Shareholders' Equity and Capital Stock (Tables)
|
9 Months Ended |
Sep. 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 |
|
(1,441,473) |
|
1.06 |
Forfeited |
|
(146,259) |
|
1.42 |
Expired |
|
(19,250) |
|
1.48 |
|
|
|
|
|
September 30, 2026 |
|
7,396,626 |
|
1.36 |
|
| Schedule of outstanding stock options |
As of September 30, 2026, outstanding stock options were 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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.57 |
|
175,000 |
|
0.5 |
|
— |
|
175,000 |
|
0.5 |
|
— |
|
2027-03-14 |
1.09 |
|
1,019,830 |
|
1.3 |
|
— |
|
1,019,830 |
|
1.3 |
|
— |
|
2028-01-04 |
1.45 |
|
994,811 |
|
2.2 |
|
— |
|
656,176 |
|
2.2 |
|
— |
|
2028-12-07 |
1.73 |
|
500,000 |
|
2.6 |
|
— |
|
333,332 |
|
2.6 |
|
— |
|
2029-05-08 |
1.24 |
|
1,792,043 |
|
3.2 |
|
— |
|
568,107 |
|
3.2 |
|
— |
|
2029-12-12 |
1.21 |
|
175,000 |
|
3.9 |
|
— |
|
58,333 |
|
3.9 |
|
— |
|
2030-08-07 |
1.47 |
|
120,000 |
|
4.0 |
|
— |
|
40,000 |
|
4.0 |
|
— |
|
2030-09-19 |
1.42 |
|
2,499,942 |
|
4.2 |
|
— |
|
— |
|
— |
|
— |
|
2030-12-22 |
1.61 |
|
120,000 |
|
4.3 |
|
— |
|
— |
|
— |
|
— |
|
2031-01-12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.36 |
|
7,396,626 |
|
3.1 |
|
— |
|
2,850,778 |
|
2.1 |
|
— |
|
|
|
| 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 |
|
766 |
Options exercised |
|
(421) |
Options forfeited |
|
(7) |
Foreign exchange adjustments |
|
(68) |
Increase (decrease) in liability due to fair value recalculations |
|
(757) |
|
|
|
September 30, 2026 |
|
859 |
|
| Schedule of fair value assumptions |
|
|
|
Black-Scholes assumptions |
|
September 30, 2026 |
|
|
|
Expected life (years) |
|
0.2 - 3.4 |
Volatility |
|
60.7% -70.0% |
Risk free rate |
|
3.3% -3.5% |
Expected dividend rate |
|
—% |
Exercise price (CAD$) |
|
$1.53 - $2.46 |
Market price (CAD$) |
|
$ 1.56 |
|
| 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 |
|
(31,359) |
|
1.39 |
Forfeited |
|
(6,571) |
|
1.41 |
|
|
|
|
|
September 30, 2026 |
|
1,089,776 |
|
1.38 |
|
| Schedule Of Schedule Of Restricted Share Unit Outstanding |
As of September 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 |
|
0.2 |
|
501,965 |
|
2026-12-12 |
624,994 |
|
1.2 |
|
674,994 |
|
2027-12-22 |
1,089,776 |
|
0.8 |
|
1,176,959 |
|
|
|
| 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 |
|
|
|
|
|
|
|
September 30, 2026 |
|
— |
|
— |
|
— |
|