| Schedule of share capital issued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
December 31, 2024 |
|
December 31, 2023 |
|
|
|
Number of shares |
|
|
Stated Value $ |
|
|
Number of shares |
|
|
Stated Value $ |
|
|
Number of shares |
|
|
Stated Value $ |
|
Common shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, beginning of year |
|
|
38,403,737 |
|
|
|
281,296,133 |
|
|
|
35,586,301 |
|
|
|
242,487,728 |
|
|
|
35,230,551 |
|
|
|
235,611,237 |
|
Private placement financing, net of issuance costs |
|
|
9,450,000 |
|
|
|
11,964,919 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Initial public offering, net of issuance costs |
|
|
— |
|
|
|
— |
|
|
|
2,000,000 |
|
|
|
27,460,805 |
|
|
|
— |
|
|
|
— |
|
DSU exercise (Note 14) |
|
|
962,500 |
|
|
|
15,467,160 |
|
|
|
173,958 |
|
|
|
2,733,328 |
|
|
|
25,000 |
|
|
|
400,000 |
|
RSU exercise (Note 14) |
|
|
900,000 |
|
|
|
13,321,000 |
|
|
|
31,875 |
|
|
|
460,225 |
|
|
|
— |
|
|
|
— |
|
Option exercise (Note 14) |
|
|
10,000 |
|
|
|
120,511 |
|
|
|
489,166 |
|
|
|
6,019,398 |
|
|
|
330,750 |
|
|
|
6,476,491 |
|
Warrant exercise (Note 15) |
|
|
— |
|
|
|
— |
|
|
|
122,437 |
|
|
|
2,134,649 |
|
|
|
— |
|
|
|
— |
|
Purchase of shares under ELOC, net of issuance costs |
|
|
3,750,000 |
|
|
|
5,999,500 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Issued for equity line of credit |
|
|
215,852 |
|
|
|
375,000 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Balance, end of year |
|
|
53,692,089 |
|
|
|
328,544,223 |
|
|
|
38,403,737 |
|
|
|
281,296,133 |
|
|
|
35,586,301 |
|
|
|
242,487,728 |
|
|