| SCHEDULE OF COMPANY’S CURRENT PROPERTIES |
The
Company’s current properties can be summarized as follows.
SCHEDULE OF COMPANY’S CURRENT PROPERTIES
| Cost |
|
Canadian properties
|
|
|
United States
properties
|
|
|
Total |
|
| As of December 31, 2021 |
|
$ |
2,492,403 |
|
|
$ |
4,304,622 |
|
|
$ |
6,797,025 |
|
| Dispositions |
|
|
— |
|
|
|
375 |
|
|
|
375 |
|
| Foreign currency translation |
|
|
(159,363 |
) |
|
|
— |
|
|
|
(159,363 |
) |
| As of December 31, 2022 |
|
$ |
2,333,040 |
|
|
$ |
4,304,997 |
|
|
$ |
6,638,037 |
|
| Foreign currency translations |
|
|
33,051 |
|
|
|
— |
|
|
|
33,051 |
|
| As of September 30, 2023 |
|
$ |
2,366,091 |
|
|
$ |
4,304,997 |
|
|
$ |
6,671,088 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated depletion |
|
|
|
|
|
|
|
|
|
|
|
|
| As of December 31, 2021 |
|
$ |
387,409 |
|
|
$ |
61,551 |
|
|
$ |
448,960 |
|
| Depletion |
|
|
237,067 |
|
|
|
— |
|
|
|
237,067 |
|
| Foreign currency translation |
|
|
(34,273 |
) |
|
|
— |
|
|
|
(34,273 |
) |
| As of December 31, 2022 |
|
$ |
590,203 |
|
|
$ |
61,551 |
|
|
$ |
651,754 |
|
| Depletion |
|
|
90,599 |
|
|
|
— |
|
|
|
90,599 |
|
| Foreign currency translation |
|
|
608 |
|
|
|
— |
|
|
|
608 |
|
| As of September 30, 2023 |
|
$ |
681,410 |
|
|
$ |
61,551 |
|
|
$ |
742,961 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net book value as of December 31, 2022 |
|
$ |
1,742,837 |
|
|
$ |
4,243,446 |
|
|
$ |
5,986,283 |
|
| Net book value as of September 30, 2023 |
|
$ |
1,684,681 |
|
|
$ |
4,234,446 |
|
|
$ |
5,928,127 |
|
|