Share-based payments (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Disclosure of terms and conditions of share-based payment arrangement [abstract] |
|
| Schedule Of Reserve Activity |
The continuity of share-based payments reserve activity during the years was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
2025 |
|
|
December 31,
2024 |
|
|
December 31,
2023 |
|
Balance, beginning of the year |
|
$ |
93,515,510 |
|
|
$ |
64,280,247 |
|
|
$ |
63,924,814 |
|
Vesting and forfeiture of options |
|
|
— |
|
|
|
2,970 |
|
|
|
180,587 |
|
Vesting and forfeiture of DSUs |
|
|
2,321,445 |
|
|
|
11,100,686 |
|
|
|
4,650,337 |
|
Vesting of RSUs |
|
|
40,757,669 |
|
|
|
25,853,678 |
|
|
|
— |
|
DSU exercise |
|
|
(15,467,160 |
) |
|
|
(2,733,328 |
) |
|
|
(400,000 |
) |
RSU exercise |
|
|
(13,321,000 |
) |
|
|
(460,225 |
) |
|
|
— |
|
Option exercise |
|
|
(80,511 |
) |
|
|
(3,961,898 |
) |
|
|
(3,978,991 |
) |
Expired options |
|
|
(12,091,112 |
) |
|
|
(566,620 |
) |
|
|
(96,500 |
) |
Balance, end of the year |
|
$ |
95,634,841 |
|
|
$ |
93,515,510 |
|
|
$ |
64,280,247 |
|
|
| Schedule of share options transactions |
Share option transactions continuity during the years were as follows (in number of options):
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|
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|
|
|
December 31,
2025 |
|
|
December 31,
2024 |
|
|
December 31,
2023 |
|
|
|
Number of
options |
|
|
Weighted
average
exercise
price |
|
|
Number of
options |
|
|
Weighted
average
exercise price |
|
|
Number of
options |
|
|
Weighted
average
exercise price |
|
Balance, beginning of year |
|
|
913,125 |
|
|
$ |
10.17 |
|
|
|
1,455,625 |
|
|
$ |
8.34 |
|
|
|
2,030,125 |
|
|
$ |
9.12 |
|
Granted |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
12,500 |
|
|
|
16.00 |
|
Exercised |
|
|
(10,000 |
) |
|
|
4.00 |
|
|
|
(489,166 |
) |
|
|
4.21 |
|
|
|
(330,750 |
) |
|
|
7.55 |
|
Expired |
|
|
(828,125 |
) |
|
|
9.72 |
|
|
|
(53,334 |
) |
|
|
15 |
|
|
|
— |
|
|
|
— |
|
Cancelled |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(256,250 |
) |
|
|
15.85 |
|
Balance, end of year |
|
|
75,000 |
|
|
$ |
16.00 |
|
|
|
913,125 |
|
|
$ |
10.17 |
|
|
|
1,455,625 |
|
|
$ |
8.34 |
|
|
| Schedule of outstanding options common shares |
At December 31, 2025, outstanding options to acquire common shares of the Company were as follows:
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|
Date of expiry |
|
Options
outstanding |
|
|
Options
exercisable |
|
|
Exercise
price |
|
January 20, 2027 |
|
|
62,500 |
|
|
|
62,500 |
|
|
$ |
16.00 |
|
May 11, 2028 |
|
|
12,500 |
|
|
|
12,500 |
|
|
$ |
16.00 |
|
|
|
|
75,000 |
|
|
|
75,000 |
|
|
|
|
|
| Schedule of deferred share units |
DSU transactions continuity during the years were as follows (in number of DSUs):
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended
December 31,
2025 |
|
|
Year ended
December 31,
2024 |
|
|
Year ended
December 31,
2023 |
|
Balance, beginning of year |
|
|
4,102,083 |
|
|
|
3,552,083 |
|
|
|
3,264,583 |
|
Forfeit |
|
|
— |
|
|
|
(173,958 |
) |
|
|
— |
|
Exercised |
|
|
(962,500 |
) |
|
|
(82,292 |
) |
|
|
(25,000 |
) |
Granted |
|
|
666,500 |
|
|
|
806,250 |
|
|
|
312,500 |
|
Balance, end of year |
|
|
3,806,083 |
|
|
|
4,102,083 |
|
|
|
3,552,083 |
|
|
| Schedule of RSU transactions continuity |
RSU transactions continuity during the years were as follows (in number of RSUs):
|
|
|
|
|
|
|
|
|
|
|
Year ended
December 31,
2025 |
|
|
Year ended December 31,
2024 |
|
Balance, beginning of year |
|
|
4,425,625 |
|
|
|
— |
|
Granted |
|
|
1,796,300 |
|
|
|
4,457,500 |
|
Exercised |
|
|
(900,000 |
) |
|
|
(31,875 |
) |
Forfeit |
|
|
(275,000 |
) |
|
|
— |
|
Balance, end of year |
|
|
5,046,925 |
|
|
|
4,425,625 |
|
|