v3.26.1
Change in presentation currency (Details)
$ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2024
CAD ($)
Dec. 31, 2024
CAD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2023
CAD ($)
Current            
Cash and cash equivalents $ 9,804 $ 40,073   $ 57,659 $ 16,681 $ 22,067
Short-term investments 17,906 8,475   12,195 13,246 17,520
Sales tax, interest and other receivables 370 435   626 441 583
Prepaid expenses and deposits 3,804 1,760   2,532 112 148
Derivative financial instruments, net         3 4
Total current assets 31,884 50,743   73,012 30,483 40,322
Property and equipment 5 4   5 15 19
Total non-current assets 5 4   5 3,007 3,976
TOTAL ASSETS 31,889 50,747   73,017 33,490 44,298
LIABILITIES            
Accounts payable and accrued liabilities 4,105 3,583   5,155 2,734 3,624
Total current liabilities 4,105 3,583   5,155 2,734 3,624
Total Liabilities 4,105 3,583   5,155 2,734 3,624
SHAREHOLDERS' EQUITY            
Common Shares 85,828 78,131   105,729 47,335 61,916
Pre-Funded Warrants 15,480 19,967   27,622 13,050 17,772
Contributed surplus 10,166 7,900   10,329 6,472 8,503
Accumulated deficit (81,970) (57,097)   (75,601) (36,463) (47,502)
Accumulated other comprehensive income/(loss) (1,720) (1,737)   (217) 362 (15)
Total shareholders' equity 27,784 47,164   67,862 30,756 40,674
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 31,889 50,747   $ 73,017 33,490 44,298
Income statement            
Research and development ("R&D") 18,426 14,359 $ 19,603      
General and administrative ("G&A") 8,033 6,039 8,205      
TOTAL OPERATING EXPENSES: (26,459) (20,398) (27,808)      
Finance income 1,360 1,003 1,371      
Impairment of intangible asset   (2,905) (3,961)      
Loss on derivative financial instruments   (3) (2)      
Foreign exchange gain 398 1,669 2,301      
NET LOSS FOR THE YEAR (24,873) (20,634) (28,099)      
OTHER COMPREHENSIVE LOSS            
Foreign currency translation adjustment 17 (2,099) (202)      
TOTAL COMPREHENSIVE LOSS $ (24,856) $ (22,733) $ (28,301)      
Intangible asset            
Current            
Assets held for sale         2,961 3,916
Investments            
Current            
Assets held for sale         $ 31 $ 41