Warrants (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2025

Dec. 31, 2024

Warrants and Rights Note Disclosure [Abstract]

Summary of Warrant Activity

Following is a summary of the warrant activity during the three months ended March 31, 2025 and 2024:


		Number of Share Purchase Warrants				Weighted Average Exercise Price
Outstanding January 1, 2024			22,518,894			$	1.35
Issued			—				—
Exercised			—				—
Expired			(4,838,707	)			1.24
Outstanding March 31, 2024			17,680,187			$	1.21

Outstanding January 1, 2025			17,732,764			$	1.21
Issued			—				—
Exercised			—				—
Expired			—				—
Outstanding March 31, 2025			17,732,764			$	1.21

The following is a summary of share purchase warrants activities during the years ended December 31, 2024 and 2023:


		Number of Share Purchase Warrants				Weighted Average Exercise Price
Outstanding January 1, 2023			19,633,911			$	1.18
Issued			10,142,874				1.00
Exercised			(2,727,083	)			0.48
Expired			(4,530,808	)			0.99
Outstanding December 31, 2023			22,518,894			$	1.35
Issued			—				—
Exercised			—				—
Expired			(4,786,130	)			1.24
Outstanding December 31, 2024			17,732,764			$	1.21

Schedule of Common Stock Share Purchase Warrants Outstanding and Exercisable

As of March 31, 2025, the following share purchase warrants were outstanding and exercisable:


Outstanding				Exercise Price		Remaining life (years)				Expiry Date
	7,537,313			USD$1.50			1.08			April 29, 2026
	10,195,451			USD$1.00			5.25			Jun 30, 2030
	17,732,764

As of March 31, 2024, the following share purchase warrants were outstanding and exercisable:


Outstanding				Exercise Price		Remaining life (years)				Expiry Date
	7,537,313			USD$1.50			2.33			April 29, 2026
	10,142,874			USD$1.00			6.50			June 30, 2030
	17,680,187

As of December 31, 2024, the following share purchase warrants were outstanding and exercisable:


Outstanding				Exercise Price		Remaining life (years)				Expiry Date
	7,537,313			USD$1.50			1.33			April 29, 2026
	10,195,451			USD$1.00			5.50			Jun 30, 2030
	17,732,764

As of December 31, 2023, the following share purchase warrants were outstanding and exercisable:


Outstanding				Exercise Price		Remaining life (years)				Expiry Date
	4,838,707			USD$1.24			0.24			March 28, 2024
	7,537,313			USD$1.50			2.33			April 29, 2026
	10,142,874			USD$1.00			6.50			June 30, 2030
	22,518,894

Summary of Fair Value of Warrants

The fair value of the warrants were measured using the Monte Carlo pricing model. Significant inputs into the model as of August 2, 2023 are as follows:


Monte Carlo Assumptions		August 2, 2023

Exercise price		$	1.00
Warrant expiration date		June 30, 2030
Stock price		$	0.85
Interest rate (annual) (1)			4.21	%
Volatility (annual) (2)			50.0	%
Remaining term (years)			6.91
Annualized dividend yield (3)			0	%