| Schedule of Detailed Information about Borrowings Explanatory |
| | | | | | | | | | | | | Note | December 31,
2025 | December 31,
2024 | | Credit facility | 13(a) | $ | 1,106,590 | | $ | 1,080,557 | | | Sprott Loan | 13(b) | 281,920 | | — | | | 2023 convertible notes | 13(c) | 140,635 | | 131,682 | | | 2025 Convertible Notes | 13(d) | 23,625 | | — | | | 2020 convertible notes | 13(e) | — | | 135,592 | | | Other | | 1,910 | | — | | | Total loans and borrowings | | $ | 1,554,680 | | $ | 1,347,831 | | | | | | | Classified and presented as: | | | | | Current | | $ | 181,330 | | $ | 135,592 | | | Non-current | | 1,373,350 | | 1,212,239 | | | | $ | 1,554,680 | | $ | 1,347,831 | |
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| Schedule of Detailed Information about Changes in Loans and Borrowings Arising from Financing Activities |
The following is a reconciliation of the changes in the carrying amount of loans and borrowings during the years ended December 31, 2025 and 2024 to cash flows arising from financing activities: | | | | | | | | | | | | | Note | 2025 | 2024 | Balance – beginning of year(1) | | $ | 1,349,582 | | $ | 927,551 | | | Financing cash flows: | | | | | Drawdowns on credit facility | 13(a) | 85,000 | | 560,000 | | | Repayments of loans and borrowings | 13(a),(b) | (81,482) | | — | | | Interest paid | | (119,780) | | (108,535) | | | Transaction costs | | (7,908) | | (7,645) | | | Other changes: | | | | | Assumed on Calibre Acquisition | 5(a) | 339,227 | | — | | | Conversion of convertible notes | 13(e),(f) | (139,278) | | (139,661) | | | Interest and accretion expense | | 144,068 | | 128,493 | | | Extinguishment of convertible notes | 13(e),(f) | — | | (266,241) | | | Recognition of new convertible notes | 13(e),(f) | — | | 259,306 | | | Gain on non-substantial modification of debt | 13(a) | (13,042) | | (3,686) | | Balance – end of year(1) | | 1,556,387 | | 1,349,582 | | Less: Accrued interest(2) | | (1,707) | | (1,751) | | | Balance – end of year, excluding accrued interest | | $ | 1,554,680 | | $ | 1,347,831 | |
(1) Includes accrued interest. (2) Included in accounts payable and accrued liabilities.
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