v3.26.1
Acquisition of Assets
12 Months Ended
Dec. 31, 2025
Acquisition of Assets [Abstract]  
Acquisition of Assets

NOTE 4: ACQUISITION OF ASSETS

 

Acquisition of leased property and energy agreements

 

On October 24, 2025, the Company acquired the previously leased site in Sharon, Pennsylvania, United States (“Sharon Property”), the energy rights and energy construction agreements for $5,000 and 8,500,000 common shares. The lease agreement for the site was terminated. Refer to Note 18 for details regarding the lease.

 

The acquisition of the Sharon Property does not meet the definition of a business combination as its primary assets consist mainly of land, building and contractual energy rights for up to 120 MW of power capacity and electrical construction contracts. Therefore, the transaction has been recorded as an acquisition of a group of assets.

 

The purchase price is as follows:

 

     
     
Purchase price    
Cash consideration   5,000 
Value of 8,500,000 common shares transferred at closing   33,745 
Derecognition of lease liability   (9,014)
Right-of-use asset surrendered   10,055 
Transaction costs   626 
    40,412 
      
Assets acquired     
Land   39,710 
Building   702 
    40,412