v3.26.1
SCHEDULE OF STOCK OPTION TRANSACTIONS (Details) (Parenthetical)
$ / shares in Units, $ in Thousands
12 Months Ended
Dec. 30, 2025
USD ($)
shares
$ / shares
Oct. 09, 2025
USD ($)
shares
$ / shares
Jun. 20, 2025
USD ($)
shares
$ / shares
Feb. 12, 2025
USD ($)
shares
$ / shares
Jan. 15, 2025
USD ($)
shares
$ / shares
Aug. 14, 2024
USD ($)
shares
$ / shares
Dec. 31, 2025
shares
$ / shares
Dec. 31, 2024
shares
[6]
Dec. 31, 2025
$ / shares
IfrsStatementLineItems [Line Items]                  
Number of options, granted | shares             2,863,500 [1],[2],[3],[4],[5] 552,000  
Stock option one [member]                  
IfrsStatementLineItems [Line Items]                  
Options granted, exercise price | (per share)             $ 15.32   $ 21.00
Options expire             Jun. 03, 2026    
Stock option two [member]                  
IfrsStatementLineItems [Line Items]                  
Options granted, exercise price | (per share)             $ 14.59   20.00
Options expire             Oct. 28, 2026    
Stock option three [member]                  
IfrsStatementLineItems [Line Items]                  
Options granted, exercise price | (per share)             $ 6.49   8.90
Options expire             Aug. 02, 2032    
Stock option four [member]                  
IfrsStatementLineItems [Line Items]                  
Options granted, exercise price | (per share)             $ 7.30   10.00
Options expire             Aug. 21, 2032    
Stock option five [member]                  
IfrsStatementLineItems [Line Items]                  
Options granted, exercise price | (per share)             $ 3.01   $ 4.13
Options expire             Jan. 04, 2033    
Employees, consultants and officers [member]                  
IfrsStatementLineItems [Line Items]                  
Number of options, granted | shares           552,000      
Options granted, exercise price           $ 1.78      
Options expire           Aug. 13, 2029      
Fair value of options granted | $           $ 779      
Share price           $ 1.78      
Expected option life           5 years      
Volatility           109.00%      
Risk-free interest rate           3.67%      
Dividend yield           0.00%      
Employees [member]                  
IfrsStatementLineItems [Line Items]                  
Number of options, granted | shares 1,790,500 239,000 229,000   105,000        
Options granted, exercise price         $ 6.40        
Fair value of options granted | $ $ 7,747 $ 1,644 $ 2,252   $ 627        
Share price $ 6.43 $ 7.33 $ 10.36   $ 6.38        
Expected option life 10 years 10 years 10 years   10 years        
Volatility 105.00% 113.00% 108.00%   110.00%        
Risk-free interest rate 4.13% 4.15% 4.38%   4.65%        
Dividend yield 0.00% 0.00% 0.00%   0.00%        
Description of vesting of options         The share options vest quarterly starting on January 15, 2026        
Options expiration date Dec. 30, 2035 Oct. 09, 2035 Jun. 20, 2035   Jan. 15, 2035        
Employees [member] | Stock option one [member]                  
IfrsStatementLineItems [Line Items]                  
Number of options, granted | shares 474,500 215,000 30,000            
Options granted, exercise price $ 8.00 $ 8.00 $ 1.775            
Employees [member] | Stock option two [member]                  
IfrsStatementLineItems [Line Items]                  
Number of options, granted | shares 800,000 24,000 199,000            
Options granted, exercise price $ 8.00 $ 6.40 $ 6.40            
Employees [member] | Stock option three [member]                  
IfrsStatementLineItems [Line Items]                  
Number of options, granted | shares 1,000                
Options granted, exercise price $ 6.40                
Employees [member] | Stock option four [member]                  
IfrsStatementLineItems [Line Items]                  
Number of options, granted | shares 15,000                
Options granted, exercise price $ 8.00                
Employees [member] | Stock option five [member]                  
IfrsStatementLineItems [Line Items]                  
Number of options, granted | shares 500,000                
Options granted, exercise price $ 6.00                
Chief Executive Officer [Member]                  
IfrsStatementLineItems [Line Items]                  
Number of options, granted | shares       500,000          
Options granted, exercise price       $ 6.40          
Fair value of options granted | $       $ 3,092          
Share price       $ 6.61          
Expected option life       10 years          
Volatility       110.00%          
Risk-free interest rate       4.64%          
Dividend yield       0.00%          
Options expiration date       Feb. 02, 2035          
[1] On December 30, 2025, 1,790,500 share options were granted to employees. 474,500 share options have an exercise price of $8.00 per share and their vesting schedule is as follows: a third vest on December 30, 2025, a third on December 30, 2027, and a third on December 30, 2028. 800,000 share options have an exercise price of $8.00 per share and vest immediately. 1,000 share options have an exercise price of $6.40 per share and their vesting schedule is as follows: a third vest on June 30, 2026, a third on June 30, 2027, and a third on June 30, 2028. 15,000 share options have an exercise price of $8.00 per share and their vesting schedule is as follows: a third vest immediately, a third on December 30, 2026, and a third on December 30, 2027. The remaining 500,000 share options have an exercise price of $6.00 per share and vest immediately. The options expire on December 30, 2035. The fair value of the options granted was estimated at $7,747 using the Black-Scholes option pricing model, using the following assumptions: Share Price: $6.43; Expected option life 10 years; Volatility 105%; Risk-free interest rate 4.13%; Dividend yield 0%.
[2] On February 12, 2025, the Company granted the CEO 500,000 share options to purchase Common Shares with an exercise price of $6.40 per share, vesting immediately and expiring on February 2, 2035. The fair value of the options granted was estimated at $3,092 using the Black-Scholes option pricing model, using the following assumptions: Share Price: $6.61; Expected option life 10 years; Volatility 110%; Risk-free interest rate 4.64%; Dividend yield 0%.
[3] On January 15, 2025, the Company granted an employee 105,000 share options to purchase Common Shares of the company with an exercise price of $6.40 per share. The share options vest quarterly starting on January 15, 2026, and expire on January 15, 2035. The fair value of the options granted was estimated at $627 using the Black-Scholes option pricing model, using the following assumptions: Share Price: $6.38; Expected option life 10 years; Volatility 110%; Risk-free interest rate 4.65%; Dividend yield 0%.
[4] On June 20, 2025, 229,000 share options were granted to employees. 30,000 share options have an exercise price of $1.775 per share and their vesting schedule is as follows: a third vest on June 30, 2025, a third on June 30, 2026, and a third on June 30, 2027. The remaining 199,000 share options have an exercise price of $6.40 per share and their vesting schedule is as follows: a third vest on June 30, 2026, a third on June 30, 2027, and a third on June 30, 2028. The options expire on June 20, 2035. The fair value of the options granted was estimated at $2,252 using the Black-Scholes option pricing model, using the following assumptions: Share Price: $10.36; Expected option life 10 years; Volatility 108%; Risk-free interest rate 4.38%; Dividend yield 0%.
[5] On October 9, 2025, 239,000 share options were granted to employees. 215,000 share options have an exercise price of $8.00 per share, 24,000 share options have an exercise price of $6.40 per share. The vesting schedule is as follows: a third vest on September 30, 2026, a third on September 30, 2027, and a third on September 30, 2028. The options expire on October 9, 2035. The fair value of the options granted was estimated at $1,644 using the Black-Scholes option pricing model, using the following assumptions: Share Price: $7.33; Expected option life 10 years; Volatility 113%; Risk-free interest rate 4.15%; Dividend yield 0%.
[6] On August 14, 2024, 552,000 stock options were issued to employees, consultants and officers with an exercise price of $1.78. The options expire on August 13, 2029. The fair value of the options granted was estimated at $779 using the Black-Scholes option pricing model, using the following assumptions: Share Price: $1.78; Expected option life 5 years; Volatility 109%; Risk-free interest rate 3.67%; Dividend yield 0%.