CanAlaska Uranium Ltd.
Condensed Interim Consolidated Financial Statements
Second Quarter - October 31, 2021
(Unaudited)
(Expressed in Canadian dollars, except where indicated)
NOTICE OF NO AUDITOR REVIEW OF
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS
Under National Instrument 51-102, if an auditor has not performed a review of the condensed interim consolidated financial statements required to be filed, they must be accompanied by a notice indicating that the condensed interim consolidated financial statements have not been reviewed by an auditor.
The accompanying condensed interim consolidated financial statements have been prepared by and are the responsibility of the Company's management.
The Company's independent auditor has not performed a review of these condensed interim consolidated financial statements in accordance with standards established by the Canadian Institute of Chartered Accountants for a review of condensed interim consolidated financial statements by an entity's auditor.
CanAlaska Uranium Ltd.
Condensed Interim Consolidated Statements of Financial Position
(Unaudited)
(Expressed in Canadian dollars except where indicated)
October 31 | April 30 |
2021 | 2021 |
$000's | $000's |
Assets
Current assets
Cash and cash equivalents (note 4) | 11,702 | 7,016 |
Prepaid and deposits | 221 | 130 |
Equity securities (note 5) | 943 | 669 |
Total current assets | 12,866 | 7,815 |
Non-current assets | ||
Reclamation bonds | 62 | 49 |
Property and equipment (note 6) | 527 | 76 |
Mineral property interests (note 7) | 470 | 406 |
Total assets | 13,925 | 8,346 |
Liabilities
Current liabilities
Trade and other payables | 307 | 172 |
Deferred flow-through premium (note 9) | - | 150 |
Current portion of lease liabilities (note 8) | 60 | - |
367 | 322 | |
Non-current portion of lease liabilities (note 8) | 274 | - |
Equity | 641 | 322 |
88,107 | 86,265 | |
Common shares (note 9) | ||
Share subscription received (note 9) | 6,202 | - |
Equity reserve (note 9) | 17,148 | 16,805 |
Investment revaluation reserve | (1,233) | (1,506) |
Accumulated deficit | (96,940) | (93,540) |
13,284 | 8,024 | |
13,925 | 8,346 |
Subsequent Events (note 12)
Approved by the Board of Directors
"Peter Dasler" | "Jean Luc Roy" |
_________________________ | ______________________ |
Director | Director |
The accompanying notes are an integral part of these unaudited condensed interim consolidated financial statements.
CanAlaska Uranium Ltd.
Condensed Interim Consolidated Statements of Comprehensive Loss
(Unaudited)
(Expressed in Canadian dollars except where indicated)
Three Three months | Six months | ||
months | ended | ended | Six months |
ended | October 31 | October 31 | ended |
October 31 | 2020 | 2021 | October 31 |
2021 | 2020 | ||
($000's) | ($000's) | ($000's) | ($000's) |
EXPLORATION COSTS
Mineral property expenditures net of reimbursements Mineral property write-offs (note 7)
Net option payments (note 7)
OTHER EXPENSES (INCOME)
Consulting, labour and professional fees
Depreciation and amortization (note 6)
Foreign exchange loss (gain)
Gain on sale of property and equipment
Insurance, licenses and filing fees
Interest
Interest income
Other corporate costs
Investor relations and presentations
Rent (note 12)
Share-based payments (note 9)
Travel and accommodation
Flow-through premium (note 8)
Net loss for the period
Other comprehensive loss
Items that have been reclassified to profit or loss: Realized (loss) gain on equity securities
Items that will not be subsequently reclassified to profit or Unrealized gain on equity securities
Total comprehensive loss for the period Basic and diluted loss per share ($ per share)
Basic and diluted weighted average common shares outstanding (000's)
1,677 | 91 | 2,089 | 104 |
- | - | - | 1 |
(19) | (114) | (19) | (159) |
1,658 | (23) | 2,070 | (54) |
248 | 216 | 441 | 369 |
26 | 3 | 42 | 6 |
1 | (1) | (1) | 1 |
(7) | - | (7) | - |
43 | 19 | 76 | 48 |
8 | - | 10 | - |
(5) | (5) | (9) | (12) |
17 | 5 | 32 | 9 |
40 | 19 | 95 | 52 |
9 | 5 | 20 | 11 |
- | - | 774 | - |
4 | 1 | 7 | 7 |
(75) | - | (150) | - |
309 | 262 | 1,330 | 491 |
(1,967) | (239) | (3,400) | (437) |
- | (208) | (158) | (194) |
423 | 209 | 431 | 359 |
(1,544) | (238) | (3,127) | (274) |
(0.02) | (0.00) | (0.04) | (0.01) |
83,690 | 57,576 | 83,292 | 57,576 |
The accompanying notes are an integral part of these unaudited condensed interim consolidated financial statements.
CanAlaska Uranium Ltd.
Condensed Interim Consolidated Statements of Changes in Equity
For the six months ended October 31, 2021 and 2020
(Unaudited)
(Expressed in Canadian dollars except where indicated)
Equity | Investment | Accumula | |||||
Common Shares | Share | Reserve | Revaluatio | ted | Total | ||
Shares | Amount | Subscriptions | $000's | n Reserve | Deficit | Equity | |
000's | $000's | Received | $000's | $000's | $000's | ||
Balance - April 30, 2020 | 57,576 | 79,600 | - | 14,326 | (1,851) | (89,774) | 2,301 |
Issued on private placement for cash | - | - | 567 | - | - | - | 567 |
Share issuance costs | - | (13) | - | - | - | - | (13) |
Other comprehensive loss | - | - | - | - | 164 | - | 164 |
Loss for the period | - | - | - | - | - | (437) | (437) |
Balance-October31, 2020 | 57,576 | 79,587 | 567 | 14,326 | (1,687) | (90,211) | 2,582 |
Balance - April 30, 2021 | 81,208 | 86,265 | - | 16,805 | (1,506) | (93,540) | 8,024 |
Issued on private placement for cash | - | - | 6,202 | - | - | - | 6,202 |
Share issuance costs | - | (11) | - | - | - | - | (11) |
Issued on the exercise of stock options | 870 | 567 | - | (217) | - | - | 350 |
Issued on the exercise of warrants | 2,799 | 1,286 | - | (214) | - | - | 1,072 |
Share-based payments | - | - | - | 774 | - | - | 774 |
Other comprehensive loss | - | - | - | - | 273 | - | 273 |
Loss for the period | - | - | - | - | - | (3,400) | (3,400) |
Balance-October31, 2021 | 84,877 | 88,107 | 6,202 | 17,148 | (1,233) | (96,940) | 13,284 |
The accompanying notes are an integral part of these unaudited condensed interim consolidated financial statements.
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CanAlaska Uranium Ltd. published this content on 07 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 December 2021 22:11:08 UTC.