Year ended

December 31,

2025

Year ended

December 31,

2024

Net loss for the year

(93,132,015

)

(25,341,623

)

Basic loss per share Weighted average number of shares of common stock - basic

22,747,234

9,721,282

Net loss per share – basic

(4.09

)

(2.61

)

Net loss for the year

(93,132,015

)

(25,341,623

)

Dilutive effect of convertible debentures

-

Dilutive effect of warrants on net income

-

Diluted net loss for the year

(93,132,015

)

(25,341,623

)

Weighted average number of shares of common stock - basic

22,747,234

9,721,282

Diluted effect:

Stock options and RSUs

-

Weighted average number of shares of common stock - fully diluted

22,747,234

9,721,282

Net loss per share - fully diluted

(4.09

)

(2.61

)