v3.26.1
Government Contributions
 3 Months Ended
Mar. 31, 2026
Government Assistance [Abstract]  
Government contributions Government contributions
The Company recognized the following on the consolidated balance sheets:
March 31, 2026
Deferred Government Contribution
Accounts Receivable5
Government Grant1
Total
Non-repayableConditionally RepayableRepayable
Government Contribution 1 (Canada)2
$– $1,367 $76,772 $– $78,139 
Government Contribution 2 (Canada)3
12,486 10,678 – 70,473 81,151 
Government Contribution 2 (British Columbia)4
17,716 – 24,789 – 24,789 
Other Government Grants– 974 – – 974 
March 31, 2026$30,202 $13,019 $101,561 $70,473 $185,053 
December 31, 2025$33,592 $13,690 $103,247 $66,499 $183,436 
March 31, 2026
Current$17,661 $2,299 $6,649 $– $8,948 
Long-term$12,541 $10,720 $94,912 $70,473 $176,105 
1No amounts have been accrued related to the repayment terms as the conditions are estimated to be non-probable.
2As of December 31, 2024, the Company had incurred the maximum expenditures under the agreement. Repayment of CAD $116.9 million ($88.5 million) of the funded amount is conditional on achieving certain revenue thresholds over a specified period of time.
3The funding includes repayable and conditionally repayable amounts starting in 2033 over 15 years, where the conditional portion is based on certain revenue thresholds, at a factor of up to 1.4 times the original grant. As of March 31, 2026, total available undrawn grant funding was approximately CAD $111.8 million ($80.2 million), consisting of CAD $94.4 million ($67.8 million) for future qualifying expenditures and $12.5 million in accrued grants receivable for which claims will be filed subsequently.
4Conditionally repayable amounts starting in 2032 over up to fifteen years, based on certain revenue thresholds. As of March 31, 2026, total available undrawn grant funding was approximately CAD $60.2 million ($43.2 million), consisting of CAD $35.5 million ($25.5 million) for future qualifying expenditures and $17.7 million in accrued grants receivable for which claims will be filed subsequently.
5During the three months ended March 31, 2026, the Company recognized non-cash investing and financing activities for uncollected government grants of $0.2 million and $4.9 million, respectively (2025: $0.8 million and $8.3 million).