Shareholders' Equity and Capital Stock (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Shareholders' Equity and Capital Stock |
|
| Schedule Of activity with respect to stock options |
|
|
|
|
|
|
|
Outstanding |
|
Weighted-average |
|
|
Options |
|
Exercise Price |
Stock Option Activity |
|
# |
|
$ |
|
|
|
|
|
December 31, 2025 |
|
8,883,608 |
|
1.31 |
|
|
|
|
|
Granted |
|
120,000 |
|
1.65 |
Exercised |
|
(475,005) |
|
1.09 |
Forfeited |
|
(113,649) |
|
1.42 |
Expired |
|
(19,250) |
|
1.48 |
|
|
|
|
|
June 30, 2026 |
|
8,395,704 |
|
1.32 |
|
| Schedule of outstanding stock options |
As of June 30, 2026, outstanding stock options are as follows (expressed in U.S. dollars):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options Outstanding |
|
Options Exercisable |
|
|
Weighted- |
|
|
|
Weighted- |
|
|
|
|
|
Weighted- |
|
|
|
|
average |
|
|
|
average |
|
Aggregate |
|
|
|
average |
|
Aggregate |
|
|
exercise |
|
Number |
|
remaining |
|
intrinsic |
|
Number |
|
remaining |
|
intrinsic |
|
|
Price |
|
of options |
|
contractual |
|
value |
|
of options |
|
contractual |
|
value |
|
|
$ |
|
# |
|
life (years) |
|
$ |
|
# |
|
life (years) |
|
$ |
|
Expiry |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.01 |
|
905,598 |
|
0.2 |
|
313,163 |
|
905,598 |
|
0.2 |
|
313,163 |
|
2026-08-27 |
1.57 |
|
175,000 |
|
0.7 |
|
— |
|
175,000 |
|
0.7 |
|
— |
|
2027-03-14 |
1.09 |
|
1,080,700 |
|
1.5 |
|
289,990 |
|
1,080,700 |
|
1.5 |
|
289,990 |
|
2028-01-04 |
1.45 |
|
994,811 |
|
2.4 |
|
— |
|
656,176 |
|
2.4 |
|
— |
|
2028-12-07 |
1.73 |
|
500,000 |
|
2.9 |
|
— |
|
333,332 |
|
2.9 |
|
— |
|
2029-05-08 |
1.25 |
|
1,792,043 |
|
3.5 |
|
203,198 |
|
568,107 |
|
3.5 |
|
64,417 |
|
2029-12-12 |
1.21 |
|
175,000 |
|
4.1 |
|
26,006 |
|
— |
|
— |
|
— |
|
2030-08-07 |
1.47 |
|
120,000 |
|
4.2 |
|
— |
|
— |
|
— |
|
— |
|
2030-09-19 |
1.42 |
|
2,532,552 |
|
4.5 |
|
— |
|
— |
|
— |
|
— |
|
2030-12-22 |
1.61 |
|
120,000 |
|
4.5 |
|
— |
|
— |
|
— |
|
— |
|
2031-01-12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.32 |
|
8,395,704 |
|
3.0 |
|
832,357 |
|
3,718,913 |
|
1.7 |
|
667,570 |
|
|
|
| Summary of activity with respect to liability-classified stock options outstanding |
|
|
|
Liability-classified Stock Option Activity |
|
Total |
|
|
|
December 31, 2025 |
|
1,346 |
|
|
|
Stock compensation expense as adjusted |
|
519 |
Options exercised |
|
(245) |
Options forfeited |
|
(4) |
Foreign exchange adjustments |
|
(67) |
Increase (decrease) in liability due to fair value recalculations |
|
(102) |
|
|
|
June 30, 2026 |
|
1,447 |
|
| Schedule of fair value assumptions |
|
|
|
Black-Scholes assumptions |
|
June 30, 2026 |
|
|
|
Expected life (years) |
|
0.2 - 3.6 |
Volatility |
|
60.4% -95.9% |
Risk free rate |
|
2.7% - 2.9% |
Expected dividend rate |
|
—% |
Exercise price (CAD$) |
|
$1.44 - $2.46 |
Market price (CAD$) |
|
$1.92 |
|
| Schedule of activity with respect to RSUs outstanding |
|
|
|
|
|
|
|
|
|
Weighted-average |
|
|
Outstanding |
|
grant date |
|
|
RSUs |
|
fair value |
Restricted Share Unit Activity |
|
# |
|
$ |
|
|
|
|
|
December 31, 2025 |
|
1,127,706 |
|
1.38 |
|
|
|
|
|
Redeemed |
|
(23,206) |
|
1.36 |
Forfeited |
|
(6,571) |
|
1.47 |
|
|
|
|
|
June 30, 2026 |
|
1,097,929 |
|
1.38 |
|
| Schedule Of Schedule Of Restricted Share Unit Outstanding |
As of June 30, 2026, outstanding RSUs were as follows (expressed in U.S. dollars):
|
|
|
|
|
|
|
RSUs Outstanding |
|
|
Weighted- |
|
|
|
|
|
|
Average |
|
Aggregate |
|
|
Number |
|
Remaining |
|
Fair |
|
|
of RSUs |
|
contractual |
|
Value |
|
Vesting |
# |
|
life (years) |
|
$ |
|
Date |
|
|
|
|
|
|
|
464,782 |
|
0.5 |
|
632,104 |
|
2026-12-12 |
633,147 |
|
1.5 |
|
861,080 |
|
2027-12-22 |
1,097,929 |
|
1.0 |
|
1,493,184 |
|
|
|
| Schedule Of warrant activity |
|
|
|
|
|
|
|
|
|
|
|
Number of |
|
Weighted- |
|
|
|
|
shares to |
|
Average |
|
|
Outstanding |
|
be issued |
|
exercise price |
|
|
Warrants |
|
upon exercise |
|
per common share |
Warrant Activity |
|
# |
|
# |
|
$ |
|
|
|
|
|
|
|
December 31, 2025 |
|
38,273,500 |
|
19,136,750 |
|
1.50 |
|
|
|
|
|
|
|
Exercised |
|
(38,259,998) |
|
(19,129,999) |
|
1.50 |
Expired |
|
(13,502) |
|
(6,751) |
|
1.50 |
|
|
|
|
|
|
|
June 30, 2026 |
|
— |
|
— |
|
— |
|