</b></p></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 28%; text-align: center; padding-left: 4.8pt">Tigris Uranium US Corp.</td><td style="width: 1%"> </td> <td style="width: 25%; text-align: center; padding-left: 2.7pt">Nevada, USA</td><td style="width: 1%"> </td> <td style="width: 9%; text-align: center; padding-left: 9.95pt">100%</td><td style="width: 1%"> </td> <td style="width: 25%; text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td style="width: 1%"> </td> <td style="width: 9%; text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt">Metamin Enterprises US Inc.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Nevada, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">URI, Inc.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Delaware, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt"><span style="font-size: 10pt">Neutron Energy, Inc. <sup>3</sup></span></td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Nevada, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt"><div style="-sec-ix-hidden: hidden-fact-126">N/A</div></td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">Uranco, Inc.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Delaware, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt"><span style="font-size: 10pt">Uranium Resources, Inc. <sup>2</sup></span></td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Delaware, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt"><div style="-sec-ix-hidden: hidden-fact-127">N/A</div></td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">HRI-Churchrock, Inc.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Delaware, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt"><span style="font-size: 10pt">Hydro Restoration Corp. <sup>1</sup></span></td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Delaware, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt"><div style="-sec-ix-hidden: hidden-fact-128">N/A</div></td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt"><span style="font-size: 10pt">Belt Line Resources, Inc.<sup>1</sup></span></td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Texas, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt"><div style="-sec-ix-hidden: hidden-fact-129">N/A</div></td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt">enCore Energy US Corp.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Nevada, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 1.25pt">Holding Company</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">Azarga Uranium Corp.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">British Columbia, CA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt">Powertech (USA) Inc.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">South Dakota, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">URZ Energy Corp.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">British Columbia, CA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt">Ucolo Exploration Corp.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Utah, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">enCore Alta Mesa LLC</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Texas, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt">Leoncito Plant, LLC</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Texas, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">Leoncito Restoration, LLC</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Texas, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt">Leoncito Project, LLC</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Texas, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">Azarga Resources Limited</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">British Virgin Islands</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt">Azarga Resources (Hong Kong) Ltd.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Hong Kong</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">Azarga Resources USA Company</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Colorado, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-bottom: 1.5pt; padding-left: 4.8pt">Azarga Resources Canada Ltd.</td><td> </td> <td style="text-align: center; padding-bottom: 1.5pt; padding-left: 2.7pt">British Columbia, CA</td><td> </td> <td style="text-align: center; padding-bottom: 1.5pt; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-bottom: 1.5pt; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center; padding-bottom: 1.5pt">USD</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left"><sup>1</sup></td><td style="text-align: justify">Hydro Restoration Corp. and Belt Line Resources, Inc. were divested in April 2023 (Note 4,9).</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left"><sup>2</sup></td><td style="text-align: justify">Uranium Resources, Inc. was dissolved during the year.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left"><sup>3</sup></td><td style="text-align: justify">Neutron Energy, Inc. was divested in July 2023 (Note 4,9).</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>Cash</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">Cash is comprised of cash held at banks and demand deposits.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><b>Restricted cash</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">As of December 31, 2023, the Company deposited $7,679,859 for collateralization of its performance obligations with an unrelated third party also known as performance bonds. These funds are not available for the payment of general corporate obligations. The performance bonds are required for future restoration and reclamation obligations related to the Company’s operations. (Note 11).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt"><b>Asset retirement obligations</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">Various federal and state mining laws and regulations require the Company to reclaim the surface areas and restore underground water quality for its in situ recovery (ISR) projects to the pre-existing or background average quality after the completion of mining. Asset retirement obligations, consisting primarily of estimated restoration and reclamation costs at the Company’s ISR projects, are recognized in the period incurred and recorded as liabilities at fair value. Such obligations, which are initially estimated based on discounted cash flow estimates, are accreted to full value over time through charges to accretion expense. In addition, the asset retirement cost is capitalized as part of the asset’s carrying value and amortized over the life of the related asset. Asset retirement obligations are periodically adjusted to reflect changes in the estimated present value resulting from revisions to the estimated timing or amount of restoration and reclamation costs. As the Company completes its restoration and reclamation work at its properties, the liability is reduced by the carrying value of the related asset retirement liability based on completion of each restoration and reclamation activity. Any gain or loss upon settlement is charged the consolidated statement of loss in the period. The Company reviews and evaluates its asset retirement obligations annually or more frequently if deemed necessary.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><b>Assets held for sale</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company classifies long-lived assets or disposal groups to be sold as held for sale in the period in which all of the following criteria are met: management commits to a plan to sell the asset or disposal group; the asset or disposal group is available for immediate sale; an active program to locate a buyer is initiated; the sale of the asset or disposal group is highly probable, within 12 months.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt"><b>Mineral properties</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">The Company has certain mineral property assets that are in the exploration stage, and records exploration and evaluation assets, which consist of the costs of acquiring licenses for the right to explore and costs associated with exploration and evaluation activity, at cost. All direct and indirect costs related to the acquisition, exploration and development of exploration and evaluation assets are capitalized by property.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">The exploration and evaluation assets are capitalized until the technical feasibility and commercial viability of the extraction of mineral resources in an area of interest are demonstrable. Exploration and evaluation assets are then assessed for impairment and reclassified to mining property on the consolidated statement of financial position. If an exploration and evaluation property interest is abandoned, both the acquisition costs and the exploration and evaluation cost will be written off to net income or loss in the period of abandonment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">On an ongoing basis, exploration and evaluation assets are reviewed on a property-by-property basis to consider if there are any indicators of impairment, including the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.5in; text-align: left">(i)</td><td style="text-align: justify">Whether the period during which the Company has the right to explore in the specific area has expired during the year or will expire in the near future;</td> </tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.5in; text-align: left">(ii)</td><td style="text-align: justify">Whether substantive expenditure on further exploration for and evaluation of mineral resources in the specific area is neither budgeted nor planned;</td> </tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.5in; text-align: left">(iii)</td><td style="text-align: justify">Whether the Company has decided to discontinue activities in an area as the exploration and evaluation activities in the area have not led to the discovery of commercially viable quantities of mineral resources; and</td> </tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="text-align: left; width: 0.5in">(iv)</td><td style="text-align: justify">Whether sufficient data exists to indicate, although a development in a specific area is likely to proceed, the carrying amount of the exploration and evaluation asset is unlikely to be recovered in full from successful development or by sale.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">If any indication of impairment exists, an estimate of the exploration and evaluation asset’s recoverable amount is determined. The recoverable amount is determined as the higher of the fair value less costs of disposal for the exploration and evaluation property interest and its value in use. The fair value less costs of disposal and the value in use is determined for an individual exploration and evaluation property interest, unless the exploration and evaluation property interest does not generate cash inflows that are largely independent of other exploration and evaluation property interests. If this is the case, the exploration and evaluation property interests are grouped together into cash generating units (“CGUs”) for impairment purposes. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount and the impairment loss is recognized in net income or loss for the period. Where an impairment subsequently reverses, the carrying amount of the asset (or CGU) is increased to the revised estimate of its recoverable amount, but to an amount that does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset (or CGU) in prior periods. A reversal of an impairment loss is recognized in the period in which that determination was made in net income or loss.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><b>Investments in uranium</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Investments in uranium are initially recorded at cost, on the date that control of the uranium passes to the Company. Cost is calculated as the purchase price and any directly attributable expenditure. Subsequent to initial recognition, investments in uranium are measured at fair value at each reporting period end. Fair value is determined based on the most recent month-end spot prices for uranium published by UxC LLC (“UxC”). Related fair value gains and losses subsequent to initial recognition are recorded in the consolidated statement of loss and comprehensive loss as a component of “Other Income (Expense)” in the period in which they arise.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In 2022, the Company entered into fixed price agreements for future purchases of uranium. These agreements required the Company to make a deposit at the time of contract execution toward its future purchase. These deposits are recorded on the Company’s statement of financial position in accordance with IFRS 9. The deposit was fully applied in 2023 and now has a balance of <span style="-sec-ix-hidden: hidden-fact-130">nil</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Investments in associates</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Investments in associates are accounted for using the equity method. The equity method involves the recording of the initial investment at cost and the subsequent adjusting of the carrying value of the investment for the Company’s proportionate share of the earnings or loss. The cost of the investment includes transaction costs.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Adjustments are made to align the accounting policies of the associate with those of the Company before applying the equity method. When the Company’s share of losses exceeds its interest in an equity-accounted investee, the carrying amount of that interest is reduced to zero, and the recognition of further losses is discontinued except to the extent that the Company has incurred legal or constructive obligations or made payments on behalf of the associate. If the associate subsequently reports profits, the Company resumes recognizing its share of those profits only after its share of the profits equals the share of losses not recognized.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Property, plant and equipment</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Useful lives are based on the Company’s estimate at the date of acquisition and are as follows for each class of assets:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; "> <td style="border-bottom: Black 1.5pt solid; width: 50%; font-weight: bold; text-align: center">Category</td><td style="text-align: center; width: 1%; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-right: 0pt; width: 49%; font-weight: bold; text-align: center">Range</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Uranium Plants</td><td> </td> <td style="padding-right: 0pt; text-align: left; padding-left: 0pt; text-indent: 0pt">Straight-line over 15-25 years</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Other Property Plant and Equipment</td><td> </td> <td style="padding-right: 0pt; text-align: justify; padding-left: 0pt; text-indent: 0pt">Straight-line over 3-5 years</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Software</td><td> </td> <td style="padding-right: 0pt; text-align: justify; padding-left: 0pt; text-indent: 0pt">Straight-line over 2-3 years</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Furniture</td><td> </td> <td style="padding-right: 0pt; text-align: justify; padding-left: 0pt; text-indent: 0pt">Straight-line over 3-5 years</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Buildings</td><td> </td> <td style="padding-right: 0pt; text-align: left; padding-left: 0pt; text-indent: 0pt">Straight-line over 10-40 years</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>Uranium plants</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Uranium plant expenditures for new facilities or equipment and expenditures that extend the useful lives of existing facilities or equipment are capitalized and recorded at cost. Depreciation of uranium plants is computed based upon the estimated useful lives of the assets. Repair and maintenance costs are expensed as incurred. Gain or loss on disposal of such assets is recorded as other income or expense as such assets are disposed.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Other property, plant and equipment and furniture</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Other property, plant and equipment consists of office equipment, and transportation equipment. Depreciation on other property, plant and equipment and furniture is computed based upon the estimated useful lives of the assets. Repairs and maintenance costs are expensed as incurred. Gain or loss on disposal of such assets is recorded as other income or expense as such assets are disposed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>Buildings</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Depreciation on buildings is computed based upon the estimated useful lives of the asset. Repairs and maintenance costs are expensed as incurred. Gain or loss on disposal of such assets is recorded as other income or expense as such assets are disposed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Software</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Software acquired in the normal course of business through a perpetual license is capitalized and depreciated over the estimated useful life of the asset. Support and maintenance costs are expensed as incurred. Gain or loss on disposal of such assets is recorded as other income or expense as such assets are disposed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Intangible assets</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Intangible assets are recognized and measured at cost. Intangible assets with indefinite useful lives are assessed for impairment annually and whenever there is an indication that the intangible asset may be impaired. Intangible assets that have finite useful lives are amortized over their estimated remaining useful lives. Amortization methods and useful lives are reviewed at each reporting period and are adjusted if appropriate.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Useful lives are based on the Company’s estimate at the date of acquisition and are as follows for each class of assets:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; "> <td style="border-bottom: Black 1.5pt solid; width: 50%; font-weight: bold; text-align: left">Category</td><td style="text-align: center; width: 1%; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 49%; font-weight: bold; text-align: center">Range</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Data Access Agreement</td><td> </td> <td style="text-align: left; padding-left: 0pt">Straight-line over 14 years</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Data Purchases</td><td> </td> <td style="text-align: left; padding-left: 0pt">Indefinite life intangible asset</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Impairment of non-financial assets</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">At the end of each reporting period, the Company’s assets are reviewed to determine whether there is any indication that those assets may be impaired. If such an indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment, if any. The recoverable amount is the higher of fair value less costs of disposal and the value in use. 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. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects a current market assessment of the time value of money and the risks specific to the asset. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount and the impairment loss is recognized in profit or loss for the period. For an asset that does not generate largely independent cash flows, the recoverable amount is determined for the cash generating unit to which the asset belongs. When an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but to an amount that does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset (or cash generating unit) in prior years. A reversal of an impairment loss is recognized immediately in profit or loss.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Leases</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In accordance with IFRS 16, the Company recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset represents the Company’s right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Right-of-use assets and lease liabilities are recognized at the commencement date of the lease based on the present value of lease payments over the lease term.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Current and deferred income tax</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Income tax expense comprises current and deferred tax. Income tax is recognized in profit or loss except to the extent that it relates to items recognized directly in equity. Current tax expense is the expected tax payable on taxable income for the year, using tax rates enacted or substantively enacted at period end, adjusted for amendments to tax payable with regards to previous years.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Deferred tax is recorded using the liability method, providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Temporary differences are not provided for the initial recognition of assets or liabilities that do not affect either accounting or taxable loss or those differences relating to investments in subsidiaries to the extent that they are not probable to reverse in the foreseeable future. The amount of deferred tax provided is based on the expected manner of realization or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantively enacted at the date of the statement of financial position.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">A deferred tax asset is recognized only to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. To the extent that the Company does not consider it probable that a deferred tax asset will be recovered, it is not recorded.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Recovery of deferred tax assets </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Judgment is required in determining whether deferred tax assets are recognized in the statement of financial position. Deferred tax assets, including those arising from unutilized tax losses, require management to assess the likelihood that the Company will generate taxable earnings in future periods in order to utilize recognized deferred tax assets. Estimates of future taxable income are based on forecast cash flows from operations and the application of existing tax laws in each jurisdiction. To the extent that future cash flows and taxable income differ significantly from estimates, the ability of the Company to realize the net deferred tax assets recorded at the date of the statement of financial position could be impacted. Additionally, future changes in tax laws in the jurisdictions in which the Company operates could limit the ability of the Company to obtain tax deductions in future periods. The Company has not recorded any deferred tax assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Loss per share</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company presents basic and diluted loss per share (“EPS”) data for its common shares. Basic EPS is calculated by dividing the loss of the Company by the weighted average number of common shares outstanding during the year, adjusted for own shares held. Diluted EPS is determined by dividing the loss attributable to common shareholders by the weighted average number of common shares outstanding, adjusted for own shares held and for the effects of all potential dilutive common shares related to outstanding stock options and warrants issued by the Company for the years presented, except if their inclusion proves to be anti-dilutive.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Share-based payments</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The fair value of all stock options granted to directors, officers, and employees is recorded as a charge to operations and a credit to contributed surplus. The fair value of these stock options is measured at the grant date using the Black-Scholes option pricing model. The fair value of stock options which vest immediately is recorded at the grant date. For stock options which vest in the future, the fair value of stock options, as adjusted for the expected level of vesting of the stock options and the number of stock options which ultimately vest, is recognized over the vesting period. Stock options granted to non-employees are measured at the fair value of goods or services rendered or at the fair value of the instruments issued if it is determined that the fair value of the goods or services received cannot be reliably measured. The number of shares and options expected to vest is reviewed and adjusted at the end of each reporting period such that the amount recognized for services received as consideration for the equity instruments granted shall be based on the number of equity instruments that eventually vest.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Warrants issued to brokers are measured at their fair value on the vesting date and are recognized as a deduction from equity and credited to contributed surplus. The fair value of stock options and warrants issued to brokers are estimated using the Black-Scholes option pricing model. Any consideration received on the exercise of stock options and/or warrants, together with the related portion of contributed surplus, is credited to share capital.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Warrants issued in equity financing transactions</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company engages in equity financing transactions to obtain the funds necessary to continue operations and explore its exploration and evaluation assets. These equity financing transactions may involve the issuance of common shares or units. Each unit comprises of a certain number of common shares and a certain number of share purchase warrants.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Depending on the terms and conditions of each equity financing agreement, the Warrants are exercisable into additional common shares at a price prior to expiry as stipulated by the agreement. Warrants that are part of units are valued based on the residual value method. Warrants that are issued as payment for agency fees or other transactions costs are accounted for as share-based payments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Financial instruments</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Financial assets and liabilities are recognized when the Company becomes a party to the contractual provisions of the instrument. Financial assets and liabilities are recognized when the rights to receive or obligation to pay cash flows from the assets or liabilities have expired or been settled or have been transferred and the Company has transferred substantially all risks and rewards of ownership.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company classifies its financial instruments in the following categories: at fair value through profit and loss (“FVTPL”), at fair value through other comprehensive 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. 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 consolidated statements of loss and comprehensive loss in the period in which they arise.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Impairment of financial assets at amortized cost</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">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 the consolidated statement of loss for the period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">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 the consolidated statement of 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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Derecognition of financial assets</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">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 the associated risks and rewards of ownership to another entity. Gains and losses on derecognition are generally recognized in profit or loss.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Derivative financial assets</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Warrants are classified as derivative financial assets and are recorded at FVTPL. Warrants without an active market that are received as attachments to common share units are initially recorded at nominal amounts. At the time of purchase the total unit cost is allocated in full to each common share. Subsequent value is determined at measurement date using a valuation technique, such as the Black-Scholes option pricing model, or when the valuation technique input variables are not reliable, using the intrinsic value, which is equal to the higher of the market value of the underlying security, less the exercise price of the warrant, or zero.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Newly adopted accounting standards and interpretations</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Effective for annual reporting periods beginning on or after January 1, 2023, the Company adopted the following amendments:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Disclosure of Accounting Policies (Amendments to IAS 1 and IFRS Practice Statement 2) – the amendments require that an entity discloses its material accounting policies, instead of its significant accounting policies. Further amendments explain how an entity can identify a material accounting policy.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Definition of Accounting Estimates (Amendments to IAS 8) – the amendments replace the definition of a change in accounting estimates with a definition of accounting estimates. Under the new definition, accounting estimates are “monetary amounts in financial statements that are subject to measurement uncertainty.” Entities develop accounting estimates if accounting policies require items in financial statements to be measured in a way that involves measurement uncertainty. The amendments clarify that a change in accounting estimate that results from new information or new developments is not the correction of an error.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The adoption of these amendments did not have a material impact on the results of its operations and financial position.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"></td><td style="text-align: justify"><b>Use of estimates</b></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The preparation of financial statements in conformity with IFRS Accounting Standards requires management to make estimates, assumptions, and judgment in applying its accounting policies and estimates and assumptions about the future. Estimates and other judgments are continuously evaluated and are based on management’s experience and other factors, including expectations about future events that are believed to be reasonable under the circumstances. Although management uses historical experience and its best knowledge of the expected amounts, events or actions to form the basis for estimates, actual results may differ from these estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Critical accounting estimates:</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>The assessment of the recoverable amount of mineral properties as a result of impairment indicators – </b>When indicators of impairment are identified, recoverable amount calculations are based either on discounted estimated future cash flows or on comparable recent transactions. The assumptions used are based on management’s best estimates of what an independent market participant would consider appropriate. Changes in these assumptions may alter the results of impairment testing, the amount of the impairment charges recorded in the statement of loss and comprehensive loss and the resulting carrying values of assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Asset retirement obligations - </b>Significant estimates were utilized in determining future costs to complete groundwater restoration, plugging and abandonment of wellfields and surface reclamation at the Company’s uranium sites. Estimating future costs can be difficult and unpredictable as they are based principally on current legal and regulatory requirements and ISR site closure plans that may change materially. The laws and regulations governing ISR site closure and remediation in a particular jurisdiction are subject to review at any time and may be amended to impose additional requirements and conditions which may cause our provisions for environmental liabilities to be underestimated and could materially affect our financial position or results of operations. Estimates of future asset retirement obligation costs are also subject to operational risks such as acceptability of treatment techniques or other operational changes.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Critical accounting judgments:</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>The assessment of indicators of impairment for mineral properties - </b>The Company follows the guidance of IFRS 6 to determine when a mineral property asset is impaired. This determination requires significant judgment. In making this judgment, the Company evaluates, among other factors, the results of exploration and evaluation activities to date and the Company’s future plans to explore and evaluate a mineral property.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Valuation of acquired mineral properties – </b>The valuation of mineral properties acquired by the Company requires significant judgement. Acquired mineral properties are valued at their fair market value which can require significant estimates in future cash flows, production, and timing.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Business combinations and divestments - </b>The determination of whether a set of assets acquired and liabilities assumed constitute a business may require the Company to make certain judgments, taking into account all facts and circumstances. A business is presumed to be an integrated set of activities and assets capable of being conducted and managed for the purpose of providing a return in the form of dividends, lower costs or economic benefits. The acquisition of Alta Mesa on February 14, 2023 (Note 8) was determined to constitute an acquisition of assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company completed two transactions in 2023 to divest of non-core assets that resulted in receipt of marketable securities (Note 4). Neither of these transactions led to the Company holding significant influence according to the definition of IAS 28 Investments in Associates, accordingly, they were accounted for as equity investments with the fair value of the securities on the transaction date being recorded on the Company’s Statement of Financial Position.</p>
</ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory>
<cve:DescriptionOfAccountingPolicyForBasisOfPresentationtextBlock contextRef="c0" id="ixv-4118">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in"><b>Basis of preparation</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">These financial statements, including comparatives, have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IFRS Accounting Standards”).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The preparation of consolidated financial statements in conformity with IFRS Accounting Standards requires the use of certain critical accounting estimates. It also requires management to exercise judgment in the process of applying the accounting policies. Those areas involving a higher degree of judgment and complexity or areas where assumptions and estimates are significant to the consolidated financial statements are discussed below.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">These financial statements were approved for issuance by the Board of Directors on March 25, 2024.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p>
</cve:DescriptionOfAccountingPolicyForBasisOfPresentationtextBlock>
<cve:DescriptionOfAccountingPolicyForComparativesTextBlock contextRef="c0" id="ixv-4176">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Comparatives</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Certain figures in the comparative period consolidated statements of financial position, consolidated statements of loss and comprehensive loss, consolidated statements of change in equity and consolidated statements of cash flows have been reclassified to meet the current presentation.</p>
</cve:DescriptionOfAccountingPolicyForComparativesTextBlock>
<cve:DescriptionOfAccountingPolicyForBasisOfMeasurementTextBlock contextRef="c0" id="ixv-4184">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><b>Basis of measurement</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">These financial statements have been prepared on a historical cost basis except for certain financial instruments which are measured at fair value. All dollar amounts presented are in United States Dollars (“U.S. Dollars”) unless otherwise specified. In addition, these financial statements have been prepared using the accrual basis of accounting, except for cash flow information.</p>
</cve:DescriptionOfAccountingPolicyForBasisOfMeasurementTextBlock>
<ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory contextRef="c0" id="ixv-4192">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><b>Functional and presentation currency</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">These financial statements are presented in U.S. Dollars, unless otherwise specified. During the year ended December 31, 2022, the Company changed its presentation currency from Canadian Dollars to U.S. Dollars. The change in presentation currency is to improve investors’ ability to compare the Company’s financial results with other publicly traded businesses in the exploration industry.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The functional currency of enCore Energy Corp. is the Canadian Dollar. The functional currency of the Company’s subsidiaries is the U.S. Dollar based on the currency of the primary economic environment in which these subsidiaries operate.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Exchange differences arising on the translation of monetary items or on settlement of monetary items are recognized in profit or 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 loss in the consolidated statement of loss and comprehensive loss to the extent that gains and losses arising on those non-monetary items are also recognized in other comprehensive loss. Where the non-monetary gain or loss is recognized in profit or loss, the exchange component is also recognized in profit or loss.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">On consolidation, the parent Company’s financial statements are translated into the presentation currency, being the U.S. Dollar. Assets and liabilities are translated at the period-end exchange rate. Income and expenses are translated at the average exchange rate for the period in which they arise. Exchange differences are recognized in accumulated comprehensive loss as a separate component within equity.</p>
</ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory>
<cve:DescriptionOfAccountingPolicyForBasisOfConsolidationtextBlock contextRef="c0" id="ixv-4213">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><b>Consolidation</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">These financial statements incorporate the financial statements of the Company and its controlled subsidiaries. Control is defined as the exposure, or rights, to variable returns from involvement with an investee and the ability to affect those returns through power over the investee. Power over an investee exists when an investor has existing rights that give it the ability to direct the activities that significantly affect the investee’s returns. This control is generally evidenced through owning more than 50% of the voting rights or currently exercisable potential voting rights of a Company’s share capital. All significant intercompany transactions and balances have been eliminated.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">These consolidated financial statements include the financial statements of the Company and its significant subsidiaries listed in the following table:</p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Name of</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Subsidary</b></p></td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Place of</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Incorporation</b></p></td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Ownership</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Interest</b></p></td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Principal</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Activity</b></p></td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>Functional</b></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>Currency</b></p></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 28%; text-align: center; padding-left: 4.8pt">Tigris Uranium US Corp.</td><td style="width: 1%"> </td> <td style="width: 25%; text-align: center; padding-left: 2.7pt">Nevada, USA</td><td style="width: 1%"> </td> <td style="width: 9%; text-align: center; padding-left: 9.95pt">100%</td><td style="width: 1%"> </td> <td style="width: 25%; text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td style="width: 1%"> </td> <td style="width: 9%; text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt">Metamin Enterprises US Inc.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Nevada, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">URI, Inc.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Delaware, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt"><span style="font-size: 10pt">Neutron Energy, Inc. <sup>3</sup></span></td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Nevada, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt"><div style="-sec-ix-hidden: hidden-fact-126">N/A</div></td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">Uranco, Inc.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Delaware, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt"><span style="font-size: 10pt">Uranium Resources, Inc. <sup>2</sup></span></td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Delaware, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt"><div style="-sec-ix-hidden: hidden-fact-127">N/A</div></td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">HRI-Churchrock, Inc.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Delaware, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt"><span style="font-size: 10pt">Hydro Restoration Corp. <sup>1</sup></span></td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Delaware, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt"><div style="-sec-ix-hidden: hidden-fact-128">N/A</div></td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt"><span style="font-size: 10pt">Belt Line Resources, Inc.<sup>1</sup></span></td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Texas, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt"><div style="-sec-ix-hidden: hidden-fact-129">N/A</div></td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt">enCore Energy US Corp.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Nevada, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 1.25pt">Holding Company</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">Azarga Uranium Corp.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">British Columbia, CA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt">Powertech (USA) Inc.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">South Dakota, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">URZ Energy Corp.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">British Columbia, CA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt">Ucolo Exploration Corp.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Utah, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">enCore Alta Mesa LLC</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Texas, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt">Leoncito Plant, LLC</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Texas, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">Leoncito Restoration, LLC</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Texas, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt">Leoncito Project, LLC</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Texas, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">Azarga Resources Limited</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">British Virgin Islands</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt">Azarga Resources (Hong Kong) Ltd.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Hong Kong</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">Azarga Resources USA Company</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Colorado, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-bottom: 1.5pt; padding-left: 4.8pt">Azarga Resources Canada Ltd.</td><td> </td> <td style="text-align: center; padding-bottom: 1.5pt; padding-left: 2.7pt">British Columbia, CA</td><td> </td> <td style="text-align: center; padding-bottom: 1.5pt; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-bottom: 1.5pt; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center; padding-bottom: 1.5pt">USD</td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left"><sup>1</sup></td><td style="text-align: justify">Hydro Restoration Corp. and Belt Line Resources, Inc. were divested in April 2023 (Note 4,9).</td> </tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left"><sup>2</sup></td><td style="text-align: justify">Uranium Resources, Inc. was dissolved during the year.</td> </tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left"><sup>3</sup></td><td style="text-align: justify">Neutron Energy, Inc. was divested in July 2023 (Note 4,9).</td> </tr></table>
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<ifrs-full:PercentageOfVotingEquityInterestsAcquired contextRef="c2" decimals="2" id="ixv-12365" unitRef="pure"> 0.50 </ifrs-full:PercentageOfVotingEquityInterestsAcquired>
<ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory contextRef="c0" id="ixv-12366">
These consolidated financial statements include the financial statements of the Company and its significant subsidiaries listed in the following table:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Name of</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Subsidary</b></p></td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Place of</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Incorporation</b></p></td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Ownership</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Interest</b></p></td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Principal</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Activity</b></p></td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>Functional</b></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>Currency</b></p></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 28%; text-align: center; padding-left: 4.8pt">Tigris Uranium US Corp.</td><td style="width: 1%"> </td> <td style="width: 25%; text-align: center; padding-left: 2.7pt">Nevada, USA</td><td style="width: 1%"> </td> <td style="width: 9%; text-align: center; padding-left: 9.95pt">100%</td><td style="width: 1%"> </td> <td style="width: 25%; text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td style="width: 1%"> </td> <td style="width: 9%; text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt">Metamin Enterprises US Inc.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Nevada, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">URI, Inc.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Delaware, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt"><span style="font-size: 10pt">Neutron Energy, Inc. <sup>3</sup></span></td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Nevada, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt"><div style="-sec-ix-hidden: hidden-fact-126">N/A</div></td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">Uranco, Inc.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Delaware, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt"><span style="font-size: 10pt">Uranium Resources, Inc. <sup>2</sup></span></td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Delaware, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt"><div style="-sec-ix-hidden: hidden-fact-127">N/A</div></td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">HRI-Churchrock, Inc.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Delaware, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt"><span style="font-size: 10pt">Hydro Restoration Corp. <sup>1</sup></span></td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Delaware, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt"><div style="-sec-ix-hidden: hidden-fact-128">N/A</div></td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt"><span style="font-size: 10pt">Belt Line Resources, Inc.<sup>1</sup></span></td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Texas, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt"><div style="-sec-ix-hidden: hidden-fact-129">N/A</div></td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt">enCore Energy US Corp.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Nevada, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 1.25pt">Holding Company</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">Azarga Uranium Corp.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">British Columbia, CA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt">Powertech (USA) Inc.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">South Dakota, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">URZ Energy Corp.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">British Columbia, CA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt">Ucolo Exploration Corp.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Utah, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">enCore Alta Mesa LLC</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Texas, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt">Leoncito Plant, LLC</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Texas, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">Leoncito Restoration, LLC</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Texas, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt">Leoncito Project, LLC</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Texas, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">Azarga Resources Limited</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">British Virgin Islands</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-left: 4.8pt">Azarga Resources (Hong Kong) Ltd.</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Hong Kong</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-left: 4.8pt">Azarga Resources USA Company</td><td> </td> <td style="text-align: center; padding-left: 2.7pt">Colorado, USA</td><td> </td> <td style="text-align: center; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center">USD</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-bottom: 1.5pt; padding-left: 4.8pt">Azarga Resources Canada Ltd.</td><td> </td> <td style="text-align: center; padding-bottom: 1.5pt; padding-left: 2.7pt">British Columbia, CA</td><td> </td> <td style="text-align: center; padding-bottom: 1.5pt; padding-left: 9.95pt">100%</td><td> </td> <td style="text-align: center; padding-bottom: 1.5pt; padding-left: 0.55pt">Mineral Exploration</td><td> </td> <td style="text-align: center; padding-bottom: 1.5pt">USD</td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left"><sup>1</sup></td><td style="text-align: justify">Hydro Restoration Corp. and Belt Line Resources, Inc. were divested in April 2023 (Note 4,9).</td> </tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left"><sup>2</sup></td><td style="text-align: justify">Uranium Resources, Inc. was dissolved during the year.</td> </tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left"><sup>3</sup></td><td style="text-align: justify">Neutron Energy, Inc. was divested in July 2023 (Note 4,9).</td> </tr></table>
</ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory>
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<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="c36" decimals="2" id="ixv-12368" unitRef="pure"> 1 </ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
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<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="c40" decimals="2" id="ixv-12383" unitRef="pure"> 1 </ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
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<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="c45" decimals="2" id="ixv-12400" unitRef="pure"> 1 </ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<cve:NameofSubsidaryPrincipalActivity contextRef="c45" id="ixv-12401"> Holding Company </cve:NameofSubsidaryPrincipalActivity>
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<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="c46" decimals="2" id="ixv-12404" unitRef="pure"> 1 </ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
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<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="c47" decimals="2" id="ixv-12408" unitRef="pure"> 1 </ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<cve:NameofSubsidaryPrincipalActivity contextRef="c47" id="ixv-12409"> Mineral Exploration </cve:NameofSubsidaryPrincipalActivity>
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<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="c48" decimals="2" id="ixv-12412" unitRef="pure"> 1 </ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<cve:NameofSubsidaryPrincipalActivity contextRef="c48" id="ixv-12413"> Mineral Exploration </cve:NameofSubsidaryPrincipalActivity>
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<cve:NameofSubsidaryPlaceOfIncorporation contextRef="c49" id="ixv-12415"> Utah, USA </cve:NameofSubsidaryPlaceOfIncorporation>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="c49" decimals="2" id="ixv-12416" unitRef="pure"> 1 </ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<cve:NameofSubsidaryPrincipalActivity contextRef="c49" id="ixv-12417"> Mineral Exploration </cve:NameofSubsidaryPrincipalActivity>
<cve:NameofSubsidaryFunctionalCurrency contextRef="c49" id="ixv-12418"> USD </cve:NameofSubsidaryFunctionalCurrency>
<cve:NameofSubsidaryPlaceOfIncorporation contextRef="c50" id="ixv-12419"> Texas, USA </cve:NameofSubsidaryPlaceOfIncorporation>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="c50" decimals="2" id="ixv-12420" unitRef="pure"> 1 </ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<cve:NameofSubsidaryPrincipalActivity contextRef="c50" id="ixv-12421"> Mineral Exploration </cve:NameofSubsidaryPrincipalActivity>
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<cve:NameofSubsidaryPlaceOfIncorporation contextRef="c51" id="ixv-12423"> Texas, USA </cve:NameofSubsidaryPlaceOfIncorporation>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="c51" decimals="2" id="ixv-12424" unitRef="pure"> 1 </ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<cve:NameofSubsidaryPrincipalActivity contextRef="c51" id="ixv-12425"> Mineral Exploration </cve:NameofSubsidaryPrincipalActivity>
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<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="c52" decimals="2" id="ixv-12428" unitRef="pure"> 1 </ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<cve:NameofSubsidaryPrincipalActivity contextRef="c52" id="ixv-12429"> Mineral Exploration </cve:NameofSubsidaryPrincipalActivity>
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<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="c53" decimals="2" id="ixv-12432" unitRef="pure"> 1 </ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<cve:NameofSubsidaryPrincipalActivity contextRef="c53" id="ixv-12433"> Mineral Exploration </cve:NameofSubsidaryPrincipalActivity>
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<cve:NameofSubsidaryPlaceOfIncorporation contextRef="c54" id="ixv-12435"> British Virgin Islands </cve:NameofSubsidaryPlaceOfIncorporation>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="c54" decimals="2" id="ixv-12436" unitRef="pure"> 1 </ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<cve:NameofSubsidaryPrincipalActivity contextRef="c54" id="ixv-12437"> Mineral Exploration </cve:NameofSubsidaryPrincipalActivity>
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<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="c55" decimals="2" id="ixv-12440" unitRef="pure"> 1 </ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<cve:NameofSubsidaryPrincipalActivity contextRef="c55" id="ixv-12441"> Mineral Exploration </cve:NameofSubsidaryPrincipalActivity>
<cve:NameofSubsidaryFunctionalCurrency contextRef="c55" id="ixv-12442"> USD </cve:NameofSubsidaryFunctionalCurrency>
<cve:NameofSubsidaryPlaceOfIncorporation contextRef="c56" id="ixv-12443"> Colorado, USA </cve:NameofSubsidaryPlaceOfIncorporation>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="c56" decimals="2" id="ixv-12444" unitRef="pure"> 1 </ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<cve:NameofSubsidaryPrincipalActivity contextRef="c56" id="ixv-12445"> Mineral Exploration </cve:NameofSubsidaryPrincipalActivity>
<cve:NameofSubsidaryFunctionalCurrency contextRef="c56" id="ixv-12446"> USD </cve:NameofSubsidaryFunctionalCurrency>
<cve:NameofSubsidaryPlaceOfIncorporation contextRef="c57" id="ixv-12447"> British Columbia, CA </cve:NameofSubsidaryPlaceOfIncorporation>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="c57" decimals="2" id="ixv-12448" unitRef="pure"> 1 </ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<cve:NameofSubsidaryPrincipalActivity contextRef="c57" id="ixv-12449"> Mineral Exploration </cve:NameofSubsidaryPrincipalActivity>
<cve:NameofSubsidaryFunctionalCurrency contextRef="c57" id="ixv-12450"> USD </cve:NameofSubsidaryFunctionalCurrency>
<cve:DescriptionOfAccountingPolicyForCashtextBlock contextRef="c0" id="ixv-4555">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>Cash</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">Cash is comprised of cash held at banks and demand deposits.</p>
</cve:DescriptionOfAccountingPolicyForCashtextBlock>
<ifrs-full:DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory contextRef="c0" id="ixv-4563">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><b>Restricted cash</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">As of December 31, 2023, the Company deposited $7,679,859 for collateralization of its performance obligations with an unrelated third party also known as performance bonds. These funds are not available for the payment of general corporate obligations. The performance bonds are required for future restoration and reclamation obligations related to the Company’s operations. (Note 11).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt"><b> </b></p>
</ifrs-full:DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory>
<ifrs-full:DepositsFromBanks contextRef="c2" decimals="0" id="ixv-12454" unitRef="usd"> 7679859 </ifrs-full:DepositsFromBanks>
<cve:DescriptionOfAccountingPolicyForAssetRetirementObligationstextBlock contextRef="c0" id="ixv-4614">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt"><b>Asset retirement obligations</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">Various federal and state mining laws and regulations require the Company to reclaim the surface areas and restore underground water quality for its in situ recovery (ISR) projects to the pre-existing or background average quality after the completion of mining. Asset retirement obligations, consisting primarily of estimated restoration and reclamation costs at the Company’s ISR projects, are recognized in the period incurred and recorded as liabilities at fair value. Such obligations, which are initially estimated based on discounted cash flow estimates, are accreted to full value over time through charges to accretion expense. In addition, the asset retirement cost is capitalized as part of the asset’s carrying value and amortized over the life of the related asset. Asset retirement obligations are periodically adjusted to reflect changes in the estimated present value resulting from revisions to the estimated timing or amount of restoration and reclamation costs. As the Company completes its restoration and reclamation work at its properties, the liability is reduced by the carrying value of the related asset retirement liability based on completion of each restoration and reclamation activity. Any gain or loss upon settlement is charged the consolidated statement of loss in the period. The Company reviews and evaluates its asset retirement obligations annually or more frequently if deemed necessary.</p>
</cve:DescriptionOfAccountingPolicyForAssetRetirementObligationstextBlock>
<ifrs-full:DescriptionOfAccountingPolicyForAvailableforsaleFinancialAssetsExplanatory contextRef="c0" id="ixv-4622">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><b>Assets held for sale</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company classifies long-lived assets or disposal groups to be sold as held for sale in the period in which all of the following criteria are met: management commits to a plan to sell the asset or disposal group; the asset or disposal group is available for immediate sale; an active program to locate a buyer is initiated; the sale of the asset or disposal group is highly probable, within 12 months.</p>
</ifrs-full:DescriptionOfAccountingPolicyForAvailableforsaleFinancialAssetsExplanatory>
<cve:DescriptionOfAccountingPolicyForMineralPropertiestextBlock contextRef="c0" id="ixv-4630">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt"><b>Mineral properties</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">The Company has certain mineral property assets that are in the exploration stage, and records exploration and evaluation assets, which consist of the costs of acquiring licenses for the right to explore and costs associated with exploration and evaluation activity, at cost. All direct and indirect costs related to the acquisition, exploration and development of exploration and evaluation assets are capitalized by property.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">The exploration and evaluation assets are capitalized until the technical feasibility and commercial viability of the extraction of mineral resources in an area of interest are demonstrable. Exploration and evaluation assets are then assessed for impairment and reclassified to mining property on the consolidated statement of financial position. If an exploration and evaluation property interest is abandoned, both the acquisition costs and the exploration and evaluation cost will be written off to net income or loss in the period of abandonment.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">On an ongoing basis, exploration and evaluation assets are reviewed on a property-by-property basis to consider if there are any indicators of impairment, including the following:</p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.5in; text-align: left">(i)</td><td style="text-align: justify">Whether the period during which the Company has the right to explore in the specific area has expired during the year or will expire in the near future;</td> </tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.5in; text-align: left">(ii)</td><td style="text-align: justify">Whether substantive expenditure on further exploration for and evaluation of mineral resources in the specific area is neither budgeted nor planned;</td> </tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.5in; text-align: left">(iii)</td><td style="text-align: justify">Whether the Company has decided to discontinue activities in an area as the exploration and evaluation activities in the area have not led to the discovery of commercially viable quantities of mineral resources; and</td> </tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="text-align: left; width: 0.5in">(iv)</td><td style="text-align: justify">Whether sufficient data exists to indicate, although a development in a specific area is likely to proceed, the carrying amount of the exploration and evaluation asset is unlikely to be recovered in full from successful development or by sale.</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">If any indication of impairment exists, an estimate of the exploration and evaluation asset’s recoverable amount is determined. The recoverable amount is determined as the higher of the fair value less costs of disposal for the exploration and evaluation property interest and its value in use. The fair value less costs of disposal and the value in use is determined for an individual exploration and evaluation property interest, unless the exploration and evaluation property interest does not generate cash inflows that are largely independent of other exploration and evaluation property interests. If this is the case, the exploration and evaluation property interests are grouped together into cash generating units (“CGUs”) for impairment purposes. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount and the impairment loss is recognized in net income or loss for the period. Where an impairment subsequently reverses, the carrying amount of the asset (or CGU) is increased to the revised estimate of its recoverable amount, but to an amount that does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset (or CGU) in prior periods. A reversal of an impairment loss is recognized in the period in which that determination was made in net income or loss.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p>
</cve:DescriptionOfAccountingPolicyForMineralPropertiestextBlock>
<cve:DescriptionOfAccountingPolicyForInvestmentsInUraniumtextBlock contextRef="c0" id="ixv-4716">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><b>Investments in uranium</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Investments in uranium are initially recorded at cost, on the date that control of the uranium passes to the Company. Cost is calculated as the purchase price and any directly attributable expenditure. Subsequent to initial recognition, investments in uranium are measured at fair value at each reporting period end. Fair value is determined based on the most recent month-end spot prices for uranium published by UxC LLC (“UxC”). Related fair value gains and losses subsequent to initial recognition are recorded in the consolidated statement of loss and comprehensive loss as a component of “Other Income (Expense)” in the period in which they arise.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In 2022, the Company entered into fixed price agreements for future purchases of uranium. These agreements required the Company to make a deposit at the time of contract execution toward its future purchase. These deposits are recorded on the Company’s statement of financial position in accordance with IFRS 9. The deposit was fully applied in 2023 and now has a balance of <span style="-sec-ix-hidden: hidden-fact-130">nil</span>.</p>
</cve:DescriptionOfAccountingPolicyForInvestmentsInUraniumtextBlock>
<ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates contextRef="c0" id="ixv-4727">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Investments in associates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Investments in associates are accounted for using the equity method. The equity method involves the recording of the initial investment at cost and the subsequent adjusting of the carrying value of the investment for the Company’s proportionate share of the earnings or loss. The cost of the investment includes transaction costs.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Adjustments are made to align the accounting policies of the associate with those of the Company before applying the equity method. When the Company’s share of losses exceeds its interest in an equity-accounted investee, the carrying amount of that interest is reduced to zero, and the recognition of further losses is discontinued except to the extent that the Company has incurred legal or constructive obligations or made payments on behalf of the associate. If the associate subsequently reports profits, the Company resumes recognizing its share of those profits only after its share of the profits equals the share of losses not recognized.</p>
</ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates>
<ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory contextRef="c0" id="ixv-4739">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Property, plant and equipment</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Useful lives are based on the Company’s estimate at the date of acquisition and are as follows for each class of assets:</p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; "> <td style="border-bottom: Black 1.5pt solid; width: 50%; font-weight: bold; text-align: center">Category</td><td style="text-align: center; width: 1%; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-right: 0pt; width: 49%; font-weight: bold; text-align: center">Range</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Uranium Plants</td><td> </td> <td style="padding-right: 0pt; text-align: left; padding-left: 0pt; text-indent: 0pt">Straight-line over 15-25 years</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Other Property Plant and Equipment</td><td> </td> <td style="padding-right: 0pt; text-align: justify; padding-left: 0pt; text-indent: 0pt">Straight-line over 3-5 years</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Software</td><td> </td> <td style="padding-right: 0pt; text-align: justify; padding-left: 0pt; text-indent: 0pt">Straight-line over 2-3 years</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Furniture</td><td> </td> <td style="padding-right: 0pt; text-align: justify; padding-left: 0pt; text-indent: 0pt">Straight-line over 3-5 years</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Buildings</td><td> </td> <td style="padding-right: 0pt; text-align: left; padding-left: 0pt; text-indent: 0pt">Straight-line over 10-40 years</td></tr> </table>
</ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory>
<cve:DisclosureOfUsefulLivesOfPropertyPlantAndEquipementTextBlock contextRef="c0" id="ixv-12455">
Useful lives are based on the Company’s estimate at the date of acquisition and are as follows for each class of assets:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; "> <td style="border-bottom: Black 1.5pt solid; width: 50%; font-weight: bold; text-align: center">Category</td><td style="text-align: center; width: 1%; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-right: 0pt; width: 49%; font-weight: bold; text-align: center">Range</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Uranium Plants</td><td> </td> <td style="padding-right: 0pt; text-align: left; padding-left: 0pt; text-indent: 0pt">Straight-line over 15-25 years</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Other Property Plant and Equipment</td><td> </td> <td style="padding-right: 0pt; text-align: justify; padding-left: 0pt; text-indent: 0pt">Straight-line over 3-5 years</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Software</td><td> </td> <td style="padding-right: 0pt; text-align: justify; padding-left: 0pt; text-indent: 0pt">Straight-line over 2-3 years</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Furniture</td><td> </td> <td style="padding-right: 0pt; text-align: justify; padding-left: 0pt; text-indent: 0pt">Straight-line over 3-5 years</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Buildings</td><td> </td> <td style="padding-right: 0pt; text-align: left; padding-left: 0pt; text-indent: 0pt">Straight-line over 10-40 years</td></tr> </table>
</cve:DisclosureOfUsefulLivesOfPropertyPlantAndEquipementTextBlock>
<cve:PropertyPlantAndEquipmentRange contextRef="c58" id="ixv-12456"> P15Y </cve:PropertyPlantAndEquipmentRange>
<cve:PropertyPlantAndEquipmentRange contextRef="c59" id="ixv-12457"> P25Y </cve:PropertyPlantAndEquipmentRange>
<cve:PropertyPlantAndEquipmentRange contextRef="c60" id="ixv-12458"> P3Y </cve:PropertyPlantAndEquipmentRange>
<cve:PropertyPlantAndEquipmentRange contextRef="c61" id="ixv-12459"> P5Y </cve:PropertyPlantAndEquipmentRange>
<cve:PropertyPlantAndEquipmentRange contextRef="c62" id="ixv-12460"> P2Y </cve:PropertyPlantAndEquipmentRange>
<cve:PropertyPlantAndEquipmentRange contextRef="c63" id="ixv-12461"> P3Y </cve:PropertyPlantAndEquipmentRange>
<cve:PropertyPlantAndEquipmentRange contextRef="c64" id="ixv-12462"> P3Y </cve:PropertyPlantAndEquipmentRange>
<cve:PropertyPlantAndEquipmentRange contextRef="c65" id="ixv-12463"> P5Y </cve:PropertyPlantAndEquipmentRange>
<cve:PropertyPlantAndEquipmentRange contextRef="c66" id="ixv-12464"> P10Y </cve:PropertyPlantAndEquipmentRange>
<cve:PropertyPlantAndEquipmentRange contextRef="c67" id="ixv-12465"> P40Y </cve:PropertyPlantAndEquipmentRange>
<cve:DescriptionOfAccountingPolicyForUraniumPlantstextBlock contextRef="c0" id="ixv-4776">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>Uranium plants</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Uranium plant expenditures for new facilities or equipment and expenditures that extend the useful lives of existing facilities or equipment are capitalized and recorded at cost. Depreciation of uranium plants is computed based upon the estimated useful lives of the assets. Repair and maintenance costs are expensed as incurred. Gain or loss on disposal of such assets is recorded as other income or expense as such assets are disposed.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p>
</cve:DescriptionOfAccountingPolicyForUraniumPlantstextBlock>
<cve:DescriptionOfAccountingPolicyForOtherPropertyPlantAndEquipmenttextBlock contextRef="c0" id="ixv-4827">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Other property, plant and equipment and furniture</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Other property, plant and equipment consists of office equipment, and transportation equipment. Depreciation on other property, plant and equipment and furniture is computed based upon the estimated useful lives of the assets. Repairs and maintenance costs are expensed as incurred. Gain or loss on disposal of such assets is recorded as other income or expense as such assets are disposed.</p>
</cve:DescriptionOfAccountingPolicyForOtherPropertyPlantAndEquipmenttextBlock>
<cve:DescriptionOfAccountingPolicyForBuildingtextBlock contextRef="c0" id="ixv-4836">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>Buildings</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Depreciation on buildings is computed based upon the estimated useful lives of the asset. Repairs and maintenance costs are expensed as incurred. Gain or loss on disposal of such assets is recorded as other income or expense as such assets are disposed.</p>
</cve:DescriptionOfAccountingPolicyForBuildingtextBlock>
<cve:DescriptionOfAccountingPolicyForSoftwaretextBlock contextRef="c0" id="ixv-4843">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Software</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Software acquired in the normal course of business through a perpetual license is capitalized and depreciated over the estimated useful life of the asset. Support and maintenance costs are expensed as incurred. Gain or loss on disposal of such assets is recorded as other income or expense as such assets are disposed.</p>
</cve:DescriptionOfAccountingPolicyForSoftwaretextBlock>
<ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory contextRef="c0" id="ixv-4851">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Intangible assets</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Intangible assets are recognized and measured at cost. Intangible assets with indefinite useful lives are assessed for impairment annually and whenever there is an indication that the intangible asset may be impaired. Intangible assets that have finite useful lives are amortized over their estimated remaining useful lives. Amortization methods and useful lives are reviewed at each reporting period and are adjusted if appropriate.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Useful lives are based on the Company’s estimate at the date of acquisition and are as follows for each class of assets:</p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; "> <td style="border-bottom: Black 1.5pt solid; width: 50%; font-weight: bold; text-align: left">Category</td><td style="text-align: center; width: 1%; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 49%; font-weight: bold; text-align: center">Range</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Data Access Agreement</td><td> </td> <td style="text-align: left; padding-left: 0pt">Straight-line over 14 years</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Data Purchases</td><td> </td> <td style="text-align: left; padding-left: 0pt">Indefinite life intangible asset</td></tr> </table>
</ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory>
<ifrs-full:DisclosureOfIntangibleAssetsWithIndefiniteUsefulLifeExplanatory contextRef="c0" id="ixv-12466">
Useful lives are based on the Company’s estimate at the date of acquisition and are as follows for each class of assets:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; "> <td style="border-bottom: Black 1.5pt solid; width: 50%; font-weight: bold; text-align: left">Category</td><td style="text-align: center; width: 1%; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 49%; font-weight: bold; text-align: center">Range</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Data Access Agreement</td><td> </td> <td style="text-align: left; padding-left: 0pt">Straight-line over 14 years</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Data Purchases</td><td> </td> <td style="text-align: left; padding-left: 0pt">Indefinite life intangible asset</td></tr> </table>
</ifrs-full:DisclosureOfIntangibleAssetsWithIndefiniteUsefulLifeExplanatory>
<cve:CategoryRange contextRef="c68" id="ixv-12467"> Straight-line over 14 years </cve:CategoryRange>
<cve:CategoryRange contextRef="c69" id="ixv-12468"> Indefinite life intangible asset </cve:CategoryRange>
<ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory contextRef="c0" id="ixv-4878">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Impairment of non-financial assets</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">At the end of each reporting period, the Company’s assets are reviewed to determine whether there is any indication that those assets may be impaired. If such an indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment, if any. The recoverable amount is the higher of fair value less costs of disposal and the value in use. 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. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects a current market assessment of the time value of money and the risks specific to the asset. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount and the impairment loss is recognized in profit or loss for the period. For an asset that does not generate largely independent cash flows, the recoverable amount is determined for the cash generating unit to which the asset belongs. When an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but to an amount that does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset (or cash generating unit) in prior years. A reversal of an impairment loss is recognized immediately in profit or loss.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p>
</ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory contextRef="c0" id="ixv-4926">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Leases</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In accordance with IFRS 16, the Company recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset represents the Company’s right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Right-of-use assets and lease liabilities are recognized at the commencement date of the lease based on the present value of lease payments over the lease term.</p>
</ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory contextRef="c0" id="ixv-4934">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Current and deferred income tax</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Income tax expense comprises current and deferred tax. Income tax is recognized in profit or loss except to the extent that it relates to items recognized directly in equity. Current tax expense is the expected tax payable on taxable income for the year, using tax rates enacted or substantively enacted at period end, adjusted for amendments to tax payable with regards to previous years.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Deferred tax is recorded using the liability method, providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Temporary differences are not provided for the initial recognition of assets or liabilities that do not affect either accounting or taxable loss or those differences relating to investments in subsidiaries to the extent that they are not probable to reverse in the foreseeable future. The amount of deferred tax provided is based on the expected manner of realization or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantively enacted at the date of the statement of financial position.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">A deferred tax asset is recognized only to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. To the extent that the Company does not consider it probable that a deferred tax asset will be recovered, it is not recorded.</p>
</ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory>
<cve:DescriptionOfAccountingPolicyForRecoveryOfDeferredTaxAssetsTextBlock contextRef="c0" id="ixv-4951">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Recovery of deferred tax assets </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Judgment is required in determining whether deferred tax assets are recognized in the statement of financial position. Deferred tax assets, including those arising from unutilized tax losses, require management to assess the likelihood that the Company will generate taxable earnings in future periods in order to utilize recognized deferred tax assets. Estimates of future taxable income are based on forecast cash flows from operations and the application of existing tax laws in each jurisdiction. To the extent that future cash flows and taxable income differ significantly from estimates, the ability of the Company to realize the net deferred tax assets recorded at the date of the statement of financial position could be impacted. Additionally, future changes in tax laws in the jurisdictions in which the Company operates could limit the ability of the Company to obtain tax deductions in future periods. The Company has not recorded any deferred tax assets.</p>
</cve:DescriptionOfAccountingPolicyForRecoveryOfDeferredTaxAssetsTextBlock>
<ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory contextRef="c0" id="ixv-4959">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Loss per share</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company presents basic and diluted loss per share (“EPS”) data for its common shares. Basic EPS is calculated by dividing the loss of the Company by the weighted average number of common shares outstanding during the year, adjusted for own shares held. Diluted EPS is determined by dividing the loss attributable to common shareholders by the weighted average number of common shares outstanding, adjusted for own shares held and for the effects of all potential dilutive common shares related to outstanding stock options and warrants issued by the Company for the years presented, except if their inclusion proves to be anti-dilutive.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p>
</ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory contextRef="c0" id="ixv-5008">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Share-based payments</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The fair value of all stock options granted to directors, officers, and employees is recorded as a charge to operations and a credit to contributed surplus. The fair value of these stock options is measured at the grant date using the Black-Scholes option pricing model. The fair value of stock options which vest immediately is recorded at the grant date. For stock options which vest in the future, the fair value of stock options, as adjusted for the expected level of vesting of the stock options and the number of stock options which ultimately vest, is recognized over the vesting period. Stock options granted to non-employees are measured at the fair value of goods or services rendered or at the fair value of the instruments issued if it is determined that the fair value of the goods or services received cannot be reliably measured. The number of shares and options expected to vest is reviewed and adjusted at the end of each reporting period such that the amount recognized for services received as consideration for the equity instruments granted shall be based on the number of equity instruments that eventually vest.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Warrants issued to brokers are measured at their fair value on the vesting date and are recognized as a deduction from equity and credited to contributed surplus. The fair value of stock options and warrants issued to brokers are estimated using the Black-Scholes option pricing model. Any consideration received on the exercise of stock options and/or warrants, together with the related portion of contributed surplus, is credited to share capital.</p>
</ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForWarrantsExplanatory contextRef="c0" id="ixv-5019">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Warrants issued in equity financing transactions</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company engages in equity financing transactions to obtain the funds necessary to continue operations and explore its exploration and evaluation assets. These equity financing transactions may involve the issuance of common shares or units. Each unit comprises of a certain number of common shares and a certain number of share purchase warrants.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Depending on the terms and conditions of each equity financing agreement, the Warrants are exercisable into additional common shares at a price prior to expiry as stipulated by the agreement. Warrants that are part of units are valued based on the residual value method. Warrants that are issued as payment for agency fees or other transactions costs are accounted for as share-based payments.</p>
</ifrs-full:DescriptionOfAccountingPolicyForWarrantsExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory contextRef="c0" id="ixv-5030">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Financial instruments</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Financial assets and liabilities are recognized when the Company becomes a party to the contractual provisions of the instrument. Financial assets and liabilities are recognized when the rights to receive or obligation to pay cash flows from the assets or liabilities have expired or been settled or have been transferred and the Company has transferred substantially all risks and rewards of ownership.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company classifies its financial instruments in the following categories: at fair value through profit and loss (“FVTPL”), at fair value through other comprehensive 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. 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 consolidated statements of loss and comprehensive loss in the period in which they arise.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></p>
</ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory contextRef="c0" id="ixv-5084">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Impairment of financial assets at amortized cost</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">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 the consolidated statement of loss for the period.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">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 the consolidated statement of 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.</p>
</ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory contextRef="c0" id="ixv-5095">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Derecognition of financial assets</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">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 the associated risks and rewards of ownership to another entity. Gains and losses on derecognition are generally recognized in profit or loss.</p>
</ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory contextRef="c0" id="ixv-5102">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Derivative financial assets</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Warrants are classified as derivative financial assets and are recorded at FVTPL. Warrants without an active market that are received as attachments to common share units are initially recorded at nominal amounts. At the time of purchase the total unit cost is allocated in full to each common share. Subsequent value is determined at measurement date using a valuation technique, such as the Black-Scholes option pricing model, or when the valuation technique input variables are not reliable, using the intrinsic value, which is equal to the higher of the market value of the underlying security, less the exercise price of the warrant, or zero.</p>
</ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory>
<cve:DescriptionOfAccountingPolicyForNewStandardsAndInterpretationsNotYetAdoptedtextBlock contextRef="c0" id="ixv-5111">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Newly adopted accounting standards and interpretations</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Effective for annual reporting periods beginning on or after January 1, 2023, the Company adopted the following amendments:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Disclosure of Accounting Policies (Amendments to IAS 1 and IFRS Practice Statement 2) – the amendments require that an entity discloses its material accounting policies, instead of its significant accounting policies. Further amendments explain how an entity can identify a material accounting policy.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Definition of Accounting Estimates (Amendments to IAS 8) – the amendments replace the definition of a change in accounting estimates with a definition of accounting estimates. Under the new definition, accounting estimates are “monetary amounts in financial statements that are subject to measurement uncertainty.” Entities develop accounting estimates if accounting policies require items in financial statements to be measured in a way that involves measurement uncertainty. The amendments clarify that a change in accounting estimate that results from new information or new developments is not the correction of an error.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The adoption of these amendments did not have a material impact on the results of its operations and financial position.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p>
</cve:DescriptionOfAccountingPolicyForNewStandardsAndInterpretationsNotYetAdoptedtextBlock>
<ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory contextRef="c0" id="ixv-5169">
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"></td><td style="text-align: justify"><b>Use of estimates</b></td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The preparation of financial statements in conformity with IFRS Accounting Standards requires management to make estimates, assumptions, and judgment in applying its accounting policies and estimates and assumptions about the future. Estimates and other judgments are continuously evaluated and are based on management’s experience and other factors, including expectations about future events that are believed to be reasonable under the circumstances. Although management uses historical experience and its best knowledge of the expected amounts, events or actions to form the basis for estimates, actual results may differ from these estimates.</p>
</ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory>
<cve:DisclosureOfChangesInAccountingPoliciesCriticalAccountingEstimatesPolicyTextBlock contextRef="c0" id="ixv-5182">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Critical accounting estimates:</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>The assessment of the recoverable amount of mineral properties as a result of impairment indicators – </b>When indicators of impairment are identified, recoverable amount calculations are based either on discounted estimated future cash flows or on comparable recent transactions. The assumptions used are based on management’s best estimates of what an independent market participant would consider appropriate. Changes in these assumptions may alter the results of impairment testing, the amount of the impairment charges recorded in the statement of loss and comprehensive loss and the resulting carrying values of assets.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Asset retirement obligations - </b>Significant estimates were utilized in determining future costs to complete groundwater restoration, plugging and abandonment of wellfields and surface reclamation at the Company’s uranium sites. Estimating future costs can be difficult and unpredictable as they are based principally on current legal and regulatory requirements and ISR site closure plans that may change materially. The laws and regulations governing ISR site closure and remediation in a particular jurisdiction are subject to review at any time and may be amended to impose additional requirements and conditions which may cause our provisions for environmental liabilities to be underestimated and could materially affect our financial position or results of operations. Estimates of future asset retirement obligation costs are also subject to operational risks such as acceptability of treatment techniques or other operational changes.</p>
</cve:DisclosureOfChangesInAccountingPoliciesCriticalAccountingEstimatesPolicyTextBlock>
<cve:DisclosureOfChangesInAccountingPoliciesCriticalAccountingJudgmentsPolicyTextBlock contextRef="c0" id="ixv-5196">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Critical accounting judgments:</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>The assessment of indicators of impairment for mineral properties - </b>The Company follows the guidance of IFRS 6 to determine when a mineral property asset is impaired. This determination requires significant judgment. In making this judgment, the Company evaluates, among other factors, the results of exploration and evaluation activities to date and the Company’s future plans to explore and evaluate a mineral property.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Valuation of acquired mineral properties – </b>The valuation of mineral properties acquired by the Company requires significant judgement. Acquired mineral properties are valued at their fair market value which can require significant estimates in future cash flows, production, and timing.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Business combinations and divestments - </b>The determination of whether a set of assets acquired and liabilities assumed constitute a business may require the Company to make certain judgments, taking into account all facts and circumstances. A business is presumed to be an integrated set of activities and assets capable of being conducted and managed for the purpose of providing a return in the form of dividends, lower costs or economic benefits. The acquisition of Alta Mesa on February 14, 2023 (Note 8) was determined to constitute an acquisition of assets.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company completed two transactions in 2023 to divest of non-core assets that resulted in receipt of marketable securities (Note 4). Neither of these transactions led to the Company holding significant influence according to the definition of IAS 28 Investments in Associates, accordingly, they were accounted for as equity investments with the fair value of the securities on the transaction date being recorded on the Company’s Statement of Financial Position.</p>
</cve:DisclosureOfChangesInAccountingPoliciesCriticalAccountingJudgmentsPolicyTextBlock>
<ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory contextRef="c0" id="ixv-5249">
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><b>3.</b></td><td style="text-align: justify"><b>Uranium contracts</b></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Investments in uranium are categorized in Level 1 of the fair value hierarchy (Note 15).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The following table summarizes the fair value of the physical uranium investment:</p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Investment in uranium <br/>$</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Quantity <br/>in pounds (lbs)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Balance, December 31, 2021</td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">4,210,000</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">100,000</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Sale of uranium investment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,245,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(100,000</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Gain on sale of uranium</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">35,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; text-indent: 0pt; padding-left: 0pt">Balance, December 31, 2022</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right"><div style="-sec-ix-hidden: hidden-fact-131">-</div></td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right"><div style="-sec-ix-hidden: hidden-fact-132">-</div></td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Investment in uranium</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19,572,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">400,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Sale of uranium investment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(22,148,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(400,000</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Gain on sale of uranium</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,575,500</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; padding-bottom: 4pt; text-indent: 0pt; padding-left: 0pt">Balance, December 31, 2023</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-133">-</div></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-134">-</div></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">During the year ended December 31, 2023, the Company bought and sold 400,000 lbs of U<sub>3</sub>O<sub>8 </sub>(December 31, 2022: 100,000 lbs) and recognized a gain of $2,575,500 (December 31, 2022: $35,000).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>Deposits on uranium investment</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In 2022, the Company entered into two uranium concentrates purchase agreements with an unrelated third party to purchase 300,000 pounds of uranium concentrates from the seller for total consideration of $13,650,000 ($45.33/lb average). The contracts required initial deposits of $3,000,000 cumulative, which was paid in 2022, and final payment totaling $10,650,000 in 2023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Sales contracts</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In 2021, the Company entered into several contracts with traders and nuclear utilities. These contracts are designed to retain exposure to spot pricing while also incorporating minimum floor and maximum ceiling prices, which are adjusted annually for inflation. The minimum floor prices are set to ensure a reasonable margin over the Company’s expected operational costs, allowing for participation in potential increases in uranium prices.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">As of December 31, 2023, uranium sales contracts over the next five years are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-weight: bold">Year</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Sales Commitments in Pounds</b></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-align: left">2024</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">720,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">700,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2026</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">700,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">650,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">2028</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">200,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Loan agreements</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span>In December 2023 the Company entered into a Master Transaction Agreement which included a loan agreement with Boss Energy Ltd. The master transaction agreement closed February 19, 2024 (Note 19). Pursuant to the loan agreement Boss Energy will loan the Company up to 200,000 pounds of uranium. The loan will bear interest of 9% and be repayable in 12 months in cash or uranium at the election of Boss Energy.</span></p>
</ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory>
<ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory contextRef="c0" id="ixv-12469">
The following table summarizes the fair value of the physical uranium investment:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Investment in uranium <br/>$</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Quantity <br/>in pounds (lbs)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Balance, December 31, 2021</td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">4,210,000</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">100,000</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Sale of uranium investment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,245,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(100,000</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Gain on sale of uranium</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">35,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; text-indent: 0pt; padding-left: 0pt">Balance, December 31, 2022</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right"><div style="-sec-ix-hidden: hidden-fact-131">-</div></td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right"><div style="-sec-ix-hidden: hidden-fact-132">-</div></td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Investment in uranium</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19,572,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">400,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Sale of uranium investment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(22,148,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(400,000</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Gain on sale of uranium</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,575,500</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; padding-bottom: 4pt; text-indent: 0pt; padding-left: 0pt">Balance, December 31, 2023</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-133">-</div></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-134">-</div></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table>
</ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory>
<ifrs-full:CurrentInvestments contextRef="c5" decimals="0" id="ixv-12470" unitRef="usd"> 4210000 </ifrs-full:CurrentInvestments>
<cve:InvestmentInQuantity contextRef="c5" decimals="0" id="ixv-12471" unitRef="lb"> 100000 </cve:InvestmentInQuantity>
<cve:SaleOfUraniumInvestment contextRef="c4" decimals="0" id="ixv-12472" unitRef="usd"> -4245000 </cve:SaleOfUraniumInvestment>
<cve:QuantitySaleOfUraniumInvestment contextRef="c4" decimals="0" id="ixv-12473" unitRef="lb"> -100000 </cve:QuantitySaleOfUraniumInvestment>
<cve:GainOnSaleOfUranium contextRef="c4" decimals="0" id="ixv-12474" unitRef="usd"> 35000 </cve:GainOnSaleOfUranium>
<cve:InvestmentInUranium contextRef="c0" decimals="0" id="ixv-12475" unitRef="usd"> 19572500 </cve:InvestmentInUranium>
<cve:QuantityInvestmentInUranium contextRef="c0" decimals="0" id="ixv-12476" unitRef="lb"> 400000 </cve:QuantityInvestmentInUranium>
<cve:SaleOfUraniumInvestment contextRef="c0" decimals="0" id="ixv-12477" unitRef="usd"> -22148000 </cve:SaleOfUraniumInvestment>
<cve:QuantitySaleOfUraniumInvestment contextRef="c0" decimals="0" id="ixv-12478" unitRef="lb"> -400000 </cve:QuantitySaleOfUraniumInvestment>
<cve:GainOnSaleOfUranium contextRef="c0" decimals="0" id="ixv-12479" unitRef="usd"> 2575500 </cve:GainOnSaleOfUranium>
<cve:SaleOfPhysicalUranium contextRef="c0" decimals="0" id="ixv-12480" unitRef="gbp"> 400000 </cve:SaleOfPhysicalUranium>
<cve:GrossProceeds contextRef="c4" decimals="0" id="ixv-12481" unitRef="gbp"> 100000 </cve:GrossProceeds>
<ifrs-full:GainsOnDisposalsOfInvestments contextRef="c0" decimals="0" id="ixv-12482" unitRef="usd"> 2575500 </ifrs-full:GainsOnDisposalsOfInvestments>
<ifrs-full:GainsOnDisposalsOfInvestments contextRef="c4" decimals="0" id="ixv-12483" unitRef="usd"> 35000 </ifrs-full:GainsOnDisposalsOfInvestments>
<cve:PurchaseAgreementsAmount contextRef="c4" decimals="0" id="ixv-12484" unitRef="gbp"> 300000 </cve:PurchaseAgreementsAmount>
<cve:DepositOfConsideration contextRef="c4" decimals="0" id="ixv-12485" unitRef="usd"> 13650000 </cve:DepositOfConsideration>
<cve:ConsiderationPershare contextRef="c4" decimals="2" id="ixv-12486" unitRef="gbpPershares"> 45.33 </cve:ConsiderationPershare>
<cve:InitialPayment contextRef="c4" decimals="0" id="ixv-12487" unitRef="usd"> 3000000 </cve:InitialPayment>
<cve:InvestmentAmount contextRef="c0" decimals="0" id="ixv-12488" unitRef="usd"> 10650000 </cve:InvestmentAmount>
<ifrs-full:MaturityAnalysisForDerivativeFinancialLiabilities contextRef="c0" id="ixv-12489">
As of December 31, 2023, uranium sales contracts over the next five years are as follows:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-weight: bold">Year</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Sales Commitments in Pounds</b></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-align: left">2024</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">720,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">700,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2026</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">700,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">650,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">2028</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">200,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table>
</ifrs-full:MaturityAnalysisForDerivativeFinancialLiabilities>
<cve:SalesContractsTrem contextRef="c0" id="ixv-12490"> P5Y </cve:SalesContractsTrem>
<cve:SalesCommitments contextRef="c72" decimals="0" id="ixv-12491" unitRef="gbp"> 720000 </cve:SalesCommitments>
<cve:SalesCommitments contextRef="c73" decimals="0" id="ixv-12492" unitRef="gbp"> 700000 </cve:SalesCommitments>
<cve:SalesCommitments contextRef="c74" decimals="0" id="ixv-12493" unitRef="gbp"> 700000 </cve:SalesCommitments>
<cve:SalesCommitments contextRef="c75" decimals="0" id="ixv-12494" unitRef="gbp"> 650000 </cve:SalesCommitments>
<cve:SalesCommitments contextRef="c0" decimals="0" id="ixv-12495" unitRef="gbp"> 200000 </cve:SalesCommitments>
<cve:SaleOfPhysicalUranium contextRef="c70" decimals="0" id="ixv-12496" unitRef="gbp"> 200000 </cve:SaleOfPhysicalUranium>
<cve:BearInterest contextRef="c71" decimals="2" id="ixv-12497" unitRef="pure"> 0.09 </cve:BearInterest>
<ifrs-full:DisclosureOfMarketRiskExplanatory contextRef="c0" id="ixv-5454">
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><b>4.</b></td><td style="text-align: justify"><b>Marketable securities</b></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In May 2022, the Company divested Cibola Resources, LLC to Elephant Capital (“Elephant”) pursuant to a Share Purchase Agreement whereby the Company received consideration in the form of 11,308,250 common shares with a market value of $0.27 per share. Elephant was subsequently acquired by Evolving Gold Corp., who renamed themselves American Future Fuel Corp. (“AFFC”). Accordingly, the 11,308,250 shares of Elephant were converted to 11,308,250 shares of AFFC (CSE: AMPS). The cost base of the Company’s shareholdings is $3,041,955.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">As at December 31, 2023, all of the shares held are free trading (the “Trading Shares”) or will become free trading within the next 12 months. These shares have been classified as a current asset on the consolidated statements of financial position, due to the Company’s ability to liquidate those shareholdings within the next 12 months. These shares are carried at a fair value of $2,265,794 ($0.20 per share) (December 31, 2022 - $3,924,156 ($0.35 per share)).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In October 2022, the Company received 80,000 common shares of Uravan Minerals Inc. (“Uravan”) with a market value of $0.12 per share pursuant to its previous agreement with Prime Fuels Corp. (“PFC”) to divest of the Company’s Lisbon mining claims. The agreement required that PFC pay the Company 10% of any consideration PFC received upon sale, transfer, or exchange to a third party. Uravan acquired PFC and all of the mineral claims on October 28, 2022. The cost base of the Company’s shareholdings was $9,530. The shares were classified as a current asset on the consolidated statements of financial position, due to the Company’s ability to liquidate those shareholdings within the next 12 months. On July 7, 2023, in conjunction with Uravan’s acquisition of all of the outstanding shares of Nuclear Fuels Inc, (“NFI”) these shares were converted on a 1:0.8 basis. or 64,000 common shares of Nuclear Fuels Inc.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In April 2023, the Company divested of Belt Line Resources Inc and Hydro Restoration Corp to Nuclear Fuels Inc (“NFI”) pursuant to a Share Purchase Agreement whereby the Company received consideration in the form of 8,566,975 common shares (19.9% of the total shareholding in NFI) with a market value of $0.33 per share. The Company exercised significant judgement in the assessment of the interest in NFI specifically when considering the level of decision-making authority the Company could exercise over NFI and concluded that NFI is an equity investment recorded and measured at fair value through profit and loss (FVTPL).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">During the year ended December 31, 2023, NFI was acquired by Uravan Minerals Inc., who renamed themselves Nuclear Fuels Inc. As a result of this transaction the Company received 696,825 additional shares related to a contractual top up right for a total aggregate ownership of 9,327,800 shares (19.9% of the total shareholding in NFI). The cost base of the Company’s shareholdings of NFI is $2,802,030.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">As at December 31, 2023, 3,731,120 of the shares held are free trading or will become free trading within the next 12 months. These shares have been classified as a current asset on the consolidated statements of financial position, due to the Company’s ability to liquidate those shareholdings within the next 12 months. As at December 31, 2023, 5,596,680 of the shares have been classified as a non-current asset on the consolidated statements of financial position, due to the Company’s inability to liquidate those shareholdings within the next 12 months. The fair value of the 9,327,800 Nuclear Fuels, Inc shares at December 31, 2023 is $5,077,980 ($0.544 per share).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In July 2023, the Company divested of Neutron Energy Inc. to Anfield Energy Inc. (“Anfield”) pursuant to a Share Purchase Agreement whereby the Company received consideration of C$5,000,000 and 185,000,000 common shares (19.56% of the total shareholding in Anfield). The shares were classified as a current asset on the consolidated statements of financial position, due to the Company’s ability to liquidate those shareholdings within the next 12 months. These shares are carried at a fair value of $12,589,065 ($0.068 per share).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In accordance with the Company’s material accounting policy, each of these common shares is classified as FVTPL, with gains/losses being recognized to the consolidated statements of loss and comprehensive loss.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The following table summarizes the fair value of the Company’s marketable securities at December 31, 2023:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="padding-bottom: 1.5pt; font-weight: bold; text-align: center"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Marketable securities</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Volume</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid"> current<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">non-current<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; padding-left: 1.85pt">Balance, December 31, 2021</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right"><div style="-sec-ix-hidden: hidden-fact-135"> </div></td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right"><div style="-sec-ix-hidden: hidden-fact-136">-</div></td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right"><div style="-sec-ix-hidden: hidden-fact-137">-</div></td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="width: 64%; padding-left: 1.85pt">Additions</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">11,388,250</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2,443,094</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">608,391</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 1.85pt">Change in fair value</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">848,814</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">208,591</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 1.85pt">Foreign exchange translation</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(129,547</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(32,151</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; padding-left: 1.85pt">Balance, December 31, 2022</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">11,388,250</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,162,361</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">784,831</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 1.85pt">Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,247,800</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,022,600</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,792,500</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 1.85pt">Reclass from non-current to current</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">787,559</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(787,559</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 1.85pt">Change in fair value</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,732,355</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">185,480</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 1.85pt">Foreign exchange translation</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">181,177</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">71,535</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; padding-bottom: 4pt; padding-left: 1.85pt">Balance, December 31, 2023</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">194,247,800</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">16,886,052</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">3,046,787</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table>
</ifrs-full:DisclosureOfMarketRiskExplanatory>
<cve:CommonShares contextRef="c76" decimals="0" id="ixv-12498" unitRef="shares"> 11308250 </cve:CommonShares>
<cve:MarketValuePerShare contextRef="c77" decimals="2" id="ixv-12499" unitRef="usdPershares"> 0.27 </cve:MarketValuePerShare>
<ifrs-full:NumberOfSharesIssuedAndFullyPaid contextRef="c76" decimals="0" id="ixv-12500" unitRef="shares"> 11308250 </ifrs-full:NumberOfSharesIssuedAndFullyPaid>
<cve:ConvertedShares contextRef="c77" decimals="0" id="ixv-12501" unitRef="shares"> 11308250 </cve:ConvertedShares>
<ifrs-full:FinanceCosts contextRef="c78" decimals="0" id="ixv-12502" unitRef="usd"> 3041955 </ifrs-full:FinanceCosts>
<ifrs-full:FinancialLiabilitiesAtFairValue contextRef="c2" decimals="0" id="ixv-12503" unitRef="usd"> 2265794 </ifrs-full:FinancialLiabilitiesAtFairValue>
<ifrs-full:ParValuePerShare contextRef="c2" decimals="2" id="ixv-12504" unitRef="usdPershares"> 0.2 </ifrs-full:ParValuePerShare>
<ifrs-full:FinancialLiabilitiesAtFairValue contextRef="c3" decimals="0" id="ixv-12505" unitRef="usd"> 3924156 </ifrs-full:FinancialLiabilitiesAtFairValue>
<ifrs-full:ParValuePerShare contextRef="c3" decimals="2" id="ixv-12506" unitRef="usdPershares"> 0.35 </ifrs-full:ParValuePerShare>
<cve:CommonShares contextRef="c79" decimals="0" id="ixv-12507" unitRef="shares"> 80000 </cve:CommonShares>
<cve:MarketValuePerShare contextRef="c80" decimals="2" id="ixv-12508" unitRef="usdPershares"> 0.12 </cve:MarketValuePerShare>
<cve:PrimeFuelsConsiderationPercentage contextRef="c80" decimals="2" id="ixv-12509" unitRef="pure"> 0.10 </cve:PrimeFuelsConsiderationPercentage>
<ifrs-full:FinanceCosts contextRef="c80" decimals="0" id="ixv-12510" unitRef="usd"> 9530 </ifrs-full:FinanceCosts>
<cve:CommonShares contextRef="c81" decimals="0" id="ixv-12511" unitRef="shares"> 64000 </cve:CommonShares>
<cve:CommonShares contextRef="c82" decimals="0" id="ixv-12512" unitRef="shares"> 8566975 </cve:CommonShares>
<ifrs-full:AssetbackedSecuritiesPercentageContributedToFairValueOfPlanAssets contextRef="c82" decimals="3" id="ixv-12513" unitRef="pure"> 0.199 </ifrs-full:AssetbackedSecuritiesPercentageContributedToFairValueOfPlanAssets>
<ifrs-full:ParValuePerShare contextRef="c82" decimals="2" id="ixv-12514" unitRef="usdPershares"> 0.33 </ifrs-full:ParValuePerShare>
<cve:NumberOfSharesAuthorized contextRef="c0" decimals="0" id="ixv-12515" unitRef="shares"> 696825 </cve:NumberOfSharesAuthorized>
<cve:SharesAggregateOwnership contextRef="c0" decimals="0" id="ixv-12516" unitRef="shares"> 9327800 </cve:SharesAggregateOwnership>
<ifrs-full:AssetbackedSecuritiesPercentageContributedToFairValueOfPlanAssets contextRef="c2" decimals="3" id="ixv-12517" unitRef="pure"> 0.199 </ifrs-full:AssetbackedSecuritiesPercentageContributedToFairValueOfPlanAssets>
<ifrs-full:FinanceCosts contextRef="c0" decimals="0" id="ixv-12518" unitRef="usd"> 2802030 </ifrs-full:FinanceCosts>
<ifrs-full:SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates contextRef="c2" decimals="0" id="ixv-12519" unitRef="shares"> 3731120 </ifrs-full:SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates>
<ifrs-full:NumberOfSharesIssuedAndFullyPaid contextRef="c2" decimals="0" id="ixv-12520" unitRef="shares"> 5596680 </ifrs-full:NumberOfSharesIssuedAndFullyPaid>
<cve:FairValueShares contextRef="c0" decimals="0" id="ixv-12521" unitRef="shares"> 9327800 </cve:FairValueShares>
<cve:FairValueShares contextRef="c83" decimals="0" id="ixv-12522" unitRef="shares"> 5077980 </cve:FairValueShares>
<ifrs-full:ParValuePerShare contextRef="c84" decimals="3" id="ixv-12523" unitRef="usdPershares"> 0.544 </ifrs-full:ParValuePerShare>
<cve:ConsiderationReceived contextRef="c85" decimals="0" id="ixv-12524" unitRef="shares"> 5000000 </cve:ConsiderationReceived>
<cve:CommonShares contextRef="c85" decimals="0" id="ixv-12525" unitRef="shares"> 185000000 </cve:CommonShares>
<ifrs-full:AssetbackedSecuritiesPercentageContributedToFairValueOfPlanAssets contextRef="c85" decimals="4" id="ixv-12526" unitRef="pure"> 0.1956 </ifrs-full:AssetbackedSecuritiesPercentageContributedToFairValueOfPlanAssets>
<ifrs-full:FinancialLiabilitiesAtFairValue contextRef="c86" decimals="0" id="ixv-12527" unitRef="usd"> 12589065 </ifrs-full:FinancialLiabilitiesAtFairValue>
<ifrs-full:ParValuePerShare contextRef="c86" decimals="3" id="ixv-12528" unitRef="usdPershares"> 0.068 </ifrs-full:ParValuePerShare>
<cve:DisclosureOfMarketableSecuritiesTextBlock contextRef="c0" id="ixv-12529">
The following table summarizes the fair value of the Company’s marketable securities at December 31, 2023:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="padding-bottom: 1.5pt; font-weight: bold; text-align: center"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Marketable securities</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Volume</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid"> current<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">non-current<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; padding-left: 1.85pt">Balance, December 31, 2021</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right"><div style="-sec-ix-hidden: hidden-fact-135"> </div></td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right"><div style="-sec-ix-hidden: hidden-fact-136">-</div></td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right"><div style="-sec-ix-hidden: hidden-fact-137">-</div></td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="width: 64%; padding-left: 1.85pt">Additions</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">11,388,250</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2,443,094</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">608,391</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 1.85pt">Change in fair value</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">848,814</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">208,591</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 1.85pt">Foreign exchange translation</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(129,547</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(32,151</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; padding-left: 1.85pt">Balance, December 31, 2022</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">11,388,250</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,162,361</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">784,831</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 1.85pt">Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194,247,800</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,022,600</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,792,500</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 1.85pt">Reclass from non-current to current</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">787,559</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(787,559</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 1.85pt">Change in fair value</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,732,355</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">185,480</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 1.85pt">Foreign exchange translation</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">181,177</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">71,535</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; padding-bottom: 4pt; padding-left: 1.85pt">Balance, December 31, 2023</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">194,247,800</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">16,886,052</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">3,046,787</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table>
</cve:DisclosureOfMarketableSecuritiesTextBlock>
<ifrs-full:AdditionalProvisionsOtherProvisions contextRef="c89" decimals="0" id="ixv-12530" unitRef="usd"> 11388250 </ifrs-full:AdditionalProvisionsOtherProvisions>
<ifrs-full:AdditionalProvisionsOtherProvisions contextRef="c90" decimals="0" id="ixv-12531" unitRef="usd"> 2443094 </ifrs-full:AdditionalProvisionsOtherProvisions>
<ifrs-full:AdditionalProvisionsOtherProvisions contextRef="c4" decimals="0" id="ixv-12532" unitRef="usd"> 608391 </ifrs-full:AdditionalProvisionsOtherProvisions>
<ifrs-full:AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty contextRef="c90" decimals="0" id="ixv-12533" unitRef="usd"> 848814 </ifrs-full:AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty>
<ifrs-full:AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty contextRef="c4" decimals="0" id="ixv-12534" unitRef="usd"> 208591 </ifrs-full:AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty>
<ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax contextRef="c90" decimals="0" id="ixv-12535" unitRef="usd"> -129547 </ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax>
<ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax contextRef="c4" decimals="0" id="ixv-12536" unitRef="usd"> -32151 </ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax>
<cve:MarketablesSecurities contextRef="c91" decimals="0" id="ixv-12537" unitRef="usd"> 11388250 </cve:MarketablesSecurities>
<cve:MarketablesSecurities contextRef="c92" decimals="0" id="ixv-12538" unitRef="usd"> 3162361 </cve:MarketablesSecurities>
<cve:MarketablesSecurities contextRef="c3" decimals="0" id="ixv-12539" unitRef="usd"> 784831 </cve:MarketablesSecurities>
<ifrs-full:AdditionalProvisionsOtherProvisions contextRef="c93" decimals="0" id="ixv-12540" unitRef="usd"> 194247800 </ifrs-full:AdditionalProvisionsOtherProvisions>
<ifrs-full:AdditionalProvisionsOtherProvisions contextRef="c94" decimals="0" id="ixv-12541" unitRef="usd"> 7022600 </ifrs-full:AdditionalProvisionsOtherProvisions>
<ifrs-full:AdditionalProvisionsOtherProvisions contextRef="c0" decimals="0" id="ixv-12542" unitRef="usd"> 2792500 </ifrs-full:AdditionalProvisionsOtherProvisions>
<cve:ReclassFromNoncurrentToCurrent contextRef="c94" decimals="0" id="ixv-12543" unitRef="usd"> 787559 </cve:ReclassFromNoncurrentToCurrent>
<cve:ReclassFromNoncurrentToCurrent contextRef="c0" decimals="0" id="ixv-12544" unitRef="usd"> -787559 </cve:ReclassFromNoncurrentToCurrent>
<ifrs-full:AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty contextRef="c94" decimals="0" id="ixv-12545" unitRef="usd"> 5732355 </ifrs-full:AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty>
<ifrs-full:AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty contextRef="c0" decimals="0" id="ixv-12546" unitRef="usd"> 185480 </ifrs-full:AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty>
<ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax contextRef="c94" decimals="0" id="ixv-12547" unitRef="usd"> 181177 </ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax>
<ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax contextRef="c0" decimals="0" id="ixv-12548" unitRef="usd"> 71535 </ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax>
<cve:MarketablesSecurities contextRef="c95" decimals="0" id="ixv-12549" unitRef="usd"> 194247800 </cve:MarketablesSecurities>
<cve:MarketablesSecurities contextRef="c96" decimals="0" id="ixv-12550" unitRef="usd"> 16886052 </cve:MarketablesSecurities>
<cve:MarketablesSecurities contextRef="c2" decimals="0" id="ixv-12551" unitRef="usd"> 3046787 </cve:MarketablesSecurities>
<ifrs-full:DisclosureOfIntangibleAssetsExplanatory contextRef="c0" id="ixv-5690">
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><b>5.</b></td><td><b>Intangible assets</b></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In 2018, the Company acquired access to certain uranium exploration data from VANE Minerals (US) LLC (“VANE”) in exchange for 3,000,000 common shares at a fair value of $264,096. In 2023, the Company agreed to assume storage and maintenance responsibilities for the data in return for permanent ownership and granting the seller certain back-in rights for any projects developed from the use of the data.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In 2020, for $67,251 the Company permanently acquired certain electronic data pertaining to properties in South Texas from Signal Equities, LLC. The intangible asset was determined to have an indefinite life and therefore is not being amortized but reviewed for impairment annually and more frequently if required.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In 2020, the Company permanently acquired the Grants Mineral Belt database for $200,000 through its asset acquisition with Westwater Resources, Inc. In 2021, the Company increased its ownership of related borehole log data through a second purchase of $17,500. This intangible asset was determined to have an indefinite life and therefore is not being amortized but reviewed for impairment annually or more frequently if required.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In 2022, the Company acquired access to the Getty Minerals Database from Platoro West Incorporated for $55,948. The intangible asset was determined to have an indefinite life and therefore is not being amortized but reviewed for impairment annually and more frequently if required.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">There were no indicators of impairment as at December 31, 2023. The change in the intangible assets during the years ended December 31, 2022, and the year ended December 31, 2023, was as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>VANE</b></p> <p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>Agreement</b></p> <p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>$</b></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>Getty</b></p> <p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>Database</b></p> <p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>$</b></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>Signal Equities</b></p> <p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>Database</b></p> <p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>$</b></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>Grants Mineral</b></p> <p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>Belt Database</b></p> <p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>$</b></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>Total</b></p> <p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>$</b></p> <p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; padding-bottom: 1.5pt">Balance, December 31, 2021</td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">207,504</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-138">-</div></td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">67,251</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">217,241</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">491,996</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-139">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">55,948</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-140">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-141">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">55,948</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(19,764</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-142">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-143">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-144">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(19,764</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt">Currency translation adjustment</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">900</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(798</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-145">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-146">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">102</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt">Balance, December 31, 2022</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">188,640</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">55,150</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">67,251</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">217,241</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">528,282</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(19,053</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-147">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-148">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-149">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(19,053</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Currency translation adjustment</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">5,395</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(895</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">893</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(901</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,492</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; padding-bottom: 1.5pt">Balance, December 31, 2023</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">174,982</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">54,255</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">68,144</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">216,340</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">513,721</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table>
</ifrs-full:DisclosureOfIntangibleAssetsExplanatory>
<ifrs-full:NumberOfSharesAuthorised contextRef="c97" decimals="0" id="ixv-12552" unitRef="shares"> 3000000 </ifrs-full:NumberOfSharesAuthorised>
<ifrs-full:FairValueOfAcquiredReceivables contextRef="c98" decimals="0" id="ixv-12553" unitRef="usd"> 264096 </ifrs-full:FairValueOfAcquiredReceivables>
<ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill contextRef="c99" decimals="0" id="ixv-12554" unitRef="usd"> 67251 </ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill>
<ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill contextRef="c100" decimals="0" id="ixv-12555" unitRef="usd"> 200000 </ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill>
<ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill contextRef="c101" decimals="0" id="ixv-12556" unitRef="usd"> 17500 </ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill>
<ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill contextRef="c102" decimals="0" id="ixv-12557" unitRef="usd"> 55948 </ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill>
<ifrs-full:DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory contextRef="c0" id="ixv-12558">
The change in the intangible assets during the years ended December 31, 2022, and the year ended December 31, 2023, was as follows:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>VANE</b></p> <p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>Agreement</b></p> <p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>$</b></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>Getty</b></p> <p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>Database</b></p> <p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>$</b></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>Signal Equities</b></p> <p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>Database</b></p> <p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>$</b></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>Grants Mineral</b></p> <p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>Belt Database</b></p> <p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>$</b></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>Total</b></p> <p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>$</b></p> <p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; padding-bottom: 1.5pt">Balance, December 31, 2021</td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">207,504</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-138">-</div></td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">67,251</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">217,241</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">491,996</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-139">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">55,948</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-140">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-141">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">55,948</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(19,764</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-142">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-143">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-144">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(19,764</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt">Currency translation adjustment</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">900</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(798</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-145">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-146">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">102</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt">Balance, December 31, 2022</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">188,640</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">55,150</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">67,251</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">217,241</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">528,282</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(19,053</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-147">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-148">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-149">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(19,053</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Currency translation adjustment</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">5,395</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(895</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">893</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(901</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,492</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; padding-bottom: 1.5pt">Balance, December 31, 2023</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">174,982</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">54,255</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">68,144</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">216,340</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">513,721</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table>
</ifrs-full:DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory>
<ifrs-full:IntangibleAssetsAndGoodwill contextRef="c103" decimals="0" id="ixv-12559" unitRef="usd"> 207504 </ifrs-full:IntangibleAssetsAndGoodwill>
<ifrs-full:IntangibleAssetsAndGoodwill contextRef="c105" decimals="0" id="ixv-12560" unitRef="usd"> 67251 </ifrs-full:IntangibleAssetsAndGoodwill>
<ifrs-full:IntangibleAssetsAndGoodwill contextRef="c106" decimals="0" id="ixv-12561" unitRef="usd"> 217241 </ifrs-full:IntangibleAssetsAndGoodwill>
<ifrs-full:IntangibleAssetsAndGoodwill contextRef="c5" decimals="0" id="ixv-12562" unitRef="usd"> 491996 </ifrs-full:IntangibleAssetsAndGoodwill>
<ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill contextRef="c108" decimals="0" id="ixv-12563" unitRef="usd"> 55948 </ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill>
<ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill contextRef="c4" decimals="0" id="ixv-12564" unitRef="usd"> 55948 </ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill>
<ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill contextRef="c107" decimals="0" id="ixv-12565" unitRef="usd"> 19764 </ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill>
<ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill contextRef="c4" decimals="0" id="ixv-12566" unitRef="usd"> 19764 </ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill>
<ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill contextRef="c107" decimals="0" id="ixv-12567" unitRef="usd"> 900 </ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill>
<ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill contextRef="c108" decimals="0" id="ixv-12568" unitRef="usd"> -798 </ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill>
<ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill contextRef="c4" decimals="0" id="ixv-12569" unitRef="usd"> 102 </ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill>
<ifrs-full:IntangibleAssetsAndGoodwill contextRef="c111" decimals="0" id="ixv-12570" unitRef="usd"> 188640 </ifrs-full:IntangibleAssetsAndGoodwill>
<ifrs-full:IntangibleAssetsAndGoodwill contextRef="c112" decimals="0" id="ixv-12571" unitRef="usd"> 55150 </ifrs-full:IntangibleAssetsAndGoodwill>
<ifrs-full:IntangibleAssetsAndGoodwill contextRef="c113" decimals="0" id="ixv-12572" unitRef="usd"> 67251 </ifrs-full:IntangibleAssetsAndGoodwill>
<ifrs-full:IntangibleAssetsAndGoodwill contextRef="c114" decimals="0" id="ixv-12573" unitRef="usd"> 217241 </ifrs-full:IntangibleAssetsAndGoodwill>
<ifrs-full:IntangibleAssetsAndGoodwill contextRef="c3" decimals="0" id="ixv-12574" unitRef="usd"> 528282 </ifrs-full:IntangibleAssetsAndGoodwill>
<ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill contextRef="c115" decimals="0" id="ixv-12575" unitRef="usd"> 19053 </ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill>
<ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill contextRef="c0" decimals="0" id="ixv-12576" unitRef="usd"> 19053 </ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill>
<ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill contextRef="c115" decimals="0" id="ixv-12577" unitRef="usd"> 5395 </ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill>
<ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill contextRef="c116" decimals="0" id="ixv-12578" unitRef="usd"> -895 </ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill>
<ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill contextRef="c117" decimals="0" id="ixv-12579" unitRef="usd"> 893 </ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill>
<ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill contextRef="c118" decimals="0" id="ixv-12580" unitRef="usd"> -901 </ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill>
<ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill contextRef="c0" decimals="0" id="ixv-12581" unitRef="usd"> 4492 </ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill>
<ifrs-full:IntangibleAssetsAndGoodwill contextRef="c119" decimals="0" id="ixv-12582" unitRef="usd"> 174982 </ifrs-full:IntangibleAssetsAndGoodwill>
<ifrs-full:IntangibleAssetsAndGoodwill contextRef="c120" decimals="0" id="ixv-12583" unitRef="usd"> 54255 </ifrs-full:IntangibleAssetsAndGoodwill>
<ifrs-full:IntangibleAssetsAndGoodwill contextRef="c121" decimals="0" id="ixv-12584" unitRef="usd"> 68144 </ifrs-full:IntangibleAssetsAndGoodwill>
<ifrs-full:IntangibleAssetsAndGoodwill contextRef="c122" decimals="0" id="ixv-12585" unitRef="usd"> 216340 </ifrs-full:IntangibleAssetsAndGoodwill>
<ifrs-full:IntangibleAssetsAndGoodwill contextRef="c2" decimals="0" id="ixv-12586" unitRef="usd"> 513721 </ifrs-full:IntangibleAssetsAndGoodwill>
<ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory contextRef="c0" id="ixv-5976">
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><b>6.</b></td><td style="text-align: justify"><b>Property, plant, and equipment</b></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In February 2023, through its asset acquisition of Alta Mesa, the Company acquired a variety of property, plant, and equipment assets (Note 9).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In May 2023, the Company acquired proprietary Prompt Fission Neutron (“PFN”) technology and equipment. The asset is amortized over its expected useful economic life of 10 years.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-indent: 0pt; text-align: center; padding-right: 0pt; padding-left: 0pt"> </td><td style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"> </td> <td colspan="2" style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Uranium plants</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>$</b></p></td><td style="padding-right: 0pt; text-align: center; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt"> </td><td style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"> </td> <td colspan="2" style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Other property and equipment</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>$</b></p></td><td style="padding-right: 0pt; text-align: center; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt"> </td><td style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"> </td> <td colspan="2" style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Furniture</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>$</b></p></td><td style="padding-right: 0pt; text-align: center; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt"> </td><td style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"> </td> <td colspan="2" style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Buildings</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>$</b></p></td><td style="padding-right: 0pt; text-align: center; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt"> </td><td style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"> </td> <td colspan="2" style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Software</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>$</b></p></td><td style="padding-right: 0pt; text-align: center; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt"> </td><td style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"> </td> <td colspan="2" style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Total</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>$</b></p></td><td style="padding-right: 0pt; text-align: center; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0pt; width: 28%; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt">Balance, December 31, 2021</td><td style="width: 1%; border-bottom: Black 1.5pt solid"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">1,309,515</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; border-bottom: Black 1.5pt solid"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">214,748</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; border-bottom: Black 1.5pt solid"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">16,470</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; border-bottom: Black 1.5pt solid"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">62,946</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; border-bottom: Black 1.5pt solid"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-150">-</div></td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; border-bottom: Black 1.5pt solid"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">1,603,679</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-right: 0pt; padding-left: 0pt; text-indent: 0pt">Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">758,747</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">172,198</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,507</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-151">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,135</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">999,587</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0pt; padding-left: 0pt; text-indent: 0pt">Disposals</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-152"> </div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-153"> </div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-154"> </div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-155"> </div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-156"> </div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-157"> </div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-right: 0pt; text-align: left; padding-bottom: 1.5pt; padding-left: 0.125in; text-indent: 0pt"> Depreciation</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(162,208</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(78,646</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(4,377</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(2,316</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(21,298</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(268,845</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0pt; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt">Balance, December 31, 2022</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,906,054</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">308,300</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">20,600</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">60,630</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">38,837</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,334,421</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-right: 0pt; padding-left: 0pt; text-indent: 0pt">Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,125,821</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,603,420</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">94,035</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">308,384</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-158">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,131,660</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0pt; padding-left: 0pt; text-indent: 0pt">Disposals</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-159"> </div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-160"> </div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-161"> </div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-162"> </div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-163"> </div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-164"> </div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-right: 0pt; padding-left: 0.125in; text-indent: 0pt">Depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(625,951</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(792,836</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(28,726</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(15,959</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(30,192</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,493,664</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0pt; text-align: left; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt">Currency translation adjustment</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-165">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">305</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,612</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-166">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,250</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(2,557</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-right: 0pt; font-weight: bold; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt">Balance, December 31, 2023</td><td style="font-weight: bold; border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">10,405,924</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">4,119,189</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">84,297</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">353,055</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">7,395</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">14,969,860</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table>
</ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory>
<ifrs-full:DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory contextRef="c0" id="ixv-12587">
In May 2023, the Company acquired proprietary Prompt Fission Neutron (“PFN”) technology and equipment. The asset is amortized over its expected useful economic life of 10 years.<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-indent: 0pt; text-align: center; padding-right: 0pt; padding-left: 0pt"> </td><td style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"> </td> <td colspan="2" style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Uranium plants</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>$</b></p></td><td style="padding-right: 0pt; text-align: center; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt"> </td><td style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"> </td> <td colspan="2" style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Other property and equipment</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>$</b></p></td><td style="padding-right: 0pt; text-align: center; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt"> </td><td style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"> </td> <td colspan="2" style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Furniture</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>$</b></p></td><td style="padding-right: 0pt; text-align: center; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt"> </td><td style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"> </td> <td colspan="2" style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Buildings</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>$</b></p></td><td style="padding-right: 0pt; text-align: center; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt"> </td><td style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"> </td> <td colspan="2" style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Software</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>$</b></p></td><td style="padding-right: 0pt; text-align: center; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt"> </td><td style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"> </td> <td colspan="2" style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt; text-indent: 0pt"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Total</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>$</b></p></td><td style="padding-right: 0pt; text-align: center; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0pt; width: 28%; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt">Balance, December 31, 2021</td><td style="width: 1%; border-bottom: Black 1.5pt solid"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">1,309,515</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; border-bottom: Black 1.5pt solid"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">214,748</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; border-bottom: Black 1.5pt solid"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">16,470</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; border-bottom: Black 1.5pt solid"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">62,946</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; border-bottom: Black 1.5pt solid"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-150">-</div></td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; border-bottom: Black 1.5pt solid"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">1,603,679</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-right: 0pt; padding-left: 0pt; text-indent: 0pt">Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">758,747</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">172,198</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,507</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-151">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,135</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">999,587</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0pt; padding-left: 0pt; text-indent: 0pt">Disposals</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-152"> </div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-153"> </div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-154"> </div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-155"> </div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-156"> </div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-157"> </div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-right: 0pt; text-align: left; padding-bottom: 1.5pt; padding-left: 0.125in; text-indent: 0pt"> Depreciation</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(162,208</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(78,646</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(4,377</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(2,316</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(21,298</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(268,845</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0pt; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt">Balance, December 31, 2022</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,906,054</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">308,300</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">20,600</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">60,630</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">38,837</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,334,421</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-right: 0pt; padding-left: 0pt; text-indent: 0pt">Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,125,821</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,603,420</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">94,035</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">308,384</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-158">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,131,660</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0pt; padding-left: 0pt; text-indent: 0pt">Disposals</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-159"> </div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-160"> </div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-161"> </div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-162"> </div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-163"> </div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-164"> </div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-right: 0pt; padding-left: 0.125in; text-indent: 0pt">Depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(625,951</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(792,836</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(28,726</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(15,959</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(30,192</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,493,664</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0pt; text-align: left; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt">Currency translation adjustment</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-165">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">305</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,612</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-166">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,250</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(2,557</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-right: 0pt; font-weight: bold; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt">Balance, December 31, 2023</td><td style="font-weight: bold; border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">10,405,924</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">4,119,189</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">84,297</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">353,055</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">7,395</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">14,969,860</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table>
</ifrs-full:DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory>
<ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets contextRef="c123" decimals="0" id="ixv-12588" unitRef="usd"> 1309515 </ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets>
<ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets contextRef="c124" decimals="0" id="ixv-12589" unitRef="usd"> 214748 </ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets>
<ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets contextRef="c125" decimals="0" id="ixv-12590" unitRef="usd"> 16470 </ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets>
<ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets contextRef="c126" decimals="0" id="ixv-12591" unitRef="usd"> 62946 </ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets>
<ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets contextRef="c5" decimals="0" id="ixv-12592" unitRef="usd"> 1603679 </ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets>
<ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="c128" decimals="0" id="ixv-12593" unitRef="usd"> 758747 </ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment>
<ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="c129" decimals="0" id="ixv-12594" unitRef="usd"> 172198 </ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment>
<ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="c130" decimals="0" id="ixv-12595" unitRef="usd"> 8507 </ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment>
<ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="c132" decimals="0" id="ixv-12596" unitRef="usd"> 60135 </ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment>
<ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="c4" decimals="0" id="ixv-12597" unitRef="usd"> 999587 </ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment>
<ifrs-full:DepreciationPropertyPlantAndEquipment contextRef="c128" decimals="0" id="ixv-12598" unitRef="usd"> 162208 </ifrs-full:DepreciationPropertyPlantAndEquipment>
<ifrs-full:DepreciationPropertyPlantAndEquipment contextRef="c129" decimals="0" id="ixv-12599" unitRef="usd"> 78646 </ifrs-full:DepreciationPropertyPlantAndEquipment>
<ifrs-full:DepreciationPropertyPlantAndEquipment contextRef="c130" decimals="0" id="ixv-12600" unitRef="usd"> 4377 </ifrs-full:DepreciationPropertyPlantAndEquipment>
<ifrs-full:DepreciationPropertyPlantAndEquipment contextRef="c131" decimals="0" id="ixv-12601" unitRef="usd"> 2316 </ifrs-full:DepreciationPropertyPlantAndEquipment>
<ifrs-full:DepreciationPropertyPlantAndEquipment contextRef="c132" decimals="0" id="ixv-12602" unitRef="usd"> 21298 </ifrs-full:DepreciationPropertyPlantAndEquipment>
<ifrs-full:DepreciationPropertyPlantAndEquipment contextRef="c4" decimals="0" id="ixv-12603" unitRef="usd"> 268845 </ifrs-full:DepreciationPropertyPlantAndEquipment>
<ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets contextRef="c133" decimals="0" id="ixv-12604" unitRef="usd"> 1906054 </ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets>
<ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets contextRef="c134" decimals="0" id="ixv-12605" unitRef="usd"> 308300 </ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets>
<ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets contextRef="c135" decimals="0" id="ixv-12606" unitRef="usd"> 20600 </ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets>
<ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets contextRef="c136" decimals="0" id="ixv-12607" unitRef="usd"> 60630 </ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets>
<ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets contextRef="c137" decimals="0" id="ixv-12608" unitRef="usd"> 38837 </ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets>
<ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets contextRef="c3" decimals="0" id="ixv-12609" unitRef="usd"> 2334421 </ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets>
<ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="c138" decimals="0" id="ixv-12610" unitRef="usd"> 9125821 </ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment>
<ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="c139" decimals="0" id="ixv-12611" unitRef="usd"> 4603420 </ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment>
<ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="c140" decimals="0" id="ixv-12612" unitRef="usd"> 94035 </ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment>
<ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="c141" decimals="0" id="ixv-12613" unitRef="usd"> 308384 </ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment>
<ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="c0" decimals="0" id="ixv-12614" unitRef="usd"> 14131660 </ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment>
<ifrs-full:DepreciationPropertyPlantAndEquipment contextRef="c138" decimals="0" id="ixv-12615" unitRef="usd"> 625951 </ifrs-full:DepreciationPropertyPlantAndEquipment>
<ifrs-full:DepreciationPropertyPlantAndEquipment contextRef="c139" decimals="0" id="ixv-12616" unitRef="usd"> 792836 </ifrs-full:DepreciationPropertyPlantAndEquipment>
<ifrs-full:DepreciationPropertyPlantAndEquipment contextRef="c140" decimals="0" id="ixv-12617" unitRef="usd"> 28726 </ifrs-full:DepreciationPropertyPlantAndEquipment>
<ifrs-full:DepreciationPropertyPlantAndEquipment contextRef="c141" decimals="0" id="ixv-12618" unitRef="usd"> 15959 </ifrs-full:DepreciationPropertyPlantAndEquipment>
<ifrs-full:DepreciationPropertyPlantAndEquipment contextRef="c142" decimals="0" id="ixv-12619" unitRef="usd"> 30192 </ifrs-full:DepreciationPropertyPlantAndEquipment>
<ifrs-full:DepreciationPropertyPlantAndEquipment contextRef="c0" decimals="0" id="ixv-12620" unitRef="usd"> 1493664 </ifrs-full:DepreciationPropertyPlantAndEquipment>
<ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation contextRef="c139" decimals="0" id="ixv-12621" unitRef="usd"> 305 </ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation>
<ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation contextRef="c140" decimals="0" id="ixv-12622" unitRef="usd"> -1612 </ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation>
<ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation contextRef="c142" decimals="0" id="ixv-12623" unitRef="usd"> -1250 </ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation>
<ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation contextRef="c0" decimals="0" id="ixv-12624" unitRef="usd"> -2557 </ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation>
<ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets contextRef="c143" decimals="0" id="ixv-12625" unitRef="usd"> 10405924 </ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets>
<ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets contextRef="c144" decimals="0" id="ixv-12626" unitRef="usd"> 4119189 </ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets>
<ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets contextRef="c145" decimals="0" id="ixv-12627" unitRef="usd"> 84297 </ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets>
<ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets contextRef="c146" decimals="0" id="ixv-12628" unitRef="usd"> 353055 </ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets>
<ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets contextRef="c147" decimals="0" id="ixv-12629" unitRef="usd"> 7395 </ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets>
<ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets contextRef="c2" decimals="0" id="ixv-12630" unitRef="usd"> 14969860 </ifrs-full:PropertyPlantAndEquipmentCarryingAmountAtCostOfRevaluedAssets>
<ifrs-full:DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory contextRef="c0" id="ixv-6319">
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><b>7.</b></td><td style="text-align: justify"><b>Right-of-use assets and lease liability</b></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In 2021, the Company entered into a contractual agreement to lease office space in Corpus Christi, Texas through June 30, 2025. The terms of the lease call for a monthly lease payment of $5,417. The Company recorded a right-of use (“ROU”) asset and a corresponding lease obligation of $221,139 on July 1, 2021.When measuring the present value of lease obligations, the remaining lease payments were discounted using the estimated borrowing rate of 7%.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In 2021, the Company acquired a lease agreement for additional office space in Vancouver, B.C. through July 10, 2023. During the year ended December 31, 2023, this lease expired, and the related security deposit was returned to the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In 2022, the Company entered into a contractual agreement to lease office space in Corpus Christi, Texas through August 31, 2024. During the year ended December 31, 2023, this lease was terminated.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In 2023, the Company entered into a contractual agreement to lease office space in Corpus Christi, Texas through June 30, 2025. The terms of the lease call for a monthly lease payment of $1,516. The Company recorded a right-of use (“ROU”) asset and a corresponding lease obligation of $40,325 on February 1, 2023. When measuring the present value of lease obligations, the remaining lease payments were discounted using the estimated borrowing rate of 7%.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In 2023, the Company entered into a contractual agreement to lease additional office space in Corpus Christi, Texas through June 30, 2025. The terms of the lease call for a monthly lease payment of $5,994. The Company recorded a right-of use (“ROU”) asset and a corresponding lease obligation of $149,325 on April 1, 2023. When measuring the present value of lease obligations, the remaining lease payments were discounted using the estimated borrowing rate of 7%.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In 2023, the Company entered a contractual agreement to lease office space in Dallas, Texas through October 31, 2028. The terms of the lease call for a monthly lease payment of $5,087. The Company recorded a right-of use (“ROU”) asset and a corresponding lease obligation of $260,141 on June 1, 2023. When measuring the present value of lease obligations, the remaining lease payments were discounted using the estimated borrowing rate of 7%.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The change in the lease liability during the year ended December 31, 2022, and the year ended December 31, 2023 was as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">Leased asset <br/>$</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">Leased offices <br/>$</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">Total<br/> $</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; padding-bottom: 1.5pt; text-indent: -0.125in; padding-left: 0.125in">Balance, December 31, 2021</td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">3,416</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">246,093</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">249,509</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in">Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-167">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34,898</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34,898</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in">Accretion</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">77</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,157</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,234</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Lease payments made</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,493</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(103,953</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(107,446</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: -0.125in; padding-left: 0.125in">Currency translation adjustment</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-168">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(11,767</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(11,767</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; text-indent: -0.125in; padding-left: 0.125in">Balance, December 31, 2022</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right"><div style="-sec-ix-hidden: hidden-fact-169">-</div></td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">180,428</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">180,428</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: -0.125in; padding-left: 0.125in">Less: current lease liability</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-170">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(84,262</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(84,262</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; text-indent: -0.125in; padding-left: 0.125in">Balance (long-term), December 31, 2022</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right"><div style="-sec-ix-hidden: hidden-fact-171">-</div></td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">96,166</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">96,166</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in">Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-172">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">449,823</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">449,823</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Lease termination</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-173">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(22,945</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(22,945</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in">Accretion</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-174">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">32,838</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">32,838</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Lease payments made</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-175">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(177,439</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(177,439</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: -0.125in; padding-left: 0.125in">Currency translation adjustment</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-176">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">10,083</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">10,083</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; padding-bottom: 4pt; text-indent: -0.125in; padding-left: 0.125in">Balance, December 31, 2023</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right"><div style="-sec-ix-hidden: hidden-fact-177">-</div></td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">472,788</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">472,788</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: -0.125in; padding-left: 0.125in">Less: current lease liability</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-178">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(177,641</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(177,641</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; padding-bottom: 4pt; text-indent: -0.125in; padding-left: 0.125in">Balance (long-term), December 31, 2023</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-179">-</div></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">295,147</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">295,147</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of December 31, 2023, the undiscounted future lease payments are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: left; font-weight: bold; padding-left: 0pt; text-indent: 0pt">Year</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center; font-weight: bold">$</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0pt; width: 88%; text-align: left; padding-left: 0pt; text-indent: 0pt">2024</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">206,196</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-right: 0pt; text-align: left; padding-left: 0pt; text-indent: 0pt">2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">140,121</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0pt; text-align: left; padding-left: 0pt; text-indent: 0pt">2026</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">63,874</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-right: 0pt; text-align: left; padding-left: 0pt; text-indent: 0pt">2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">65,182</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0pt; text-align: left; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt">2028</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">55,227</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-right: 0pt; text-align: left; font-weight: bold; padding-left: 0pt; text-indent: 0pt">Total</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">530,600</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table>
</ifrs-full:DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory>
<cve:LeasePayment contextRef="c148" decimals="0" id="ixv-12631" unitRef="usd"> 5417 </cve:LeasePayment>
<cve:CorrespondingLeaseObligation contextRef="c149" decimals="0" id="ixv-12632" unitRef="usd"> 221139 </cve:CorrespondingLeaseObligation>
<ifrs-full:BorrowingsInterestRate contextRef="c5" decimals="2" id="ixv-12633" unitRef="pure"> 0.07 </ifrs-full:BorrowingsInterestRate>
<cve:LeasePayment contextRef="c0" decimals="0" id="ixv-12634" unitRef="usd"> 1516 </cve:LeasePayment>
<cve:CorrespondingLeaseObligation contextRef="c150" decimals="0" id="ixv-12635" unitRef="usd"> 40325 </cve:CorrespondingLeaseObligation>
<ifrs-full:BorrowingsInterestRate contextRef="c2" decimals="2" id="ixv-12636" unitRef="pure"> 0.07 </ifrs-full:BorrowingsInterestRate>
<cve:LeasePayment contextRef="c151" decimals="0" id="ixv-12637" unitRef="usd"> 5994 </cve:LeasePayment>
<cve:CorrespondingLeaseObligation contextRef="c152" decimals="0" id="ixv-12638" unitRef="usd"> 149325 </cve:CorrespondingLeaseObligation>
<ifrs-full:BorrowingsInterestRate contextRef="c153" decimals="2" id="ixv-12639" unitRef="pure"> 0.07 </ifrs-full:BorrowingsInterestRate>
<cve:LeasePayment contextRef="c154" decimals="0" id="ixv-12640" unitRef="usd"> 5087 </cve:LeasePayment>
<cve:CorrespondingLeaseObligation contextRef="c155" decimals="0" id="ixv-12641" unitRef="usd"> 260141 </cve:CorrespondingLeaseObligation>
<ifrs-full:BorrowingsInterestRate contextRef="c156" decimals="2" id="ixv-12642" unitRef="pure"> 0.07 </ifrs-full:BorrowingsInterestRate>
<ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory contextRef="c0" id="ixv-12643">
The change in the lease liability during the year ended December 31, 2022, and the year ended December 31, 2023 was as follows:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">Leased asset <br/>$</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">Leased offices <br/>$</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">Total<br/> $</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; padding-bottom: 1.5pt; text-indent: -0.125in; padding-left: 0.125in">Balance, December 31, 2021</td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">3,416</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">246,093</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">249,509</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in">Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-167">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34,898</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34,898</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in">Accretion</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">77</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,157</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,234</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Lease payments made</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,493</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(103,953</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(107,446</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: -0.125in; padding-left: 0.125in">Currency translation adjustment</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-168">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(11,767</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(11,767</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; text-indent: -0.125in; padding-left: 0.125in">Balance, December 31, 2022</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right"><div style="-sec-ix-hidden: hidden-fact-169">-</div></td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">180,428</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">180,428</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: -0.125in; padding-left: 0.125in">Less: current lease liability</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-170">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(84,262</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(84,262</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; text-indent: -0.125in; padding-left: 0.125in">Balance (long-term), December 31, 2022</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right"><div style="-sec-ix-hidden: hidden-fact-171">-</div></td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">96,166</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">96,166</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in">Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-172">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">449,823</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">449,823</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Lease termination</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-173">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(22,945</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(22,945</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in">Accretion</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-174">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">32,838</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">32,838</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Lease payments made</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-175">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(177,439</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(177,439</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: -0.125in; padding-left: 0.125in">Currency translation adjustment</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-176">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">10,083</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">10,083</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; padding-bottom: 4pt; text-indent: -0.125in; padding-left: 0.125in">Balance, December 31, 2023</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right"><div style="-sec-ix-hidden: hidden-fact-177">-</div></td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">472,788</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">472,788</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: -0.125in; padding-left: 0.125in">Less: current lease liability</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-178">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(177,641</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(177,641</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; padding-bottom: 4pt; text-indent: -0.125in; padding-left: 0.125in">Balance (long-term), December 31, 2023</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-179">-</div></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">295,147</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">295,147</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table>
</ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory>
<ifrs-full:LeaseLiabilities contextRef="c157" decimals="0" id="ixv-12644" unitRef="usd"> 3416 </ifrs-full:LeaseLiabilities>
<ifrs-full:LeaseLiabilities contextRef="c158" decimals="0" id="ixv-12645" unitRef="usd"> 246093 </ifrs-full:LeaseLiabilities>
<ifrs-full:LeaseLiabilities contextRef="c5" decimals="0" id="ixv-12646" unitRef="usd"> 249509 </ifrs-full:LeaseLiabilities>
<ifrs-full:AdditionsToRightofuseAssets contextRef="c160" decimals="0" id="ixv-12647" unitRef="usd"> 34898 </ifrs-full:AdditionsToRightofuseAssets>
<ifrs-full:AdditionsToRightofuseAssets contextRef="c4" decimals="0" id="ixv-12648" unitRef="usd"> 34898 </ifrs-full:AdditionsToRightofuseAssets>
<cve:Long-TermLeaseLiabilityAccretion contextRef="c159" decimals="0" id="ixv-12649" unitRef="usd"> 77 </cve:Long-TermLeaseLiabilityAccretion>
<cve:Long-TermLeaseLiabilityAccretion contextRef="c160" decimals="0" id="ixv-12650" unitRef="usd"> 15157 </cve:Long-TermLeaseLiabilityAccretion>
<cve:Long-TermLeaseLiabilityAccretion contextRef="c4" decimals="0" id="ixv-12651" unitRef="usd"> 15234 </cve:Long-TermLeaseLiabilityAccretion>
<ifrs-full:GrossLeaseLiabilities contextRef="c161" decimals="0" id="ixv-12652" unitRef="usd"> 3493 </ifrs-full:GrossLeaseLiabilities>
<ifrs-full:GrossLeaseLiabilities contextRef="c162" decimals="0" id="ixv-12653" unitRef="usd"> 103953 </ifrs-full:GrossLeaseLiabilities>
<ifrs-full:GrossLeaseLiabilities contextRef="c3" decimals="0" id="ixv-12654" unitRef="usd"> 107446 </ifrs-full:GrossLeaseLiabilities>
<cve:CurrencyTranslationAdjustment contextRef="c160" decimals="0" id="ixv-12655" unitRef="usd"> -11767 </cve:CurrencyTranslationAdjustment>
<cve:CurrencyTranslationAdjustment contextRef="c4" decimals="0" id="ixv-12656" unitRef="usd"> -11767 </cve:CurrencyTranslationAdjustment>
<ifrs-full:LeaseLiabilities contextRef="c162" decimals="0" id="ixv-12657" unitRef="usd"> 180428 </ifrs-full:LeaseLiabilities>
<ifrs-full:LeaseLiabilities contextRef="c3" decimals="0" id="ixv-12658" unitRef="usd"> 180428 </ifrs-full:LeaseLiabilities>
<ifrs-full:CurrentLeaseLiabilities contextRef="c162" decimals="0" id="ixv-12659" unitRef="usd"> 84262 </ifrs-full:CurrentLeaseLiabilities>
<ifrs-full:CurrentLeaseLiabilities contextRef="c3" decimals="0" id="ixv-12660" unitRef="usd"> 84262 </ifrs-full:CurrentLeaseLiabilities>
<cve:BalanceLongTermLiability contextRef="c162" decimals="0" id="ixv-12661" unitRef="usd"> 96166 </cve:BalanceLongTermLiability>
<cve:BalanceLongTermLiability contextRef="c3" decimals="0" id="ixv-12662" unitRef="usd"> 96166 </cve:BalanceLongTermLiability>
<ifrs-full:AdditionsToRightofuseAssets contextRef="c164" decimals="0" id="ixv-12663" unitRef="usd"> 449823 </ifrs-full:AdditionsToRightofuseAssets>
<ifrs-full:AdditionsToRightofuseAssets contextRef="c0" decimals="0" id="ixv-12664" unitRef="usd"> 449823 </ifrs-full:AdditionsToRightofuseAssets>
<cve:LeaseTermination contextRef="c164" decimals="0" id="ixv-12665" unitRef="usd"> -22945 </cve:LeaseTermination>
<cve:LeaseTermination contextRef="c0" decimals="0" id="ixv-12666" unitRef="usd"> -22945 </cve:LeaseTermination>
<cve:Long-TermLeaseLiabilityAccretion contextRef="c164" decimals="0" id="ixv-12667" unitRef="usd"> 32838 </cve:Long-TermLeaseLiabilityAccretion>
<cve:Long-TermLeaseLiabilityAccretion contextRef="c0" decimals="0" id="ixv-12668" unitRef="usd"> 32838 </cve:Long-TermLeaseLiabilityAccretion>
<ifrs-full:GrossLeaseLiabilities contextRef="c166" decimals="0" id="ixv-12669" unitRef="usd"> 177439 </ifrs-full:GrossLeaseLiabilities>
<ifrs-full:GrossLeaseLiabilities contextRef="c2" decimals="0" id="ixv-12670" unitRef="usd"> 177439 </ifrs-full:GrossLeaseLiabilities>
<cve:CurrencyTranslationAdjustment contextRef="c164" decimals="0" id="ixv-12671" unitRef="usd"> 10083 </cve:CurrencyTranslationAdjustment>
<cve:CurrencyTranslationAdjustment contextRef="c0" decimals="0" id="ixv-12672" unitRef="usd"> 10083 </cve:CurrencyTranslationAdjustment>
<ifrs-full:LeaseLiabilities contextRef="c166" decimals="0" id="ixv-12673" unitRef="usd"> 472788 </ifrs-full:LeaseLiabilities>
<ifrs-full:LeaseLiabilities contextRef="c2" decimals="0" id="ixv-12674" unitRef="usd"> 472788 </ifrs-full:LeaseLiabilities>
<ifrs-full:CurrentLeaseLiabilities contextRef="c166" decimals="0" id="ixv-12675" unitRef="usd"> 177641 </ifrs-full:CurrentLeaseLiabilities>
<ifrs-full:CurrentLeaseLiabilities contextRef="c2" decimals="0" id="ixv-12676" unitRef="usd"> 177641 </ifrs-full:CurrentLeaseLiabilities>
<cve:BalanceLongTermLiability contextRef="c166" decimals="0" id="ixv-12677" unitRef="usd"> 295147 </cve:BalanceLongTermLiability>
<cve:BalanceLongTermLiability contextRef="c2" decimals="0" id="ixv-12678" unitRef="usd"> 295147 </cve:BalanceLongTermLiability>
<ifrs-full:DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory contextRef="c0" id="ixv-12679">
As of December 31, 2023, the undiscounted future lease payments are as follows:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-right: 0pt; border-bottom: Black 1.5pt solid; text-align: left; font-weight: bold; padding-left: 0pt; text-indent: 0pt">Year</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center; font-weight: bold">$</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0pt; width: 88%; text-align: left; padding-left: 0pt; text-indent: 0pt">2024</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">206,196</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-right: 0pt; text-align: left; padding-left: 0pt; text-indent: 0pt">2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">140,121</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0pt; text-align: left; padding-left: 0pt; text-indent: 0pt">2026</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">63,874</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-right: 0pt; text-align: left; padding-left: 0pt; text-indent: 0pt">2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">65,182</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0pt; text-align: left; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt">2028</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">55,227</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-right: 0pt; text-align: left; font-weight: bold; padding-left: 0pt; text-indent: 0pt">Total</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">530,600</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table>
</ifrs-full:DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory>
<ifrs-full:UndiscountedOperatingLeasePaymentsToBeReceived contextRef="c167" decimals="0" id="ixv-12680" unitRef="usd"> 206196 </ifrs-full:UndiscountedOperatingLeasePaymentsToBeReceived>
<ifrs-full:UndiscountedOperatingLeasePaymentsToBeReceived contextRef="c168" decimals="0" id="ixv-12681" unitRef="usd"> 140121 </ifrs-full:UndiscountedOperatingLeasePaymentsToBeReceived>
<ifrs-full:UndiscountedOperatingLeasePaymentsToBeReceived contextRef="c169" decimals="0" id="ixv-12682" unitRef="usd"> 63874 </ifrs-full:UndiscountedOperatingLeasePaymentsToBeReceived>
<ifrs-full:UndiscountedOperatingLeasePaymentsToBeReceived contextRef="c170" decimals="0" id="ixv-12683" unitRef="usd"> 65182 </ifrs-full:UndiscountedOperatingLeasePaymentsToBeReceived>
<ifrs-full:UndiscountedOperatingLeasePaymentsToBeReceived contextRef="c171" decimals="0" id="ixv-12684" unitRef="usd"> 55227 </ifrs-full:UndiscountedOperatingLeasePaymentsToBeReceived>
<ifrs-full:UndiscountedOperatingLeasePaymentsToBeReceived contextRef="c2" decimals="0" id="ixv-12685" unitRef="usd"> 530600 </ifrs-full:UndiscountedOperatingLeasePaymentsToBeReceived>
<ifrs-full:DisclosureOfBusinessCombinationsExplanatory contextRef="c0" id="ixv-6686">
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><b>8.</b></td><td style="text-align: justify"><b>Asset acquisition</b></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In November 2022, the Company, and Energy Fuels, Inc (“Energy Fuels”) entered into a Definitive Agreement. Pursuant to the terms and subject to the conditions in the Definitive Agreement, on February 14, 2023, the Company acquired the Alta Mesa in-Situ Recovery uranium project (“Alta Mesa”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The aggregate amount of the total consideration was $120,574,541 which consisted of a cash payment of $60,000,000, the issuance of a $60,000,000 secured vendor takeback convertible promissory note and 44,681 enCore stock options (the “Replacement Options”) for options held by Energy Fuels option holders, valued at $81,414 using the Black-Scholes option pricing model, and total transaction costs of $493,127 associated with the Arrangement.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The transaction did not qualify as a business combination according to the definition in IFRS 3 <i>Business Combinations. </i>It has been accounted for as an asset acquisition with the purchase price allocated based on the estimated fair value of the assets and liabilities summarized as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; "> <td style="border-bottom: Black 1.5pt solid; width: 88%; font-weight: bold">Consideration</td><td style="padding-bottom: 1.5pt; width: 1%; font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; font-weight: bold; text-align: left"></td><td style="border-bottom: Black 1.5pt solid; width: 9%; font-weight: bold; text-align: center">$</td><td style="padding-bottom: 1.5pt; width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 9pt">Cash</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,000,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 9pt">Convertible promissory note</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,000,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 9pt">Fair value of replacement options</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">81,414</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 9pt">Transaction costs</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">493,127</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1.5pt">Total consideration value</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">120,574,541</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">Net assets acquired</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">$</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 9pt">Prepaids</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">42,374</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 9pt">Property, plant, and equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,111,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 9pt">Mineral properties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">120,196,484</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 9pt">Asset retirement obligations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(5,488,969</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Accounts payable and accrued liabilities</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(286,348</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-bottom: 1.5pt">Total net assets acquired</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">120,574,541</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The value of the replacement options has been derived using the Black-Scholes option pricing model. The weighted average assumptions used in the Black-Scholes option pricing model are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Weighted Average</td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-indent: 0pt; padding-left: 0pt">Exercise Price</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">3.10</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: 0pt; padding-left: 0pt">Share price</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">3.20</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Discount Rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3.39</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Expected life (years)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5.00</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Volatility</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">99.48</td><td style="padding-bottom: 1.5pt; text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Fair value of replacement options (CAD per option):</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">2.43</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The fair value of the Replacement Options is based on the issuance of 44,681 options with a fair value of $81,414 (C$108,636).</p>
</ifrs-full:DisclosureOfBusinessCombinationsExplanatory>
<ifrs-full:AcquisitiondateFairValueOfTotalConsiderationTransferred contextRef="c172" decimals="0" id="ixv-12686" unitRef="usd"> 120574541 </ifrs-full:AcquisitiondateFairValueOfTotalConsiderationTransferred>
<ifrs-full:CashOnHand contextRef="c2" decimals="0" id="ixv-12687" unitRef="usd"> 60000000 </ifrs-full:CashOnHand>
<ifrs-full:CashOnHand contextRef="c173" decimals="0" id="ixv-12688" unitRef="usd"> 60000000 </ifrs-full:CashOnHand>
<ifrs-full:NumberOfSharesIssued contextRef="c2" decimals="0" id="ixv-12689" unitRef="shares"> 44681 </ifrs-full:NumberOfSharesIssued>
<ifrs-full:IssuesFairValueMeasurementAssets contextRef="c174" decimals="0" id="ixv-12690" unitRef="usd"> 81414 </ifrs-full:IssuesFairValueMeasurementAssets>
<cve:TransactionCost contextRef="c0" decimals="0" id="ixv-12691" unitRef="usd"> 493127 </cve:TransactionCost>
<cve:DisclosureOfAssetAcquisitionTableTextBlock contextRef="c0" id="ixv-6742">
The transaction did not qualify as a business combination according to the definition in IFRS 3 <i>Business Combinations. </i>It has been accounted for as an asset acquisition with the purchase price allocated based on the estimated fair value of the assets and liabilities summarized as follows:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; "> <td style="border-bottom: Black 1.5pt solid; width: 88%; font-weight: bold">Consideration</td><td style="padding-bottom: 1.5pt; width: 1%; font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; font-weight: bold; text-align: left"></td><td style="border-bottom: Black 1.5pt solid; width: 9%; font-weight: bold; text-align: center">$</td><td style="padding-bottom: 1.5pt; width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 9pt">Cash</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,000,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 9pt">Convertible promissory note</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,000,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 9pt">Fair value of replacement options</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">81,414</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 9pt">Transaction costs</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">493,127</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1.5pt">Total consideration value</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">120,574,541</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">Net assets acquired</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">$</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 9pt">Prepaids</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">42,374</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 9pt">Property, plant, and equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,111,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 9pt">Mineral properties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">120,196,484</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 9pt">Asset retirement obligations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(5,488,969</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Accounts payable and accrued liabilities</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(286,348</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-bottom: 1.5pt">Total net assets acquired</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">120,574,541</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table>
</cve:DisclosureOfAssetAcquisitionTableTextBlock>
<ifrs-full:OtherCashAndCashEquivalents contextRef="c2" decimals="0" id="ixv-12692" unitRef="usd"> 60000000 </ifrs-full:OtherCashAndCashEquivalents>
<cve:ConvertiblePromissoryNote contextRef="c2" decimals="0" id="ixv-12693" unitRef="usd"> 60000000 </cve:ConvertiblePromissoryNote>
<cve:FairValueOfReplacementOptions contextRef="c2" decimals="0" id="ixv-12694" unitRef="usd"> 81414 </cve:FairValueOfReplacementOptions>
<cve:TransactionCosts contextRef="c2" decimals="0" id="ixv-12695" unitRef="usd"> 493127 </cve:TransactionCosts>
<ifrs-full:AcquisitiondateFairValueOfTotalConsiderationTransferred contextRef="c2" decimals="0" id="ixv-12696" unitRef="usd"> 120574541 </ifrs-full:AcquisitiondateFairValueOfTotalConsiderationTransferred>
<ifrs-full:Prepayments contextRef="c2" decimals="0" id="ixv-12697" unitRef="usd"> 42374 </ifrs-full:Prepayments>
<ifrs-full:PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate contextRef="c2" decimals="0" id="ixv-12698" unitRef="usd"> 6111000 </ifrs-full:PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate>
<ifrs-full:AssetsArisingFromExplorationForAndEvaluationOfMineralResources contextRef="c2" decimals="0" id="ixv-12699" unitRef="usd"> 120196484 </ifrs-full:AssetsArisingFromExplorationForAndEvaluationOfMineralResources>
<cve:AssetRetirementObligations contextRef="c2" decimals="0" id="ixv-12700" unitRef="usd"> -5488969 </cve:AssetRetirementObligations>
<cve:AccountsPayableAndAccruedLiability contextRef="c2" decimals="0" id="ixv-12701" unitRef="usd"> 286348 </cve:AccountsPayableAndAccruedLiability>
<ifrs-full:IdentifiableAssetsAcquiredLiabilitiesAssumed contextRef="c2" decimals="0" id="ixv-12702" unitRef="usd"> 120574541 </ifrs-full:IdentifiableAssetsAcquiredLiabilitiesAssumed>
<ifrs-full:DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory contextRef="c0" id="ixv-12703">
The value of the replacement options has been derived using the Black-Scholes option pricing model. The weighted average assumptions used in the Black-Scholes option pricing model are as follows:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Weighted Average</td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-indent: 0pt; padding-left: 0pt">Exercise Price</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">3.10</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: 0pt; padding-left: 0pt">Share price</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">3.20</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Discount Rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3.39</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Expected life (years)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5.00</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Volatility</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">99.48</td><td style="padding-bottom: 1.5pt; text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Fair value of replacement options (CAD per option):</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">2.43</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table>
</ifrs-full:DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory>
<ifrs-full:ExercisePriceShareOptionsGranted2019 contextRef="c176" decimals="2" id="ixv-12704" unitRef="usdPershares"> 3.1 </ifrs-full:ExercisePriceShareOptionsGranted2019>
<ifrs-full:WeightedAverageSharePriceShareOptionsGranted2019 contextRef="c176" decimals="2" id="ixv-12705" unitRef="usdPershares"> 3.2 </ifrs-full:WeightedAverageSharePriceShareOptionsGranted2019>
<ifrs-full:ActuarialAssumptionOfDiscountRates contextRef="c177" decimals="4" id="ixv-12706" unitRef="pure"> 0.0339 </ifrs-full:ActuarialAssumptionOfDiscountRates>
<ifrs-full:WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019 contextRef="c176" id="ixv-12707"> P5Y </ifrs-full:WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019>
<ifrs-full:DescriptionOfExpectedVolatilityShareOptionsGranted contextRef="c176" decimals="4" id="ixv-12708" unitRef="pure"> 0.9948 </ifrs-full:DescriptionOfExpectedVolatilityShareOptionsGranted>
<cve:FairValueOfReplacement contextRef="c176" decimals="2" id="ixv-12709" unitRef="usdPershares"> 2.43 </cve:FairValueOfReplacement>
<ifrs-full:NumberOfSharesIssued contextRef="c175" decimals="0" id="ixv-12710" unitRef="shares"> 44681 </ifrs-full:NumberOfSharesIssued>
<ifrs-full:IssuesFairValueMeasurementAssets contextRef="c0" decimals="0" id="ixv-12711" unitRef="usd"> 81414 </ifrs-full:IssuesFairValueMeasurementAssets>
<ifrs-full:IssuesFairValueMeasurementAssets contextRef="c0" decimals="0" id="ixv-12712" unitRef="cad"> 108636 </ifrs-full:IssuesFairValueMeasurementAssets>
<cve:DisclosureOfMineralPropertiesTextBlock contextRef="c0" id="ixv-6911">
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><b>9.</b></td><td style="text-align: justify"><b>Mineral properties</b></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Arizona $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Colorado $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">New Mexico<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">South Dakota<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Texas<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Utah<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Wyoming<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Total<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 36%; padding-bottom: 1.5pt; text-indent: -0.125in; padding-left: 0.125in">Balance, December 31, 2021</td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 5%; border-bottom: Black 1.5pt solid; text-align: right">900,719</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 5%; border-bottom: Black 1.5pt solid; text-align: right">619,902</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 5%; border-bottom: Black 1.5pt solid; text-align: right">4,395,822</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 5%; border-bottom: Black 1.5pt solid; text-align: right">85,667,919</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 5%; border-bottom: Black 1.5pt solid; text-align: right">1,455,206</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 5%; border-bottom: Black 1.5pt solid; text-align: right">1,804,283</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 5%; border-bottom: Black 1.5pt solid; text-align: right">41,235,727</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="width: 5%; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">136,079,578</td><td style="width: 1%; padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Exploration costs:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.25in">Drilling</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-180; font-size: 10pt">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-181">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-182">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-183">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">197,422</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-184">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-185">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">197,422</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Acquisition, maintenance and lease fees</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">111,004</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-186">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">472,401</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-187">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,523,123</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">39,566</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">397,324</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,543,418</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Permitting & Licensing</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-188">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(30,280</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-189">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">251,863</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">339,225</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,698</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">273,726</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">840,232</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.25in">Personnel</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,621</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-190">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">301,066</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">280,341</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19,620</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">207,518</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">821,666</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.25in">Recoveries</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-191">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(20,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-192">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-193">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-194">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-195">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(22,000</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Resource review</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">118,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-196">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">37,125</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-197">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">47,104</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,680</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,080</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">214,489</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in">Divestment:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Divestment of mineral interest</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-198">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-199">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-200">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-201">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-202">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(28,485</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-203">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(28,485</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Assets held for sale</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(358,969</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-204">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-205">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-206">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-207">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-208">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(369,913</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(728,882</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Project development costs:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.25in">Construction of wellfields</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-209">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-210">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-211">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-212">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,670,151</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-213">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-214">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,670,151</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.25in">Drilling</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-215">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-216">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-217">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-218">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,109,835</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-219">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-220">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,109,835</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-indent: -0.125in; padding-left: 0.25in">Personnel</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-221">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-222">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-223">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-224">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">521,662</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-225">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-226">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">521,662</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; text-indent: -0.125in; padding-left: 0.125in">Balance, December 31, 2022</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">775,754</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">578,243</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">4,905,348</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">86,220,848</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">9,144,069</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">1,840,362</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">41,754,462</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">145,219,086</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Exploration costs: </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Drilling<br/></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-227">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-228">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-229">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-230">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,300</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-231">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-232">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,300</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Acquisition, maintenance and lease fees</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">99,415</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,544</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">49,370</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">312,927</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">121,414,182</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">49,910</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">296,298</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">122,226,646</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.25in">Consulting</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">141</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,566</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">138</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,742</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">96,937</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">552</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">38,511</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">145,587</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.25in">Personnel</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-233">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,069</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-234">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">174,850</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">426,773</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-235">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">75,317</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">685,009</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.25in">Impairment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-236">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-237">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-238">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-239">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,537,168</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(658</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-240">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,537,826</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Divestment:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Divestment of mineral interest</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(358,969</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-241">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,433,353</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-242">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-243">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-244">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(376,039</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,168,361</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Assets held for sale</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">358,969</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-245">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-246">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-247">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-248">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-249">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">369,913</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">728,882</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Project development costs:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.25in">Construction of wellfields</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-250">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-251">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-252">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-253">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,060,260</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-254">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-255">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,060,260</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.25in">Drilling</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-256">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-257">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-258">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-259">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,898,856</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-260">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-261">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,898,856</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.25in">Personnel</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-262">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-263">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-264">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-265">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,245,519</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-266">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-267">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,245,519</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in">Reclassification</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: -0.125in; padding-left: 0.25in">Reclassification to mining properties</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-268">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-269">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-270">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-271">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(5,301,820</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-272">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-273">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(5,301,820</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; padding-bottom: 4pt; text-indent: -0.125in; padding-left: 0.125in">Balance, December 31, 2023</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">875,310</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">595,422</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">2,521,503</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">86,713,367</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">132,454,908</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">1,890,166</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">42,158,462</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">267,209,138</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">  </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Assets Held for Sale</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">On April 1, 2023, the Company divested its subsidiaries Belt Line Resources, Inc. and Hydro Restoration Corp to NFI (Note 4). Beltline Resources, Inc owned the Moonshine Springs project in Arizona. Hydro Restoration Corp owned the Kaycee and Bootheel projects in Wyoming. Pursuant to two Share Purchase Agreements dated November 3, 2022, the Company received 8,566,975 shares of NFI with a fair value of $2,792,500. The net book value of the two subsidiaries was $735,863 at the transaction date, resulting in a gain on divestment of subsidiary of $2,056,637.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><span style="text-decoration:underline">Arizona</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company owns or controls several Arizona State mineral leases and unpatented federal lode mining claims covering acreage in northern Arizona strip district.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">At December 31, 2023, the Company held cash bonds for $88,500 (December 31, 2022 - $88,500) with the Bureau of Land Management. Subsequent to the period ended December 31, 2023, the bond has been released and funds have been returned to the Company (Note 19).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b><span style="text-decoration:underline">Colorado</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b><i>Centennial</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Centennial Uranium Project is located in Colorado. In 2006, the Company entered into an option agreement to purchase uranium rights on certain areas of the Centennial Project for consideration of $1,895,000 plus contingent payments of $3,165,000. Pursuant to the agreement, the contingent payments are payable upon receipt of regulatory permits and licenses allowing uranium production. If the Company does not obtain such permits and licenses by September 27, 2019, the uranium rights, at the option of the seller, can be transferred back to the seller. To date, the Company has neither obtained the required permits and licenses, nor has it been able to renegotiate the option agreement. The Company is attempting to renegotiate the option agreement and the seller has not exercised its option to have the uranium rights transferred back.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><span style="text-decoration:underline">New Mexico</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">On July 20, 2023, the Company divested its subsidiary Neutron Energy, Inc, including its holding of the Marquez-Juan Tafoya Uranium Project to Anfield Energy, Inc. Pursuant to a Share Purchase Agreement, the Company received cash consideration of $3,796,000 (C$5,000,000) and 500,000,000 shares of Anfield with a fair value of $7,022,600. (Note 4). The net book value of the subsidiary was $2,433,353 at the transaction date, transaction costs of $423,387 were incurred and $32,826 in currency exchange effect was recognized resulting in a gain on divestment of subsidiary of $7,994,688.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><i>Nose Rock</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Nose Rock Project is located in McKinley County, New Mexico.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b><i>Treeline</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Treeline project is located in McKinley and Cibola Counties, Grants Uranium District, New Mexico.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><i>McKinley, Crownpoint and Hosta Butte</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company owns a 100% interest in the McKinley properties and a 60 - 100% interest in the adjacent Crownpoint and Hosta Butte properties, all of which are located in McKinley County, New Mexico. The Company holds a 60% interest in a portion of a certain section at Crownpoint. The Company owns a 100% interest in the rest of the Crownpoint and Hosta Butte project area, subject to a 3% gross profit royalty on uranium produced.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><i>West Largo</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The West Largo Project is near the Grants Mineral Belt in McKinley County, New Mexico.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><i>Other New Mexico Properties</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company holds mineral properties in an area located primarily in McKinley County in northwestern New Mexico.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In January 2022, the Company divested certain mineral interest to Ambrosia Solar, LLC (“Ambrosia”). The assets, having no net book value at the transaction date, resulted in a gain on disposal of the mineral interests of $48,480 recorded on the Company’s consolidated statements of loss and comprehensive loss.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Under the agreement, Ambrosia retained the right to acquire the uranium mineral rights associated with the property by quit claim deed to be furnished by the Company. In 2023, the Company received an additional payment of $24,240 to extend the option through January 14, 2024 which was recorded on the Company’s consolidated statements of loss and comprehensive loss. Subsequent to the year ended December 31, 2023, Ambrosia exercised its final option to complete the purchase of these rights and the Company received an additional payment of $24,240.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Related to a 2021 agreement, Wildcat Solar Power Plant, LLC exercised its option to acquire rights to certain mineral interests in September 2023. $16,000 was received in consideration. The asset having no net book value at the transaction date, resulted in a gain on disposal of the mineral interests of $16,000 recorded on the Company’s consolidated statement of comprehensive loss.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><span style="text-decoration:underline">South Dakota</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><i>Dewey-Burdock</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Dewey-Burdock Project is an in-situ recovery uranium project located near Edgemont, South Dakota.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><span style="text-decoration:underline">Texas</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><i>Kingsville Dome</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Kingsville Dome project is located in Kleberg County, Texas on land owned by the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><i>Rosita</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Rosita Project is located in Duval County, Texas on land owned by the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">At December 31, 2023, in accordance with its material accounting policy for mineral properties, the Company assessed its Rosita South Extension mineral property assets for impairment and found that the asset at a carrying value of $6,757,297 and a recoverable value of $5,301,822, resulting in an impairment charge of $1,455,475 on the Company’s consolidation statement of loss and comprehensive loss. Subsequent to recording impairment, the asset was reclassified as a Mining property asset (Note 10).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><i>Upper Spring Creek</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Upper Spring Creek Project is located in Live Oak and Bee counties in Texas.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><i>Butler Ranch</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Butler Ranch Exploration project is located in Karnes County, Texas.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><i>Alta Mesa Project</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Alta Mesa Project is located in Brooks County, Texas.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Subsequent to the period ended December 31, 2023, the Company completed several transactions under a master transaction agreement with an unrelated company Boss Energy Ltd. The completion of this transaction resulted in the <span>Company holding a 70% interest in the project while also remaining as the project manager. Boss Energy Ltd. holds a 30% interest in the project (Note 19)</span>.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b><span style="text-decoration:underline">Utah</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b><i>Ticaboo</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company owns three portions of a claim block located in Shootarang Canyon, Utah. The Company has a federal Plan of Operation and State of Utah approval for processing of the assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><i>Other Utah Properties</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company owns various mining claims throughout Utah, as well as its Cedar Mountain project located northwest of the White Mesa Mill in Blanding County, Utah.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><span style="text-decoration:underline">Wyoming</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><i>Gas Hills</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Gas Hills Project is located in Riverton, Wyoming.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><i>Dewey Terrace</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Dewey Terrace Project is located in Weston and Niobrara Counties of Wyoming. The project is adjacent to the Company’s NRC licensed Dewey-Burdock Project along the Wyoming-South Dakota state line.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b><i>Juniper Ridge</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Juniper Ridge Project is located in the southwest portion of Wyoming.</p>
</cve:DisclosureOfMineralPropertiesTextBlock>
<cve:ScheduleOfMineralPropertiesTableTextBlock contextRef="c0" id="ixv-6920">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Arizona $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Colorado $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">New Mexico<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">South Dakota<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Texas<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Utah<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Wyoming<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Total<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 36%; padding-bottom: 1.5pt; text-indent: -0.125in; padding-left: 0.125in">Balance, December 31, 2021</td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 5%; border-bottom: Black 1.5pt solid; text-align: right">900,719</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 5%; border-bottom: Black 1.5pt solid; text-align: right">619,902</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 5%; border-bottom: Black 1.5pt solid; text-align: right">4,395,822</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 5%; border-bottom: Black 1.5pt solid; text-align: right">85,667,919</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 5%; border-bottom: Black 1.5pt solid; text-align: right">1,455,206</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 5%; border-bottom: Black 1.5pt solid; text-align: right">1,804,283</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 5%; border-bottom: Black 1.5pt solid; text-align: right">41,235,727</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="width: 5%; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">136,079,578</td><td style="width: 1%; padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Exploration costs:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.25in">Drilling</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-180; font-size: 10pt">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-181">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-182">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-183">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">197,422</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-184">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-185">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">197,422</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Acquisition, maintenance and lease fees</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">111,004</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-186">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">472,401</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-187">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,523,123</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">39,566</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">397,324</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,543,418</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Permitting & Licensing</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-188">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(30,280</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-189">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">251,863</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">339,225</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,698</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">273,726</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">840,232</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.25in">Personnel</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,621</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-190">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">301,066</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">280,341</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19,620</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">207,518</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">821,666</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.25in">Recoveries</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-191">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(20,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-192">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-193">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-194">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-195">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(22,000</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Resource review</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">118,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-196">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">37,125</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-197">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">47,104</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,680</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,080</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">214,489</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in">Divestment:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Divestment of mineral interest</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-198">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-199">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-200">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-201">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-202">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(28,485</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-203">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(28,485</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Assets held for sale</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(358,969</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-204">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-205">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-206">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-207">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-208">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(369,913</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(728,882</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Project development costs:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.25in">Construction of wellfields</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-209">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-210">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-211">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-212">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,670,151</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-213">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-214">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,670,151</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.25in">Drilling</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-215">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-216">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-217">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-218">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,109,835</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-219">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-220">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,109,835</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-indent: -0.125in; padding-left: 0.25in">Personnel</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-221">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-222">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-223">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-224">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">521,662</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-225">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-226">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">521,662</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; text-indent: -0.125in; padding-left: 0.125in">Balance, December 31, 2022</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">775,754</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">578,243</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">4,905,348</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">86,220,848</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">9,144,069</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">1,840,362</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">41,754,462</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">145,219,086</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Exploration costs: </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Drilling<br/></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-227">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-228">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-229">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-230">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,300</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-231">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-232">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,300</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Acquisition, maintenance and lease fees</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">99,415</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,544</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">49,370</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">312,927</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">121,414,182</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">49,910</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">296,298</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">122,226,646</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.25in">Consulting</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">141</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,566</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">138</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,742</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">96,937</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">552</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">38,511</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">145,587</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.25in">Personnel</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-233">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,069</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-234">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">174,850</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">426,773</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-235">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">75,317</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">685,009</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.25in">Impairment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-236">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-237">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-238">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-239">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,537,168</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(658</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-240">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,537,826</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Divestment:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Divestment of mineral interest</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(358,969</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-241">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,433,353</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-242">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-243">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-244">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(376,039</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,168,361</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.25in">Assets held for sale</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">358,969</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-245">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-246">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-247">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-248">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-249">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">369,913</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">728,882</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Project development costs:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.25in">Construction of wellfields</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-250">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-251">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-252">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-253">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,060,260</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-254">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-255">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,060,260</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.25in">Drilling</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-256">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-257">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-258">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-259">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,898,856</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-260">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-261">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,898,856</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.25in">Personnel</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-262">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-263">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-264">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-265">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,245,519</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-266">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-267">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,245,519</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in">Reclassification</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: -0.125in; padding-left: 0.25in">Reclassification to mining properties</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-268">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-269">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-270">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-271">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(5,301,820</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-272">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-273">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(5,301,820</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; padding-bottom: 4pt; text-indent: -0.125in; padding-left: 0.125in">Balance, December 31, 2023</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">875,310</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">595,422</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">2,521,503</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">86,713,367</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">132,454,908</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">1,890,166</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">42,158,462</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">267,209,138</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">  </p>
</cve:ScheduleOfMineralPropertiesTableTextBlock>
<cve:MineralProperties contextRef="c195" decimals="0" id="ixv-12713" unitRef="usd"> 900719 </cve:MineralProperties>
<cve:MineralProperties contextRef="c196" decimals="0" id="ixv-12714" unitRef="usd"> 619902 </cve:MineralProperties>
<cve:MineralProperties contextRef="c197" decimals="0" id="ixv-12715" unitRef="usd"> 4395822 </cve:MineralProperties>
<cve:MineralProperties contextRef="c198" decimals="0" id="ixv-12716" unitRef="usd"> 85667919 </cve:MineralProperties>
<cve:MineralProperties contextRef="c199" decimals="0" id="ixv-12717" unitRef="usd"> 1455206 </cve:MineralProperties>
<cve:MineralProperties contextRef="c200" decimals="0" id="ixv-12718" unitRef="usd"> 1804283 </cve:MineralProperties>
<cve:MineralProperties contextRef="c201" decimals="0" id="ixv-12719" unitRef="usd"> 41235727 </cve:MineralProperties>
<cve:MineralProperties contextRef="c5" decimals="0" id="ixv-12720" unitRef="usd"> 136079578 </cve:MineralProperties>
<cve:Drilling contextRef="c206" decimals="0" id="ixv-12721" unitRef="usd"> 197422 </cve:Drilling>
<cve:Drilling contextRef="c209" decimals="0" id="ixv-12722" unitRef="usd"> 197422 </cve:Drilling>
<cve:MaintenancesAndLeaseFees contextRef="c202" decimals="0" id="ixv-12723" unitRef="usd"> 111004 </cve:MaintenancesAndLeaseFees>
<cve:MaintenancesAndLeaseFees contextRef="c204" decimals="0" id="ixv-12724" unitRef="usd"> 472401 </cve:MaintenancesAndLeaseFees>
<cve:MaintenancesAndLeaseFees contextRef="c206" decimals="0" id="ixv-12725" unitRef="usd"> 2523123 </cve:MaintenancesAndLeaseFees>
<cve:MaintenancesAndLeaseFees contextRef="c207" decimals="0" id="ixv-12726" unitRef="usd"> 39566 </cve:MaintenancesAndLeaseFees>
<cve:MaintenancesAndLeaseFees contextRef="c208" decimals="0" id="ixv-12727" unitRef="usd"> 397324 </cve:MaintenancesAndLeaseFees>
<cve:MaintenancesAndLeaseFees contextRef="c209" decimals="0" id="ixv-12728" unitRef="usd"> 3543418 </cve:MaintenancesAndLeaseFees>
<cve:PermittingLicensing contextRef="c203" decimals="0" id="ixv-12729" unitRef="usd"> -30280 </cve:PermittingLicensing>
<cve:PermittingLicensing contextRef="c205" decimals="0" id="ixv-12730" unitRef="usd"> 251863 </cve:PermittingLicensing>
<cve:PermittingLicensing contextRef="c206" decimals="0" id="ixv-12731" unitRef="usd"> 339225 </cve:PermittingLicensing>
<cve:PermittingLicensing contextRef="c207" decimals="0" id="ixv-12732" unitRef="usd"> 5698 </cve:PermittingLicensing>
<cve:PermittingLicensing contextRef="c208" decimals="0" id="ixv-12733" unitRef="usd"> 273726 </cve:PermittingLicensing>
<cve:PermittingLicensing contextRef="c209" decimals="0" id="ixv-12734" unitRef="usd"> 840232 </cve:PermittingLicensing>
<cve:Personnel contextRef="c202" decimals="0" id="ixv-12735" unitRef="usd"> 4500 </cve:Personnel>
<cve:Personnel contextRef="c203" decimals="0" id="ixv-12736" unitRef="usd"> 8621 </cve:Personnel>
<cve:Personnel contextRef="c205" decimals="0" id="ixv-12737" unitRef="usd"> 301066 </cve:Personnel>
<cve:Personnel contextRef="c206" decimals="0" id="ixv-12738" unitRef="usd"> 280341 </cve:Personnel>
<cve:Personnel contextRef="c207" decimals="0" id="ixv-12739" unitRef="usd"> 19620 </cve:Personnel>
<cve:Personnel contextRef="c208" decimals="0" id="ixv-12740" unitRef="usd"> 207518 </cve:Personnel>
<cve:Personnel contextRef="c209" decimals="0" id="ixv-12741" unitRef="usd"> 821666 </cve:Personnel>
<cve:Recoveries contextRef="c203" decimals="0" id="ixv-12742" unitRef="usd"> -20000 </cve:Recoveries>
<cve:Recoveries contextRef="c207" decimals="0" id="ixv-12743" unitRef="usd"> -2000 </cve:Recoveries>
<cve:Recoveries contextRef="c209" decimals="0" id="ixv-12744" unitRef="usd"> -22000 </cve:Recoveries>
<cve:ResourceReview contextRef="c202" decimals="0" id="ixv-12745" unitRef="usd"> 118500 </cve:ResourceReview>
<cve:ResourceReview contextRef="c204" decimals="0" id="ixv-12746" unitRef="usd"> 37125 </cve:ResourceReview>
<cve:ResourceReview contextRef="c206" decimals="0" id="ixv-12747" unitRef="usd"> 47104 </cve:ResourceReview>
<cve:ResourceReview contextRef="c207" decimals="0" id="ixv-12748" unitRef="usd"> 1680 </cve:ResourceReview>
<cve:ResourceReview contextRef="c208" decimals="0" id="ixv-12749" unitRef="usd"> 10080 </cve:ResourceReview>
<cve:ResourceReview contextRef="c209" decimals="0" id="ixv-12750" unitRef="usd"> 214489 </cve:ResourceReview>
<cve:DivestMineralInterest contextRef="c215" decimals="0" id="ixv-12751" unitRef="usd"> 28485 </cve:DivestMineralInterest>
<cve:DivestMineralInterest contextRef="c217" decimals="0" id="ixv-12752" unitRef="usd"> 28485 </cve:DivestMineralInterest>
<cve:AssetsHeldForSale contextRef="c210" decimals="0" id="ixv-12753" unitRef="usd"> 358969 </cve:AssetsHeldForSale>
<cve:AssetsHeldForSale contextRef="c216" decimals="0" id="ixv-12754" unitRef="usd"> 369913 </cve:AssetsHeldForSale>
<cve:AssetsHeldForSale contextRef="c217" decimals="0" id="ixv-12755" unitRef="usd"> 728882 </cve:AssetsHeldForSale>
<cve:ConstructionOfWellfields contextRef="c222" decimals="0" id="ixv-12756" unitRef="usd"> 1670151 </cve:ConstructionOfWellfields>
<cve:ConstructionOfWellfields contextRef="c225" decimals="0" id="ixv-12757" unitRef="usd"> 1670151 </cve:ConstructionOfWellfields>
<cve:Drilling contextRef="c222" decimals="0" id="ixv-12758" unitRef="usd"> 2109835 </cve:Drilling>
<cve:Drilling contextRef="c225" decimals="0" id="ixv-12759" unitRef="usd"> 2109835 </cve:Drilling>
<cve:Personnel contextRef="c222" decimals="0" id="ixv-12760" unitRef="usd"> 521662 </cve:Personnel>
<cve:Personnel contextRef="c225" decimals="0" id="ixv-12761" unitRef="usd"> 521662 </cve:Personnel>
<cve:MineralProperties contextRef="c226" decimals="0" id="ixv-12762" unitRef="usd"> 775754 </cve:MineralProperties>
<cve:MineralProperties contextRef="c227" decimals="0" id="ixv-12763" unitRef="usd"> 578243 </cve:MineralProperties>
<cve:MineralProperties contextRef="c228" decimals="0" id="ixv-12764" unitRef="usd"> 4905348 </cve:MineralProperties>
<cve:MineralProperties contextRef="c229" decimals="0" id="ixv-12765" unitRef="usd"> 86220848 </cve:MineralProperties>
<cve:MineralProperties contextRef="c230" decimals="0" id="ixv-12766" unitRef="usd"> 9144069 </cve:MineralProperties>
<cve:MineralProperties contextRef="c231" decimals="0" id="ixv-12767" unitRef="usd"> 1840362 </cve:MineralProperties>
<cve:MineralProperties contextRef="c232" decimals="0" id="ixv-12768" unitRef="usd"> 41754462 </cve:MineralProperties>
<cve:MineralProperties contextRef="c233" decimals="0" id="ixv-12769" unitRef="usd"> 145219086 </cve:MineralProperties>
<cve:Drilling contextRef="c238" decimals="0" id="ixv-12770" unitRef="usd"> 7300 </cve:Drilling>
<cve:Drilling contextRef="c241" decimals="0" id="ixv-12771" unitRef="usd"> 7300 </cve:Drilling>
<cve:MaintenancesAndLeaseFees contextRef="c234" decimals="0" id="ixv-12772" unitRef="usd"> 99415 </cve:MaintenancesAndLeaseFees>
<cve:MaintenancesAndLeaseFees contextRef="c235" decimals="0" id="ixv-12773" unitRef="usd"> 4544 </cve:MaintenancesAndLeaseFees>
<cve:MaintenancesAndLeaseFees contextRef="c236" decimals="0" id="ixv-12774" unitRef="usd"> 49370 </cve:MaintenancesAndLeaseFees>
<cve:MaintenancesAndLeaseFees contextRef="c237" decimals="0" id="ixv-12775" unitRef="usd"> 312927 </cve:MaintenancesAndLeaseFees>
<cve:MaintenancesAndLeaseFees contextRef="c238" decimals="0" id="ixv-12776" unitRef="usd"> 121414182 </cve:MaintenancesAndLeaseFees>
<cve:MaintenancesAndLeaseFees contextRef="c239" decimals="0" id="ixv-12777" unitRef="usd"> 49910 </cve:MaintenancesAndLeaseFees>
<cve:MaintenancesAndLeaseFees contextRef="c240" decimals="0" id="ixv-12778" unitRef="usd"> 296298 </cve:MaintenancesAndLeaseFees>
<cve:MaintenancesAndLeaseFees contextRef="c241" decimals="0" id="ixv-12779" unitRef="usd"> 122226646 </cve:MaintenancesAndLeaseFees>
<cve:Consulting contextRef="c234" decimals="0" id="ixv-12780" unitRef="usd"> 141 </cve:Consulting>
<cve:Consulting contextRef="c235" decimals="0" id="ixv-12781" unitRef="usd"> 4566 </cve:Consulting>
<cve:Consulting contextRef="c236" decimals="0" id="ixv-12782" unitRef="usd"> 138 </cve:Consulting>
<cve:Consulting contextRef="c237" decimals="0" id="ixv-12783" unitRef="usd"> 4742 </cve:Consulting>
<cve:Consulting contextRef="c238" decimals="0" id="ixv-12784" unitRef="usd"> 96937 </cve:Consulting>
<cve:Consulting contextRef="c239" decimals="0" id="ixv-12785" unitRef="usd"> 552 </cve:Consulting>
<cve:Consulting contextRef="c240" decimals="0" id="ixv-12786" unitRef="usd"> 38511 </cve:Consulting>
<cve:Consulting contextRef="c241" decimals="0" id="ixv-12787" unitRef="usd"> 145587 </cve:Consulting>
<cve:Personnel contextRef="c235" decimals="0" id="ixv-12788" unitRef="usd"> 8069 </cve:Personnel>
<cve:Personnel contextRef="c237" decimals="0" id="ixv-12789" unitRef="usd"> 174850 </cve:Personnel>
<cve:Personnel contextRef="c238" decimals="0" id="ixv-12790" unitRef="usd"> 426773 </cve:Personnel>
<cve:Personnel contextRef="c240" decimals="0" id="ixv-12791" unitRef="usd"> 75317 </cve:Personnel>
<cve:Personnel contextRef="c241" decimals="0" id="ixv-12792" unitRef="usd"> 685009 </cve:Personnel>
<cve:ImpairmentCharged contextRef="c238" decimals="0" id="ixv-12793" unitRef="usd"> 1537168 </cve:ImpairmentCharged>
<cve:ImpairmentCharged contextRef="c239" decimals="0" id="ixv-12794" unitRef="usd"> 658 </cve:ImpairmentCharged>
<cve:ImpairmentCharged contextRef="c241" decimals="0" id="ixv-12795" unitRef="usd"> 1537826 </cve:ImpairmentCharged>
<cve:DivestMineralInterest contextRef="c242" decimals="0" id="ixv-12796" unitRef="usd"> 358969 </cve:DivestMineralInterest>
<cve:DivestMineralInterest contextRef="c244" decimals="0" id="ixv-12797" unitRef="usd"> 2433353 </cve:DivestMineralInterest>
<cve:DivestMineralInterest contextRef="c248" decimals="0" id="ixv-12798" unitRef="usd"> 376039 </cve:DivestMineralInterest>
<cve:DivestMineralInterest contextRef="c249" decimals="0" id="ixv-12799" unitRef="usd"> 3168361 </cve:DivestMineralInterest>
<cve:AssetsHeldForSale contextRef="c242" decimals="0" id="ixv-12800" unitRef="usd"> -358969 </cve:AssetsHeldForSale>
<cve:AssetsHeldForSale contextRef="c248" decimals="0" id="ixv-12801" unitRef="usd"> -369913 </cve:AssetsHeldForSale>
<cve:AssetsHeldForSale contextRef="c249" decimals="0" id="ixv-12802" unitRef="usd"> -728882 </cve:AssetsHeldForSale>
<cve:ConstructionOfWellfields contextRef="c254" decimals="0" id="ixv-12803" unitRef="usd"> 1060260 </cve:ConstructionOfWellfields>
<cve:ConstructionOfWellfields contextRef="c257" decimals="0" id="ixv-12804" unitRef="usd"> 1060260 </cve:ConstructionOfWellfields>
<cve:Drilling contextRef="c254" decimals="0" id="ixv-12805" unitRef="usd"> 5898856 </cve:Drilling>
<cve:Drilling contextRef="c257" decimals="0" id="ixv-12806" unitRef="usd"> 5898856 </cve:Drilling>
<cve:Personnel contextRef="c254" decimals="0" id="ixv-12807" unitRef="usd"> 1245519 </cve:Personnel>
<cve:Personnel contextRef="c257" decimals="0" id="ixv-12808" unitRef="usd"> 1245519 </cve:Personnel>
<cve:ReclassificationToMiningProperties contextRef="c262" decimals="0" id="ixv-12809" unitRef="usd"> -5301820 </cve:ReclassificationToMiningProperties>
<cve:ReclassificationToMiningProperties contextRef="c0" decimals="0" id="ixv-12810" unitRef="usd"> -5301820 </cve:ReclassificationToMiningProperties>
<cve:MineralProperties contextRef="c265" decimals="0" id="ixv-12811" unitRef="usd"> 875310 </cve:MineralProperties>
<cve:MineralProperties contextRef="c266" decimals="0" id="ixv-12812" unitRef="usd"> 595422 </cve:MineralProperties>
<cve:MineralProperties contextRef="c267" decimals="0" id="ixv-12813" unitRef="usd"> 2521503 </cve:MineralProperties>
<cve:MineralProperties contextRef="c268" decimals="0" id="ixv-12814" unitRef="usd"> 86713367 </cve:MineralProperties>
<cve:MineralProperties contextRef="c269" decimals="0" id="ixv-12815" unitRef="usd"> 132454908 </cve:MineralProperties>
<cve:MineralProperties contextRef="c270" decimals="0" id="ixv-12816" unitRef="usd"> 1890166 </cve:MineralProperties>
<cve:MineralProperties contextRef="c271" decimals="0" id="ixv-12817" unitRef="usd"> 42158462 </cve:MineralProperties>
<cve:MineralProperties contextRef="c2" decimals="0" id="ixv-12818" unitRef="usd"> 267209138 </cve:MineralProperties>
<ifrs-full:NumberOfSharesIssued contextRef="c178" decimals="0" id="ixv-12819" unitRef="shares"> 8566975 </ifrs-full:NumberOfSharesIssued>
<cve:FairValueAmount contextRef="c179" decimals="0" id="ixv-12820" unitRef="usd"> 2792500 </cve:FairValueAmount>
<ifrs-full:InvestmentsInSubsidiaries contextRef="c180" decimals="0" id="ixv-12821" unitRef="usd"> 735863 </ifrs-full:InvestmentsInSubsidiaries>
<ifrs-full:GainsLossesRecognisedWhenControlInSubsidiaryIsLost contextRef="c179" decimals="0" id="ixv-12822" unitRef="usd"> 2056637 </ifrs-full:GainsLossesRecognisedWhenControlInSubsidiaryIsLost>
<ifrs-full:LongtermDeposits contextRef="c2" decimals="0" id="ixv-12823" unitRef="usd"> 88500 </ifrs-full:LongtermDeposits>
<ifrs-full:LongtermDeposits contextRef="c3" decimals="0" id="ixv-12824" unitRef="usd"> 88500 </ifrs-full:LongtermDeposits>
<ifrs-full:ConsiderationPaidReceived contextRef="c181" decimals="0" id="ixv-12825" unitRef="usd"> 1895000 </ifrs-full:ConsiderationPaidReceived>
<ifrs-full:ContingentConsiderationRecognisedAsOfAcquisitionDate contextRef="c2" decimals="0" id="ixv-12826" unitRef="usd"> 3165000 </ifrs-full:ContingentConsiderationRecognisedAsOfAcquisitionDate>
<ifrs-full:ConsiderationPaidReceived contextRef="c182" decimals="0" id="ixv-12827" unitRef="usd"> 3796000 </ifrs-full:ConsiderationPaidReceived>
<ifrs-full:ConsiderationPaidReceived contextRef="c182" decimals="0" id="ixv-12828" unitRef="cad"> 5000000 </ifrs-full:ConsiderationPaidReceived>
<ifrs-full:NumberOfSharesIssued contextRef="c183" decimals="0" id="ixv-12829" unitRef="shares"> 500000000 </ifrs-full:NumberOfSharesIssued>
<ifrs-full:FinancialAssetsAtFairValue contextRef="c184" decimals="0" id="ixv-12830" unitRef="usd"> 7022600 </ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners contextRef="c184" decimals="0" id="ixv-12831" unitRef="usd"> 2433353 </ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners>
<cve:GainOnDisposalOfSubsidiary contextRef="c185" decimals="0" id="ixv-12832" unitRef="usd"> 423387 </cve:GainOnDisposalOfSubsidiary>
<ifrs-full:InterestCostsIncurred contextRef="c185" decimals="0" id="ixv-12833" unitRef="usd"> 32826 </ifrs-full:InterestCostsIncurred>
<ifrs-full:InvestmentsInSubsidiaries contextRef="c184" decimals="0" id="ixv-12834" unitRef="usd"> 7994688 </ifrs-full:InvestmentsInSubsidiaries>
<cve:InvestmentInterestRates contextRef="c186" decimals="2" id="ixv-12835" unitRef="pure"> 1 </cve:InvestmentInterestRates>
<cve:InvestmentInterestRates contextRef="c187" decimals="2" id="ixv-12836" unitRef="pure"> 0.60 </cve:InvestmentInterestRates>
<cve:InvestmentInterestRates contextRef="c188" decimals="2" id="ixv-12837" unitRef="pure"> 1 </cve:InvestmentInterestRates>
<cve:InterestRateHold contextRef="c189" decimals="2" id="ixv-12838" unitRef="pure"> 0.60 </cve:InterestRateHold>
<cve:InvestmentInterestRates contextRef="c0" decimals="2" id="ixv-12839" unitRef="pure"> 1 </cve:InvestmentInterestRates>
<cve:RoyaltyIncomeRate contextRef="c0" decimals="2" id="ixv-12840" unitRef="pure"> 0.03 </cve:RoyaltyIncomeRate>
<cve:DisposalOfTheMineralInterests contextRef="c190" decimals="0" id="ixv-12841" unitRef="usd"> 48480 </cve:DisposalOfTheMineralInterests>
<cve:AdditionalPayment contextRef="c191" decimals="0" id="ixv-12842" unitRef="usd"> 24240 </cve:AdditionalPayment>
<cve:AdditionalPayment contextRef="c0" decimals="0" id="ixv-12843" unitRef="usd"> 24240 </cve:AdditionalPayment>
<ifrs-full:ConsiderationPaidReceived contextRef="c192" decimals="0" id="ixv-12844" unitRef="usd"> 16000 </ifrs-full:ConsiderationPaidReceived>
<ifrs-full:GainsOnDisposalsOfInvestments contextRef="c192" decimals="0" id="ixv-12845" unitRef="usd"> 16000 </ifrs-full:GainsOnDisposalsOfInvestments>
<ifrs-full:PropertyPlantAndEquipmentCarryingAmountOfRevaluedAssets contextRef="c2" decimals="0" id="ixv-12846" unitRef="usd"> 6757297 </ifrs-full:PropertyPlantAndEquipmentCarryingAmountOfRevaluedAssets>
<ifrs-full:AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount contextRef="c2" decimals="0" id="ixv-12847" unitRef="usd"> 5301822 </ifrs-full:AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount>
<ifrs-full:ImpairmentLoss contextRef="c0" decimals="0" id="ixv-12848" unitRef="usd"> 1455475 </ifrs-full:ImpairmentLoss>
<cve:TransactionInterestPercentage contextRef="c193" decimals="2" id="ixv-12849" unitRef="pure"> 0.70 </cve:TransactionInterestPercentage>
<ifrs-full:PercentageOfVotingEquityInterestsAcquired contextRef="c194" decimals="2" id="ixv-12850" unitRef="pure"> 0.30 </ifrs-full:PercentageOfVotingEquityInterestsAcquired>
<cve:DisclosureOfMiningPropertiesTextBlock contextRef="c0" id="ixv-8465">
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in"><b>10.</b></td><td style="text-align: justify"><b>Mining properties</b></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">At December 31, 2023, in accordance with its material accounting policy for mineral properties, the Company reclassified its Rosita Extension mineral property to a producing mining property.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Significant judgment was used to determine the recoverable value in use of the Rosita Extension asset. Recoverability is dependent upon assumptions and judgments in pricing for future uranium sales, costs of production, and mineral reserves. Other assumptions used in the calculation of recoverable amounts are discount rates, future cash flows and profit margins. A 10% change in these assumptions could impact the potential impairment of this asset.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The mining property’s balance at December 31, 2023 and December 31, 2022 consists of:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Rosita Extension</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>$</b></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Total</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>$</b></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Balance, December 31, 2021</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-274">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-275">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: 0pt; padding-left: 0pt">Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-276">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-277">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Amortization</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-278">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-279">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Balance, December 31, 2022</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-280">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-281">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-indent: 0pt; padding-left: 0pt">Additions</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">5,301,820</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">5,301,820</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Amortization</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-282">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-283">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Balance, December 31, 2023</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">5,301,820</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">5,301,820</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table>
</cve:DisclosureOfMiningPropertiesTextBlock>
<cve:ImpairmentOfMiningPropertyPercentage contextRef="c0" decimals="2" id="ixv-12851" unitRef="pure"> 0.10 </cve:ImpairmentOfMiningPropertyPercentage>
<cve:ScheduleOfMiningPropertysTableTextBlock contextRef="c0" id="ixv-12852">
The mining property’s balance at December 31, 2023 and December 31, 2022 consists of:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Rosita Extension</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>$</b></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Total</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>$</b></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Balance, December 31, 2021</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-274">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-275">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: 0pt; padding-left: 0pt">Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-276">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-277">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Amortization</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-278">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-279">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Balance, December 31, 2022</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-280">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-281">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-indent: 0pt; padding-left: 0pt">Additions</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">5,301,820</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">5,301,820</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Amortization</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-282">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-283">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Balance, December 31, 2023</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">5,301,820</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">5,301,820</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table>
</cve:ScheduleOfMiningPropertysTableTextBlock>
<cve:AdditionsMiningProperty contextRef="c275" decimals="0" id="ixv-12853" unitRef="usd"> 5301820 </cve:AdditionsMiningProperty>
<cve:AdditionsMiningProperty contextRef="c0" decimals="0" id="ixv-12854" unitRef="usd"> 5301820 </cve:AdditionsMiningProperty>
<cve:AssetValue contextRef="c276" decimals="0" id="ixv-12855" unitRef="usd"> 5301820 </cve:AssetValue>
<cve:AssetValue contextRef="c2" decimals="0" id="ixv-12856" unitRef="usd"> 5301820 </cve:AssetValue>
<cve:AssetRetirementObligationsTextBlock contextRef="c0" id="ixv-8610">
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><b>11.</b></td><td style="text-align: justify"><b>Asset retirement obligations</b></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company is obligated by various federal and state mining laws and regulations which require the Company to reclaim surface areas and restore underground water quality for certain assets in Texas, Wyoming, Utah and Colorado. These projects must be returned to the pre-existing or background average quality after completion of mining.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company updates these reclamation provisions based on cash flow estimates, and changes in regulatory requirements and settlements annually. The Company used an inflation factor of 2.5% per year and a discount rate of 11% in estimating the present value of its future cash flows.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The asset retirement obligations balance by project is as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1.5pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31, 2023</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"><b>$</b></span></p></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif">December 31, 2022 <br/>$</span></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 76%"><span style="font-family: Times New Roman, Times, Serif">Kingsville</span></td><td style="font-family: Times New Roman, Times, Serif; width: 1%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; width: 9%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">2,458,564</span></td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; width: 1%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; width: 9%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">3,151,875</span></td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; "> <td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Rosita</span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">1,485,560</span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">1,298,397</span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Vasquez</span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">40,896</span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">34,274</span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; "> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Alta Mesa</span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">6,574,980</span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="-sec-ix-hidden: hidden-fact-284; font-family: Times New Roman, Times, Serif">-</span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Centennial</span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">168,806</span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">168,806</span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; "> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Gas Hills</span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">63,000</span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">63,000</span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif">Ticaboo</span></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif">36,000</span></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif">36,000</span></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; "> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif">Asset retirement obligations</span></td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><span style="font-family: Times New Roman, Times, Serif">10,827,806</span></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">4,752,352</span></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The asset retirement obligations continuity summary is as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; "> <td style="border-bottom: Black 1.5pt solid; width: 88%; font-weight: bold; text-align: left; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Asset retirement obligation</td><td style="width: 1%; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"></td><td style="border-bottom: Black 1.5pt solid; width: 9%; font-weight: bold; text-align: center">$</td><td style="width: 1%; padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Balance, December 31, 2021</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,176,493</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: 0pt; padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: 0pt; padding-left: 0pt">Accretion</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">429,956</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: 0pt; padding-left: 0pt">Settlement</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(11,324</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Change in estimates</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">157,227</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Balance, December 31, 2022</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,752,352</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Additions (Note 9)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,488,969</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: 0pt; padding-left: 0pt">Accretion</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,099,119</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: 0pt; padding-left: 0pt">Settlement</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(291,449</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Change in estimates</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(221,185</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Balance, December 31, 2023</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">10,827,806</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">At the year end, the undiscounted cash flows total $17,130,164 (December 31, 2022: $6,345,630).</p>
</cve:AssetRetirementObligationsTextBlock>
<ifrs-full:ActuarialAssumptionOfExpectedRatesOfInflation contextRef="c2" decimals="3" id="ixv-12857" unitRef="pure"> 0.025 </ifrs-full:ActuarialAssumptionOfExpectedRatesOfInflation>
<ifrs-full:DescriptionOfDiscountRatesAppliedToCashFlowProjections contextRef="c2" decimals="2" id="ixv-12858" unitRef="pure"> 0.11 </ifrs-full:DescriptionOfDiscountRatesAppliedToCashFlowProjections>
<cve:DisclosureOfAssetRetirementObligationsBalanceTableTextBlock contextRef="c0" id="ixv-12859">
The asset retirement obligations balance by project is as follows:<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1.5pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31, 2023</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"><b>$</b></span></p></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif">December 31, 2022 <br/>$</span></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; width: 76%"><span style="font-family: Times New Roman, Times, Serif">Kingsville</span></td><td style="font-family: Times New Roman, Times, Serif; width: 1%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; width: 9%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">2,458,564</span></td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; width: 1%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; width: 9%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">3,151,875</span></td><td style="font-family: Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; "> <td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Rosita</span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">1,485,560</span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">1,298,397</span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Vasquez</span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">40,896</span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">34,274</span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; "> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Alta Mesa</span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">6,574,980</span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="-sec-ix-hidden: hidden-fact-284; font-family: Times New Roman, Times, Serif">-</span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Centennial</span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">168,806</span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">168,806</span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; "> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Gas Hills</span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">63,000</span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">63,000</span></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif">Ticaboo</span></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif">36,000</span></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif">36,000</span></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: bottom; "> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif">Asset retirement obligations</span></td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: right"><span style="font-family: Times New Roman, Times, Serif">10,827,806</span></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">4,752,352</span></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table>
</cve:DisclosureOfAssetRetirementObligationsBalanceTableTextBlock>
<cve:AssetRetirementObligationsBalance contextRef="c277" decimals="0" id="ixv-12860" unitRef="usd"> 2458564 </cve:AssetRetirementObligationsBalance>
<cve:AssetRetirementObligationsBalance contextRef="c278" decimals="0" id="ixv-12861" unitRef="usd"> 3151875 </cve:AssetRetirementObligationsBalance>
<cve:AssetRetirementObligationsBalance contextRef="c279" decimals="0" id="ixv-12862" unitRef="usd"> 1485560 </cve:AssetRetirementObligationsBalance>
<cve:AssetRetirementObligationsBalance contextRef="c280" decimals="0" id="ixv-12863" unitRef="usd"> 1298397 </cve:AssetRetirementObligationsBalance>
<cve:AssetRetirementObligationsBalance contextRef="c281" decimals="0" id="ixv-12864" unitRef="usd"> 40896 </cve:AssetRetirementObligationsBalance>
<cve:AssetRetirementObligationsBalance contextRef="c282" decimals="0" id="ixv-12865" unitRef="usd"> 34274 </cve:AssetRetirementObligationsBalance>
<cve:AssetRetirementObligationsBalance contextRef="c283" decimals="0" id="ixv-12866" unitRef="usd"> 6574980 </cve:AssetRetirementObligationsBalance>
<cve:AssetRetirementObligationsBalance contextRef="c285" decimals="0" id="ixv-12867" unitRef="usd"> 168806 </cve:AssetRetirementObligationsBalance>
<cve:AssetRetirementObligationsBalance contextRef="c286" decimals="0" id="ixv-12868" unitRef="usd"> 168806 </cve:AssetRetirementObligationsBalance>
<cve:AssetRetirementObligationsBalance contextRef="c287" decimals="0" id="ixv-12869" unitRef="usd"> 63000 </cve:AssetRetirementObligationsBalance>
<cve:AssetRetirementObligationsBalance contextRef="c288" decimals="0" id="ixv-12870" unitRef="usd"> 63000 </cve:AssetRetirementObligationsBalance>
<cve:AssetRetirementObligationsBalance contextRef="c289" decimals="0" id="ixv-12871" unitRef="usd"> 36000 </cve:AssetRetirementObligationsBalance>
<cve:AssetRetirementObligationsBalance contextRef="c290" decimals="0" id="ixv-12872" unitRef="usd"> 36000 </cve:AssetRetirementObligationsBalance>
<cve:AssetRetirementObligationsBalance contextRef="c2" decimals="0" id="ixv-12873" unitRef="usd"> 10827806 </cve:AssetRetirementObligationsBalance>
<cve:AssetRetirementObligationsBalance contextRef="c3" decimals="0" id="ixv-12874" unitRef="usd"> 4752352 </cve:AssetRetirementObligationsBalance>
<cve:DisclosureOfAssetRetirementObligationsContinuityTableTextBlock contextRef="c0" id="ixv-12875">
The asset retirement obligations continuity summary is as follows:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; "> <td style="border-bottom: Black 1.5pt solid; width: 88%; font-weight: bold; text-align: left; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Asset retirement obligation</td><td style="width: 1%; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"></td><td style="border-bottom: Black 1.5pt solid; width: 9%; font-weight: bold; text-align: center">$</td><td style="width: 1%; padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Balance, December 31, 2021</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,176,493</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: 0pt; padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: 0pt; padding-left: 0pt">Accretion</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">429,956</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: 0pt; padding-left: 0pt">Settlement</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(11,324</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Change in estimates</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">157,227</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Balance, December 31, 2022</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,752,352</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Additions (Note 9)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,488,969</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: 0pt; padding-left: 0pt">Accretion</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,099,119</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: 0pt; padding-left: 0pt">Settlement</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(291,449</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Change in estimates</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(221,185</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Balance, December 31, 2023</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">10,827,806</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table>
</cve:DisclosureOfAssetRetirementObligationsContinuityTableTextBlock>
<cve:AssetRetirementObligationsBalance contextRef="c5" decimals="0" id="ixv-12876" unitRef="usd"> 4176493 </cve:AssetRetirementObligationsBalance>
<cve:AssetRetirementObligationsAccretion contextRef="c4" decimals="0" id="ixv-12877" unitRef="usd"> 429956 </cve:AssetRetirementObligationsAccretion>
<cve:AssetRetirementObligationsSettlement contextRef="c4" decimals="0" id="ixv-12878" unitRef="usd"> 11324 </cve:AssetRetirementObligationsSettlement>
<cve:AssetRetirementObligationsChangeInEstimates contextRef="c4" decimals="0" id="ixv-12879" unitRef="usd"> 157227 </cve:AssetRetirementObligationsChangeInEstimates>
<cve:AssetRetirementObligationsBalance contextRef="c3" decimals="0" id="ixv-12880" unitRef="usd"> 4752352 </cve:AssetRetirementObligationsBalance>
<cve:AssetRetirementObligationsAdditions contextRef="c0" decimals="0" id="ixv-12881" unitRef="usd"> 5488969 </cve:AssetRetirementObligationsAdditions>
<cve:AssetRetirementObligationsAccretion contextRef="c0" decimals="0" id="ixv-12882" unitRef="usd"> 1099119 </cve:AssetRetirementObligationsAccretion>
<cve:AssetRetirementObligationsSettlement contextRef="c0" decimals="0" id="ixv-12883" unitRef="usd"> 291449 </cve:AssetRetirementObligationsSettlement>
<cve:AssetRetirementObligationsChangeInEstimates contextRef="c0" decimals="0" id="ixv-12884" unitRef="usd"> -221185 </cve:AssetRetirementObligationsChangeInEstimates>
<cve:AssetRetirementObligationsBalance contextRef="c2" decimals="0" id="ixv-12885" unitRef="usd"> 10827806 </cve:AssetRetirementObligationsBalance>
<cve:UndiscountedCashFlows contextRef="c2" decimals="0" id="ixv-12886" unitRef="usd"> 17130164 </cve:UndiscountedCashFlows>
<cve:UndiscountedCashFlows contextRef="c3" decimals="0" id="ixv-12887" unitRef="usd"> 6345630 </cve:UndiscountedCashFlows>
<ifrs-full:DisclosureOfClassesOfShareCapitalExplanatory contextRef="c0" id="ixv-8891">
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><b>12.</b></td><td style="text-align: justify"><b>Share capital</b></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The authorized share capital of the Company consists of an unlimited number of common and preferred shares without par value.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">During the year ended December 31, 2023, the Company issued:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">i)</td><td style="text-align: justify">10,615,650 units for a public offering at a price of C$3.25 per unit for gross proceeds of $25,561,689 (C$34,500,863). Each unit consisted of one common share and <span style="-sec-ix-hidden: hidden-fact-298">one-half</span> share purchase warrant. Each whole warrant entitles the holder to purchase one additional share at a price of C$4.05 for a period of three years. The Company paid commissions of $1,504,047 (C$2,030,012) and other cash issuance costs of $391,939 (C$529,000).</td> </tr></table><p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">ii)</td><td style="text-align: justify">23,277,000 subscription receipts issued December 6, 2022 at a price of C$3.00 per Subscription Receipt were converted into units for gross proceeds of $51,737,788 (C$69,831,000). Each unit is comprised of one common share of enCore and one share purchase warrant. Each warrant entitles the holder to purchase one additional share at a price of C$3.75 for a period of three years. The Company paid commissions of $3,018,893 (C$4,074,600), other cash issuance costs of $171,365 (C$231,291) and issued 1,350,000 finders’ warrants with a fair value of $1,415,067 (C$1,909,916). 1,066,500 of the finder’s warrants are exercisable into one common share of the Company at a price of C$3.91 for 27 months from closing; 283,500 of the finder’s warrants are exercisable into one common share of the Company at a price of C$3.25 for 27 months from closing. The value of the finders’ warrants was derived using the Black-Scholes option pricing model.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">The weighted average assumptions used in the Black-Scholes option pricing model are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold">Weighted Average</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-indent: 0pt; padding-left: 0pt">Quantity</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1,066,500</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">263,500</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: 0pt; padding-left: 0pt">Exercise Price</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">3.91</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">3.25</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: 0pt; padding-left: 0pt">Share price</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">3.20</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">3.20</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Discount Rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4.19</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4.19</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Expected life (years)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2.25</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2.25</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Volatility</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">81.81</td><td style="padding-bottom: 1.5pt; text-align: left">%</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">81.81</td><td style="padding-bottom: 1.5pt; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Fair value of finders’ warrants (CAD per option):</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">1.38</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">1.54</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">  </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">iii)</td><td style="text-align: justify">6,034,478 common shares were issued on the exercise of warrants, for gross proceeds of $16,995,629.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">iv)</td><td style="text-align: justify">575,676 common shares were issued on the exercise of stock options, for gross proceeds of $557,465. In connection with the stock options exercised, the Company reclassified $1,041,239 from contributed surplus to share capital.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">v)</td><td style="text-align: justify">In June 2023 the Company filed a Canadian short form base shelf prospectus of $140 million and U.S. registration statement on Form F-10. The Company also filed a prospectus supplement, pursuant to which the Company may, at its discretion and from time-to-time, sell common shares of the Company for aggregate gross proceeds of up to $70.0 million. The sale of common shares is to be made through “at-the-market distributions” (“ATM”), as defined in the Canadian Securities Administrators’ National Instrument 44-102 Shelf Distributions, directly on a U.S. Exchange. At December 31, 2023, 15,690,943 common shares were sold in accordance with the Company’s ATM program for gross proceeds of $49,444,256.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in">During the year ended December 31, 2022, the Company issued:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">i)</td><td style="text-align: justify">6,535,947 units through a “bought deal” prospectus offering at a price of C$4.59 per unit, for gross proceeds of $23,057,411 (C$30,000,000). Each unit consisted of one common share and <span style="-sec-ix-hidden: hidden-fact-299">one-half</span> share purchase warrant. Each whole warrant entitles the holder to purchase one additional share at a price of C$6.00 for a period of two years. The Company paid commissions of $1,239,336 (C$1,612,500), other cash issuance costs of $234,539 (C$305,159) and issued 351,307 finders’ warrants with a fair value of $672,343 (C$874,785). The finder’s warrants are exercisable into one common share of the Company at a price of C$4.59 for two years from closing;</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">ii)</td><td style="text-align: justify">2,291,642 common shares were issued on the exercise of warrants, for gross proceeds of $2,452,227. In connection with certain of the warrants exercised, the Company reclassified $147,772 from contributed surplus and credited share capital;</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">iii)</td><td style="text-align: justify">1,016,436 common shares were issued on the exercised of stock options, for gross proceeds of $1,177,093. In connection with the stock options exercised, the Company reclassified $2,728,487 from contributed surplus and credited share capital; and</td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">iv)</td><td style="text-align: justify">193,348 common shares for the settlement and compensation for services received in relation to the Company’s acquisition of Azarga Uranium Corporation during the year ended December 31, 2021.</td> </tr></table><p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Stock options</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company adopted a Stock Option Plan (the “Plan”) under which it is authorized to grant options to Officers, Directors, employees and consultants enabling them to acquire common shares of the Company. The number of shares reserved for issuance under the Plan cannot exceed 10% of the outstanding common shares at the time of the grant. The options can be granted for a maximum of five years and vest as determined by the Board of Directors.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s stock options outstanding at December 31, 2023 and December 31, 2022, and the changes for the year then ended, are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Year ended<br/> December 31, 2023</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Year ended<br/> December 31, 2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center">Options</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Weighted<br/> average<br/> exercise price</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Options</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Weighted<br/> average<br/> exercise price</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">#</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">CAD $</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">#</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">CAD $</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%; text-align: left; text-indent: 0pt; padding-left: 0pt">Options outstanding, beginning of period/year</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">7,235,648</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2.52</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">5,272,294</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1.42</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: 0pt; padding-left: 0pt">Granted</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,670,181</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2.85</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,107,501</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4.10</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: 0pt; padding-left: 0pt">Exercised</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(575,676</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1.31</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,016,436</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1.51</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Forfeited/expired</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(917,271</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3.20</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(127,711</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3.60</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Options outstanding</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">8,412,882</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">2.63</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">7,235,648</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">2.52</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Options exercisable</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">5,921,267</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">2.39</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">4,928,144</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1.78</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">As of December 31, 2023, stock options outstanding were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">Options Outstanding</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">Options Exercisable</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">December 31, 2023</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">December 31, 2023</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: normal; font-style: normal; text-align: left">Option price<br/> per share</td><td style="padding-bottom: 1.5pt; font-weight: normal; font-style: normal"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-style: normal; font-weight: normal">Options</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-style: normal; font-weight: normal">#</span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="font-weight: normal; font-style: normal; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: normal; font-style: normal; text-align: center">Weighted<br/> remaining life <br/>(years)</td><td style="padding-bottom: 1.5pt; font-weight: normal; font-style: normal"> </td><td style="font-weight: normal; font-style: normal; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: normal; font-style: normal; text-align: center">Weighted<br/> exercise price <br/>CAD $</td><td style="padding-bottom: 1.5pt; font-weight: normal; font-style: normal"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-style: normal; font-weight: normal">Options</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-style: normal; font-weight: normal">#</span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="font-weight: normal; font-style: normal; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: normal; font-style: normal; text-align: center">Weighted<br/> exercise price <br/>CAD $</td><td style="padding-bottom: 1.5pt; font-weight: normal; font-style: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 1%; text-align: left">$</td> <td style="width: 14%; text-align: right">0.18 - 1.92</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 16%; text-align: right">2,792,289</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">0.33</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">0.77</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">2,792,289</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">0.77</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">$</td> <td style="text-align: right">2.40 - 3.79</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right">2,981,008</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1.43</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2.89</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,090,331</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2.92</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td> <td style="border-bottom: Black 1.5pt solid; text-align: right">4.20 - 5.76</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: right">2,639,585</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">0.93</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">4.30</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,038,647</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">4.33</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">8,412,882</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">2.68</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">2.63</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">5,921,267</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">2.39</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">During the year ended December 31, 2023, the Company granted an aggregate of 2,670,181 stock options to Directors, Officers, employees, and an accounting advisory consultant of the Company. A fair value of C$5,616,767 was calculated for these options as measured at the grant date using the Black-Scholes option pricing model.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">During the year ended December 31, 2022, the Company granted an aggregate of 3,107,501 stock options to Directors, Officers, and consultants of the Company. A fair value of $7,665,042 was calculated for these options as measured at the grant date using the Black-Scholes option pricing model.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company’s standard stock option vesting schedule calls for 25% every six months commencing six months after the grant date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">During the year ended December 31, 2023, the Company recognized stock option expense of $4,538,747 (December 31, 2022 - $5,744,655) for the vested portion of the stock options.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The fair value of all compensatory options granted is estimated on the grant date using the Black-Scholes option pricing model. The weighted average assumptions used in calculating the fair values are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap">December 31,</td><td style="vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap"> </td><td style="vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap">December 31,</td><td style="vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap">2023</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap">2022</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Risk-free interest rate</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">3.34</td><td style="width: 1%; text-align: left">%</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2.06</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Expected life of option</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">5.0 years</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">4.9 years</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Expected dividend yield</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Expected stock price volatility</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">95.43</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">116.48</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Fair value per option</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">CAD $2.10</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">CAD $3.21</span></td><td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>Share purchase warrants</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">A summary of the status of the Company’s warrants as of December 31, 2023, and December 31, 2022, and changes during the year then ended is as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center; white-space: nowrap"><b> </b></td><td style="padding-bottom: 1.5pt; vertical-align: bottom; white-space: nowrap; text-align: center"><b> </b></td> <td colspan="6" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center; white-space: nowrap"><b>Year ended<br/> December 31, 2023</b></td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; white-space: nowrap"><b> </b></td><td style="padding-bottom: 1.5pt; vertical-align: bottom; white-space: nowrap; text-align: center"><b> </b></td> <td colspan="6" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center; white-space: nowrap"><b>Year ended <br/> December 31, 2022</b></td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; white-space: nowrap"><b> </b></td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap">Warrants</td><td style="vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap">Weighted<br/> average<br/> exercise price</td><td style="vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap">Warrants</td><td style="vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap">Weighted<br/> average<br/> exercise price</td><td style="vertical-align: bottom; text-align: center; white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center; white-space: nowrap">#</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center; white-space: nowrap">CAD $</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center; white-space: nowrap">#</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center; white-space: nowrap">CAD $</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%; text-align: left">Warrants outstanding, beginning of year</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">7,494,506</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">4.43</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">6,298,839</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2.43</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in">Granted</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">30,013,783</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3.80</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,670,919</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5.81</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in">Exercised</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(6,034,479</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3.35</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,291,642</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1.39</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in">Expired</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(12,006</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2.02</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(183,610</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1.67</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Warrants outstanding, end of period/year</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">31,461,804</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">4.04</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">7,494,506</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">4.43</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of December 31, 2023, share purchase warrants outstanding were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: left"><b> </b></td><td><b> </b></td> <td style="text-align: left"><b> </b></td><td style="text-align: right"><b> </b></td><td style="text-align: left"><b> </b></td><td><b> </b></td> <td colspan="6" style="text-align: center"><b>Warrants Outstanding</b></td><td style="text-align: left"><b> </b></td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: left"><b> </b></td><td style="padding-bottom: 1.5pt"><b> </b></td> <td style="padding-bottom: 1.5pt; text-align: left"><b> </b></td><td style="padding-bottom: 1.5pt; text-align: right"><b> </b></td><td style="padding-bottom: 1.5pt; text-align: left"><b> </b></td><td style="padding-bottom: 1.5pt"><b> </b></td> <td colspan="6" style="border-bottom: Black 1.5pt solid; text-align: center"><b>December 31, 2023</b></td><td style="padding-bottom: 1.5pt; text-align: left"><b> </b></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">Warrant price</td><td> </td> <td colspan="2" style="text-align: center">Warrants</td><td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: center">Weighted average<br/> remaining life</td><td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: center">Weighted average<br/> exercise price</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: left">per share</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">#</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">(years)</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">CAD $</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left">$3.00 - 4.05<sup>1</sup></td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 15%; text-align: right">28,088,438</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 15%; text-align: right">1.77</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">          3.81</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt">$4.59 - 6.00</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,373,366</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">0.02</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">5.96</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">31,461,804</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1.79</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">4.04</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left"><sup>1</sup> </td><td style="text-align: justify">Includes 1,000 outstanding warrants at an exercise price of C$3.00 which also include power warrants exercisable into one share and <span style="-sec-ix-hidden: hidden-fact-300">one-half</span> warrant. Each whole warrant is exercisable at C$3.90 for 36 months.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Share subscriptions received</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">As of December 31, 2022, the Company held in escrow $51,558,624 (C$67,596,720) in share subscriptions pertaining to a financing that closed concurrently with the Company’s acquisition of Alta Mesa (Note 9).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>Convertible promissory note</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">On February 14, 2023, the Company issued a secured convertible promissory note (the “Note”) in connection with the Alta Mesa acquisition (Note 9).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The principal value of the Note is $60,000,000, and the Note is secured by certain assets of the Company pursuant to the terms of a Pledge Agreement, a Security Agreement, and a Guaranty Agreement between the parties.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The principal portion of the Note is convertible at any time and at the option of the holder into common shares of the Company at a conversion price of $2.9103 per share until maturity on February 14, 2025, and bears interest at a rate of 8.0% per annum. Commencing on June 30, 2023, the Company must make semi-annual interest only payments on June 30 and December 31, of each year through to maturity.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Note was valued initially by measuring the fair value of the liability component using a 12% discount rate, and by allocating the residual (using the residual value method) to the equity conversion feature.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">A reconciliation of the convertible debenture components is as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center; white-space: nowrap"><b> </b></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"><b> </b></td> <td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap"><b>Liability</b></td><td style="vertical-align: bottom; text-align: center; white-space: nowrap"><b> </b></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"><b> </b></td> <td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap"><b>Equity</b></td><td style="vertical-align: bottom; text-align: center; white-space: nowrap"><b> </b></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"><b> </b></td> <td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap"><b>Total</b></td><td style="vertical-align: bottom; text-align: center; white-space: nowrap"><b> </b></td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center; white-space: nowrap"><b> </b></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"><b> </b></td> <td colspan="2" style="vertical-align: bottom; border-bottom: Black 1.5pt solid; text-align: center; white-space: nowrap"><b>$</b></td><td style="vertical-align: bottom; text-align: center; white-space: nowrap"><b> </b></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"><b> </b></td> <td colspan="2" style="vertical-align: bottom; border-bottom: Black 1.5pt solid; text-align: center; white-space: nowrap"><b>$</b></td><td style="vertical-align: bottom; text-align: center; white-space: nowrap"><b> </b></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"><b> </b></td> <td colspan="2" style="vertical-align: bottom; border-bottom: Black 1.5pt solid; text-align: center; white-space: nowrap"><b>$</b></td><td style="vertical-align: bottom; text-align: center; white-space: nowrap"><b> </b></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-align: left">Balance, December 31, 2022 and December 31, 2023</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-285">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-286">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-287">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; width: 64%; text-align: left">Issuance of promissory note</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">56,186,734</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">3,813,266</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">60,000,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left">Accretion expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,052,433</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-288">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,052,433</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">Principal payments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(40,000,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-289">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(40,000,000</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Accrued interest, not yet paid</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-290">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-291">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-292">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1.5pt">Balance, December 31, 2023</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">19,239,167</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">3,813,266</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">23,052,433</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold">Liabilities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">Current portion - convertible debenture (accrued interest)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-293">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-294">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-295">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Long term portion - convertible debenture</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">19,239,167</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-296">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">19,239,167</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1.5pt">Balance, December 31, 2023</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">19,239,167</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-297">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">19,239,167</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Subsequent to the period ended December 31, 2023, the outstanding balance on this note was converted by the holder and accrued interest was paid (Note 19).</p>
</ifrs-full:DisclosureOfClassesOfShareCapitalExplanatory>
<cve:SharesUnit contextRef="c0" decimals="0" id="ixv-12888" unitRef="shares"> 10615650 </cve:SharesUnit>
<cve:PublicOfferingPricePerUnit contextRef="c0" decimals="2" id="ixv-12889" unitRef="cadPershares"> 3.25 </cve:PublicOfferingPricePerUnit>
<cve:GrossProceed contextRef="c0" decimals="0" id="ixv-12890" unitRef="usd"> 25561689 </cve:GrossProceed>
<cve:GrossProceed contextRef="c0" decimals="0" id="ixv-12891" unitRef="cad"> 34500863 </cve:GrossProceed>
<cve:CommonShare contextRef="c0" decimals="0" id="ixv-12892" unitRef="shares"> 1 </cve:CommonShare>
<cve:PurchaseAdditionalShareWarrants contextRef="c0" decimals="0" id="ixv-12893" unitRef="shares"> 1 </cve:PurchaseAdditionalShareWarrants>
<cve:PurchaseAdditionalSharePricePerWarrant contextRef="c0" decimals="2" id="ixv-12894" unitRef="cadPershares"> 4.05 </cve:PurchaseAdditionalSharePricePerWarrant>
<ifrs-full:ReceiptsFromRoyaltiesFeesCommissionsAndOtherRevenue contextRef="c0" decimals="0" id="ixv-12895" unitRef="usd"> 1504047 </ifrs-full:ReceiptsFromRoyaltiesFeesCommissionsAndOtherRevenue>
<ifrs-full:ReceiptsFromRoyaltiesFeesCommissionsAndOtherRevenue contextRef="c0" decimals="0" id="ixv-12896" unitRef="cad"> 2030012 </ifrs-full:ReceiptsFromRoyaltiesFeesCommissionsAndOtherRevenue>
<cve:CashIssuanceCosts contextRef="c0" decimals="0" id="ixv-12897" unitRef="usd"> 391939 </cve:CashIssuanceCosts>
<cve:CashIssuanceCosts contextRef="c0" decimals="0" id="ixv-12898" unitRef="cad"> 529000 </cve:CashIssuanceCosts>
<cve:SubscriptionReceiptsIssued contextRef="c291" decimals="0" id="ixv-12899" unitRef="shares"> 23277000 </cve:SubscriptionReceiptsIssued>
<cve:SubscriptionReceipts contextRef="c291" decimals="2" id="ixv-12900" unitRef="cadPershares"> 3 </cve:SubscriptionReceipts>
<cve:GrossProceed contextRef="c291" decimals="0" id="ixv-12901" unitRef="usd"> 51737788 </cve:GrossProceed>
<cve:GrossProceed contextRef="c291" decimals="0" id="ixv-12902" unitRef="cad"> 69831000 </cve:GrossProceed>
<cve:CommonShare contextRef="c291" decimals="0" id="ixv-12903" unitRef="shares"> 1 </cve:CommonShare>
<cve:PurchaseWarrantShares contextRef="c291" decimals="0" id="ixv-12904" unitRef="shares"> 1 </cve:PurchaseWarrantShares>
<cve:PurchaseAdditionalShareWarrants contextRef="c291" decimals="0" id="ixv-12905" unitRef="shares"> 1 </cve:PurchaseAdditionalShareWarrants>
<cve:PurchaseAdditionalSharePricePerWarrant contextRef="c291" decimals="2" id="ixv-12906" unitRef="cadPershares"> 3.75 </cve:PurchaseAdditionalSharePricePerWarrant>
<ifrs-full:ReceiptsFromRoyaltiesFeesCommissionsAndOtherRevenue contextRef="c292" decimals="0" id="ixv-12907" unitRef="usd"> 3018893 </ifrs-full:ReceiptsFromRoyaltiesFeesCommissionsAndOtherRevenue>
<ifrs-full:ReceiptsFromRoyaltiesFeesCommissionsAndOtherRevenue contextRef="c292" decimals="0" id="ixv-12908" unitRef="cad"> 4074600 </ifrs-full:ReceiptsFromRoyaltiesFeesCommissionsAndOtherRevenue>
<cve:CashIssuanceCosts contextRef="c291" decimals="0" id="ixv-12909" unitRef="usd"> 171365 </cve:CashIssuanceCosts>
<cve:CashIssuanceCosts contextRef="c291" decimals="0" id="ixv-12910" unitRef="cad"> 231291 </cve:CashIssuanceCosts>
<cve:ShareIssued contextRef="c291" decimals="0" id="ixv-12911" unitRef="shares"> 1350000 </cve:ShareIssued>
<cve:WarrantsOfFairValue contextRef="c291" decimals="0" id="ixv-12912" unitRef="usd"> 1415067 </cve:WarrantsOfFairValue>
<cve:WarrantsOfFairValue contextRef="c291" decimals="0" id="ixv-12913" unitRef="cad"> 1909916 </cve:WarrantsOfFairValue>
<cve:WarrantExercisable contextRef="c291" decimals="0" id="ixv-12914" unitRef="shares"> 1066500 </cve:WarrantExercisable>
<cve:WarrantsExercisableOfCommonShare contextRef="c291" decimals="0" id="ixv-12915" unitRef="shares"> 1 </cve:WarrantsExercisableOfCommonShare>
<cve:WarrantsExercisablePricePerShare contextRef="c291" decimals="2" id="ixv-12916" unitRef="cadPershares"> 3.91 </cve:WarrantsExercisablePricePerShare>
<cve:WarrantExercisable contextRef="c293" decimals="0" id="ixv-12917" unitRef="shares"> 283500 </cve:WarrantExercisable>
<cve:WarrantsExercisableOfCommonShare contextRef="c293" decimals="0" id="ixv-12918" unitRef="shares"> 1 </cve:WarrantsExercisableOfCommonShare>
<cve:WarrantsExercisablePricePerShare contextRef="c293" decimals="2" id="ixv-12919" unitRef="cadPershares"> 3.25 </cve:WarrantsExercisablePricePerShare>
<ifrs-full:DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory contextRef="c0" id="ixv-12920">
The weighted average assumptions used in the Black-Scholes option pricing model are as follows:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold">Weighted Average</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-indent: 0pt; padding-left: 0pt">Quantity</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1,066,500</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">263,500</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: 0pt; padding-left: 0pt">Exercise Price</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">3.91</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">3.25</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: 0pt; padding-left: 0pt">Share price</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">3.20</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">3.20</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Discount Rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4.19</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4.19</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Expected life (years)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2.25</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2.25</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Volatility</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">81.81</td><td style="padding-bottom: 1.5pt; text-align: left">%</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">81.81</td><td style="padding-bottom: 1.5pt; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Fair value of finders’ warrants (CAD per option):</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">1.38</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">1.54</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table>
</ifrs-full:DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory>
<cve:FindersWarrantsExercisable contextRef="c303" decimals="0" id="ixv-12921" unitRef="shares"> 1066500 </cve:FindersWarrantsExercisable>
<cve:FindersWarrantsExercisable contextRef="c304" decimals="0" id="ixv-12922" unitRef="shares"> 263500 </cve:FindersWarrantsExercisable>
<ifrs-full:ExercisePriceShareOptionsGranted2019 contextRef="c303" decimals="2" id="ixv-12923" unitRef="usdPershares"> 3.91 </ifrs-full:ExercisePriceShareOptionsGranted2019>
<ifrs-full:ExercisePriceShareOptionsGranted2019 contextRef="c304" decimals="2" id="ixv-12924" unitRef="usdPershares"> 3.25 </ifrs-full:ExercisePriceShareOptionsGranted2019>
<ifrs-full:WeightedAverageSharePrice2019 contextRef="c303" decimals="2" id="ixv-12925" unitRef="usdPershares"> 3.2 </ifrs-full:WeightedAverageSharePrice2019>
<ifrs-full:WeightedAverageSharePrice2019 contextRef="c304" decimals="2" id="ixv-12926" unitRef="usdPershares"> 3.2 </ifrs-full:WeightedAverageSharePrice2019>
<cve:WeightedAverageOfDiscountRates contextRef="c303" decimals="4" id="ixv-12927" unitRef="pure"> 0.0419 </cve:WeightedAverageOfDiscountRates>
<cve:WeightedAverageOfDiscountRates contextRef="c304" decimals="4" id="ixv-12928" unitRef="pure"> 0.0419 </cve:WeightedAverageOfDiscountRates>
<ifrs-full:WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019 contextRef="c303" id="ixv-12929"> P2Y3M </ifrs-full:WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019>
<ifrs-full:WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019 contextRef="c304" id="ixv-12930"> P2Y3M </ifrs-full:WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019>
<ifrs-full:DescriptionOfExpectedVolatilityShareOptionsGranted contextRef="c303" decimals="4" id="ixv-12931" unitRef="pure"> 0.8181 </ifrs-full:DescriptionOfExpectedVolatilityShareOptionsGranted>
<ifrs-full:DescriptionOfExpectedVolatilityShareOptionsGranted contextRef="c304" decimals="4" id="ixv-12932" unitRef="pure"> 0.8181 </ifrs-full:DescriptionOfExpectedVolatilityShareOptionsGranted>
<cve:FairValueOfFindersWarrants contextRef="c303" decimals="2" id="ixv-12933" unitRef="usdPershares"> 1.38 </cve:FairValueOfFindersWarrants>
<cve:FairValueOfFindersWarrants contextRef="c304" decimals="2" id="ixv-12934" unitRef="usdPershares"> 1.54 </cve:FairValueOfFindersWarrants>
<cve:CommonShareIssued contextRef="c294" decimals="0" id="ixv-12935" unitRef="shares"> 6034478 </cve:CommonShareIssued>
<cve:GrossProceed contextRef="c294" decimals="0" id="ixv-12936" unitRef="usd"> 16995629 </cve:GrossProceed>
<cve:CommonShareIssued contextRef="c295" decimals="0" id="ixv-12937" unitRef="shares"> 575676 </cve:CommonShareIssued>
<cve:GrossProceed contextRef="c295" decimals="0" id="ixv-12938" unitRef="usd"> 557465 </cve:GrossProceed>
<ifrs-full:EquityReclassifiedIntoFinancialLiabilities contextRef="c295" decimals="0" id="ixv-12939" unitRef="usd"> 1041239 </ifrs-full:EquityReclassifiedIntoFinancialLiabilities>
<cve:ShortFormBaseShelfProspectus contextRef="c296" decimals="-6" id="ixv-12940" unitRef="usd"> 140000000 </cve:ShortFormBaseShelfProspectus>
<cve:GrossProceed contextRef="c296" decimals="-5" id="ixv-12941" unitRef="usd"> 70000000 </cve:GrossProceed>
<cve:CommonSharesSold contextRef="c297" decimals="0" id="ixv-12942" unitRef="shares"> 15690943 </cve:CommonSharesSold>
<cve:GrossProceed contextRef="c297" decimals="0" id="ixv-12943" unitRef="usd"> 49444256 </cve:GrossProceed>
<cve:SharesUnit contextRef="c4" decimals="0" id="ixv-12944" unitRef="shares"> 6535947 </cve:SharesUnit>
<ifrs-full:WeightedAverageExercisePriceOfShareOptionsInSharebasedPaymentArrangementExercisedDuringPeriodAtDateOfExercise2019 contextRef="c4" decimals="2" id="ixv-12945" unitRef="cadPershares"> 4.59 </ifrs-full:WeightedAverageExercisePriceOfShareOptionsInSharebasedPaymentArrangementExercisedDuringPeriodAtDateOfExercise2019>
<cve:GrossProceed contextRef="c4" decimals="0" id="ixv-12946" unitRef="usd"> 23057411 </cve:GrossProceed>
<cve:GrossProceed contextRef="c4" decimals="0" id="ixv-12947" unitRef="cad"> 30000000 </cve:GrossProceed>
<cve:CommonShare contextRef="c4" decimals="0" id="ixv-12948" unitRef="shares"> 1 </cve:CommonShare>
<cve:PurchaseAdditionalShareWarrants contextRef="c4" decimals="0" id="ixv-12949" unitRef="shares"> 1 </cve:PurchaseAdditionalShareWarrants>
<cve:PurchaseAdditionalSharePricePerWarrant contextRef="c4" decimals="2" id="ixv-12950" unitRef="cadPershares"> 6 </cve:PurchaseAdditionalSharePricePerWarrant>
<ifrs-full:ReceiptsFromRoyaltiesFeesCommissionsAndOtherRevenue contextRef="c4" decimals="0" id="ixv-12951" unitRef="usd"> 1239336 </ifrs-full:ReceiptsFromRoyaltiesFeesCommissionsAndOtherRevenue>
<ifrs-full:ReceiptsFromRoyaltiesFeesCommissionsAndOtherRevenue contextRef="c4" decimals="0" id="ixv-12952" unitRef="cad"> 1612500 </ifrs-full:ReceiptsFromRoyaltiesFeesCommissionsAndOtherRevenue>
<cve:CashIssuanceCosts contextRef="c4" decimals="0" id="ixv-12953" unitRef="usd"> 234539 </cve:CashIssuanceCosts>
<cve:CashIssuanceCosts contextRef="c4" decimals="0" id="ixv-12954" unitRef="cad"> 305159 </cve:CashIssuanceCosts>
<cve:ShareIssued contextRef="c4" decimals="0" id="ixv-12955" unitRef="shares"> 351307 </cve:ShareIssued>
<cve:WarrantsOfFairValue contextRef="c4" decimals="0" id="ixv-12956" unitRef="usd"> 672343 </cve:WarrantsOfFairValue>
<cve:WarrantsOfFairValue contextRef="c4" decimals="0" id="ixv-12957" unitRef="cad"> 874785 </cve:WarrantsOfFairValue>
<cve:WarrantsExercisableOfCommonShare contextRef="c4" decimals="0" id="ixv-12958" unitRef="shares"> 1 </cve:WarrantsExercisableOfCommonShare>
<cve:WarrantsExercisablePricePerShare contextRef="c4" decimals="2" id="ixv-12959" unitRef="cadPershares"> 4.59 </cve:WarrantsExercisablePricePerShare>
<cve:CommonShareIssued contextRef="c298" decimals="0" id="ixv-12960" unitRef="shares"> 2291642 </cve:CommonShareIssued>
<cve:GrossProceed contextRef="c298" decimals="0" id="ixv-12961" unitRef="usd"> 2452227 </cve:GrossProceed>
<ifrs-full:EquityReclassifiedIntoFinancialLiabilities contextRef="c298" decimals="0" id="ixv-12962" unitRef="usd"> 147772 </ifrs-full:EquityReclassifiedIntoFinancialLiabilities>
<cve:CommonShareIssued contextRef="c299" decimals="0" id="ixv-12963" unitRef="shares"> 1016436 </cve:CommonShareIssued>
<cve:GrossProceed contextRef="c299" decimals="0" id="ixv-12964" unitRef="usd"> 1177093 </cve:GrossProceed>
<ifrs-full:FinancialLiabilitiesReclassifiedIntoEquity contextRef="c299" decimals="0" id="ixv-12965" unitRef="usd"> 2728487 </ifrs-full:FinancialLiabilitiesReclassifiedIntoEquity>
<cve:CommonSharesOfSettlementAndCompensation contextRef="c148" decimals="0" id="ixv-12966" unitRef="shares"> 193348 </cve:CommonSharesOfSettlementAndCompensation>
<cve:NumberOfSharesReservedInsurancePercentage contextRef="c0" decimals="2" id="ixv-12967" unitRef="pure"> 0.10 </cve:NumberOfSharesReservedInsurancePercentage>
<cve:OptionsGrantedForMaximumYear contextRef="c0" id="ixv-12968"> P5Y </cve:OptionsGrantedForMaximumYear>
<cve:ScheduleOfTheCompanysStockOptionsOutstandingTableTextBlock contextRef="c0" id="ixv-9134">
<span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s stock options outstanding at December 31, 2023 and December 31, 2022, and the changes for the year then ended, are as follows:</span><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Year ended<br/> December 31, 2023</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Year ended<br/> December 31, 2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center">Options</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Weighted<br/> average<br/> exercise price</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Options</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Weighted<br/> average<br/> exercise price</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">#</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">CAD $</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">#</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">CAD $</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%; text-align: left; text-indent: 0pt; padding-left: 0pt">Options outstanding, beginning of period/year</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">7,235,648</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2.52</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">5,272,294</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1.42</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: 0pt; padding-left: 0pt">Granted</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,670,181</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2.85</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,107,501</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4.10</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: 0pt; padding-left: 0pt">Exercised</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(575,676</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1.31</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,016,436</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1.51</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Forfeited/expired</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(917,271</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3.20</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(127,711</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3.60</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Options outstanding</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">8,412,882</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">2.63</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">7,235,648</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">2.52</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Options exercisable</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">5,921,267</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">2.39</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">4,928,144</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1.78</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table>
</cve:ScheduleOfTheCompanysStockOptionsOutstandingTableTextBlock>
<cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber contextRef="c3" decimals="INF" id="ixv-12969" unitRef="shares"> 7235648 </cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber>
<ifrs-full:WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019 contextRef="c3" decimals="2" id="ixv-12970" unitRef="cadPershares"> 2.52 </ifrs-full:WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019>
<cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber contextRef="c5" decimals="INF" id="ixv-12971" unitRef="shares"> 5272294 </cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber>
<ifrs-full:WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019 contextRef="c5" decimals="2" id="ixv-12972" unitRef="cadPershares"> 1.42 </ifrs-full:WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019>
<cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="c0" decimals="INF" id="ixv-12973" unitRef="shares"> 2670181 </cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
<ifrs-full:WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019 contextRef="c0" decimals="2" id="ixv-12974" unitRef="cadPershares"> 2.85 </ifrs-full:WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019>
<cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="c4" decimals="INF" id="ixv-12975" unitRef="shares"> 3107501 </cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
<ifrs-full:WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019 contextRef="c4" decimals="2" id="ixv-12976" unitRef="cadPershares"> 4.1 </ifrs-full:WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019>
<cve:StockIssuedDuringPeriodShareStockOptionsExercised contextRef="c0" decimals="INF" id="ixv-12977" unitRef="shares"> -575676 </cve:StockIssuedDuringPeriodShareStockOptionsExercised>
<ifrs-full:WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019 contextRef="c0" decimals="2" id="ixv-12978" unitRef="cadPershares"> 1.31 </ifrs-full:WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019>
<cve:StockIssuedDuringPeriodShareStockOptionsExercised contextRef="c4" decimals="INF" id="ixv-12979" unitRef="shares"> -1016436 </cve:StockIssuedDuringPeriodShareStockOptionsExercised>
<ifrs-full:WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019 contextRef="c4" decimals="2" id="ixv-12980" unitRef="cadPershares"> 1.51 </ifrs-full:WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019>
<cve:StockIssuedDuringPeriodShareSharesBasedCompensationForfeited contextRef="c0" decimals="INF" id="ixv-12981" unitRef="shares"> -917271 </cve:StockIssuedDuringPeriodShareSharesBasedCompensationForfeited>
<ifrs-full:WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019 contextRef="c0" decimals="2" id="ixv-12982" unitRef="cadPershares"> 3.2 </ifrs-full:WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019>
<cve:StockIssuedDuringPeriodShareSharesBasedCompensationForfeited contextRef="c4" decimals="INF" id="ixv-12983" unitRef="shares"> -127711 </cve:StockIssuedDuringPeriodShareSharesBasedCompensationForfeited>
<ifrs-full:WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019 contextRef="c4" decimals="2" id="ixv-12984" unitRef="cadPershares"> 3.6 </ifrs-full:WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019>
<cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber contextRef="c2" decimals="INF" id="ixv-12985" unitRef="shares"> 8412882 </cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber>
<ifrs-full:WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019 contextRef="c2" decimals="2" id="ixv-12986" unitRef="cadPershares"> 2.63 </ifrs-full:WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019>
<cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber contextRef="c3" decimals="INF" id="ixv-12987" unitRef="shares"> 7235648 </cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber>
<ifrs-full:WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019 contextRef="c3" decimals="2" id="ixv-12988" unitRef="cadPershares"> 2.52 </ifrs-full:WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019>
<cve:SharesBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions contextRef="c2" decimals="INF" id="ixv-12989" unitRef="shares"> 5921267 </cve:SharesBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions>
<ifrs-full:WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019 contextRef="c2" decimals="2" id="ixv-12990" unitRef="cadPershares"> 2.39 </ifrs-full:WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019>
<cve:SharesBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions contextRef="c3" decimals="INF" id="ixv-12991" unitRef="shares"> 4928144 </cve:SharesBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions>
<ifrs-full:WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019 contextRef="c3" decimals="2" id="ixv-12992" unitRef="cadPershares"> 1.78 </ifrs-full:WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019>
<cve:ScheduleOfStockOptionsOutstandingTableTextBlock contextRef="c0" id="ixv-12993">
As of December 31, 2023, stock options outstanding were as follows:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">Options Outstanding</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">Options Exercisable</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">December 31, 2023</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">December 31, 2023</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: normal; font-style: normal; text-align: left">Option price<br/> per share</td><td style="padding-bottom: 1.5pt; font-weight: normal; font-style: normal"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-style: normal; font-weight: normal">Options</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-style: normal; font-weight: normal">#</span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="font-weight: normal; font-style: normal; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: normal; font-style: normal; text-align: center">Weighted<br/> remaining life <br/>(years)</td><td style="padding-bottom: 1.5pt; font-weight: normal; font-style: normal"> </td><td style="font-weight: normal; font-style: normal; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: normal; font-style: normal; text-align: center">Weighted<br/> exercise price <br/>CAD $</td><td style="padding-bottom: 1.5pt; font-weight: normal; font-style: normal"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-style: normal; font-weight: normal">Options</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-style: normal; font-weight: normal">#</span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="font-weight: normal; font-style: normal; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: normal; font-style: normal; text-align: center">Weighted<br/> exercise price <br/>CAD $</td><td style="padding-bottom: 1.5pt; font-weight: normal; font-style: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 1%; text-align: left">$</td> <td style="width: 14%; text-align: right">0.18 - 1.92</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 16%; text-align: right">2,792,289</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">0.33</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">0.77</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">2,792,289</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">0.77</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">$</td> <td style="text-align: right">2.40 - 3.79</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right">2,981,008</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1.43</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2.89</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,090,331</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2.92</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td> <td style="border-bottom: Black 1.5pt solid; text-align: right">4.20 - 5.76</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: right">2,639,585</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">0.93</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">4.30</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,038,647</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">4.33</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">8,412,882</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">2.68</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">2.63</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">5,921,267</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">2.39</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table>
</cve:ScheduleOfStockOptionsOutstandingTableTextBlock>
<cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice contextRef="c305" decimals="INF" id="ixv-12994" unitRef="shares"> 2792289 </cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
<ifrs-full:WeightedAverageDurationOfDefinedBenefitObligation2019 contextRef="c305" id="ixv-12995"> P0Y3M29D </ifrs-full:WeightedAverageDurationOfDefinedBenefitObligation2019>
<ifrs-full:ExercisePriceOfOutstandingShareOptions2019 contextRef="c306" decimals="2" id="ixv-12996" unitRef="cadPershares"> 0.77 </ifrs-full:ExercisePriceOfOutstandingShareOptions2019>
<cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber contextRef="c305" decimals="INF" id="ixv-12997" unitRef="shares"> 2792289 </cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber>
<ifrs-full:ExercisePriceShareOptionsGranted2019 contextRef="c305" decimals="2" id="ixv-12998" unitRef="cadPershares"> 0.77 </ifrs-full:ExercisePriceShareOptionsGranted2019>
<cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice contextRef="c307" decimals="INF" id="ixv-12999" unitRef="shares"> 2981008 </cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
<ifrs-full:WeightedAverageDurationOfDefinedBenefitObligation2019 contextRef="c307" id="ixv-13000"> P1Y5M4D </ifrs-full:WeightedAverageDurationOfDefinedBenefitObligation2019>
<ifrs-full:ExercisePriceOfOutstandingShareOptions2019 contextRef="c308" decimals="2" id="ixv-13001" unitRef="cadPershares"> 2.89 </ifrs-full:ExercisePriceOfOutstandingShareOptions2019>
<cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber contextRef="c307" decimals="INF" id="ixv-13002" unitRef="shares"> 1090331 </cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber>
<ifrs-full:ExercisePriceShareOptionsGranted2019 contextRef="c307" decimals="2" id="ixv-13003" unitRef="cadPershares"> 2.92 </ifrs-full:ExercisePriceShareOptionsGranted2019>
<cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice contextRef="c309" decimals="INF" id="ixv-13004" unitRef="shares"> 2639585 </cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
<ifrs-full:WeightedAverageDurationOfDefinedBenefitObligation2019 contextRef="c309" id="ixv-13005"> P0Y11M4D </ifrs-full:WeightedAverageDurationOfDefinedBenefitObligation2019>
<ifrs-full:ExercisePriceOfOutstandingShareOptions2019 contextRef="c310" decimals="2" id="ixv-13006" unitRef="cadPershares"> 4.3 </ifrs-full:ExercisePriceOfOutstandingShareOptions2019>
<cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber contextRef="c309" decimals="INF" id="ixv-13007" unitRef="shares"> 2038647 </cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber>
<ifrs-full:ExercisePriceShareOptionsGranted2019 contextRef="c309" decimals="2" id="ixv-13008" unitRef="cadPershares"> 4.33 </ifrs-full:ExercisePriceShareOptionsGranted2019>
<cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice contextRef="c295" decimals="INF" id="ixv-13009" unitRef="shares"> 8412882 </cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
<ifrs-full:WeightedAverageDurationOfDefinedBenefitObligation2019 contextRef="c295" id="ixv-13010"> P2Y8M4D </ifrs-full:WeightedAverageDurationOfDefinedBenefitObligation2019>
<ifrs-full:ExercisePriceOfOutstandingShareOptions2019 contextRef="c311" decimals="2" id="ixv-13011" unitRef="cadPershares"> 2.63 </ifrs-full:ExercisePriceOfOutstandingShareOptions2019>
<cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber contextRef="c295" decimals="INF" id="ixv-13012" unitRef="shares"> 5921267 </cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber>
<ifrs-full:ExercisePriceShareOptionsGranted2019 contextRef="c295" decimals="2" id="ixv-13013" unitRef="cadPershares"> 2.39 </ifrs-full:ExercisePriceShareOptionsGranted2019>
<cve:AggregateOfGrantedShares contextRef="c0" decimals="0" id="ixv-13014" unitRef="shares"> 2670181 </cve:AggregateOfGrantedShares>
<cve:FairValueOfGrantedOption contextRef="c0" decimals="0" id="ixv-13015" unitRef="cad"> 5616767 </cve:FairValueOfGrantedOption>
<cve:AggregateOfGrantedShares contextRef="c4" decimals="0" id="ixv-13016" unitRef="shares"> 3107501 </cve:AggregateOfGrantedShares>
<cve:FairValueOfGrantedOption contextRef="c4" decimals="0" id="ixv-13017" unitRef="usd"> 7665042 </cve:FairValueOfGrantedOption>
<cve:StandardStockOptionVestingPercentage contextRef="c0" decimals="2" id="ixv-13018" unitRef="pure"> 0.25 </cve:StandardStockOptionVestingPercentage>
<cve:RecognizedStockOptionExpense contextRef="c0" decimals="0" id="ixv-13019" unitRef="usd"> 4538747 </cve:RecognizedStockOptionExpense>
<cve:RecognizedStockOptionExpense contextRef="c4" decimals="0" id="ixv-13020" unitRef="usd"> 5744655 </cve:RecognizedStockOptionExpense>
<cve:ScheduleOfWeightedAverageAssumptionsUsedInCalculatingTheFairValuesTableTextBlock contextRef="c0" id="ixv-13021">
The weighted average assumptions used in calculating the fair values are as follows:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap">December 31,</td><td style="vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap"> </td><td style="vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap">December 31,</td><td style="vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap">2023</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap">2022</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-weight: bold; white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Risk-free interest rate</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">3.34</td><td style="width: 1%; text-align: left">%</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2.06</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Expected life of option</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">5.0 years</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">4.9 years</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Expected dividend yield</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Expected stock price volatility</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">95.43</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">116.48</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Fair value per option</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">CAD $2.10</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">CAD $3.21</span></td><td style="text-align: left"> </td></tr> </table>
</cve:ScheduleOfWeightedAverageAssumptionsUsedInCalculatingTheFairValuesTableTextBlock>
<ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted contextRef="c0" decimals="4" id="ixv-13022" unitRef="pure"> 0.0334 </ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted>
<ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted contextRef="c4" decimals="4" id="ixv-13023" unitRef="pure"> 0.0206 </ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted>
<cve:WeightedAverageRemainingContractualLifeOfOutstandingShareOptions contextRef="c0" id="ixv-13024"> P5Y </cve:WeightedAverageRemainingContractualLifeOfOutstandingShareOptions>
<cve:WeightedAverageRemainingContractualLifeOfOutstandingShareOptions contextRef="c4" id="ixv-13025"> P4Y10M24D </cve:WeightedAverageRemainingContractualLifeOfOutstandingShareOptions>
<ifrs-full:ExpectedDividendAsPercentageShareOptionsGranted contextRef="c0" decimals="2" id="ixv-13026" unitRef="pure"> 0 </ifrs-full:ExpectedDividendAsPercentageShareOptionsGranted>
<ifrs-full:ExpectedDividendAsPercentageShareOptionsGranted contextRef="c4" decimals="2" id="ixv-13027" unitRef="pure"> 0 </ifrs-full:ExpectedDividendAsPercentageShareOptionsGranted>
<ifrs-full:DescriptionOfExpectedVolatilityShareOptionsGranted contextRef="c0" decimals="4" id="ixv-13028" unitRef="pure"> 0.9543 </ifrs-full:DescriptionOfExpectedVolatilityShareOptionsGranted>
<ifrs-full:DescriptionOfExpectedVolatilityShareOptionsGranted contextRef="c4" decimals="4" id="ixv-13029" unitRef="pure"> 1.1648 </ifrs-full:DescriptionOfExpectedVolatilityShareOptionsGranted>
<cve:FairValuePerOptionin contextRef="c0" decimals="2" id="ixv-13030" unitRef="cadPershares"> 2.1 </cve:FairValuePerOptionin>
<cve:FairValuePerOptionin contextRef="c4" decimals="2" id="ixv-13031" unitRef="cadPershares"> 3.21 </cve:FairValuePerOptionin>
<cve:ScheduleOfTheStatusOfTheCompanysWarrantsTableTextBlock contextRef="c0" id="ixv-13032">
A summary of the status of the Company’s warrants as of December 31, 2023, and December 31, 2022, and changes during the year then ended is as follows:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center; white-space: nowrap"><b> </b></td><td style="padding-bottom: 1.5pt; vertical-align: bottom; white-space: nowrap; text-align: center"><b> </b></td> <td colspan="6" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center; white-space: nowrap"><b>Year ended<br/> December 31, 2023</b></td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; white-space: nowrap"><b> </b></td><td style="padding-bottom: 1.5pt; vertical-align: bottom; white-space: nowrap; text-align: center"><b> </b></td> <td colspan="6" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center; white-space: nowrap"><b>Year ended <br/> December 31, 2022</b></td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; white-space: nowrap"><b> </b></td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap">Warrants</td><td style="vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap">Weighted<br/> average<br/> exercise price</td><td style="vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap">Warrants</td><td style="vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap">Weighted<br/> average<br/> exercise price</td><td style="vertical-align: bottom; text-align: center; white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center; white-space: nowrap">#</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center; white-space: nowrap">CAD $</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center; white-space: nowrap">#</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center; white-space: nowrap">CAD $</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%; text-align: left">Warrants outstanding, beginning of year</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">7,494,506</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">4.43</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">6,298,839</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2.43</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in">Granted</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">30,013,783</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3.80</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,670,919</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5.81</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in">Exercised</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(6,034,479</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3.35</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,291,642</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1.39</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in">Expired</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(12,006</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2.02</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(183,610</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1.67</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Warrants outstanding, end of period/year</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">31,461,804</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">4.04</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">7,494,506</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">4.43</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table>
</cve:ScheduleOfTheStatusOfTheCompanysWarrantsTableTextBlock>
<cve:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsWarrantsOutstanding contextRef="c3" decimals="INF" id="ixv-13033" unitRef="shares"> 7494506 </cve:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsWarrantsOutstanding>
<cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice contextRef="c3" decimals="2" id="ixv-13034" unitRef="cadPershares"> 4.43 </cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice>
<cve:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsWarrantsOutstanding contextRef="c5" decimals="INF" id="ixv-13035" unitRef="shares"> 6298839 </cve:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsWarrantsOutstanding>
<cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice contextRef="c5" decimals="2" id="ixv-13036" unitRef="cadPershares"> 2.43 </cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice>
<cve:ShareBasedCompensationArrangementBySharesBasedPaymentAwardOptionsGrantsInPeriodWarrantsGranted contextRef="c0" decimals="INF" id="ixv-13037" unitRef="shares"> 30013783 </cve:ShareBasedCompensationArrangementBySharesBasedPaymentAwardOptionsGrantsInPeriodWarrantsGranted>
<cve:SharesbasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue contextRef="c0" decimals="2" id="ixv-13038" unitRef="cadPershares"> 3.8 </cve:SharesbasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue>
<cve:ShareBasedCompensationArrangementBySharesBasedPaymentAwardOptionsGrantsInPeriodWarrantsGranted contextRef="c4" decimals="INF" id="ixv-13039" unitRef="shares"> 3670919 </cve:ShareBasedCompensationArrangementBySharesBasedPaymentAwardOptionsGrantsInPeriodWarrantsGranted>
<cve:SharesbasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue contextRef="c4" decimals="2" id="ixv-13040" unitRef="cadPershares"> 5.81 </cve:SharesbasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue>
<cve:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisedWarrantsExercised contextRef="c0" decimals="INF" id="ixv-13041" unitRef="shares"> -6034479 </cve:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisedWarrantsExercised>
<cve:SharesBasedCompensationArrangementBySharesBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice contextRef="c0" decimals="2" id="ixv-13042" unitRef="cadPershares"> 3.35 </cve:SharesBasedCompensationArrangementBySharesBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice>
<cve:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisedWarrantsExercised contextRef="c4" decimals="INF" id="ixv-13043" unitRef="shares"> -2291642 </cve:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisedWarrantsExercised>
<cve:SharesBasedCompensationArrangementBySharesBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice contextRef="c4" decimals="2" id="ixv-13044" unitRef="cadPershares"> 1.39 </cve:SharesBasedCompensationArrangementBySharesBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice>
<cve:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWarrantsExpired contextRef="c0" decimals="INF" id="ixv-13045" unitRef="shares"> -12006 </cve:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWarrantsExpired>
<cve:ShareBasedCompensationArrangementsBySharesBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice contextRef="c0" decimals="2" id="ixv-13046" unitRef="cadPershares"> 2.02 </cve:ShareBasedCompensationArrangementsBySharesBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice>
<cve:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWarrantsExpired contextRef="c4" decimals="INF" id="ixv-13047" unitRef="shares"> -183610 </cve:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWarrantsExpired>
<cve:ShareBasedCompensationArrangementsBySharesBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice contextRef="c4" decimals="2" id="ixv-13048" unitRef="cadPershares"> 1.67 </cve:ShareBasedCompensationArrangementsBySharesBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice>
<cve:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsWarrantsOutstanding contextRef="c2" decimals="INF" id="ixv-13049" unitRef="shares"> 31461804 </cve:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsWarrantsOutstanding>
<cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice contextRef="c2" decimals="2" id="ixv-13050" unitRef="cadPershares"> 4.04 </cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice>
<cve:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsWarrantsOutstanding contextRef="c3" decimals="INF" id="ixv-13051" unitRef="shares"> 7494506 </cve:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptionsWarrantsOutstanding>
<cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice contextRef="c3" decimals="2" id="ixv-13052" unitRef="cadPershares"> 4.43 </cve:SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice>
<cve:ScheduleOfSharePurchaseWarrantsOutstandingTableTextBlock contextRef="c0" id="ixv-13053">
As of December 31, 2023, share purchase warrants outstanding were as follows:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: left"><b> </b></td><td><b> </b></td> <td style="text-align: left"><b> </b></td><td style="text-align: right"><b> </b></td><td style="text-align: left"><b> </b></td><td><b> </b></td> <td colspan="6" style="text-align: center"><b>Warrants Outstanding</b></td><td style="text-align: left"><b> </b></td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: left"><b> </b></td><td style="padding-bottom: 1.5pt"><b> </b></td> <td style="padding-bottom: 1.5pt; text-align: left"><b> </b></td><td style="padding-bottom: 1.5pt; text-align: right"><b> </b></td><td style="padding-bottom: 1.5pt; text-align: left"><b> </b></td><td style="padding-bottom: 1.5pt"><b> </b></td> <td colspan="6" style="border-bottom: Black 1.5pt solid; text-align: center"><b>December 31, 2023</b></td><td style="padding-bottom: 1.5pt; text-align: left"><b> </b></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">Warrant price</td><td> </td> <td colspan="2" style="text-align: center">Warrants</td><td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: center">Weighted average<br/> remaining life</td><td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: center">Weighted average<br/> exercise price</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: left">per share</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">#</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">(years)</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">CAD $</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left">$3.00 - 4.05<sup>1</sup></td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 15%; text-align: right">28,088,438</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 15%; text-align: right">1.77</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">          3.81</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt">$4.59 - 6.00</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,373,366</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">0.02</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">5.96</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">31,461,804</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1.79</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">4.04</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left"><sup>1</sup> </td><td style="text-align: justify">Includes 1,000 outstanding warrants at an exercise price of C$3.00 which also include power warrants exercisable into one share and <span style="-sec-ix-hidden: hidden-fact-300">one-half</span> warrant. Each whole warrant is exercisable at C$3.90 for 36 months.</td> </tr></table>
</cve:ScheduleOfSharePurchaseWarrantsOutstandingTableTextBlock>
<cve:Warrants contextRef="c312" decimals="INF" id="ix_12_fact" unitRef="shares"> 28088438 </cve:Warrants>
<cve:WarrantsOutstandingWeightedAverageReimainingLife contextRef="c312" id="ix_13_fact"> P1Y9M7D </cve:WarrantsOutstandingWeightedAverageReimainingLife>
<cve:WarrantsOutstandingWeightedAverageExercisePrice contextRef="c312" decimals="2" id="ix_14_fact" unitRef="cadPershares"> 3.81 </cve:WarrantsOutstandingWeightedAverageExercisePrice>
<cve:Warrants contextRef="c313" decimals="INF" id="ixv-13057" unitRef="shares"> 3373366 </cve:Warrants>
<cve:WarrantsOutstandingWeightedAverageReimainingLife contextRef="c313" id="ixv-13058"> P0Y7D </cve:WarrantsOutstandingWeightedAverageReimainingLife>
<cve:WarrantsOutstandingWeightedAverageExercisePrice contextRef="c313" decimals="2" id="ixv-13059" unitRef="cadPershares"> 5.96 </cve:WarrantsOutstandingWeightedAverageExercisePrice>
<cve:Warrants contextRef="c0" decimals="INF" id="ixv-13060" unitRef="shares"> 31461804 </cve:Warrants>
<cve:WarrantsOutstandingWeightedAverageReimainingLife contextRef="c0" id="ixv-13061"> P1Y9M14D </cve:WarrantsOutstandingWeightedAverageReimainingLife>
<cve:WarrantsOutstandingWeightedAverageExercisePrice contextRef="c0" decimals="2" id="ixv-13062" unitRef="cadPershares"> 4.04 </cve:WarrantsOutstandingWeightedAverageExercisePrice>
<cve:ClassOfWarrantsOutstanding contextRef="c2" decimals="0" id="ixv-13063" unitRef="shares"> 1000 </cve:ClassOfWarrantsOutstanding>
<cve:ExercisePriceOfWarrants contextRef="c2" decimals="2" id="ixv-13064" unitRef="cadPershares"> 3 </cve:ExercisePriceOfWarrants>
<cve:WarrantsExercisableShare contextRef="c0" decimals="0" id="ixv-13065" unitRef="shares"> 1 </cve:WarrantsExercisableShare>
<cve:WarrantsExercisablePrice contextRef="c0" decimals="2" id="ixv-13066" unitRef="cadPershares"> 3.9 </cve:WarrantsExercisablePrice>
<cve:WarrantIsExercisableTerm contextRef="c0" id="ixv-13067"> P36M </cve:WarrantIsExercisableTerm>
<ifrs-full:DividendsReceived contextRef="c4" decimals="0" id="ixv-13068" unitRef="usd"> 51558624 </ifrs-full:DividendsReceived>
<ifrs-full:DividendsReceived contextRef="c4" decimals="0" id="ixv-13069" unitRef="cad"> 67596720 </ifrs-full:DividendsReceived>
<cve:PrincipalValueOfNote contextRef="c300" decimals="0" id="ixv-13070" unitRef="usd"> 60000000 </cve:PrincipalValueOfNote>
<cve:CommonSharesAtConversionPrice contextRef="c301" decimals="4" id="ixv-13071" unitRef="usdPershares"> 2.9103 </cve:CommonSharesAtConversionPrice>
<cve:CommonShareInterestRate contextRef="c302" decimals="3" id="ixv-13072" unitRef="pure"> 0.08 </cve:CommonShareInterestRate>
<cve:FairValueLiabilityDiscountRate contextRef="c2" decimals="2" id="ixv-13073" unitRef="pure"> 0.12 </cve:FairValueLiabilityDiscountRate>
<cve:DisclosureOfReconciliationOfTheConvertibleDebentureComponentsExplanatory contextRef="c0" id="ixv-13074">
A reconciliation of the convertible debenture components is as follows:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center; white-space: nowrap"><b> </b></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"><b> </b></td> <td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap"><b>Liability</b></td><td style="vertical-align: bottom; text-align: center; white-space: nowrap"><b> </b></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"><b> </b></td> <td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap"><b>Equity</b></td><td style="vertical-align: bottom; text-align: center; white-space: nowrap"><b> </b></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"><b> </b></td> <td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap"><b>Total</b></td><td style="vertical-align: bottom; text-align: center; white-space: nowrap"><b> </b></td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center; white-space: nowrap"><b> </b></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"><b> </b></td> <td colspan="2" style="vertical-align: bottom; border-bottom: Black 1.5pt solid; text-align: center; white-space: nowrap"><b>$</b></td><td style="vertical-align: bottom; text-align: center; white-space: nowrap"><b> </b></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"><b> </b></td> <td colspan="2" style="vertical-align: bottom; border-bottom: Black 1.5pt solid; text-align: center; white-space: nowrap"><b>$</b></td><td style="vertical-align: bottom; text-align: center; white-space: nowrap"><b> </b></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"><b> </b></td> <td colspan="2" style="vertical-align: bottom; border-bottom: Black 1.5pt solid; text-align: center; white-space: nowrap"><b>$</b></td><td style="vertical-align: bottom; text-align: center; white-space: nowrap"><b> </b></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-align: left">Balance, December 31, 2022 and December 31, 2023</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-285">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-286">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-287">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; width: 64%; text-align: left">Issuance of promissory note</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">56,186,734</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">3,813,266</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">60,000,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left">Accretion expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,052,433</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-288">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,052,433</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">Principal payments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(40,000,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-289">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(40,000,000</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Accrued interest, not yet paid</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-290">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-291">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-292">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1.5pt">Balance, December 31, 2023</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">19,239,167</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">3,813,266</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">23,052,433</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold">Liabilities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">Current portion - convertible debenture (accrued interest)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-293">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-294">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-295">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Long term portion - convertible debenture</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">19,239,167</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-296">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">19,239,167</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1.5pt">Balance, December 31, 2023</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">19,239,167</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-297">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">19,239,167</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table>
</cve:DisclosureOfReconciliationOfTheConvertibleDebentureComponentsExplanatory>
<cve:IssuanceOfPromissoryNote contextRef="c317" decimals="0" id="ixv-13075" unitRef="usd"> 56186734 </cve:IssuanceOfPromissoryNote>
<cve:IssuanceOfPromissoryNote contextRef="c318" decimals="0" id="ixv-13076" unitRef="usd"> 3813266 </cve:IssuanceOfPromissoryNote>
<cve:IssuanceOfPromissoryNote contextRef="c319" decimals="0" id="ixv-13077" unitRef="usd"> 60000000 </cve:IssuanceOfPromissoryNote>
<cve:AccretionExpenses contextRef="c317" decimals="0" id="ixv-13078" unitRef="usd"> 3052433 </cve:AccretionExpenses>
<cve:AccretionExpenses contextRef="c319" decimals="0" id="ixv-13079" unitRef="usd"> 3052433 </cve:AccretionExpenses>
<cve:PrincipalPayments contextRef="c317" decimals="0" id="ixv-13080" unitRef="usd"> -40000000 </cve:PrincipalPayments>
<cve:PrincipalPayments contextRef="c319" decimals="0" id="ixv-13081" unitRef="usd"> -40000000 </cve:PrincipalPayments>
<cve:ConvertibleDebenture contextRef="c320" decimals="0" id="ixv-13082" unitRef="usd"> 19239167 </cve:ConvertibleDebenture>
<cve:ConvertibleDebenture contextRef="c321" decimals="0" id="ixv-13083" unitRef="usd"> 3813266 </cve:ConvertibleDebenture>
<cve:ConvertibleDebenture contextRef="c322" decimals="0" id="ixv-13084" unitRef="usd"> 23052433 </cve:ConvertibleDebenture>
<cve:LongTermPortionConvertibleDebenture contextRef="c317" decimals="0" id="ixv-13085" unitRef="usd"> 19239167 </cve:LongTermPortionConvertibleDebenture>
<cve:LongTermPortionConvertibleDebenture contextRef="c319" decimals="0" id="ixv-13086" unitRef="usd"> 19239167 </cve:LongTermPortionConvertibleDebenture>
<ifrs-full:NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued contextRef="c320" decimals="0" id="ixv-13087" unitRef="usd"> 19239167 </ifrs-full:NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued>
<ifrs-full:NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued contextRef="c322" decimals="0" id="ixv-13088" unitRef="usd"> 19239167 </ifrs-full:NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued>
<ifrs-full:DisclosureOfRelatedPartyExplanatory contextRef="c0" id="ixv-10123">
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><b>13.</b></td><td><b>Related party transactions and balances</b></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Related parties include key management of the Company and any entities controlled by these individuals as well as other entities providing key management services to the Company. Key management personnel consist of Directors and senior management including the Executive Chairman, Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, and Chief Administrative Officer.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The amounts paid to key management or entities providing similar services are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">  </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-right: 0pt; vertical-align: bottom; white-space: nowrap; text-align: center; padding-left: 0pt; text-indent: 0pt"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; font-weight: bold; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; text-align: center; white-space: nowrap">December 31,</td><td style="vertical-align: bottom; font-weight: bold; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap">December 31,</td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 0pt; vertical-align: bottom; white-space: nowrap; text-align: center; padding-left: 0pt; text-indent: 0pt"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; font-weight: bold; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; text-align: center; white-space: nowrap">2023</td><td style="vertical-align: bottom; font-weight: bold; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap">2022</td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 0pt; vertical-align: bottom; white-space: nowrap; text-align: center; padding-left: 0pt; text-indent: 0pt"> </td><td style="vertical-align: bottom; padding-bottom: 1.5pt; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; padding-bottom: 1.5pt; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; font-weight: bold; padding-bottom: 1.5pt; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; white-space: nowrap">$</td><td style="vertical-align: bottom; padding-bottom: 1.5pt; font-weight: bold; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; padding-bottom: 1.5pt; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: Black 1.5pt solid; text-align: center; white-space: nowrap">$</td><td style="vertical-align: bottom; padding-bottom: 1.5pt; white-space: nowrap; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0pt; width: 64%; padding-left: 0pt; text-indent: 0pt">Consulting</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: center">(1)</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">154,529</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">103,514</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-right: 0pt; text-align: left; padding-left: 0pt; text-indent: 0pt">Data acquisition</td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">55,150</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0pt; text-align: left; padding-left: 0pt; text-indent: 0pt">Directors’ fees</td><td> </td> <td style="text-align: left"> </td><td style="text-align: center">(2)</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">185,583</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">192,604</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-right: 0pt; text-align: left; padding-left: 0pt; text-indent: 0pt">Staff costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,956,285</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,607,211</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0pt; text-align: left; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt">Stock option expense</td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,586,512</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,729,503</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-right: 0pt; font-weight: bold; text-align: left; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt">Total key management compensation</td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">9,882,909</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">6,687,982</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(1)</td><td style="text-align: justify">During the year ended December 31, 2023, the Company incurred communications & community engagement consulting fees of $147,529 (December 31, 2022 - $103,514) according to a contract with Tintina Holdings, Ltd., a company owned and operated by the spouse of the Company’s Executive Chairman. The Company also incurred finance and accounting consulting fees of $7,000 (December 31, 2022 – <span style="-sec-ix-hidden: hidden-fact-301">nil</span>) according to a contract with Hovan Ventures LLC, a company owned and operated by the former CFO for the Company.</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">During the period Tintina Holdings, Ltd’s contract was reassigned to a company named 5 Spot Corporation, a new Company owned by the spouse of the Company’s Executive Chairman.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="text-align: justify; width: 0.5in"></td><td style="width: 0.25in; text-align: justify">(2)</td><td style="text-align: justify">Directors’ Fees are included in staff costs on the consolidated statements of loss and comprehensive loss.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">During the year ended December 31, 2023, the Company granted 2,075,000 options (December 31, 2022: 2,566,667) to key management, with a fair value of $3,174,594 (December 31, 2022: $6,496,785).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">As of December 31, 2023, and December 31, 2022, the following amounts were owing to related parties:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td style="vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="vertical-align: bottom; font-weight: bold; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; text-align: center; white-space: nowrap">December 31,</td><td style="vertical-align: bottom; font-weight: bold; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap">December 31,</td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td style="vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="vertical-align: bottom; font-weight: bold; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; text-align: center; white-space: nowrap">2023</td><td style="vertical-align: bottom; font-weight: bold; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap">2022</td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; padding-bottom: 1.5pt; text-align: center; white-space: nowrap"> </td><td style="vertical-align: bottom; padding-bottom: 1.5pt; white-space: nowrap; text-align: center"> </td> <td style="vertical-align: bottom; padding-bottom: 1.5pt; text-align: center; white-space: nowrap"> </td><td style="vertical-align: bottom; padding-bottom: 1.5pt; font-weight: bold; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; white-space: nowrap">$</td><td style="vertical-align: bottom; padding-bottom: 1.5pt; font-weight: bold; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; padding-bottom: 1.5pt; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: Black 1.5pt solid; text-align: center; white-space: nowrap">$</td><td style="vertical-align: bottom; padding-bottom: 1.5pt; white-space: nowrap; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 35.5%; text-align: left">5 Spot Corp </td><td style="width: 1%"> </td> <td style="width: 35.5%; text-align: left">Consulting services</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right">12,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right">12,744</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Hovan Ventures LLC </td><td> </td> <td style="text-align: left">Consulting services</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-align: left">Officers and Board members </td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: left">Accrued compensation</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,501,594</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">428,630</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-bottom: 1.5pt"></td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">2,520,594</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">441,374</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table>
</ifrs-full:DisclosureOfRelatedPartyExplanatory>
<ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory contextRef="c0" id="ixv-13089">
The amounts paid to key management or entities providing similar services are as follows:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-right: 0pt; vertical-align: bottom; white-space: nowrap; text-align: center; padding-left: 0pt; text-indent: 0pt"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; font-weight: bold; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; text-align: center; white-space: nowrap">December 31,</td><td style="vertical-align: bottom; font-weight: bold; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap">December 31,</td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 0pt; vertical-align: bottom; white-space: nowrap; text-align: center; padding-left: 0pt; text-indent: 0pt"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; font-weight: bold; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; text-align: center; white-space: nowrap">2023</td><td style="vertical-align: bottom; font-weight: bold; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap">2022</td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 0pt; vertical-align: bottom; white-space: nowrap; text-align: center; padding-left: 0pt; text-indent: 0pt"> </td><td style="vertical-align: bottom; padding-bottom: 1.5pt; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; padding-bottom: 1.5pt; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; font-weight: bold; padding-bottom: 1.5pt; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; white-space: nowrap">$</td><td style="vertical-align: bottom; padding-bottom: 1.5pt; font-weight: bold; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; padding-bottom: 1.5pt; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: Black 1.5pt solid; text-align: center; white-space: nowrap">$</td><td style="vertical-align: bottom; padding-bottom: 1.5pt; white-space: nowrap; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0pt; width: 64%; padding-left: 0pt; text-indent: 0pt">Consulting</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: center">(1)</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">154,529</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">103,514</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-right: 0pt; text-align: left; padding-left: 0pt; text-indent: 0pt">Data acquisition</td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">55,150</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0pt; text-align: left; padding-left: 0pt; text-indent: 0pt">Directors’ fees</td><td> </td> <td style="text-align: left"> </td><td style="text-align: center">(2)</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">185,583</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">192,604</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-right: 0pt; text-align: left; padding-left: 0pt; text-indent: 0pt">Staff costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,956,285</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,607,211</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0pt; text-align: left; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt">Stock option expense</td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,586,512</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,729,503</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-right: 0pt; font-weight: bold; text-align: left; padding-bottom: 1.5pt; padding-left: 0pt; text-indent: 0pt">Total key management compensation</td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">9,882,909</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">6,687,982</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(1)</td><td style="text-align: justify">During the year ended December 31, 2023, the Company incurred communications & community engagement consulting fees of $147,529 (December 31, 2022 - $103,514) according to a contract with Tintina Holdings, Ltd., a company owned and operated by the spouse of the Company’s Executive Chairman. The Company also incurred finance and accounting consulting fees of $7,000 (December 31, 2022 – <span style="-sec-ix-hidden: hidden-fact-301">nil</span>) according to a contract with Hovan Ventures LLC, a company owned and operated by the former CFO for the Company.</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><b> </b></p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="text-align: justify; width: 0.5in"></td><td style="width: 0.25in; text-align: justify">(2)</td><td style="text-align: justify">Directors’ Fees are included in staff costs on the consolidated statements of loss and comprehensive loss.</td> </tr></table>
</ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory>
<ifrs-full:KeyManagementPersonnelCompensation contextRef="c329" decimals="0" id="ix_15_fact" unitRef="usd"> 154529 </ifrs-full:KeyManagementPersonnelCompensation>
<ifrs-full:KeyManagementPersonnelCompensation contextRef="c330" decimals="0" id="ix_16_fact" unitRef="usd"> 103514 </ifrs-full:KeyManagementPersonnelCompensation>
<ifrs-full:KeyManagementPersonnelCompensation contextRef="c331" decimals="0" id="ixv-13092" unitRef="usd"> 55150 </ifrs-full:KeyManagementPersonnelCompensation>
<ifrs-full:KeyManagementPersonnelCompensation contextRef="c332" decimals="0" id="ix_17_fact" unitRef="usd"> 185583 </ifrs-full:KeyManagementPersonnelCompensation>
<ifrs-full:KeyManagementPersonnelCompensation contextRef="c333" decimals="0" id="ix_18_fact" unitRef="usd"> 192604 </ifrs-full:KeyManagementPersonnelCompensation>
<ifrs-full:KeyManagementPersonnelCompensation contextRef="c334" decimals="0" id="ixv-13095" unitRef="usd"> 5956285 </ifrs-full:KeyManagementPersonnelCompensation>
<ifrs-full:KeyManagementPersonnelCompensation contextRef="c335" decimals="0" id="ixv-13096" unitRef="usd"> 1607211 </ifrs-full:KeyManagementPersonnelCompensation>
<ifrs-full:KeyManagementPersonnelCompensation contextRef="c336" decimals="0" id="ixv-13097" unitRef="usd"> 3586512 </ifrs-full:KeyManagementPersonnelCompensation>
<ifrs-full:KeyManagementPersonnelCompensation contextRef="c337" decimals="0" id="ixv-13098" unitRef="usd"> 4729503 </ifrs-full:KeyManagementPersonnelCompensation>
<ifrs-full:KeyManagementPersonnelCompensation contextRef="c0" decimals="0" id="ixv-13099" unitRef="usd"> 9882909 </ifrs-full:KeyManagementPersonnelCompensation>
<ifrs-full:KeyManagementPersonnelCompensation contextRef="c4" decimals="0" id="ixv-13100" unitRef="usd"> 6687982 </ifrs-full:KeyManagementPersonnelCompensation>
<cve:ConsultingFees contextRef="c323" decimals="0" id="ixv-13101" unitRef="usd"> 147529 </cve:ConsultingFees>
<cve:ConsultingFees contextRef="c324" decimals="0" id="ixv-13102" unitRef="usd"> 103514 </cve:ConsultingFees>
<cve:ConsultingFees contextRef="c325" decimals="0" id="ixv-13103" unitRef="usd"> 7000 </cve:ConsultingFees>
<cve:FairValueAmount contextRef="c0" decimals="0" id="ixv-13105" unitRef="usd"> 2075000 </cve:FairValueAmount>
<cve:GrantedOptionsShares contextRef="c4" decimals="0" id="ixv-13106" unitRef="shares"> 2566667 </cve:GrantedOptionsShares>
<cve:FairValueAmount contextRef="c327" decimals="0" id="ixv-13107" unitRef="usd"> 3174594 </cve:FairValueAmount>
<cve:FairValueAmount contextRef="c328" decimals="0" id="ixv-13108" unitRef="usd"> 6496785 </cve:FairValueAmount>
<ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory contextRef="c0" id="ixv-13109">
As of December 31, 2023, and December 31, 2022, the following amounts were owing to related parties:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td style="vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="vertical-align: bottom; font-weight: bold; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; text-align: center; white-space: nowrap">December 31,</td><td style="vertical-align: bottom; font-weight: bold; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap">December 31,</td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td style="vertical-align: bottom; text-align: center; white-space: nowrap"> </td><td style="vertical-align: bottom; font-weight: bold; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; text-align: center; white-space: nowrap">2023</td><td style="vertical-align: bottom; font-weight: bold; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap">2022</td><td style="vertical-align: bottom; white-space: nowrap; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; padding-bottom: 1.5pt; text-align: center; white-space: nowrap"> </td><td style="vertical-align: bottom; padding-bottom: 1.5pt; white-space: nowrap; text-align: center"> </td> <td style="vertical-align: bottom; padding-bottom: 1.5pt; text-align: center; white-space: nowrap"> </td><td style="vertical-align: bottom; padding-bottom: 1.5pt; font-weight: bold; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; white-space: nowrap">$</td><td style="vertical-align: bottom; padding-bottom: 1.5pt; font-weight: bold; white-space: nowrap; text-align: center"> </td><td style="vertical-align: bottom; padding-bottom: 1.5pt; white-space: nowrap; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: Black 1.5pt solid; text-align: center; white-space: nowrap">$</td><td style="vertical-align: bottom; padding-bottom: 1.5pt; white-space: nowrap; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 35.5%; text-align: left">5 Spot Corp </td><td style="width: 1%"> </td> <td style="width: 35.5%; text-align: left">Consulting services</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right">12,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right">12,744</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Hovan Ventures LLC </td><td> </td> <td style="text-align: left">Consulting services</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-align: left">Officers and Board members </td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: left">Accrued compensation</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,501,594</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">428,630</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-bottom: 1.5pt"></td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">2,520,594</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">441,374</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table>
</ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory>
<ifrs-full:AmountsPayableRelatedPartyTransactions contextRef="c338" decimals="0" id="ixv-13110" unitRef="usd"> 12000 </ifrs-full:AmountsPayableRelatedPartyTransactions>
<ifrs-full:AmountsPayableRelatedPartyTransactions contextRef="c339" decimals="0" id="ixv-13111" unitRef="usd"> 12744 </ifrs-full:AmountsPayableRelatedPartyTransactions>
<ifrs-full:AmountsPayableRelatedPartyTransactions contextRef="c340" decimals="0" id="ixv-13112" unitRef="usd"> 7000 </ifrs-full:AmountsPayableRelatedPartyTransactions>
<ifrs-full:AmountsPayableRelatedPartyTransactions contextRef="c341" decimals="0" id="ixv-13113" unitRef="usd"> 2501594 </ifrs-full:AmountsPayableRelatedPartyTransactions>
<ifrs-full:AmountsPayableRelatedPartyTransactions contextRef="c342" decimals="0" id="ixv-13114" unitRef="usd"> 428630 </ifrs-full:AmountsPayableRelatedPartyTransactions>
<ifrs-full:AmountsPayableRelatedPartyTransactions contextRef="c2" decimals="0" id="ixv-13115" unitRef="usd"> 2520594 </ifrs-full:AmountsPayableRelatedPartyTransactions>
<ifrs-full:AmountsPayableRelatedPartyTransactions contextRef="c3" decimals="0" id="ixv-13116" unitRef="usd"> 441374 </ifrs-full:AmountsPayableRelatedPartyTransactions>
<cve:DisclosureOfManagementOfCapitalExplanatoryTextBlock contextRef="c0" id="ixv-10406">
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><b>14.</b></td><td style="text-align: justify"><b>Management of capital</b></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><b> </b></p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">The Company’s objectives when managing capital are to safeguard its ability to continue as a going concern in order to support the exploration, evaluation, and development of its mineral properties and to maintain a flexible capital structure that optimizes the cost of capital within a framework of acceptable risk. The Company manages the capital structure and makes adjustments to it in light of changes in economic conditions and the risk characteristics of the underlying assets. To maintain or adjust its capital structure, the Company may issue new shares, issue debt, and acquire or dispose of assets.</p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"> </p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">The Company is dependent on the capital markets as its primary source of operating capital and the Company’s capital resources are largely determined by the strength of the junior resource markets, the status of the Company’s projects in relation to these markets, and its ability to compete for investor support of its projects.</p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"> </p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">The Company considers the components of shareholders’ equity as capital.</p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"> </p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">There were no changes in the Company’s approach to capital management during the year ended December 31, 2023, and the Company is not subject to any externally imposed capital requirements.</p>
</cve:DisclosureOfManagementOfCapitalExplanatoryTextBlock>
<ifrs-full:DisclosureOfFinancialInstrumentsExplanatory contextRef="c0" id="ixv-10426">
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="text-align: justify; width: 0.25in"></td><td style="text-align: justify; width: 0.25in"><b>15.</b></td><td style="text-align: justify"><b>Financial instruments</b></td></tr></table> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><b> </b></p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Financial instruments include cash, receivables and marketable securities and any contract that gives rise to a financial asset to one party and a financial liability or equity instrument to another party. Financial assets and liabilities measured at fair value are classified in the fair value hierarchy according to the lowest level of input that is significant to the fair value measurement. Assessment of the significance of a particular input to the fair value measurement requires judgement and may affect placement within the fair value hierarchy levels. The hierarchy is as follows:</p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">1.</td><td style="text-align: justify">Level 1 fair value measurements are those derived from quoted prices in active markets for identical assets or liabilities.</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">2.</td><td style="text-align: justify">Level 2 fair value measurements are those derived from inputs other than quoted prices included within Level 1, that are observable either directly or indirectly.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="text-align: justify; width: 0.75in"></td><td style="width: 0.25in; text-align: justify">●</td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Level 3 fair value measurements are those derived from valuation techniques that include inputs that are not based on observable market data.</span></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Marketable securities are measured at Level 1 of the fair value hierarchy. The Company classifies these investments as financial assets whose value is derived from quoted prices in active markets and carries them at FVTPL.</p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company classifies its cash, restricted cash and receivables as financial assets measured at amortized cost. Accounts payable, lease liability, due to related parties, and convertible promissory note are classified as financial liabilities measured at amortized cost. The carrying amounts of receivables, accounts payable, and amounts due to related parties approximate their fair values due to the short-term nature of the financial instruments. The carrying value of the Company’s convertible promissory note, and lease liabilities approximates fair value as they bear a rate of interest commensurate with market rates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Investments in uranium are measured at Level 1 of the fair value hierarchy. The Company classifies these investments as financial assets measured at fair value as determined based on the most recent month-end spot prices for uranium published by UxC and converted to Canadian dollars at the date of the consolidated statements of financial position.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>Currency risk</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Foreign currency exchange risk is the risk that future cash flows, net income and comprehensive income will fluctuate as a result of changes in foreign exchange rates. As the Company’s operations are conducted internationally, operations and capital activity may be transacted in currencies other than the functional currency of the entity party to the transaction.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company’s objective in managing its foreign currency risk is to minimize its net exposures to foreign currency cash flows by obtaining most of its estimated annual U.S. cash requirements and holding the remaining currency in Canadian dollars. The Company monitors and forecasts the values of net foreign currency cash flow and consolidated statement of financial position exposures and from time to time could authorize the use of derivative financial instruments such as forward foreign exchange contracts to economically hedge a portion of foreign currency fluctuations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The following table provides an indication of the Company’s foreign currency exposures during the years ended December 31, 2023, and December 31, 2022:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="text-align: center; font-weight: bold">December 31,</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center">December 31,</td><td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; font-weight: bold">2023</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center">2022</td><td style="text-align: center; padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; font-weight: bold; border-bottom: Black 1.5pt solid">C$</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">C$</td><td style="text-align: center; padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%">Cash</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">5,120,718</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">216,871</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Marketable Securities - Current</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">22,333,093</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,162,362</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-decoration: none; text-align: left; padding-bottom: 1.5pt">Accounts payable and accrued liabilities</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(351,193</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(2,890,582</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">27,102,618</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">488,651</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">A 10% change in Canadian/US foreign exchange rate at period end would have changed the net loss of the Company, assuming that all other variables remained constant, by $2,049,192 for the year ended December 31, 2023 (December 31, 2022 - $352,315).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company has not, to the date of these financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Credit risk</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Credit risk arises from cash held by banks and financial institutions and receivables. The maximum exposure to credit risk is equal to the carrying value of these financial assets. Some of the Company’s cash is held by a Canadian bank.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>Market risk</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company is exposed to market risk because of the fluctuating value of its marketable securities (Note 4). The Company has no control over these fluctuations and does not hedge its investments. Based on the December 31, 2023 value of marketable securities every 10% change in the share price of these holdings would have impacted loss for the period, by approximately $1,689,000 (December 31, 2022 - $550,000) before income taxes.</p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Further, the Company is still primarily in the exploration stage; commodity prices are not reflected in operating financial results. However, fluctuations in commodity prices may influence financial markets and may indirectly affect the Company’s ability to raise capital to fund exploration.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>Interest rate risk</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Interest rate risk mainly arises from the Company’s cash, which receives interest based on market interest rates. The interest rate risk on cash is not considered significant.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>Liquidity risk</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company is primarily engaged in the acquisition, exploration, and development of uranium resource properties in the United States which is subject to significant inherent risk. Declines in the market prices of uranium and delays in the production, changes in the regulatory environment and adverse changes in other inherent risks can significantly and negatively impact the Company’s operations and cash flows and its ability to maintain sufficient liquidity to meet its financial obligations. Adverse changes to the factors mentioned above have impacted the recoverability of the Company’s mineral properties property, mining properties, and plant and equipment, which may result in impairment losses being recorded.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company’s current operating budget and future estimated cash flows indicate that the Company will generate positive cash flow in excess of the Company’s cash commitments within the twelve-month period following the date these consolidated financial statements were authorized for issuance.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company may be required to raise additional funds from external sources to meet these requirements. There is no assurance that the Company will be able to raise such additional funds on acceptable terms, if at all.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">If the Company raises additional funds by issuing securities, existing shareholders may be diluted. If the Company is unable to obtain financing from external sources or issuing securities the Company may have difficulty meeting its payment obligations.</p>
</ifrs-full:DisclosureOfFinancialInstrumentsExplanatory>
<cve:ScheduleOfFinancialInstrumentTableTextBlock contextRef="c0" id="ixv-13117">
The following table provides an indication of the Company’s foreign currency exposures during the years ended December 31, 2023, and December 31, 2022:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="text-align: center; font-weight: bold">December 31,</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center">December 31,</td><td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; font-weight: bold">2023</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center">2022</td><td style="text-align: center; padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; font-weight: bold; border-bottom: Black 1.5pt solid">C$</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">C$</td><td style="text-align: center; padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%">Cash</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">5,120,718</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">216,871</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Marketable Securities - Current</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">22,333,093</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,162,362</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-decoration: none; text-align: left; padding-bottom: 1.5pt">Accounts payable and accrued liabilities</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(351,193</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(2,890,582</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">27,102,618</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">488,651</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table>
</cve:ScheduleOfFinancialInstrumentTableTextBlock>
<ifrs-full:Cash contextRef="c343" decimals="0" id="ixv-13118" unitRef="cad"> 5120718 </ifrs-full:Cash>
<ifrs-full:Cash contextRef="c344" decimals="0" id="ixv-13119" unitRef="cad"> 216871 </ifrs-full:Cash>
<cve:MarketableeSecuritiesCurrent contextRef="c343" decimals="0" id="ixv-13120" unitRef="cad"> 22333093 </cve:MarketableeSecuritiesCurrent>
<cve:MarketableeSecuritiesCurrent contextRef="c344" decimals="0" id="ixv-13121" unitRef="cad"> 3162362 </cve:MarketableeSecuritiesCurrent>
<cve:AccountPayablesAndAccruedLiabilities contextRef="c343" decimals="0" id="ixv-13122" unitRef="cad"> 351193 </cve:AccountPayablesAndAccruedLiabilities>
<cve:AccountPayablesAndAccruedLiabilities contextRef="c344" decimals="0" id="ixv-13123" unitRef="cad"> 2890582 </cve:AccountPayablesAndAccruedLiabilities>
<ifrs-full:AssetsLessCurrentLiabilities contextRef="c343" decimals="0" id="ixv-13124" unitRef="cad"> 27102618 </ifrs-full:AssetsLessCurrentLiabilities>
<ifrs-full:AssetsLessCurrentLiabilities contextRef="c344" decimals="0" id="ixv-13125" unitRef="cad"> 488651 </ifrs-full:AssetsLessCurrentLiabilities>
<cve:ForeignExchangeRate contextRef="c0" decimals="2" id="ixv-13126" unitRef="pure"> 0.10 </cve:ForeignExchangeRate>
<ifrs-full:NotionalAmount contextRef="c2" decimals="0" id="ixv-13127" unitRef="usd"> 2049192 </ifrs-full:NotionalAmount>
<ifrs-full:NotionalAmount contextRef="c3" decimals="0" id="ixv-13128" unitRef="usd"> 352315 </ifrs-full:NotionalAmount>
<ifrs-full:TaxRateEffectFromChangeInTaxRate contextRef="c0" decimals="2" id="ixv-13129" unitRef="pure"> 0.10 </ifrs-full:TaxRateEffectFromChangeInTaxRate>
<cve:ImpactedLoss contextRef="c0" decimals="0" id="ixv-13130" unitRef="usd"> 1689000 </cve:ImpactedLoss>
<cve:ImpactedLoss contextRef="c4" decimals="0" id="ixv-13131" unitRef="usd"> 550000 </cve:ImpactedLoss>
<ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory contextRef="c0" id="ixv-10696">
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><b>16.</b></td><td style="text-align: justify"><b>Segmented information</b></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company operates in a single segment: the acquisition, exploration, and development of mineral properties in the United States.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The table below provides a breakdown of the Company’s long-term assets by geographic segment:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">South Dakota <br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Texas<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">New Mexico<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Wyoming<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Other States<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Canada<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Total<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 23%; text-align: left; text-indent: -9pt; padding-left: 9pt">Intangible assets</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-302">-</div></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right">122,401</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right">217,241</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-303">-</div></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right">188,640</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-304">-</div></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right">528,282</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt">Property, plant and equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,630</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,273,791</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-305">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-306">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-307">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-308">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,334,421</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt">Mineral properties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">86,220,848</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,144,069</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,905,348</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">41,754,462</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,194,359</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-309">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">145,219,086</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt">Mining properties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-310">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-311">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-312">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-313">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-314">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-315">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-316">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: -9pt; padding-left: 9pt">Right-of-use assets</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-317">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">168,871</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-318">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-319">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-320">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">16,743</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">185,614</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt; text-indent: -9pt; padding-left: 9pt">Balance, December 31, 2022</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">86,281,478</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">11,709,132</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">5,122,589</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">41,754,462</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,382,999</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">16,743</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">148,267,403</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt">Intangible assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-321">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">122,399</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">216,340</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-322">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">174,982</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-323">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">513,721</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt">Property, plant and equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">208,619</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,761,241</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-324">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-325">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-326">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-327">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,969,860</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt">Mineral properties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">86,713,367</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">132,454,909</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,521,503</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">42,158,462</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,360,897</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-328">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">267,209,138</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt">Mining properties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-329">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,301,820</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-330">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-331">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-332">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-333">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,301,820</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: -9pt; padding-left: 9pt">Right-of-use assets</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-334">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">443,645</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-335">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-336">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-337">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-338">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">443,645</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1.5pt; text-indent: -9pt; padding-left: 9pt">Balance, December 31, 2023</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">86,921,986</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">153,084,014</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">2,737,843</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">42,158,462</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">3,535,879</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-339">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">288,438,184</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table>
</ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory>
<cve:DisclosureOfLongtermAssetsByGeographicSegmentTableTextBlock contextRef="c0" id="ixv-13132">
The table below provides a breakdown of the Company’s long-term assets by geographic segment:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">South Dakota <br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Texas<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">New Mexico<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Wyoming<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Other States<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Canada<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Total<br/> $</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 23%; text-align: left; text-indent: -9pt; padding-left: 9pt">Intangible assets</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-302">-</div></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right">122,401</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right">217,241</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-303">-</div></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right">188,640</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-304">-</div></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right">528,282</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt">Property, plant and equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,630</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,273,791</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-305">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-306">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-307">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-308">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,334,421</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt">Mineral properties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">86,220,848</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,144,069</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,905,348</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">41,754,462</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,194,359</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-309">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">145,219,086</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt">Mining properties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-310">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-311">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-312">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-313">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-314">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-315">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-316">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: -9pt; padding-left: 9pt">Right-of-use assets</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-317">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">168,871</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-318">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-319">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-320">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">16,743</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">185,614</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt; text-indent: -9pt; padding-left: 9pt">Balance, December 31, 2022</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">86,281,478</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">11,709,132</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">5,122,589</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">41,754,462</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,382,999</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">16,743</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">148,267,403</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt">Intangible assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-321">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">122,399</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">216,340</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-322">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">174,982</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-323">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">513,721</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt">Property, plant and equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">208,619</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,761,241</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-324">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-325">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-326">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-327">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,969,860</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt">Mineral properties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">86,713,367</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">132,454,909</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,521,503</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">42,158,462</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,360,897</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-328">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">267,209,138</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt">Mining properties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-329">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,301,820</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-330">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-331">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-332">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-333">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,301,820</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: -9pt; padding-left: 9pt">Right-of-use assets</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-334">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">443,645</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-335">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-336">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-337">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-338">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">443,645</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1.5pt; text-indent: -9pt; padding-left: 9pt">Balance, December 31, 2023</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">86,921,986</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">153,084,014</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">2,737,843</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">42,158,462</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">3,535,879</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-339">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">288,438,184</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table>
</cve:DisclosureOfLongtermAssetsByGeographicSegmentTableTextBlock>
<ifrs-full:IntangibleAssetsOtherThanGoodwill contextRef="c346" decimals="0" id="ixv-13133" unitRef="usd"> 122401 </ifrs-full:IntangibleAssetsOtherThanGoodwill>
<ifrs-full:IntangibleAssetsOtherThanGoodwill contextRef="c347" decimals="0" id="ixv-13134" unitRef="usd"> 217241 </ifrs-full:IntangibleAssetsOtherThanGoodwill>
<ifrs-full:IntangibleAssetsOtherThanGoodwill contextRef="c349" decimals="0" id="ixv-13135" unitRef="usd"> 188640 </ifrs-full:IntangibleAssetsOtherThanGoodwill>
<ifrs-full:IntangibleAssetsOtherThanGoodwill contextRef="c3" decimals="0" id="ixv-13136" unitRef="usd"> 528282 </ifrs-full:IntangibleAssetsOtherThanGoodwill>
<ifrs-full:PropertyPlantAndEquipment contextRef="c345" decimals="0" id="ixv-13137" unitRef="usd"> 60630 </ifrs-full:PropertyPlantAndEquipment>
<ifrs-full:PropertyPlantAndEquipment contextRef="c346" decimals="0" id="ixv-13138" unitRef="usd"> 2273791 </ifrs-full:PropertyPlantAndEquipment>
<ifrs-full:PropertyPlantAndEquipment contextRef="c3" decimals="0" id="ixv-13139" unitRef="usd"> 2334421 </ifrs-full:PropertyPlantAndEquipment>
<cve:MineralProperty contextRef="c345" decimals="0" id="ixv-13140" unitRef="usd"> 86220848 </cve:MineralProperty>
<cve:MineralProperty contextRef="c346" decimals="0" id="ixv-13141" unitRef="usd"> 9144069 </cve:MineralProperty>
<cve:MineralProperty contextRef="c347" decimals="0" id="ixv-13142" unitRef="usd"> 4905348 </cve:MineralProperty>
<cve:MineralProperty contextRef="c348" decimals="0" id="ixv-13143" unitRef="usd"> 41754462 </cve:MineralProperty>
<cve:MineralProperty contextRef="c349" decimals="0" id="ixv-13144" unitRef="usd"> 3194359 </cve:MineralProperty>
<cve:MineralProperty contextRef="c3" decimals="0" id="ixv-13145" unitRef="usd"> 145219086 </cve:MineralProperty>
<ifrs-full:RightofuseAssets contextRef="c346" decimals="0" id="ixv-13146" unitRef="usd"> 168871 </ifrs-full:RightofuseAssets>
<ifrs-full:RightofuseAssets contextRef="c350" decimals="0" id="ixv-13147" unitRef="usd"> 16743 </ifrs-full:RightofuseAssets>
<ifrs-full:RightofuseAssets contextRef="c3" decimals="0" id="ixv-13148" unitRef="usd"> 185614 </ifrs-full:RightofuseAssets>
<cve:SegmentedInformationBalance contextRef="c345" decimals="0" id="ixv-13149" unitRef="usd"> 86281478 </cve:SegmentedInformationBalance>
<cve:SegmentedInformationBalance contextRef="c346" decimals="0" id="ixv-13150" unitRef="usd"> 11709132 </cve:SegmentedInformationBalance>
<cve:SegmentedInformationBalance contextRef="c347" decimals="0" id="ixv-13151" unitRef="usd"> 5122589 </cve:SegmentedInformationBalance>
<cve:SegmentedInformationBalance contextRef="c348" decimals="0" id="ixv-13152" unitRef="usd"> 41754462 </cve:SegmentedInformationBalance>
<cve:SegmentedInformationBalance contextRef="c349" decimals="0" id="ixv-13153" unitRef="usd"> 3382999 </cve:SegmentedInformationBalance>
<cve:SegmentedInformationBalance contextRef="c350" decimals="0" id="ixv-13154" unitRef="usd"> 16743 </cve:SegmentedInformationBalance>
<cve:SegmentedInformationBalance contextRef="c3" decimals="0" id="ixv-13155" unitRef="usd"> 148267403 </cve:SegmentedInformationBalance>
<ifrs-full:IntangibleAssetsOtherThanGoodwill contextRef="c269" decimals="0" id="ixv-13156" unitRef="usd"> 122399 </ifrs-full:IntangibleAssetsOtherThanGoodwill>
<ifrs-full:IntangibleAssetsOtherThanGoodwill contextRef="c267" decimals="0" id="ixv-13157" unitRef="usd"> 216340 </ifrs-full:IntangibleAssetsOtherThanGoodwill>
<ifrs-full:IntangibleAssetsOtherThanGoodwill contextRef="c351" decimals="0" id="ixv-13158" unitRef="usd"> 174982 </ifrs-full:IntangibleAssetsOtherThanGoodwill>
<ifrs-full:IntangibleAssetsOtherThanGoodwill contextRef="c2" decimals="0" id="ixv-13159" unitRef="usd"> 513721 </ifrs-full:IntangibleAssetsOtherThanGoodwill>
<ifrs-full:PropertyPlantAndEquipment contextRef="c268" decimals="0" id="ixv-13160" unitRef="usd"> 208619 </ifrs-full:PropertyPlantAndEquipment>
<ifrs-full:PropertyPlantAndEquipment contextRef="c269" decimals="0" id="ixv-13161" unitRef="usd"> 14761241 </ifrs-full:PropertyPlantAndEquipment>
<ifrs-full:PropertyPlantAndEquipment contextRef="c2" decimals="0" id="ixv-13162" unitRef="usd"> 14969860 </ifrs-full:PropertyPlantAndEquipment>
<cve:MineralProperty contextRef="c268" decimals="0" id="ixv-13163" unitRef="usd"> 86713367 </cve:MineralProperty>
<cve:MineralProperty contextRef="c269" decimals="0" id="ixv-13164" unitRef="usd"> 132454909 </cve:MineralProperty>
<cve:MineralProperty contextRef="c267" decimals="0" id="ixv-13165" unitRef="usd"> 2521503 </cve:MineralProperty>
<cve:MineralProperty contextRef="c271" decimals="0" id="ixv-13166" unitRef="usd"> 42158462 </cve:MineralProperty>
<cve:MineralProperty contextRef="c351" decimals="0" id="ixv-13167" unitRef="usd"> 3360897 </cve:MineralProperty>
<cve:MineralProperty contextRef="c2" decimals="0" id="ixv-13168" unitRef="usd"> 267209138 </cve:MineralProperty>
<cve:MiningProperties contextRef="c269" decimals="0" id="ixv-13169" unitRef="usd"> 5301820 </cve:MiningProperties>
<cve:MiningProperties contextRef="c2" decimals="0" id="ixv-13170" unitRef="usd"> 5301820 </cve:MiningProperties>
<ifrs-full:RightofuseAssets contextRef="c269" decimals="0" id="ixv-13171" unitRef="usd"> 443645 </ifrs-full:RightofuseAssets>
<ifrs-full:RightofuseAssets contextRef="c2" decimals="0" id="ixv-13172" unitRef="usd"> 443645 </ifrs-full:RightofuseAssets>
<cve:SegmentedInformationBalance contextRef="c268" decimals="0" id="ixv-13173" unitRef="usd"> 86921986 </cve:SegmentedInformationBalance>
<cve:SegmentedInformationBalance contextRef="c269" decimals="0" id="ixv-13174" unitRef="usd"> 153084014 </cve:SegmentedInformationBalance>
<cve:SegmentedInformationBalance contextRef="c267" decimals="0" id="ixv-13175" unitRef="usd"> 2737843 </cve:SegmentedInformationBalance>
<cve:SegmentedInformationBalance contextRef="c271" decimals="0" id="ixv-13176" unitRef="usd"> 42158462 </cve:SegmentedInformationBalance>
<cve:SegmentedInformationBalance contextRef="c351" decimals="0" id="ixv-13177" unitRef="usd"> 3535879 </cve:SegmentedInformationBalance>
<cve:SegmentedInformationBalance contextRef="c2" decimals="0" id="ixv-13178" unitRef="usd"> 288438184 </cve:SegmentedInformationBalance>
<cve:SupplementalDisclosureWithRespectToCashflowsTextBlock contextRef="c0" id="ixv-11176">
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><b>17.</b></td><td style="text-align: justify"><b>Supplemental cash flows</b></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company incurred non-cash financing and investing activities as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td><td style="font-weight: normal; font-style: normal"> </td> <td colspan="2" style="font-weight: normal; font-style: normal; text-align: center">December 31,</td><td style="font-weight: normal; font-style: normal"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">2023</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center">2022</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">$</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">$</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">Non-cash financing activities:</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; width: 76%; text-align: left">Share issue costs on finders’ warrants issued</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1,415,057</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-340">-</div></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left">Deferred financing costs remaining in accounts payable and accrued liabilities</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-341">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,513,220</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,415,057</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,513,220</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Non-cash investing activities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">Mineral property costs included in accounts payable and accrued liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">327,607</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">27,040</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left">Property, plant, and equipment additions included in accounts payable and accrued liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">187,834</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">20,090</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">Reclamation Settlements remaining in Accounts Payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,651</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-342">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left">Convertible promissory note issued for asset acquisition (Note 10)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-343">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">Marketable securities received on divestitures</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">9,815,100</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,051,564</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">70,340,192</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,098,694</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">   </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">There were no amounts paid for income taxes during the years ended December 31, 2023, and December 31, 2022.</p>
</cve:SupplementalDisclosureWithRespectToCashflowsTextBlock>
<cve:ScheduleOfIncurredNoncashFinancingAndInvestingActivitiesTableTextBlock contextRef="c0" id="ixv-13179">
The Company incurred non-cash financing and investing activities as follows:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td><td style="font-weight: normal; font-style: normal"> </td> <td colspan="2" style="font-weight: normal; font-style: normal; text-align: center">December 31,</td><td style="font-weight: normal; font-style: normal"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">2023</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center">2022</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">$</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">$</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">Non-cash financing activities:</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; width: 76%; text-align: left">Share issue costs on finders’ warrants issued</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1,415,057</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-340">-</div></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left">Deferred financing costs remaining in accounts payable and accrued liabilities</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-341">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,513,220</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,415,057</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,513,220</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Non-cash investing activities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">Mineral property costs included in accounts payable and accrued liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">327,607</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">27,040</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left">Property, plant, and equipment additions included in accounts payable and accrued liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">187,834</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">20,090</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">Reclamation Settlements remaining in Accounts Payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,651</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-342">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left">Convertible promissory note issued for asset acquisition (Note 10)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-343">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">Marketable securities received on divestitures</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">9,815,100</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,051,564</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">70,340,192</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,098,694</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table>
</cve:ScheduleOfIncurredNoncashFinancingAndInvestingActivitiesTableTextBlock>
<cve:ShareIssueCostsOnFindersWarrantsIssued contextRef="c0" decimals="0" id="ixv-13180" unitRef="usd"> 1415057 </cve:ShareIssueCostsOnFindersWarrantsIssued>
<ifrs-full:CurrentAccruedExpensesAndOtherCurrentLiabilities contextRef="c3" decimals="0" id="ixv-13181" unitRef="usd"> 1513220 </ifrs-full:CurrentAccruedExpensesAndOtherCurrentLiabilities>
<cve:TotalNoncashFinancingActivities contextRef="c2" decimals="0" id="ixv-13182" unitRef="usd"> 1415057 </cve:TotalNoncashFinancingActivities>
<cve:TotalNoncashFinancingActivities contextRef="c3" decimals="0" id="ixv-13183" unitRef="usd"> 1513220 </cve:TotalNoncashFinancingActivities>
<ifrs-full:LiabilitiesArisingFromExplorationForAndEvaluationOfMineralResources contextRef="c2" decimals="0" id="ixv-13184" unitRef="usd"> 327607 </ifrs-full:LiabilitiesArisingFromExplorationForAndEvaluationOfMineralResources>
<ifrs-full:LiabilitiesArisingFromExplorationForAndEvaluationOfMineralResources contextRef="c3" decimals="0" id="ixv-13185" unitRef="usd"> 27040 </ifrs-full:LiabilitiesArisingFromExplorationForAndEvaluationOfMineralResources>
<cve:PropertyPlantAndEquipmentAdditionIncludedInAccountsPayableAndAccruedLiabilities contextRef="c2" decimals="0" id="ixv-13186" unitRef="usd"> 187834 </cve:PropertyPlantAndEquipmentAdditionIncludedInAccountsPayableAndAccruedLiabilities>
<cve:PropertyPlantAndEquipmentAdditionIncludedInAccountsPayableAndAccruedLiabilities contextRef="c3" decimals="0" id="ixv-13187" unitRef="usd"> 20090 </cve:PropertyPlantAndEquipmentAdditionIncludedInAccountsPayableAndAccruedLiabilities>
<cve:ReclamationSettlementsRemainingInAccountsPayable contextRef="c2" decimals="0" id="ixv-13188" unitRef="usd"> 9651 </cve:ReclamationSettlementsRemainingInAccountsPayable>
<cve:ConvertiblePromissoryNoteIssuedForAssetAcquisition contextRef="c2" decimals="0" id="ixv-13189" unitRef="usd"> 60000000 </cve:ConvertiblePromissoryNoteIssuedForAssetAcquisition>
<cve:MarketableSecuritieReceivedOnDispositionOfMineralProperties contextRef="c2" decimals="0" id="ixv-13190" unitRef="usd"> 9815100 </cve:MarketableSecuritieReceivedOnDispositionOfMineralProperties>
<cve:MarketableSecuritieReceivedOnDispositionOfMineralProperties contextRef="c3" decimals="0" id="ixv-13191" unitRef="usd"> 3051564 </cve:MarketableSecuritieReceivedOnDispositionOfMineralProperties>
<cve:TotalNoncashInvestingActivities contextRef="c2" decimals="0" id="ixv-13192" unitRef="usd"> 70340192 </cve:TotalNoncashInvestingActivities>
<cve:TotalNoncashInvestingActivities contextRef="c3" decimals="0" id="ixv-13193" unitRef="usd"> 3098694 </cve:TotalNoncashInvestingActivities>
<ifrs-full:DisclosureOfIncomeTaxExplanatory contextRef="c0" id="ixv-11358">
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><b>18.</b></td><td style="text-align: justify"><b>Current and deferred income tax</b></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b><span style="text-decoration:underline">Income tax expense (recovery)</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">December 31, <br/> 2023</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center">December 31, <br/> 2022</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">$</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">$</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Current tax expense (recovery)</td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%">Current period</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2,450</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-344"> </div></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Deferred tax expense (recovery)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Orgination and reversal of temporary differences</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,631,094</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,949,101</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Change in tax rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(321,972</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt; text-align: left">Change in unrecognized temporary differences</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,953,071</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,949,101</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; font-weight: bold; text-align: left">Income tax expense (recovery)</td><td style="padding-bottom: 4pt; font-weight: bold"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">2,455</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt; font-weight: bold"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-345">-</div></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The actual income tax provision differs from the expected amount calculated by applying the Canadian combined federal and provincial corporate tax rates to income before tax. These differences result from the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">December 31,<br/> 2023</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center">December 31,<br/> 2022</td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">$</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">$</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Loss before income tax</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">(22,385,977</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">(16,515,389</td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt">Statutory income tax rate</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">27</td><td style="padding-bottom: 1.5pt; text-align: left">%</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">27</td><td style="padding-bottom: 1.5pt; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Expected income tax expense (recovery)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(6,044,214</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,459,155</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Increase (decrease) resulting from:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">Change in unrecognized temporary differences</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,953,071</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,949,101</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left">Permanent differences</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,135,213</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,159,884</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">Change in tax rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(321,972</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left">Effect of tax rates in foreign jurisdictions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">221,891</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">146,727</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in">Share issue costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">201,740</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; padding-bottom: 1.5pt">Other</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">58,461</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,703</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1.5pt">Income tax expense (recovery)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,450</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Recognized deferred tax assets and liabilities</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Deferred tax assets are attributable to the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">December 31,<br/> 2023</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center">December 31,<br/> 2022</td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">$</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">$</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Loss carryforwards</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2,136,465</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">488,823</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Lease liability and other</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">166,894</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-346">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Deferred tax assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,303,159</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">488,823</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt">Set-off of tax</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(2,303,159</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(488,823</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1.5pt">Net deferred tax assets</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-347">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-348">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 0.5in">Deferred tax liabilities are attributable to the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 0.5in"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></p><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>December 31, 2023</b></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>$</b></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">December 31, 2022 <br/>$</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Intangible assets</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">(37,659</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">(39,481</td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Right-of-use assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(119,784</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(42,472</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Fixed assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(913,369</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(276,699</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Convertible note</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(182,600</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-349">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Marketable securities</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,049,747</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(130,171</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Deferred tax liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,303,159</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(488,823</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt">Set-off of tax</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,303,159</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">488,823</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-bottom: 1.5pt">Net deferred tax liability</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-350">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-351">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 0.5in"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify; text-indent: 0.5in"><b><span style="text-decoration:underline">Unrecognized deferred tax assets</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">December 31, 2023</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center">December 31, 2022</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">$</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">$</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Deductible temporary differences</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">16,045,512</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">3,920,076</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt">Tax losses</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">40,067,059</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">26,069,552</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">56,112,571</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">29,989,628</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Deferred tax assets have not been recognized in respect of the above items, because it is not probable that future taxable profit will be available against which the Company can use the benefits therefrom.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company has Canadian non-capital loss carryforwards of $42,405,288 (December 31, 2022 - $28,628,469), that will start expiring in 2028 and US federal net operating loss carryforwards of $27,093,435 (December 31, 2022 - $21,099,321), of which $21,217,214 can be carried forward indefinitely and $5,876,221 that will start expiring in 2027.</p>
</ifrs-full:DisclosureOfIncomeTaxExplanatory>
<cve:DisclosureOfIncomeTaxExpenseRecoveryExplanatoryTableTextBlock contextRef="c0" id="ixv-11372">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">December 31, <br/> 2023</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center">December 31, <br/> 2022</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">$</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">$</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Current tax expense (recovery)</td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%">Current period</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2,450</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-344"> </div></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Deferred tax expense (recovery)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Orgination and reversal of temporary differences</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,631,094</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,949,101</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Change in tax rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(321,972</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt; text-align: left">Change in unrecognized temporary differences</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,953,071</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,949,101</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; font-weight: bold; text-align: left">Income tax expense (recovery)</td><td style="padding-bottom: 4pt; font-weight: bold"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">2,455</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt; font-weight: bold"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-345">-</div></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">December 31,<br/> 2023</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center">December 31,<br/> 2022</td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">$</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">$</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Loss carryforwards</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2,136,465</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">488,823</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Lease liability and other</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">166,894</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-346">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Deferred tax assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,303,159</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">488,823</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt">Set-off of tax</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(2,303,159</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(488,823</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1.5pt">Net deferred tax assets</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-347">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-348">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table>
</cve:DisclosureOfIncomeTaxExpenseRecoveryExplanatoryTableTextBlock>
<cve:AdjustmentsForCurrentPeriodTax contextRef="c0" decimals="0" id="ixv-13194" unitRef="usd"> 2450 </cve:AdjustmentsForCurrentPeriodTax>
<cve:OrginationAndReversalOfTemporaryDifferences contextRef="c0" decimals="0" id="ixv-13195" unitRef="usd"> -4631094 </cve:OrginationAndReversalOfTemporaryDifferences>
<cve:OrginationAndReversalOfTemporaryDifferences contextRef="c4" decimals="0" id="ixv-13196" unitRef="usd"> -2949101 </cve:OrginationAndReversalOfTemporaryDifferences>
<ifrs-full:DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes contextRef="c0" decimals="0" id="ixv-13197" unitRef="usd"> -321972 </ifrs-full:DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes>
<cve:ChangeInUnrecognizedTemporaryDifference contextRef="c0" decimals="0" id="ixv-13198" unitRef="usd"> 4953071 </cve:ChangeInUnrecognizedTemporaryDifference>
<cve:ChangeInUnrecognizedTemporaryDifference contextRef="c4" decimals="0" id="ixv-13199" unitRef="usd"> 2949101 </cve:ChangeInUnrecognizedTemporaryDifference>
<ifrs-full:IncomeTaxesPaidRefund contextRef="c0" decimals="0" id="ixv-13200" unitRef="usd"> 2455 </ifrs-full:IncomeTaxesPaidRefund>
<ifrs-full:DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory contextRef="c0" id="ixv-11529">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">December 31,<br/> 2023</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center">December 31,<br/> 2022</td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">$</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">$</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Loss before income tax</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">(22,385,977</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">(16,515,389</td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt">Statutory income tax rate</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">27</td><td style="padding-bottom: 1.5pt; text-align: left">%</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">27</td><td style="padding-bottom: 1.5pt; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Expected income tax expense (recovery)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(6,044,214</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,459,155</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Increase (decrease) resulting from:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">Change in unrecognized temporary differences</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,953,071</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,949,101</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left">Permanent differences</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,135,213</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,159,884</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">Change in tax rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(321,972</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left">Effect of tax rates in foreign jurisdictions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">221,891</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">146,727</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in">Share issue costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">201,740</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; padding-bottom: 1.5pt">Other</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">58,461</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,703</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1.5pt">Income tax expense (recovery)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,450</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table>
</ifrs-full:DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory>
<ifrs-full:ProfitLossBeforeTax contextRef="c354" decimals="0" id="ixv-13201" unitRef="usd"> 22385977 </ifrs-full:ProfitLossBeforeTax>
<ifrs-full:ProfitLossBeforeTax contextRef="c355" decimals="0" id="ixv-13202" unitRef="usd"> 16515389 </ifrs-full:ProfitLossBeforeTax>
<ifrs-full:ApplicableTaxRate contextRef="c354" decimals="2" id="ixv-13203" unitRef="pure"> 0.27 </ifrs-full:ApplicableTaxRate>
<ifrs-full:ApplicableTaxRate contextRef="c355" decimals="2" id="ixv-13204" unitRef="pure"> 0.27 </ifrs-full:ApplicableTaxRate>
<cve:ExpectedIncomeTaxExpenserecovery contextRef="c354" decimals="0" id="ixv-13205" unitRef="usd"> -6044214 </cve:ExpectedIncomeTaxExpenserecovery>
<cve:ExpectedIncomeTaxExpenserecovery contextRef="c355" decimals="0" id="ixv-13206" unitRef="usd"> -4459155 </cve:ExpectedIncomeTaxExpenserecovery>
<cve:ChangeInUnrecognizedTemporaryDifferences contextRef="c354" decimals="0" id="ixv-13207" unitRef="usd"> 4953071 </cve:ChangeInUnrecognizedTemporaryDifferences>
<cve:ChangeInUnrecognizedTemporaryDifferences contextRef="c355" decimals="0" id="ixv-13208" unitRef="usd"> 2949101 </cve:ChangeInUnrecognizedTemporaryDifferences>
<ifrs-full:TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss contextRef="c354" decimals="0" id="ixv-13209" unitRef="usd"> 1135213 </ifrs-full:TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss>
<ifrs-full:TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss contextRef="c355" decimals="0" id="ixv-13210" unitRef="usd"> 1159884 </ifrs-full:TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss>
<ifrs-full:TaxEffectFromChangeInTaxRate contextRef="c354" decimals="0" id="ixv-13211" unitRef="usd"> -321972 </ifrs-full:TaxEffectFromChangeInTaxRate>
<ifrs-full:TaxEffectOfForeignTaxRates contextRef="c354" decimals="0" id="ixv-13212" unitRef="usd"> 221891 </ifrs-full:TaxEffectOfForeignTaxRates>
<ifrs-full:TaxEffectOfForeignTaxRates contextRef="c355" decimals="0" id="ixv-13213" unitRef="usd"> 146727 </ifrs-full:TaxEffectOfForeignTaxRates>
<cve:ShareIssueCosts contextRef="c355" decimals="0" id="ixv-13214" unitRef="usd"> 201740 </cve:ShareIssueCosts>
<ifrs-full:AdjustmentsForCurrentTaxOfPriorPeriod contextRef="c354" decimals="0" id="ixv-13215" unitRef="usd"> 58461 </ifrs-full:AdjustmentsForCurrentTaxOfPriorPeriod>
<ifrs-full:AdjustmentsForCurrentTaxOfPriorPeriod contextRef="c355" decimals="0" id="ixv-13216" unitRef="usd"> 1703 </ifrs-full:AdjustmentsForCurrentTaxOfPriorPeriod>
<ifrs-full:IncomeTaxExpenseContinuingOperations contextRef="c354" decimals="0" id="ixv-13217" unitRef="usd"> 2450 </ifrs-full:IncomeTaxExpenseContinuingOperations>
<cve:LossCarryforward contextRef="c2" decimals="0" id="ixv-13218" unitRef="usd"> 2136465 </cve:LossCarryforward>
<cve:LossCarryforward contextRef="c3" decimals="0" id="ixv-13219" unitRef="usd"> 488823 </cve:LossCarryforward>
<ifrs-full:OtherFinancialLiabilities contextRef="c2" decimals="0" id="ixv-13220" unitRef="usd"> 166894 </ifrs-full:OtherFinancialLiabilities>
<ifrs-full:DeferredTaxLiabilityAsset contextRef="c2" decimals="0" id="ixv-13221" unitRef="usd"> 2303159 </ifrs-full:DeferredTaxLiabilityAsset>
<ifrs-full:DeferredTaxLiabilityAsset contextRef="c3" decimals="0" id="ixv-13222" unitRef="usd"> 488823 </ifrs-full:DeferredTaxLiabilityAsset>
<cve:IncomeTaxExpenseSetOffOfTax contextRef="c0" decimals="0" id="ixv-13223" unitRef="usd"> -2303159 </cve:IncomeTaxExpenseSetOffOfTax>
<cve:IncomeTaxExpenseSetOffOfTax contextRef="c4" decimals="0" id="ixv-13224" unitRef="usd"> -488823 </cve:IncomeTaxExpenseSetOffOfTax>
<ifrs-full:DisclosureOfDeferredTaxesExplanatory contextRef="c0" id="ixv-13225">
Deferred tax liabilities are attributable to the following:<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></p><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>December 31, 2023</b></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>$</b></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">December 31, 2022 <br/>$</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Intangible assets</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">(37,659</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">(39,481</td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Right-of-use assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(119,784</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(42,472</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Fixed assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(913,369</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(276,699</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Convertible note</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(182,600</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-349">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Marketable securities</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,049,747</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(130,171</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Deferred tax liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,303,159</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(488,823</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt">Set-off of tax</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,303,159</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">488,823</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-bottom: 1.5pt">Net deferred tax liability</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-350">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-351">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table>
</ifrs-full:DisclosureOfDeferredTaxesExplanatory>
<ifrs-full:OtherIntangibleAssets contextRef="c2" decimals="0" id="ixv-13226" unitRef="usd"> 37659 </ifrs-full:OtherIntangibleAssets>
<ifrs-full:OtherIntangibleAssets contextRef="c3" decimals="0" id="ixv-13227" unitRef="usd"> 39481 </ifrs-full:OtherIntangibleAssets>
<ifrs-full:RightofuseAssetsRevaluedAssetsAtCost contextRef="c2" decimals="0" id="ixv-13228" unitRef="usd"> 119784 </ifrs-full:RightofuseAssetsRevaluedAssetsAtCost>
<ifrs-full:RightofuseAssetsRevaluedAssetsAtCost contextRef="c3" decimals="0" id="ixv-13229" unitRef="usd"> 42472 </ifrs-full:RightofuseAssetsRevaluedAssetsAtCost>
<cve:FixedAssets contextRef="c0" decimals="0" id="ixv-13230" unitRef="usd"> -913369 </cve:FixedAssets>
<cve:FixedAssets contextRef="c4" decimals="0" id="ixv-13231" unitRef="usd"> -276699 </cve:FixedAssets>
<cve:IssuanceOfConvertibleInstrument contextRef="c0" decimals="0" id="ixv-13232" unitRef="usd"> 182600 </cve:IssuanceOfConvertibleInstrument>
<cve:MarketableSecurity contextRef="c2" decimals="0" id="ixv-13233" unitRef="usd"> -1049747 </cve:MarketableSecurity>
<cve:MarketableSecurity contextRef="c3" decimals="0" id="ixv-13234" unitRef="usd"> -130171 </cve:MarketableSecurity>
<ifrs-full:DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate contextRef="c2" decimals="0" id="ixv-13235" unitRef="usd"> 2303159 </ifrs-full:DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate>
<ifrs-full:DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate contextRef="c3" decimals="0" id="ixv-13236" unitRef="usd"> 488823 </ifrs-full:DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate>
<cve:SetoffOfTax contextRef="c0" decimals="0" id="ixv-13237" unitRef="usd"> -2303159 </cve:SetoffOfTax>
<cve:SetoffOfTax contextRef="c4" decimals="0" id="ixv-13238" unitRef="usd"> -488823 </cve:SetoffOfTax>
<cve:DisclosureOfUnrecognizedDeferredTaxAssetsExplanatoryTableTextBlock contextRef="c0" id="ixv-11846">
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">December 31, 2023</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center">December 31, 2022</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">$</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">$</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Deductible temporary differences</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">16,045,512</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">3,920,076</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt">Tax losses</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">40,067,059</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">26,069,552</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">56,112,571</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">29,989,628</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table>
</cve:DisclosureOfUnrecognizedDeferredTaxAssetsExplanatoryTableTextBlock>
<cve:DeductibleTemporaryDifferences contextRef="c0" decimals="0" id="ixv-13239" unitRef="usd"> -16045512 </cve:DeductibleTemporaryDifferences>
<cve:DeductibleTemporaryDifferences contextRef="c4" decimals="0" id="ixv-13240" unitRef="usd"> -3920076 </cve:DeductibleTemporaryDifferences>
<ifrs-full:TaxEffectOfTaxLosses contextRef="c0" decimals="0" id="ixv-13241" unitRef="usd"> -40067059 </ifrs-full:TaxEffectOfTaxLosses>
<ifrs-full:TaxEffectOfTaxLosses contextRef="c4" decimals="0" id="ixv-13242" unitRef="usd"> -26069552 </ifrs-full:TaxEffectOfTaxLosses>
<ifrs-full:ProfitLossBeforeTax contextRef="c0" decimals="0" id="ixv-13243" unitRef="usd"> 56112571 </ifrs-full:ProfitLossBeforeTax>
<ifrs-full:ProfitLossBeforeTax contextRef="c4" decimals="0" id="ixv-13244" unitRef="usd"> 29989628 </ifrs-full:ProfitLossBeforeTax>
<cve:NonCapitalLossCarryforwards contextRef="c0" decimals="0" id="ixv-13245" unitRef="usd"> 42405288 </cve:NonCapitalLossCarryforwards>
<cve:NonCapitalLossCarryforwards contextRef="c4" decimals="0" id="ixv-13246" unitRef="usd"> 28628469 </cve:NonCapitalLossCarryforwards>
<cve:NetOperatingLossCarryforwards contextRef="c0" decimals="0" id="ixv-13247" unitRef="usd"> 27093435 </cve:NetOperatingLossCarryforwards>
<cve:NetOperatingLossCarryforwards contextRef="c4" decimals="0" id="ixv-13248" unitRef="usd"> 21099321 </cve:NetOperatingLossCarryforwards>
<cve:CarriedForward contextRef="c0" decimals="0" id="ixv-13249" unitRef="usd"> 21217214 </cve:CarriedForward>
<cve:NetOperatingLossCarryforwards contextRef="c353" decimals="0" id="ixv-13250" unitRef="usd"> 5876221 </cve:NetOperatingLossCarryforwards>
<ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory contextRef="c0" id="ixv-11945">
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><b>19.</b></td><td style="text-align: justify"><b>Events after the reporting period</b></td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Subsequent to December 31, 2023, the following reportable events were completed:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="text-align: justify; width: 0.5in"></td><td style="width: 0.25in; text-align: justify"><b>(a)</b></td><td style="text-align: justify"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify">The Company issued 5,451,669 shares pursuant to the exercise of warrants for gross proceeds of $16,507,663 (C$22,280,554).</p> </td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="text-align: justify; width: 0.5in"></td><td style="width: 0.25in; text-align: justify"><b>(b)</b></td><td style="text-align: justify">The Company issued 127,716 shares pursuant to the exercise of brokers warrants for gross proceeds of $411,979 (C$556,052).</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="text-align: justify; width: 0.5in"></td><td style="width: 0.25in; text-align: justify"><b>(c)</b></td><td style="text-align: justify">The Company sold 393,365 common shares in accordance with the Company’s ATM program for gross proceeds of $1,595,143.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="text-align: justify; width: 0.5in"></td><td style="width: 0.25in; text-align: justify"><b>(d)</b></td><td style="text-align: justify">The Company sold 102,400 common shares in accordance with the Company’s ATM program for gross proceeds of $412,782 (C$557,133).</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="text-align: justify; width: 0.5in"></td><td style="width: 0.25in; text-align: justify"><b>(e)</b></td><td style="text-align: justify">The Company issued 6,872,143 common shares and paid $197,701 in accrued interest pursuant to the conversion of the outstanding balance on its convertible note by its holder (Note 12).</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left"><b>(f)</b></td><td style="text-align: justify">The Company issued 697,754 common shares pursuant to the exercise of stock options for gross proceeds of $900,077 (C$1,214,843).</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="text-align: justify; width: 0.5in"></td><td style="width: 0.25in; text-align: justify"><b>(g)</b></td><td style="text-align: justify">The Company granted 425,000 stock options to employees and contractors with an average exercise price of C$6.11.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="text-align: justify; width: 0.5in"></td><td style="width: 0.25in; text-align: justify"><b>(h)</b></td><td style="text-align: justify">The Company received $85,500 pursuant to the release of a cash bond held by the Bureau of Land Management pertaining to Arizona state mineral leases (Note 10).</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="text-align: justify; width: 0.5in"></td><td style="width: 0.25in; text-align: justify"><b>(i)</b></td><td style="text-align: justify"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0pt">The Company sold 15,000,000 shares of Anfield Energy Inc for gross proceeds of C$1,097,950.</p> </td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="text-align: justify; width: 0.5in"></td><td style="width: 0.25in; text-align: justify"><b>(j)</b></td><td style="text-align: justify">The Company purchased 1,716,260 units of NFI at a price of C$0.60 per unit. Each unit is comprised of 1 common share and one half of a warrant. This investment maintained the Company’s ownership level at 19.9%.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="text-align: justify; width: 0.5in"> </td> <td style="width: 0.25in; text-align: justify"><b>(k)</b></td> <td style="text-align: justify">The Company received $60 million in consideration of Boss Energy’s 30% share of a joint venture arrangement for the Company’s Alta Mesa project.</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="text-align: justify; width: 0.5in"></td><td style="width: 0.25in; text-align: justify"><b>(l)</b></td><td style="text-align: justify">The Company received $10 million from Boss Energy for a private placement of 2,564,102 enCore common shares at $3.90 per share.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="text-align: justify; width: 0.5in"></td><td style="width: 0.25in; text-align: justify"><b>(m)</b></td><td style="text-align: justify"><p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">The Company entered into a loan agreement providing for up to 200,000 pounds of uranium to be lent by Boss Energy.</p></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="text-align: justify; width: 0.5in"></td><td style="width: 0.25in; text-align: justify"><b>(n)</b></td><td style="text-align: justify">The Company entered a strategic collaboration agreement with Boss Energy to research and develop the Company’s PFN technology, to be financed equally by each party.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="text-align: justify; width: 0.5in"></td><td style="width: 0.25in; text-align: justify"><b>(o)</b></td><td style="text-align: justify">In the normal course of business, the Company completed the following uranium transactions related to existing uranium contracts (Note 3).:</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.75in"></td><td style="width: 0.25in">1)</td><td style="text-align: justify">Purchased 125,000 lbs for $9,822,500</td></tr> <tr style="vertical-align: top"> <td style="width: 0.75in"></td><td style="width: 0.25in">2)</td><td style="text-align: justify">Sold 320,000 lbs for $30,491,000</td></tr> <tr style="vertical-align: top"> <td style="width: 0.75in"></td><td style="width: 0.25in">3)</td><td style="text-align: justify">Received a loan of 200,000 lbs</td></tr></table>
</ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory>
<ifrs-full:NumberOfSharesIssued contextRef="c356" decimals="0" id="ixv-13251" unitRef="shares"> 5451669 </ifrs-full:NumberOfSharesIssued>
<ifrs-full:ProceedsFromExerciseOfWarrants contextRef="c357" decimals="0" id="ixv-13252" unitRef="usd"> 16507663 </ifrs-full:ProceedsFromExerciseOfWarrants>
<ifrs-full:ProceedsFromExerciseOfWarrants contextRef="c357" decimals="0" id="ixv-13253" unitRef="cad"> 22280554 </ifrs-full:ProceedsFromExerciseOfWarrants>
<ifrs-full:NumberOfSharesIssued contextRef="c358" decimals="0" id="ixv-13254" unitRef="shares"> 127716 </ifrs-full:NumberOfSharesIssued>
<ifrs-full:ProceedsFromExerciseOfWarrants contextRef="c359" decimals="0" id="ixv-13255" unitRef="usd"> 411979 </ifrs-full:ProceedsFromExerciseOfWarrants>
<ifrs-full:ProceedsFromExerciseOfWarrants contextRef="c359" decimals="0" id="ixv-13256" unitRef="cad"> 556052 </ifrs-full:ProceedsFromExerciseOfWarrants>
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<ifrs-full:ProceedsFromExerciseOfWarrants contextRef="c361" decimals="0" id="ixv-13258" unitRef="usd"> 1595143 </ifrs-full:ProceedsFromExerciseOfWarrants>
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<ifrs-full:ProceedsFromExerciseOfWarrants contextRef="c362" decimals="0" id="ixv-13260" unitRef="usd"> 412782 </ifrs-full:ProceedsFromExerciseOfWarrants>
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<cve:CommonSharesIssued contextRef="c2" decimals="0" id="ixv-13262" unitRef="shares"> 6872143 </cve:CommonSharesIssued>
<cve:AccruedInterestPaid contextRef="c0" decimals="0" id="ixv-13263" unitRef="usd"> 197701 </cve:AccruedInterestPaid>
<ifrs-full:NumberOfSharesIssued contextRef="c363" decimals="0" id="ixv-13264" unitRef="shares"> 697754 </ifrs-full:NumberOfSharesIssued>
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<ifrs-full:Cash contextRef="c365" decimals="0" id="ixv-13269" unitRef="usd"> 85500 </ifrs-full:Cash>
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<cve:PricePerUnit contextRef="c0" decimals="2" id="ixv-13273" unitRef="cadPershares"> 0.6 </cve:PricePerUnit>
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<cve:OwnershipPercentage contextRef="c0" decimals="3" id="ixv-13275" unitRef="pure"> 0.199 </cve:OwnershipPercentage>
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<cve:PurchasePrice contextRef="c0" decimals="0" id="ixv-13282" unitRef="usd"> 125000 </cve:PurchasePrice>
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<cve:MiningProperties contextRef="c3" id="hidden-fact-3" unitRef="usd" xsi:nil="true"/>
<ifrs-full:DeferredTaxAssets contextRef="c2" id="hidden-fact-4" unitRef="usd" xsi:nil="true"/>
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<ifrs-full:SharePremium contextRef="c2" id="hidden-fact-7" unitRef="usd" xsi:nil="true"/>
<cve:ImpairmentOfMineralProperties contextRef="c4" id="hidden-fact-8" unitRef="usd" xsi:nil="true"/>
<ifrs-full:GainsLossesOnDisposalsOfInvestments contextRef="c0" id="hidden-fact-9" unitRef="usd" xsi:nil="true"/>
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<ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities contextRef="c0" id="hidden-fact-15" unitRef="usd" xsi:nil="true"/>
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<cve:IncreaseDecreaseThroughStockOptionExpense contextRef="c13" id="hidden-fact-43" unitRef="usd" xsi:nil="true"/>
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<ifrs-full:IssueOfEquity contextRef="c13" id="hidden-fact-47" unitRef="usd" xsi:nil="true"/>
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<cve:IncreaseDecreaseThroughShareSubscriptionsReceived contextRef="c12" id="hidden-fact-52" unitRef="usd" xsi:nil="true"/>
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<ifrs-full:IncreaseDecreaseThroughOtherContributionsByOwners contextRef="c12" id="hidden-fact-57" unitRef="usd" xsi:nil="true"/>
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Filing Submission 0001213900-24-027149   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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