| Schedule of authorized and issued & outstanding common shares and special shares |
As at December 31, 2025, the authorized, issued and outstanding common shares of the Company and special shares of the Company (the “Special Shares”) are as follows: | | | | | | | | | Issued and | | | Authorized | | Outstanding | Common Shares | | Unlimited, with no par value | | 422,966,333 | Preferred Shares | | Unlimited, with no par value | | — | Class A Special Shares | | 5,000,000, with no par value | | 4,572,638 | Class B Special Shares | | 10,000,000, with no par value | | 9,145,156 | Class C Special Shares | | 10,000,000, with no par value | | 9,145,156 | Class D Special Shares | | 20,000,000, with no par value | | 18,290,443 | Class E Special Shares | | 20,000,000, with no par value | | 18,290,443 | Class F Special Shares | | 20,000,000, with no par value | | 18,290,443 | Class G Special Shares | | 25,000,000, with no par value | | 22,863,083 | Class H Special Shares | | 25,000,000, with no par value | | 22,863,083 | Class I Special Shares | | 500,000, with no par value | | 500,000 | Class J Special Shares | | 741,000, with no par value | | 741,000 |
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| Schedule of common shares |
| | | | | | Common shares | | Number | | Amount | December 31, 2023 | | 306,558,710 | | $ | 438,239 | Issuance of shares under 2023 Registered Direct Offering | | 4,500,000 | | | 7,447 | Issuance of shares under 2024 Registered Direct Offering | | 14,900,000 | | | 9,743 | Shares issued as per At-the Market Equity Distribution Agreement | | 3,251,588 | | | 4,866 | Conversion of restricted share units | | 10,734,581 | | | 14,954 | Exercise of stock options | | 715,772 | | | 1,891 | Share purchase under Employee Stock Purchase Plan | | 47,809 | | | 77 | December 31, 2024 | | 340,708,460 | | $ | 477,217 | Issuance of shares to Korea Zinc (Note 14) | | 19,623,376 | | | 71,686 | Issuance of shares under 2025 Registered Direct Offering (Note 14) | | 12,333,333 | | | 24,149 | Issuance of shares under 2024 Registered Direct Offering (Note 14) | | 5,000,000 | | | 2,237 | Shares issued as per At-the Market Equity Distribution Agreement (Note 15) | | 7,542,996 | | | 14,784 | Conversion of restricted share units (Note 18) | | 20,296,128 | | | 41,355 | Exercise of stock options (Note 18) | | 4,746,546 | | | 14,423 | Exercise of Class A Warrants (Note 16) | | 1,913,270 | | | 5,539 | Exercise of Class B Warrants (Note 16) | | 8,433,096 | | | 17,024 | Exercise of Class C Warrants (Note 16) | | 2,330,000 | | | 12,838 | Shares purchased under Employee Stock Purchase Plan (Note 18) | | 39,128 | | | 91 | December 31, 2025 | | 422,966,333 | | $ | 681,343 |
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