v3.26.1
Consolidated Statements of Loss and Comprehensive Loss - CAD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating expenses      
General and administrative $ 3,071 $ 2,902 $ 2,395
Consulting and professional fees 5,103 3,782 4,659
Acquisition cost 255 442 700
Investor relations and marketing 622 811 633
Salaries and benefits 6,513 4,318 3,775
Share-based payments (Note 17) 1,453 1,739 1,821
Operating loss: 17,017 13,994 13,983
Other      
Unrealized gain (loss) on marketable securities (Note 8) 4 41 (253)
(Loss) gain on financial derivative liability – Convertible Notes (Note 11) (10,354) (4,493) 6,683
Changes in fair value of US warrants (Note 14 and 17 (c)) 74,410 7 1,243
Extinguishment of government loans (8,017)    
Impairment 0 0 (51,884)
Other non-operating loss (Note 19) (12,325) (11,008) (6,472)
Net loss (133,465) (29,447) (64,666)
Other comprehensive income (loss):      
Fair value adjustment of 2028 Notes and 2027 Notes due to own credit risk 1,283 (1,342) 0
Foreign currency translation gain (loss) (4,424) 7,538 (2,082)
Net loss and other comprehensive loss $ (136,606) $ (23,251) $ (66,748)
Basic and diluted loss per share (Note 20) (in CAD per share) $ (4.16) $ (2.07) $ (5.96)
Weighted average number of common shares outstanding - Basic and diluted (Note 20) (in shares) 32,104,582 14,256,263 10,857,737
The 2028 and 2027 notes [member]      
Other      
Extinguishment of government loans $ (168,183) $ 0 $ 0