v3.25.2
Share-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
Activity of outstanding stock options for the six months ended June 30, 2025, is as follows:
Number of stock optionsWeighted average exercise price (CAD)
Balance, December 31, 20248,874,726 C$4.03
Exercisable, December 31, 20246,169,340 C$3.55
Exercised(853,376)1.13
Forfeited/expired(1,466,333)4.18
Balance, June 30, 20256,555,017 C$4.38
Exercisable, June 30, 20255,350,205 C$4.08
A summary of the Company’s unvested stock option activity is as follows:
Number of SharesWeighted Average Grant Date Fair Value (CAD)
Outstanding, December 31, 20242,705,387C$2.54
Vested(543,699)1.97 
Forfeited(956,875)2.56 
Outstanding, June 30, 20251,204,813C$2.79
Schedule of Option Exercise Price Range
As of June 30, 2025, stock options outstanding and exercisable were as follows:

Options OutstandingOptions Exercisable
June 30, 2025June 30, 2025
Option price per share (CAD)Options #Weighted average remaining life (years)Weighted average exercise price (CAD)Options #Weighted average exercise price (CAD)
C$0.18 - 1.92
5,000 0.00C$1.205,000 C$1.20
C$2.40 - 3.79
2,119,516 0.842.942,119,516 2.94
C$4.20 - 5.76
4,430,501 1.845.063,225,689 4.83
6,555,017 2.68C$4.385,350,205 C$4.08
Schedule of Options Using the Black-Scholes Option Pricing Model, Weighted-Average Assumptions Used
The fair value of all compensatory options granted is estimated on the grant date using the Black-Scholes option pricing model. There were no options granted during the six months ended June 30, 2025. The weighted average assumptions used in calculating the fair values as of December 31, 2024, are as follows:
December 31, 2024
(CAD)
Exercise price$5.74
Share price$5.75
Risk-free rate3.70%
Expected life (in years)3.11
Expected volatility68.08%
Expected dividend yield0.00%
Weighted average grant date fair value$2.78