| Schedule of Net Changes in Non-Cash Working Capital and Other Liabilities |
The following table reconciles the net changes
in non-cash working capital and other liabilities from the consolidated statements of financial position to the consolidated statement
of cash flows:
| ($ thousands) | |
Year ended
December 31,
2025 | | |
Year ended
December 31,
2024 | |
| Change in accounts receivable | |
$ | (9,769 | ) | |
$ | (21,737 | ) |
| Change in inventories | |
| (5,650 | ) | |
| (1,083 | ) |
| Change in prepaid expenses and deposits | |
| (3,966 | ) | |
| 290 | |
| Change in accounts payable and accrued liabilities | |
| 26,628 | | |
| 1,954 | |
| Change in income tax payable | |
| - | | |
| (1,063 | ) |
| | |
| 7,243 | | |
| (21,639 | ) |
| Other items impacting changes in non-cash working capital: | |
| | | |
| | |
| Withholding taxes on share units | |
| (973 | ) | |
| (1,324 | ) |
| Unrealized foreign exchange gain related to working capital | |
| 87 | | |
| 710 | |
| | |
| 6,357 | | |
| (22,253 | ) |
| Related to operating activities | |
| (5,186 | ) | |
| (19,642 | ) |
| Related to investing activities | |
| 11,543 | | |
| (2,611 | ) |
| Net change in non-cash working capital | |
$ | 6,357 | | |
$ | (22,253 | ) |
| Cash interest paid (included in operating activities) | |
$ | (51,329 | ) | |
$ | (49,708 | ) |
| Cash interest received (included in operating activities) | |
$ | 3,078 | | |
$ | 4,066 | |
|