| WARRANTS |
WARRANTS As of June 30, 2025 and December 31, 2024, outstanding warrants to purchase Common Shares consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | Expiration | | Number of Shares
Issued and Exercisable | | Exercise Price (Canadian Dollars) | | Number of Shares
Issued and Exercisable | | Exercise Price (Canadian Dollars) | | September 21, 2026 | | 11,122,105 | | $ | 1.96 | | | 11,122,105 | | $ | 1.96 | | | October 1, 2025 | | 648,783 | | 8.12 | | | 648,783 | | 8.12 | | | May 29, 2027 | | 118,246,947 | | $ | 0.14 | | | — | | $ | — | | | | 130,017,835 | | $ | 0.34 | | | 11,770,888 | | $ | 2.30 | |
Warrant activity for the six months ended June 30, 2025 and 2024 are summarized in the table below: | | | | | | | | | | | | | Number of Warrants | | Weighted average
exercise price
(Canadian Dollars) | | Balance as of December 31, 2023 | 17,165,833 | | $ | 4.83 | | | Issued | — | | | — | | | Expired | — | | | — | | | Balance as of June 30, 2024 | 17,165,833 | | $ | 4.83 | | | | | | | | | | | Balance as of December 31, 2024 | 11,770,888 | | $ | 2.30 | | | Issued | 118,246,947 | | 0.14 | | | Expired | — | | | — | | | Balance as of June 30, 2025 | 130,017,835 | | $ | 0.34 | |
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