v3.26.1
Share Based Payments (Tables)
 12 Months Ended
Dec. 31, 2025
Share Based Payments [Abstract]  
Schedule of Stock Options

The continuity of stock options during the period were as follows:

 

   2025   2024 
   Number of
stock
options		   Weighted
average
exercise
price		   Number of
stock
options		   Weighted
average
exercise
price		 
       C$       C$ 
Outstanding, beginning of year   4,434,800    4.07    4,177,217    3.10 
Granted   2,350,000    18.03    1,100,000    5.94 
Exercised   (554,333)   (3.26)   (754,917)   (1.44)
Forfeited   (126,667)   (4.84)   (87,500)   (3.86)
Outstanding, December 31   6,103,800    9.51    4,434,800    4.07 
Schedule of Stock Options Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable as at December 31, 2025:

 

   Options Outstanding   Options Exercisable 
Range of Price (C$)  Number of
Options
Outstanding		   Weighted
average remaining
contractual life
(years)		   Weighted
average
exercise price
(C$)		   Number of
options
exercisable		   Weighted
average
remaining
contractual life
(years)		   Weighted
average
exercise price
(C$)		 
$2.00 – $3.00   1,691,800    1.29    2.87    1,691,800    1.29    2.87 
$3.01 – $6.00   1,914,000    3.51    5.15    954,002    3.27    4.78 
$6.01 – $9.00   348,000    3.36    7.44    148,000    2.33    6.26 
$6.01 – $16.00   2,150,000    4.76    18.93    
–
    
–
    
–
 
    6,103,800    3.33    9.51    2,793,802    2.02    3.70 
Schedule of Stock Options Granted the Fair Values and The Assumptions used in the Black-Scholes Option Pricing

The following is a summary of the stock options granted during the period, the fair values and the assumptions used in the Black-Scholes option pricing formula:

 

For the twelve months ended December 31  2025   2024 
         
Number of options granted   2,350,000    1,100,000 
Weighted average share price on grant date  C$18.03   C$5.94 
Weighted average risk-free interest rate   2.68%   2.98%
Weighted average dividend yield   Nil    Nil 
Weighted average stock price volatility   55%   56%
Weighted average period to expiry (years)   3.75    3.8 
Weighted average grant date fair value per share  $11.09   $1.85