0001786286 2026-01-01 2026-03-31 0001786286 2026-03-31 0001786286 2025-12-31 0001786286 2025-01-01 2025-03-31 0001786286 ifrs-full:IssuedCapitalMember 2024-12-31 0001786286 ifrs-full:ReserveOfSharebasedPaymentsMember 2024-12-31 0001786286 ifrs-full:WarrantReserveMember 2024-12-31 0001786286 ifrs-full:RetainedEarningsMember 2024-12-31 0001786286 ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember 2024-12-31 0001786286 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 2024-12-31 0001786286 2024-12-31 0001786286 ifrs-full:IssuedCapitalMember 2025-03-31 0001786286 ifrs-full:ReserveOfSharebasedPaymentsMember 2025-03-31 0001786286 ifrs-full:WarrantReserveMember 2025-03-31 0001786286 ifrs-full:RetainedEarningsMember 2025-03-31 0001786286 ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember 2025-03-31 0001786286 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 2025-03-31 0001786286 2025-03-31 0001786286 ifrs-full:IssuedCapitalMember 2025-12-31 0001786286 ifrs-full:ReserveOfSharebasedPaymentsMember 2025-12-31 0001786286 ifrs-full:WarrantReserveMember 2025-12-31 0001786286 ifrs-full:RetainedEarningsMember 2025-12-31 0001786286 ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember 2025-12-31 0001786286 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 2025-12-31 0001786286 ifrs-full:IssuedCapitalMember 2025-01-01 2025-03-31 0001786286 ifrs-full:ReserveOfSharebasedPaymentsMember 2025-01-01 2025-03-31 0001786286 ifrs-full:WarrantReserveMember 2025-01-01 2025-03-31 0001786286 ifrs-full:RetainedEarningsMember 2025-01-01 2025-03-31 0001786286 ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember 2025-01-01 2025-03-31 0001786286 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 2025-01-01 2025-03-31 0001786286 ifrs-full:IssuedCapitalMember 2025-04-01 2025-12-31 0001786286 ifrs-full:ReserveOfSharebasedPaymentsMember 2025-04-01 2025-12-31 0001786286 ifrs-full:WarrantReserveMember 2025-04-01 2025-12-31 0001786286 ifrs-full:RetainedEarningsMember 2025-04-01 2025-12-31 0001786286 ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember 2025-04-01 2025-12-31 0001786286 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 2025-04-01 2025-12-31 0001786286 2025-04-01 2025-12-31 0001786286 ifrs-full:IssuedCapitalMember 2026-01-01 2026-03-31 0001786286 ifrs-full:ReserveOfSharebasedPaymentsMember 2026-01-01 2026-03-31 0001786286 ifrs-full:WarrantReserveMember 2026-01-01 2026-03-31 0001786286 ifrs-full:RetainedEarningsMember 2026-01-01 2026-03-31 0001786286 ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember 2026-01-01 2026-03-31 0001786286 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 2026-01-01 2026-03-31 0001786286 ifrs-full:IssuedCapitalMember 2026-03-31 0001786286 ifrs-full:ReserveOfSharebasedPaymentsMember 2026-03-31 0001786286 ifrs-full:WarrantReserveMember 2026-03-31 0001786286 ifrs-full:RetainedEarningsMember 2026-03-31 0001786286 ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember 2026-03-31 0001786286 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 2026-03-31 0001786286 DPRO:DragonflyInnovationsIncMember 2026-01-01 2026-03-31 0001786286 DPRO:DragonflyInnovationsUSAIncMember 2026-01-01 2026-03-31 0001786286 DPRO:DronelogicsSystemsIncMember 2026-01-01 2026-03-31 0001786286 DPRO:PreviouslyReportedMember 2025-01-01 2025-03-31 0001786286 DPRO:ReclassificationAdjustmentMember 2025-01-01 2025-03-31 0001786286 2025-01-01 2025-12-31 0001786286 DPRO:InventoryMember 2026-01-01 2026-03-31 0001786286 DPRO:InventoryMember 2025-01-01 2025-03-31 0001786286 ifrs-full:ComputerEquipmentMember 2024-12-31 0001786286 DPRO:FurnitureAndEquipmentMember 2024-12-31 0001786286 ifrs-full:LeaseholdImprovementsMember 2024-12-31 0001786286 ifrs-full:VehiclesMember 2024-12-31 0001786286 ifrs-full:ComputerEquipmentMember 2025-01-01 2025-12-31 0001786286 DPRO:FurnitureAndEquipmentMember 2025-01-01 2025-12-31 0001786286 ifrs-full:LeaseholdImprovementsMember 2025-01-01 2025-12-31 0001786286 ifrs-full:VehiclesMember 2025-01-01 2025-12-31 0001786286 ifrs-full:ComputerEquipmentMember 2025-12-31 0001786286 DPRO:FurnitureAndEquipmentMember 2025-12-31 0001786286 ifrs-full:LeaseholdImprovementsMember 2025-12-31 0001786286 ifrs-full:VehiclesMember 2025-12-31 0001786286 ifrs-full:ComputerEquipmentMember 2026-01-01 2026-03-31 0001786286 DPRO:FurnitureAndEquipmentMember 2026-01-01 2026-03-31 0001786286 ifrs-full:LeaseholdImprovementsMember 2026-01-01 2026-03-31 0001786286 ifrs-full:VehiclesMember 2026-01-01 2026-03-31 0001786286 ifrs-full:ComputerEquipmentMember 2026-03-31 0001786286 DPRO:FurnitureAndEquipmentMember 2026-03-31 0001786286 ifrs-full:LeaseholdImprovementsMember 2026-03-31 0001786286 ifrs-full:VehiclesMember 2026-03-31 0001786286 ifrs-full:PropertyPlantAndEquipmentMember 2026-01-01 2026-03-31 0001786286 ifrs-full:PropertyPlantAndEquipmentMember 2025-01-01 2025-03-31 0001786286 ifrs-full:RightofuseAssetsMember 2026-01-01 2026-03-31 0001786286 ifrs-full:RightofuseAssetsMember 2025-01-01 2025-03-31 0001786286 ifrs-full:BuildingsMember 2026-03-31 0001786286 ifrs-full:BuildingsMember 2025-12-31 0001786286 ifrs-full:BottomOfRangeMember 2026-03-31 0001786286 ifrs-full:TopOfRangeMember 2026-03-31 0001786286 ifrs-full:NotLaterThanOneYearMember 2026-03-31 0001786286 ifrs-full:NotLaterThanOneYearMember 2025-12-31 0001786286 ifrs-full:LaterThanOneYearAndNotLaterThanThreeYearsMember 2026-03-31 0001786286 ifrs-full:LaterThanOneYearAndNotLaterThanThreeYearsMember 2025-12-31 0001786286 DPRO:CommonStock1Member 2026-02-23 0001786286 DPRO:CommonStock1Member ifrs-full:WarrantsMember 2026-02-23 0001786286 2026-02-23 2026-02-23 0001786286 2026-02-23 0001786286 DPRO:BrokerWarrantsMember 2026-02-23 2026-02-23 0001786286 ifrs-full:OrdinarySharesMember 2026-02-23 2026-02-23 0001786286 ifrs-full:WarrantsMember 2026-02-23 2026-02-23 0001786286 DPRO:RestrictedStockUnitsMember 2025-01-01 2025-12-31 0001786286 DPRO:CommonStock1Member 2025-05-05 0001786286 2025-05-05 2025-05-05 0001786286 DPRO:BrokerWarrantsMember 2025-05-05 2025-05-05 0001786286 ifrs-full:OrdinarySharesMember 2025-05-05 2025-05-05 0001786286 ifrs-full:WarrantsMember 2025-05-05 2025-05-05 0001786286 ifrs-full:WarrantsMember 2025-05-05 0001786286 2025-05-05 0001786286 DPRO:OverallotmentSharesMember 2025-05-05 0001786286 DPRO:OverallotmentSharesMember 2025-05-05 2025-05-05 0001786286 DPRO:CommonStock1Member 2025-06-12 0001786286 2025-06-12 2025-06-12 0001786286 DPRO:BrokerWarrantsMember 2025-06-12 2025-06-12 0001786286 ifrs-full:OrdinarySharesMember 2025-06-12 2025-06-12 0001786286 ifrs-full:WarrantsMember 2025-06-12 2025-06-12 0001786286 DPRO:CommonStock1Member 2025-07-21 0001786286 2025-07-21 2025-07-21 0001786286 DPRO:BrokerWarrantsMember 2025-07-21 2025-07-21 0001786286 DPRO:CommonStock1Member 2025-07-21 2025-07-21 0001786286 DPRO:CommonStock1Member 2023-06-01 2023-06-30 0001786286 DPRO:StockOptionsMember 2026-01-01 2026-03-31 0001786286 DPRO:StockOptionsMember 2025-01-01 2025-03-31 0001786286 DPRO:RestrictedStockUnitsMember 2026-01-01 2026-03-31 0001786286 DPRO:RestrictedStockUnitsMember 2025-01-01 2025-03-31 0001786286 ifrs-full:WarrantsMember 2026-01-01 2026-03-31 0001786286 ifrs-full:WarrantsMember 2025-01-01 2025-03-31 0001786286 ifrs-full:WarrantsMember 2024-12-31 0001786286 ifrs-full:WarrantsMember 2025-01-01 2025-12-31 0001786286 ifrs-full:WarrantsMember 2025-12-31 0001786286 ifrs-full:WarrantsMember 2026-03-31 0001786286 DPRO:IncentiveShareCompensationPlanMember DPRO:ExercisePriceOneMember 2026-01-01 2026-03-31 0001786286 DPRO:IncentiveShareCompensationPlanMember DPRO:ExercisePriceOneMember 2026-03-31 0001786286 DPRO:IncentiveShareCompensationPlanMember DPRO:ExercisePriceTwoMember 2026-01-01 2026-03-31 0001786286 DPRO:IncentiveShareCompensationPlanMember DPRO:ExercisePriceTwoMember 2026-03-31 0001786286 DPRO:IncentiveShareCompensationPlanMember DPRO:ExercisePriceThreeMember 2026-01-01 2026-03-31 0001786286 DPRO:IncentiveShareCompensationPlanMember DPRO:ExercisePriceThreeMember 2026-03-31 0001786286 DPRO:IncentiveShareCompensationPlanMember DPRO:ExercisePriceFourMember 2026-01-01 2026-03-31 0001786286 DPRO:IncentiveShareCompensationPlanMember DPRO:ExercisePriceFourMember 2026-03-31 0001786286 DPRO:IncentiveShareCompensationPlanMember DPRO:ExercisePriceFiveMember 2026-01-01 2026-03-31 0001786286 DPRO:IncentiveShareCompensationPlanMember DPRO:ExercisePriceFiveMember 2026-03-31 0001786286 DPRO:IncentiveShareCompensationPlanMember DPRO:ExercisePriceSixMember 2026-01-01 2026-03-31 0001786286 DPRO:IncentiveShareCompensationPlanMember DPRO:ExercisePriceSixMember 2026-03-31 0001786286 DPRO:IncentiveShareCompensationPlanMember DPRO:ExercisePriceSevenMember 2026-01-01 2026-03-31 0001786286 DPRO:IncentiveShareCompensationPlanMember DPRO:ExercisePriceSevenMember 2026-03-31 0001786286 DPRO:IncentiveShareCompensationPlanMember DPRO:ExercisePriceEightMember 2026-01-01 2026-03-31 0001786286 DPRO:IncentiveShareCompensationPlanMember DPRO:ExercisePriceEightMember 2026-03-31 0001786286 DPRO:IncentiveShareCompensationPlanMember 2026-03-31 0001786286 ifrs-full:RestrictedShareUnitsMember 2025-12-31 0001786286 ifrs-full:RestrictedShareUnitsMember 2026-01-01 2026-03-31 0001786286 ifrs-full:RestrictedShareUnitsMember 2026-03-31 0001786286 DPRO:FebruaryIssuanceMember DPRO:BrokerMember 2026-01-01 2026-03-31 0001786286 DPRO:MayIssuanceMember DPRO:BrokerMember 2025-01-01 2025-12-31 0001786286 DPRO:JuneIssuanceMember DPRO:BrokerMember 2025-01-01 2025-12-31 0001786286 DPRO:JulyIssuanceMember DPRO:BrokerMember 2025-01-01 2025-12-31 0001786286 ifrs-full:WarrantsMember 2024-12-31 0001786286 ifrs-full:WarrantsMember 2024-01-01 2024-12-31 0001786286 ifrs-full:WarrantsMember 2025-12-31 0001786286 ifrs-full:WarrantsMember 2026-01-01 2026-03-31 0001786286 ifrs-full:WarrantsMember 2026-03-31 0001786286 DPRO:RangeOneMember 2026-01-01 2026-03-31 0001786286 DPRO:RangeOneMember 2026-03-31 0001786286 DPRO:RangeOneMember 2025-12-31 0001786286 DPRO:RangeTwoMember 2026-01-01 2026-03-31 0001786286 DPRO:RangeTwoMember 2026-03-31 0001786286 DPRO:RangeTwoMember 2025-12-31 0001786286 DPRO:WarrantOneMember 2026-01-01 2026-03-31 0001786286 DPRO:WarrantOneMember 2026-03-31 0001786286 DPRO:WarrantTwoMember 2026-01-01 2026-03-31 0001786286 DPRO:WarrantTwoMember 2026-03-31 0001786286 DPRO:WarrantThreeMember 2026-01-01 2026-03-31 0001786286 DPRO:WarrantThreeMember 2026-03-31 0001786286 DPRO:WarrantFourMember 2026-01-01 2026-03-31 0001786286 DPRO:WarrantFourMember 2026-03-31 0001786286 DPRO:WarrantFiveMember 2026-01-01 2026-03-31 0001786286 DPRO:WarrantFiveMember 2026-03-31 0001786286 DPRO:WarrantSixMember 2026-01-01 2026-03-31 0001786286 DPRO:WarrantSixMember 2026-03-31 0001786286 DPRO:DronesMember 2026-01-01 2026-03-31 0001786286 DPRO:CorporatesMember 2026-01-01 2026-03-31 0001786286 DPRO:DronesMember 2025-01-01 2025-03-31 0001786286 DPRO:CorporatesMember 2025-01-01 2025-03-31 0001786286 DPRO:CAMember 2026-03-31 0001786286 DPRO:CAMember 2025-12-31 0001786286 DPRO:USCountryMember 2026-03-31 0001786286 DPRO:USCountryMember 2025-12-31 0001786286 DPRO:CAMember 2026-01-01 2026-03-31 0001786286 DPRO:CAMember 2025-01-01 2025-03-31 0001786286 DPRO:USCountryMember 2026-01-01 2026-03-31 0001786286 DPRO:USCountryMember 2025-01-01 2025-03-31 0001786286 DPRO:BusinessInstinctsGroupMember DPRO:BusinessServicesAgreementMember 2026-01-01 2026-03-31 0001786286 DPRO:BusinessInstinctsGroupMember DPRO:BusinessServicesAgreementMember 2025-01-01 2025-03-31 0001786286 DPRO:BusinessInstinctsGroupMember DPRO:BusinessServicesAgreementMember 2026-03-31 0001786286 DPRO:BusinessInstinctsGroupMember DPRO:BusinessServicesAgreementMember 2025-03-31 0001786286 DPRO:AlbertaLtdMember DPRO:IndependentConsultantAgreementMember 2026-01-01 2026-03-31 0001786286 DPRO:AlbertaLtdMember DPRO:IndependentConsultantAgreementMember 2025-01-01 2025-03-31 0001786286 DPRO:AlbertaLtdMember DPRO:IndependentConsultantAgreementMember 2026-03-31 0001786286 DPRO:AlbertaLtdMember DPRO:IndependentConsultantAgreementMember 2025-03-31 0001786286 DPRO:ScottLarsonMember DPRO:ExecutiveConsultantAgreementMember 2026-01-01 2026-03-31 0001786286 DPRO:ScottLarsonMember DPRO:ExecutiveConsultantAgreementMember 2025-01-01 2025-03-31 0001786286 DPRO:CEOAndDirectorMember 2026-01-01 2026-03-31 0001786286 DPRO:CEOAndDirectorMember 2025-01-01 2025-03-31 0001786286 DPRO:CEOMember 2026-01-01 2026-03-31 0001786286 DPRO:CEOMember 2025-01-01 2025-03-31 0001786286 DPRO:SalaryAndCommissionMember 2026-01-01 2026-03-31 0001786286 DPRO:SalaryAndCommissionMember 2025-01-01 2025-03-31 0001786286 DPRO:DirectorsMember 2026-01-01 2026-03-31 0001786286 DPRO:DirectorsMember 2025-01-01 2025-03-31 0001786286 ifrs-full:OtherRelatedPartiesMember 2026-01-01 2026-03-31 0001786286 ifrs-full:OtherRelatedPartiesMember 2025-01-01 2025-03-31 0001786286 ifrs-full:Level1OfFairValueHierarchyMember 2026-03-31 0001786286 ifrs-full:Level3OfFairValueHierarchyMember 2026-03-31 0001786286 ifrs-full:Level1OfFairValueHierarchyMember 2025-12-31 0001786286 ifrs-full:Level3OfFairValueHierarchyMember 2025-12-31 0001786286 ifrs-full:HistoricalVolatilityForSharesMeasurementInputMember 2026-01-01 2026-03-31 0001786286 ifrs-full:HistoricalVolatilityForSharesMeasurementInputMember 2025-01-01 2025-12-31 0001786286 DPRO:NonadjustingEventsMember 2026-04-15 2026-04-15 0001786286 DPRO:NonadjustingEventsMember ifrs-full:RestrictedShareUnitsMember 2026-04-15 2026-04-15 iso4217:USD shares iso4217:USD shares pure DPRO:Segments iso4217:CAD shares iso4217:CAD 6-K 001-40688 DRAGANFLY INC. 235 103rd St. E Saskatoon SK S7N 1Y8 CA false Q1 --12-31 2026-03-31 2026 0001786286 147339721 90156821 1156922 1041582 7711812 3903139 3356456 4757100 159564911 99858642 1314092 1192074 34307 36112 28571 71429 193935 229616 161135816 101387873 4260247 3397343 317034 417641 176663 165237 329101 492470 125926 143624 5208971 4616315 37428 44512 106977 130251 5353376 4791078 291374851 229698507 10568042 7347457 126534 126534 -146075774 -140446908 -211213 -128795 155782440 96596795 161135816 101387873 2232132 1541811 80221 5904 2312353 1547715 1964592 1237627 347761 310088 1805 2257 121251 75416 119498 132651 228118 155749 1886108 704519 603159 415120 628638 161886 244064 288883 629568 125008 3501014 1849546 7963223 3911035 1047731 157830 678152 34031 2694532 -17240 -6371 25951 -2427448 -24450 1986596 176122 -5628866 -3424825 -39561 -16060 -42857 7173 -5711284 -3433712 -0.17 -0.17 -0.63 -0.63 32371209 32371209 5427795 5427795 5427795 110742984 7698304 3776428 -117465829 -609420 479316 4621783 306 306 6029 480100 -480100 288883 288883 -3424825 -3424825 7173 7173 -16060 -16060 5433824 111222778 7507087 3776428 -120890654 -602247 463256 1476648 100000 294000 294000 -28030 -28030 11887895 56907745 56907745 7328625 -2225727 5102898 11712347 67861616 -2716408 -4753719 60391489 210709 769023 -769023 1103825 1103825 1100074 1100074 -19556254 -19556254 57113 57113 -46917 -46917 29344775 229698507 7347457 126534 -140446908 -545134 416339 96596795 29344775 229698507 7347457 126534 -140446908 -545134 416339 96596795 5030000 48033503 48033503 5724416 -2976521 2747895 2121164 19367257 19367257 244064 244064 -5628866 -5628866 -42857 -42857 -39561 -39561 36495939 291374851 10568042 126534 -146075774 -587991 376778 155782440 36495939 291374851 10568042 126534 -146075774 -587991 376778 155782440 -5628866 -3424825 1805 2257 121251 75416 -18020 186440 1047731 157830 -105840 38666 25951 2412431 -306 -2472 244064 288883 -3806754 -3094582 -97320 -190719 -3902630 -385650 1400644 -454793 -1871188 85162 -100607 -39768 4342 13704 -8373513 -4066646 221942 32427 -25951 -221942 -6476 68277951 5160327 7171 40972 37124 63083823 -37124 2694532 -16060 54488368 -4110246 90156821 6252409 147339721 2126103 18584 10506 696736 44537 137516 <p id="xdx_807_ecustom--DisclosureOfNatureAndContinuanceOfOperationsExplanatory_zZnqjAR4PSf5" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1.</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_825_z4YCJK91DGq5">NATURE AND CONTINUANCE OF OPERATIONS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Draganfly Inc. (the “Company”) was incorporated on June 1, 2018 under the Business Corporations Act (British Columbia). The Company creates unmanned and remote data collection and analysis platforms and systems that are designed to revolutionize the way companies do business. The Company’s shares trade on the following stock exchanges: NASDAQ: DPRO; CSE: DPRO; FSE: 3U8. The Company’s head office is located at 235 103^rd St. E, Saskatoon, SK, S7N 1Y8 and its registered office is located at 2800 – 666 Burrard Street, Vancouver, BC, V6C 2Z7.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Recognized as being at the forefront of UAV (“unmanned aerial vehicle”) technology for over two decades, Draganfly is an award-winning, industry-leading manufacturer, contract engineering, and product development company within the commercial UAV space serving the public safety, civil, military, agriculture, industrial inspections, and mapping and surveying markets. Draganfly is a company driven by passion, ingenuity, and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money, and lives.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_805_eifrs-full--DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory_z8Ak41ZXiYgh" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2.</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_822_zBocXgGbx5f3">BASIS OF PREPARATION</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_844_eifrs-full--StatementOfIFRSCompliance_zYxpx46M9DGk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_862_zhUaSRLfvII2">Statement of Compliance</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These condensed consolidated interim financial statements have been prepared in accordance with International Accounting Standard (“IAS”) 34, “Interim Financial Reporting”. The Company has prepared these financial statements on the basis that it will continue to operate as a going concern. These condensed consolidated interim financial statements include all necessary disclosures required for interim financial statements but do not include all disclosures required for annual financial statements. These condensed consolidated interim financial statements should be read in conjunction with the Company’s annual financial statements for the year ended December 31, 2025.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These condensed consolidated interim financial statements were authorized for issue by the Board of Directors on May 11, 2026.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84D_eifrs-full--DisclosureOfBasisOfConsolidationExplanatory_zyyDfJfvq4b1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_862_zytbDraFn3H4">Basis of consolidation</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Each subsidiary is fully consolidated from the date of acquisition, being the date on which the Company obtains control, and continues to be consolidated until the date when such control ceases.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89A_eifrs-full--DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory_zGUpxQGUJUG5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The condensed consolidated interim financial statements include the accounts and results of operations of the Company and its wholly owned subsidiaries listed in the following table:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B5_z9VJTxXpMos" style="display: none">SCHEDULE OF WHOLLY OWNED SUBSIDIARIES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Name of Subsidiary</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Place of Incorporation</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Ownership Interest</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 58%; text-align: left"><span id="xdx_90D_eifrs-full--NameOfSubsidiary_c20260101__20260331__dei--LegalEntityAxis__custom--DragonflyInnovationsIncMember_zit9w7KxTEy" title="Name of subsidiary">Draganfly Innovations Inc. (DII)</span></td><td style="width: 2%"> </td> <td style="width: 18%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_908_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20260101__20260331__dei--LegalEntityAxis__custom--DragonflyInnovationsIncMember_z9LVMOg6Oh0e" title="Country of incorporation of subsidiary">Canada</span></span></td><td style="width: 2%; text-align: left"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 18%; text-align: right"><span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20260101__20260331__dei--LegalEntityAxis__custom--DragonflyInnovationsIncMember_z4KCkRPTm1yj" title="Proportion of ownership interest in subsidiary">100</span></td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_902_eifrs-full--NameOfSubsidiary_c20260101__20260331__dei--LegalEntityAxis__custom--DragonflyInnovationsUSAIncMember_zGF9nTyprkAc" title="Name of subsidiary">Draganfly Innovations USA, Inc. (DI USA)</span></td><td> </td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20260101__20260331__dei--LegalEntityAxis__custom--DragonflyInnovationsUSAIncMember_zJmv6NZY6y6i" title="Country of incorporation of subsidiary">US</span></span></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20260101__20260331__dei--LegalEntityAxis__custom--DragonflyInnovationsUSAIncMember_z1ynEZNbtbKj" title="Proportion of ownership interest in subsidiary">100</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt"><span id="xdx_901_eifrs-full--NameOfSubsidiary_c20260101__20260331__dei--LegalEntityAxis__custom--DronelogicsSystemsIncMember_zowSvmpjmmU6" title="Name of subsidiary">Dronelogics Systems Inc. (“Dronelogics”)</span></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90D_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20260101__20260331__dei--LegalEntityAxis__custom--DronelogicsSystemsIncMember_zHZzti6v39Ck" title="Country of incorporation of subsidiary">Canada</span></span></td><td style="padding-bottom: 1pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20260101__20260331__dei--LegalEntityAxis__custom--DronelogicsSystemsIncMember_z7rlp9cq9mWd" title="Proportion of ownership interest in subsidiary">100</span></td><td style="padding-bottom: 1pt; text-align: left">%</td></tr> </table> <p id="xdx_8A1_zTxy7QatoEd4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">All intercompany balances and transactions were eliminated on consolidation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/110% Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2. BASIS OF PREPARATION (<i>CONTINUED</i>)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84B_eifrs-full--DescriptionOfAccountingPolicyForReclassificationOfFinancialInstrumentsExplanatory_zk68vtfSJYHf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_863_z7ynyZLvMiJ7">Reclassification</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain prior year amounts have been reclassified to conform to the fiscal 2026 presentation. Overall results were not impacted by the reclassification of items within the Operating Expenses of the Consolidated Statements of Comprehensive Loss. For the quarter ended March 31, 2025 the reclassified amounts were as follows:</span></p> <p id="xdx_89E_eifrs-full--DisclosureOfReclassificationOfFinancialInstrumentsExplanatory_zfMX3fm0EGjk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BC_zOu1ngTqXVCi" style="display: none">SCHEDULE OF RECLASSIFICATION</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: justify"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20250101__20250331__custom--ReclassificationAxis__custom--PreviouslyReportedMember_zYpjXroiaIGd" style="border-bottom: Black 1pt solid; text-align: right">Before</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20250101__20250331__custom--ReclassificationAxis__custom--ReclassificationAdjustmentMember_z1leRr6XdqAh" style="border-bottom: Black 1pt solid; text-align: center">Adjustment</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20250101__20250331_zOD6a6IhXN5j" style="border-bottom: Black 1pt solid; text-align: right">After</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; text-align: center">March 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Before</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Adjustment</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">After</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_406_eifrs-full--ProfessionalFeesExpense_zktOMvYZJ5w2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: justify">Professional fees</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">790,177</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">(375,057</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">415,120</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eifrs-full--MiscellaneousOtherOperatingExpense_zBOZE1jVF471" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Office and miscellaneous</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">537,689</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">166,830</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">704,519</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--EmployeeAndManagementExpenses_zW4X79YkH1Qj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1pt">Employee and management expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,641,319</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">208,227</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,849,546</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8AB_zOUqnIJHIMwk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Draganfly Inc.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Condensed Consolidated Interim Financial Statements</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the Three Months Ended March 31, 2026</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Expressed in Canadian Dollars (unaudited)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <div style="width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_844_eifrs-full--StatementOfIFRSCompliance_zYxpx46M9DGk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_862_zhUaSRLfvII2">Statement of Compliance</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These condensed consolidated interim financial statements have been prepared in accordance with International Accounting Standard (“IAS”) 34, “Interim Financial Reporting”. The Company has prepared these financial statements on the basis that it will continue to operate as a going concern. These condensed consolidated interim financial statements include all necessary disclosures required for interim financial statements but do not include all disclosures required for annual financial statements. These condensed consolidated interim financial statements should be read in conjunction with the Company’s annual financial statements for the year ended December 31, 2025.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These condensed consolidated interim financial statements were authorized for issue by the Board of Directors on May 11, 2026.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84D_eifrs-full--DisclosureOfBasisOfConsolidationExplanatory_zyyDfJfvq4b1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_862_zytbDraFn3H4">Basis of consolidation</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Each subsidiary is fully consolidated from the date of acquisition, being the date on which the Company obtains control, and continues to be consolidated until the date when such control ceases.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89A_eifrs-full--DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory_zGUpxQGUJUG5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The condensed consolidated interim financial statements include the accounts and results of operations of the Company and its wholly owned subsidiaries listed in the following table:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B5_z9VJTxXpMos" style="display: none">SCHEDULE OF WHOLLY OWNED SUBSIDIARIES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Name of Subsidiary</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Place of Incorporation</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Ownership Interest</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 58%; text-align: left"><span id="xdx_90D_eifrs-full--NameOfSubsidiary_c20260101__20260331__dei--LegalEntityAxis__custom--DragonflyInnovationsIncMember_zit9w7KxTEy" title="Name of subsidiary">Draganfly Innovations Inc. (DII)</span></td><td style="width: 2%"> </td> <td style="width: 18%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_908_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20260101__20260331__dei--LegalEntityAxis__custom--DragonflyInnovationsIncMember_z9LVMOg6Oh0e" title="Country of incorporation of subsidiary">Canada</span></span></td><td style="width: 2%; text-align: left"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 18%; text-align: right"><span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20260101__20260331__dei--LegalEntityAxis__custom--DragonflyInnovationsIncMember_z4KCkRPTm1yj" title="Proportion of ownership interest in subsidiary">100</span></td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_902_eifrs-full--NameOfSubsidiary_c20260101__20260331__dei--LegalEntityAxis__custom--DragonflyInnovationsUSAIncMember_zGF9nTyprkAc" title="Name of subsidiary">Draganfly Innovations USA, Inc. (DI USA)</span></td><td> </td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20260101__20260331__dei--LegalEntityAxis__custom--DragonflyInnovationsUSAIncMember_zJmv6NZY6y6i" title="Country of incorporation of subsidiary">US</span></span></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20260101__20260331__dei--LegalEntityAxis__custom--DragonflyInnovationsUSAIncMember_z1ynEZNbtbKj" title="Proportion of ownership interest in subsidiary">100</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt"><span id="xdx_901_eifrs-full--NameOfSubsidiary_c20260101__20260331__dei--LegalEntityAxis__custom--DronelogicsSystemsIncMember_zowSvmpjmmU6" title="Name of subsidiary">Dronelogics Systems Inc. (“Dronelogics”)</span></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90D_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20260101__20260331__dei--LegalEntityAxis__custom--DronelogicsSystemsIncMember_zHZzti6v39Ck" title="Country of incorporation of subsidiary">Canada</span></span></td><td style="padding-bottom: 1pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20260101__20260331__dei--LegalEntityAxis__custom--DronelogicsSystemsIncMember_z7rlp9cq9mWd" title="Proportion of ownership interest in subsidiary">100</span></td><td style="padding-bottom: 1pt; text-align: left">%</td></tr> </table> <p id="xdx_8A1_zTxy7QatoEd4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">All intercompany balances and transactions were eliminated on consolidation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/110% Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2. BASIS OF PREPARATION (<i>CONTINUED</i>)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89A_eifrs-full--DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory_zGUpxQGUJUG5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The condensed consolidated interim financial statements include the accounts and results of operations of the Company and its wholly owned subsidiaries listed in the following table:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B5_z9VJTxXpMos" style="display: none">SCHEDULE OF WHOLLY OWNED SUBSIDIARIES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Name of Subsidiary</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Place of Incorporation</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Ownership Interest</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 58%; text-align: left"><span id="xdx_90D_eifrs-full--NameOfSubsidiary_c20260101__20260331__dei--LegalEntityAxis__custom--DragonflyInnovationsIncMember_zit9w7KxTEy" title="Name of subsidiary">Draganfly Innovations Inc. (DII)</span></td><td style="width: 2%"> </td> <td style="width: 18%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_908_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20260101__20260331__dei--LegalEntityAxis__custom--DragonflyInnovationsIncMember_z9LVMOg6Oh0e" title="Country of incorporation of subsidiary">Canada</span></span></td><td style="width: 2%; text-align: left"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 18%; text-align: right"><span id="xdx_901_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20260101__20260331__dei--LegalEntityAxis__custom--DragonflyInnovationsIncMember_z4KCkRPTm1yj" title="Proportion of ownership interest in subsidiary">100</span></td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_902_eifrs-full--NameOfSubsidiary_c20260101__20260331__dei--LegalEntityAxis__custom--DragonflyInnovationsUSAIncMember_zGF9nTyprkAc" title="Name of subsidiary">Draganfly Innovations USA, Inc. (DI USA)</span></td><td> </td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20260101__20260331__dei--LegalEntityAxis__custom--DragonflyInnovationsUSAIncMember_zJmv6NZY6y6i" title="Country of incorporation of subsidiary">US</span></span></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20260101__20260331__dei--LegalEntityAxis__custom--DragonflyInnovationsUSAIncMember_z1ynEZNbtbKj" title="Proportion of ownership interest in subsidiary">100</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt"><span id="xdx_901_eifrs-full--NameOfSubsidiary_c20260101__20260331__dei--LegalEntityAxis__custom--DronelogicsSystemsIncMember_zowSvmpjmmU6" title="Name of subsidiary">Dronelogics Systems Inc. (“Dronelogics”)</span></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90D_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20260101__20260331__dei--LegalEntityAxis__custom--DronelogicsSystemsIncMember_zHZzti6v39Ck" title="Country of incorporation of subsidiary">Canada</span></span></td><td style="padding-bottom: 1pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_908_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20260101__20260331__dei--LegalEntityAxis__custom--DronelogicsSystemsIncMember_z7rlp9cq9mWd" title="Proportion of ownership interest in subsidiary">100</span></td><td style="padding-bottom: 1pt; text-align: left">%</td></tr> </table> Draganfly Innovations Inc. (DII) Canada 1 Draganfly Innovations USA, Inc. (DI USA) US 1 Dronelogics Systems Inc. (“Dronelogics”) Canada 1 <p id="xdx_84B_eifrs-full--DescriptionOfAccountingPolicyForReclassificationOfFinancialInstrumentsExplanatory_zk68vtfSJYHf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_863_z7ynyZLvMiJ7">Reclassification</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain prior year amounts have been reclassified to conform to the fiscal 2026 presentation. Overall results were not impacted by the reclassification of items within the Operating Expenses of the Consolidated Statements of Comprehensive Loss. For the quarter ended March 31, 2025 the reclassified amounts were as follows:</span></p> <p id="xdx_89E_eifrs-full--DisclosureOfReclassificationOfFinancialInstrumentsExplanatory_zfMX3fm0EGjk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BC_zOu1ngTqXVCi" style="display: none">SCHEDULE OF RECLASSIFICATION</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: justify"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20250101__20250331__custom--ReclassificationAxis__custom--PreviouslyReportedMember_zYpjXroiaIGd" style="border-bottom: Black 1pt solid; text-align: right">Before</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20250101__20250331__custom--ReclassificationAxis__custom--ReclassificationAdjustmentMember_z1leRr6XdqAh" style="border-bottom: Black 1pt solid; text-align: center">Adjustment</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20250101__20250331_zOD6a6IhXN5j" style="border-bottom: Black 1pt solid; text-align: right">After</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; text-align: center">March 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Before</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Adjustment</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">After</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_406_eifrs-full--ProfessionalFeesExpense_zktOMvYZJ5w2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: justify">Professional fees</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">790,177</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">(375,057</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">415,120</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eifrs-full--MiscellaneousOtherOperatingExpense_zBOZE1jVF471" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Office and miscellaneous</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">537,689</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">166,830</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">704,519</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--EmployeeAndManagementExpenses_zW4X79YkH1Qj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1pt">Employee and management expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,641,319</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">208,227</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,849,546</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8AB_zOUqnIJHIMwk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Draganfly Inc.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Condensed Consolidated Interim Financial Statements</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the Three Months Ended March 31, 2026</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Expressed in Canadian Dollars (unaudited)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <div style="width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89E_eifrs-full--DisclosureOfReclassificationOfFinancialInstrumentsExplanatory_zfMX3fm0EGjk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BC_zOu1ngTqXVCi" style="display: none">SCHEDULE OF RECLASSIFICATION</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: justify"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20250101__20250331__custom--ReclassificationAxis__custom--PreviouslyReportedMember_zYpjXroiaIGd" style="border-bottom: Black 1pt solid; text-align: right">Before</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20250101__20250331__custom--ReclassificationAxis__custom--ReclassificationAdjustmentMember_z1leRr6XdqAh" style="border-bottom: Black 1pt solid; text-align: center">Adjustment</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20250101__20250331_zOD6a6IhXN5j" style="border-bottom: Black 1pt solid; text-align: right">After</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; text-align: center">March 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Before</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Adjustment</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">After</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_406_eifrs-full--ProfessionalFeesExpense_zktOMvYZJ5w2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: justify">Professional fees</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">790,177</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">(375,057</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">415,120</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eifrs-full--MiscellaneousOtherOperatingExpense_zBOZE1jVF471" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Office and miscellaneous</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">537,689</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">166,830</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">704,519</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--EmployeeAndManagementExpenses_zW4X79YkH1Qj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1pt">Employee and management expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,641,319</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">208,227</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,849,546</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 790177 -375057 415120 537689 166830 704519 1641319 208227 1849546 <p id="xdx_80D_ecustom--DisclosureOfMaterialAccountingPolicyInformationEstimatesAndJudgementsExplanatory_zt3Hrmo9ovK4" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>3.</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82D_zA3Y3K0IIYOi">MATERIAL ACCOUNTING POLICY INFORMATION, ESTIMATES, AND JUDGEMENTS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These condensed consolidated interim financial statements have been prepared following the same accounting principles and methods of computation as outlined in the Company’s consolidated financial statements for the year ended December 31, 2025. A description of the accounting standards and interpretations that have been adopted by the Company can be found in the notes of the annual consolidated financial statements for the year ended December 31, 2025.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the condensed consolidated interim financial statements requires management to make assumptions and estimates that affect the reported amounts of assets and liabilities at the date of the financial statements and reported amounts of income and expenses during the reporting period. These condensed consolidated interim financial statements include estimates, which by their nature, are uncertain. These assumptions and associated estimates are based on historical experience and other factors that are considered to be relevant. As such, actual results may differ from estimates and the effect of such differences may be material. Significant estimates and judgements used in the preparation of these condensed consolidated interim financial statements remained unchanged from those disclosed in the Company’s annual consolidated financial statements for the year ended December 31, 2025.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_80B_ecustom--DisclosureOfAmountsReceivableExplanatory_zInXXVviYp6e" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>4.</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_829_zhSNWTHogw5i">RECEIVABLES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span> </span></b></span></p> <p id="xdx_890_eifrs-full--DisclosureOfTradeAndOtherReceivablesExplanatory_zi3NMvLXJL91" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B6_zpgn56fKyLd7" style="display: none">SCHEDULE OF AMOUNTS RECEIVABLE</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">As at</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20260331_z9XUOqmlxjJ5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20251231_zS7zy6gpMvcl" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_401_eifrs-full--TradeReceivables_iI_pp0p0_maTAORzmqg_z4EtI5tMWNhf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Trade accounts receivable</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 14%; font-weight: bold; text-align: right">822,660</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">947,939</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_ecustom--SalesTaxReceivable_iI_pp0p0_maTAORzmqg_zzxd6Xzmv121" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Sales tax receivable</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">334,262</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">93,643</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--TradeAndOtherReceivables_iTI_mtTAORzmqg_z2sizH47Kyll" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Trade and other receivables, net</span><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,156,922</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,041,582</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8A2_zQjGnp367oif" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The average trade credit allowed on the sale of goods is between 30 and 60 days from the date of shipment. Sales that require deposits are typically agreed to in advance to mitigate the potential for default.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has recognized an allowance for doubtful trade receivables on accounts that are past due by more than 31 days based on best estimates of future expected credit losses and estimated irrecoverable amounts determined by reference to past experiences.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In determining the recoverability of a trade receivable, the Company considers any change in the credit quality of the trade receivable from the date credit was initially granted up to the end of the reporting year. The concentration of credit risk is limited due to the fact that the customer base is diversified. The provision for expected credit losses is as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_89D_ecustom--DisclosureOfProvisionForDoubtfulAccountsExplanatory_zyUm8618IADj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Provision for doubtful accounts</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span><span id="xdx_8BF_zoFYqyWdh8b5" style="display: none">SCHEDULE OF PROVISION FOR DOUBTFUL ACCOUNTS</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">Balance at December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_ecustom--ProvisionForDoubtfulAccountsReceivable_iS_c20250101__20251231_zX1lP0BuLdhc" style="width: 16%; text-align: right" title="Balance at beginning">(429,506</td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Additional amounts provided for during the year</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--ExpectedCreditLoss_iN_di_c20250101__20251231_zQzWPxgj469h" style="text-align: right" title="Additional amounts">(302,067</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Trade receivables written off during the year</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--TradeReceivablesWrittenOff_c20250101__20251231_zIXKU50Vkucl" style="text-align: right" title="Trade receivables written off">186,211</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Foreign exchange</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_ecustom--ForeignExchange_c20250101__20251231_z10XlqQ27GB6" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign exchange">6,933</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2025</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_984_ecustom--ProvisionForDoubtfulAccountsReceivable_iS_c20260101__20260331_zPFii7svmf3a" style="font-weight: bold; text-align: right" title="Balance at beginning">(538,429</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Additional amounts provided for during the period</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--ExpectedCreditLoss_iN_di_c20260101__20260331_zdfCsTCr71B1" style="text-align: right" title="Additional amounts">(15,217</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Foreign exchange</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_ecustom--ForeignExchange_c20260101__20260331_zQ1uYBdoXttd" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign exchange">(2,802</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Balance at March 31, 2026</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_ecustom--ProvisionForDoubtfulAccountsReceivable_iE_c20260101__20260331_zREA3xqdeH91" style="border-bottom: Black 1pt solid; text-align: right" title="Balance at ending">(556,448</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> </table> <p id="xdx_8A6_z66pYbmBshWl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the three months ended March 31, 2026, the Company recorded a provision for doubtful accounts of $<span id="xdx_90B_ecustom--ExpectedCreditLoss_c20260101__20260331_z1RZygvcmMV4" title="Expected credit loss">15,217</span> (2025 – $<span id="xdx_90D_ecustom--ExpectedCreditLoss_c20250101__20250331_zRMkVntztPd2" title="Expected credit loss">26,703</span>).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Draganfly Inc.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Condensed Consolidated Interim Financial Statements</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the Three Months Ended March 31, 2026</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Expressed in Canadian Dollars (unaudited)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <div style="width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>4. RECEIVABLES (<i>CONTINUED</i>)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company assumes that the credit risk on a financial asset has increased if it is outstanding beyond the agreed payment terms. The Company considers a receivable to be in default when the customer is unlikely to pay its obligations to the Company in full. The carrying amount of a receivable is written off (either partially or in full) to the extent that there is no realistic prospect of recovery.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indicators that there is no reasonable expectation of recovery include, amongst others, business failure, the failure of a debtor to engage in a repayment plan, and a failure to make contractual payments over the negotiated contract period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_890_eifrs-full--DisclosureOfTradeAndOtherReceivablesExplanatory_zi3NMvLXJL91" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B6_zpgn56fKyLd7" style="display: none">SCHEDULE OF AMOUNTS RECEIVABLE</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">As at</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20260331_z9XUOqmlxjJ5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20251231_zS7zy6gpMvcl" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_401_eifrs-full--TradeReceivables_iI_pp0p0_maTAORzmqg_z4EtI5tMWNhf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Trade accounts receivable</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 14%; font-weight: bold; text-align: right">822,660</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">947,939</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_ecustom--SalesTaxReceivable_iI_pp0p0_maTAORzmqg_zzxd6Xzmv121" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Sales tax receivable</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">334,262</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">93,643</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--TradeAndOtherReceivables_iTI_mtTAORzmqg_z2sizH47Kyll" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Trade and other receivables, net</span><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,156,922</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,041,582</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 822660 947939 334262 93643 1156922 1041582 <p id="xdx_89D_ecustom--DisclosureOfProvisionForDoubtfulAccountsExplanatory_zyUm8618IADj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Provision for doubtful accounts</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span><span id="xdx_8BF_zoFYqyWdh8b5" style="display: none">SCHEDULE OF PROVISION FOR DOUBTFUL ACCOUNTS</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">Balance at December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_ecustom--ProvisionForDoubtfulAccountsReceivable_iS_c20250101__20251231_zX1lP0BuLdhc" style="width: 16%; text-align: right" title="Balance at beginning">(429,506</td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Additional amounts provided for during the year</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--ExpectedCreditLoss_iN_di_c20250101__20251231_zQzWPxgj469h" style="text-align: right" title="Additional amounts">(302,067</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Trade receivables written off during the year</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--TradeReceivablesWrittenOff_c20250101__20251231_zIXKU50Vkucl" style="text-align: right" title="Trade receivables written off">186,211</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Foreign exchange</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_ecustom--ForeignExchange_c20250101__20251231_z10XlqQ27GB6" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign exchange">6,933</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2025</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_984_ecustom--ProvisionForDoubtfulAccountsReceivable_iS_c20260101__20260331_zPFii7svmf3a" style="font-weight: bold; text-align: right" title="Balance at beginning">(538,429</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Additional amounts provided for during the period</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--ExpectedCreditLoss_iN_di_c20260101__20260331_zdfCsTCr71B1" style="text-align: right" title="Additional amounts">(15,217</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Foreign exchange</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_ecustom--ForeignExchange_c20260101__20260331_zQ1uYBdoXttd" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign exchange">(2,802</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Balance at March 31, 2026</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_ecustom--ProvisionForDoubtfulAccountsReceivable_iE_c20260101__20260331_zREA3xqdeH91" style="border-bottom: Black 1pt solid; text-align: right" title="Balance at ending">(556,448</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> </table> -429506 302067 186211 6933 -538429 15217 -2802 -556448 15217 26703 <p id="xdx_804_eifrs-full--DisclosureOfInventoriesExplanatory_zKBC11rqc6O1" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>5.</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82F_zXwb275Gqll5">INVENTORY</span></b></span></p> <p id="xdx_895_ecustom--DisclosureOfInventoriesInformationExplanatory_zo1JvcduxCIl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span><span id="xdx_8BE_zJyeyiMfBZL3" style="display: none">SCHEDULE OF INVENTORIES</span><b> </b></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">As at</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20260331_zTIHKcHIMUK6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_494_20251231_zNHugZ5MoM9d" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40E_eifrs-full--FinishedGoods_iI_maIznKa_zIgjHC7OSZwj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Finished goods</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 14%; font-weight: bold; text-align: right">5,351,788</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">2,233,225</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--WorkInProgress_iI_maIznKa_zfvmSsRcpqDi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Work in process</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">97,476</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">107,287</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eifrs-full--RawMaterials_iI_maIznKa_zxziMUOW0ik8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Raw materials</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,262,548</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,562,627</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--Inventories_iTI_mtIznKa_zkGsdf95sFb7" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Inventories</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">7,711,812</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">3,903,139</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8AD_z6YRAIuJRrHb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the three months ended March 31, 2026, $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIElOVkVOVE9SWSAoRGV0YWlscyBOYXJyYXRpdmUpAA__" id="xdx_90B_eifrs-full--CostOfSales_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--InventoryMember_ztgAJeQNB4F4" title="Cost of sales">1,833,250</span> (2025 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIElOVkVOVE9SWSAoRGV0YWlscyBOYXJyYXRpdmUpAA__" id="xdx_901_eifrs-full--CostOfSales_c20250101__20250331__ifrs-full--ProductsAndServicesAxis__custom--InventoryMember_zkCzOgKcPzR2" title="Cost of sales">1,071,164</span>) of inventory was recognized in cost of sales including an allowance for obsolete and slow-moving inventory of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIElOVkVOVE9SWSAoRGV0YWlscyBOYXJyYXRpdmUpAA__" id="xdx_901_eifrs-full--ReversalOfInventoryWritedown_c20260101__20260331_zu4gdwOK2lS2" title="Reserve inventory write down">105,840</span> (2025 – recovery of allowance for obsolete and slow-moving inventory$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIElOVkVOVE9SWSAoRGV0YWlscyBOYXJyYXRpdmUpAA__" id="xdx_90A_eifrs-full--ReversalOfInventoryWritedown_c20250101__20250331_zlcqlAlXoGGi" title="Reserve inventory write down">38,666</span>).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_89A_eifrs-full--DisclosureOfCostOfSalesExplanatory_zm5QesV1gC3k" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cost of sales consist of the following:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B9_z7GZJWi8g9M8" style="display: none">SCHEDULE OF COST OF SALES</span></span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">For the three months ended</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20260101__20260331_zWC55Asp6RXg" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20250101__20250331_ziX4epSVhuZ" style="border-bottom: Black 1pt solid; text-align: right">March 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40C_eifrs-full--CostOfInventoriesRecognisedAsExpenseDuringPeriod_maCOSzMEq_zTSExH87cxd1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%">Inventory</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 14%; font-weight: bold; text-align: right">1,833,250</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">1,071,164</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_ecustom--ConsultingAndServices_maCOSzMEq_zGZJtFtglwab" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Consulting and services</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">34,357</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,389</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--OtherCostOfSales_maCOSzMEq_z0BBsyeeKMQ6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Other</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">96,985</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">142,074</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eifrs-full--CostOfSales_iT_mtCOSzMEq_zvB1z8xzkqIl" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Cost of sales</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,964,592</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,237,627</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8A7_zKQIfGoXn2B1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_895_ecustom--DisclosureOfInventoriesInformationExplanatory_zo1JvcduxCIl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span><span id="xdx_8BE_zJyeyiMfBZL3" style="display: none">SCHEDULE OF INVENTORIES</span><b> </b></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">As at</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20260331_zTIHKcHIMUK6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_494_20251231_zNHugZ5MoM9d" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40E_eifrs-full--FinishedGoods_iI_maIznKa_zIgjHC7OSZwj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Finished goods</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 14%; font-weight: bold; text-align: right">5,351,788</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">2,233,225</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--WorkInProgress_iI_maIznKa_zfvmSsRcpqDi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Work in process</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">97,476</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">107,287</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eifrs-full--RawMaterials_iI_maIznKa_zxziMUOW0ik8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Raw materials</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,262,548</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,562,627</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--Inventories_iTI_mtIznKa_zkGsdf95sFb7" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Inventories</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">7,711,812</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">3,903,139</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 5351788 2233225 97476 107287 2262548 1562627 7711812 3903139 1833250 1071164 105840 38666 <p id="xdx_89A_eifrs-full--DisclosureOfCostOfSalesExplanatory_zm5QesV1gC3k" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cost of sales consist of the following:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B9_z7GZJWi8g9M8" style="display: none">SCHEDULE OF COST OF SALES</span></span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">For the three months ended</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20260101__20260331_zWC55Asp6RXg" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20250101__20250331_ziX4epSVhuZ" style="border-bottom: Black 1pt solid; text-align: right">March 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40C_eifrs-full--CostOfInventoriesRecognisedAsExpenseDuringPeriod_maCOSzMEq_zTSExH87cxd1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%">Inventory</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 14%; font-weight: bold; text-align: right">1,833,250</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">1,071,164</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_ecustom--ConsultingAndServices_maCOSzMEq_zGZJtFtglwab" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Consulting and services</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">34,357</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,389</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--OtherCostOfSales_maCOSzMEq_z0BBsyeeKMQ6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Other</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">96,985</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">142,074</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eifrs-full--CostOfSales_iT_mtCOSzMEq_zvB1z8xzkqIl" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Cost of sales</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,964,592</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,237,627</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 1833250 1071164 34357 24389 96985 142074 1964592 1237627 <p id="xdx_80B_eifrs-full--DisclosureOfPrepaymentsAndOtherAssetsExplanatory_zCcZqBIYycdk" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>6.</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_820_zkwCBNcb91al">PREPAIDS AND DEPOSITS</span></b></span></p> <p id="xdx_892_ecustom--DisclosureOfPrepaidExpensesAndDepositsExplanatory_zoNTZNoTcQUb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BF_zn2Et7ZwxqHj" style="display: none">SCHEDULE OF PREPAID EXPENSES AND DEPOSITS</span></span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">As at</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20260331_zC7G1NnyoGpa" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20251231_zbp3OxZHf9ri" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_408_ecustom--CurrentInsuranceExpenses_iI_pp0p0_maCPEzQCZ_zckQBrysvZkg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%">Insurance</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 14%; font-weight: bold; text-align: right">315,281</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">526,555</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--CurrentOtherPrepaidExpenses_iI_pp0p0_maCPEzQCZ_zeVEj3bmNkeh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Prepaid other</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">487,956</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">214,493</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--CurrentDeposits_iI_pp0p0_maCPEzQCZ_zN8weif08dCg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Deposits</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,553,219</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,016,052</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--CurrentPrepaidExpenses_iTI_pp0p0_mtCPEzQCZ_zSUFfVFefJea" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Prepaid expenses and deposits</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,356,456</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">4,757,100</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8A1_zV1AHZSqKqNi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Draganfly Inc.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Condensed Consolidated Interim Financial Statements</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the Three Months Ended March 31, 2026</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Expressed in Canadian Dollars (unaudited)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <div style="width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_892_ecustom--DisclosureOfPrepaidExpensesAndDepositsExplanatory_zoNTZNoTcQUb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BF_zn2Et7ZwxqHj" style="display: none">SCHEDULE OF PREPAID EXPENSES AND DEPOSITS</span></span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">As at</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20260331_zC7G1NnyoGpa" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20251231_zbp3OxZHf9ri" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_408_ecustom--CurrentInsuranceExpenses_iI_pp0p0_maCPEzQCZ_zckQBrysvZkg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%">Insurance</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 14%; font-weight: bold; text-align: right">315,281</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">526,555</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--CurrentOtherPrepaidExpenses_iI_pp0p0_maCPEzQCZ_zeVEj3bmNkeh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Prepaid other</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">487,956</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">214,493</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--CurrentDeposits_iI_pp0p0_maCPEzQCZ_zN8weif08dCg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Deposits</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,553,219</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,016,052</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--CurrentPrepaidExpenses_iTI_pp0p0_mtCPEzQCZ_zSUFfVFefJea" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Prepaid expenses and deposits</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,356,456</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">4,757,100</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 315281 526555 487956 214493 2553219 4016052 3356456 4757100 <p id="xdx_804_eifrs-full--DisclosureOfPropertyPlantAndEquipmentExplanatory_zgvf5aFXrVB" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>7.</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_821_zasE51zbieMi">EQUIPMENT</span></b></span></p> <p id="xdx_898_eifrs-full--DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_zp8S3xTeeyLk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> <span id="xdx_8B2_zu6PEr847EI6" style="display: none">SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT</span></b></span></b></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4B1_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--ComputerEquipmentMember_zaGN6jbKtaRl" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Computer Equipment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4BF_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_custom--FurnitureAndEquipmentMember_zbB76yDKkBi8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Furniture and Equipment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4B9_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--LeaseholdImprovementsMember_z6hDsms9x4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Leasehold Improvements</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4BB_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--VehiclesMember_zeipp5wuvMLf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Vehicles</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4BE_zPH01VUf9nUh" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_432_c20250101__20251231_ecustom--PropertyPlantAndEquipmentCost_iS_za6RkrH4WQTe" style="vertical-align: bottom; background-color: White"> <td style="width: 35%">Balance at December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">130,328</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">997,416</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">88,889</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">60,343</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">1,276,976</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_zBVf3Qz4JCCd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">62,145</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">908,221</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,300</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0771">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">971,666</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--DisposalsPropertyPlantAndEquipment_iN_di_zi1eXBPayOId" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1pt">Disposals</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(28,031</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(135,046</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(38,266</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0777">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(201,343</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_43D_c20260101__20260331_ecustom--PropertyPlantAndEquipmentCost_iS_zr47kPoriYbc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">164,442</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,770,591</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">51,923</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,343</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,047,299</td><td style="text-align: left"> </td></tr> <tr id="xdx_435_c20260101__20260331_ecustom--PropertyPlantAndEquipmentCost_iS_zQQk3vWAWOoa" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Property, plant and equipment, beginning balance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">164,442</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,770,591</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">51,923</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,343</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,047,299</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_zXjifG7xObra" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Additions</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">33,523</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">188,420</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0794">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0795">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">221,943</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--DisposalsPropertyPlantAndEquipment_iN_di_zmCUJA6xkpAj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Disposals</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0798">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(131,832</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0800">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0801">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(131,832</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_406_ecustom--ForeignExchangeCost_zmsy9MTzM2jl" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Foreign exchange</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">73</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">9,744</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0806">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0807">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">9,817</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43E_c20260101__20260331_ecustom--PropertyPlantAndEquipmentCost_iE_zqRTKy3E5PQ6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at March 31, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">198,038</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,836,923</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">51,923</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">60,343</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,147,227</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_439_c20260101__20260331_ecustom--PropertyPlantAndEquipmentCost_iE_zZBF4kxuLWY1" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Property, plant and equipment, ending balance</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">198,038</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,836,923</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">51,923</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">60,343</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,147,227</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Accumulated depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43C_c20250101__20251231_ecustom--AccumulateddepreciationPropertyPlantAndEquipment_iS_zl0JEx5Krpri" style="vertical-align: bottom; background-color: White"> <td>Balance at December 31, 2024</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">92,676</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">591,603</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">24,635</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">38,520</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">747,434</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--PropertyServiceChargeIncomeExpense_zJo9TD62VMlf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Charge for the year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">41,903</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">205,491</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,568</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,546</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">266,508</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--AccumulateddepreciationOfDisposalOfPropertyPlantAndEquipment_iN_di_zoVGuNHn4qR3" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1pt">Disposals</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(24,246</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(121,765</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(12,706</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0837">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(158,717</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_43D_c20260101__20260331_ecustom--AccumulateddepreciationPropertyPlantAndEquipment_iS_zV9Scms16Q1d" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">110,333</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">675,329</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,497</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">45,066</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">855,225</td><td style="text-align: left"> </td></tr> <tr id="xdx_439_c20260101__20260331_ecustom--AccumulateddepreciationPropertyPlantAndEquipment_iS_zFr4NNFPO8Fi" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Accumulated depreciation, beginning balance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">110,333</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">675,329</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,497</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">45,066</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">855,225</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--PropertyServiceChargeIncomeExpense_zRraIpbyV3C1" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Charge for the period</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">10,152</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">83,880</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,771</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,146</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">97,949</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--AccumulateddepreciationOfDisposalOfPropertyPlantAndEquipment_iN_di_zSZescGE1Rkd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Disposals</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0858">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(120,533</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0860">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0861">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(120,533</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_40D_ecustom--ForeignExchangeAccumulatedDepreciation_zu2eZkVe8Edd" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Foreign exchange</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">489</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0866">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0867">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">494</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43F_c20260101__20260331_ecustom--AccumulateddepreciationPropertyPlantAndEquipment_iE_zRFmqT5mFBV4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at March 31, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">120,490</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">639,165</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">27,268</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">46,212</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">833,135</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43A_c20260101__20260331_ecustom--AccumulateddepreciationPropertyPlantAndEquipment_iE_zy3Fvm73bZVj" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Accumulated depreciation, ending balance</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">120,490</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">639,165</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">27,268</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">46,212</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">833,135</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Net book value:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43F_c20250101__20251231_eifrs-full--PropertyPlantAndEquipment_iE_zThZPBszxd76" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">December 31, 2025</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">54,109</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,095,262</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">27,426</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">15,277</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,192,074</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_435_c20260101__20260331_eifrs-full--PropertyPlantAndEquipment_iE_z0WOxInGeCL" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">March 31, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">77,548</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,197,758</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">24,655</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">14,131</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,314,092</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A3_z8gLbltCMNy9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Depreciation commences when assets are available for use. Depreciation expense for the quarter ended March 31, 2026 in the amount of $<span id="xdx_90D_eifrs-full--DepreciationExpense_c20260101__20260331__ifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssetsAxis__ifrs-full--PropertyPlantAndEquipmentMember_zwHaW7RjVXNc" title="Depreciation expense">2,317</span> (2025 - $<span id="xdx_907_eifrs-full--DepreciationExpense_c20250101__20250331__ifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssetsAxis__ifrs-full--PropertyPlantAndEquipmentMember_zOQ1Dx9fDvm7" title="Depreciation expense">31,895</span>) is included in the cost of sales.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_898_eifrs-full--DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_zp8S3xTeeyLk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> <span id="xdx_8B2_zu6PEr847EI6" style="display: none">SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT</span></b></span></b></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4B1_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--ComputerEquipmentMember_zaGN6jbKtaRl" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Computer Equipment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4BF_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_custom--FurnitureAndEquipmentMember_zbB76yDKkBi8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Furniture and Equipment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4B9_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--LeaseholdImprovementsMember_z6hDsms9x4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Leasehold Improvements</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4BB_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--VehiclesMember_zeipp5wuvMLf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Vehicles</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4BE_zPH01VUf9nUh" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_432_c20250101__20251231_ecustom--PropertyPlantAndEquipmentCost_iS_za6RkrH4WQTe" style="vertical-align: bottom; background-color: White"> <td style="width: 35%">Balance at December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">130,328</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">997,416</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">88,889</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">60,343</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">1,276,976</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_zBVf3Qz4JCCd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">62,145</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">908,221</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,300</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0771">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">971,666</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--DisposalsPropertyPlantAndEquipment_iN_di_zi1eXBPayOId" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1pt">Disposals</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(28,031</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(135,046</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(38,266</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0777">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(201,343</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_43D_c20260101__20260331_ecustom--PropertyPlantAndEquipmentCost_iS_zr47kPoriYbc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">164,442</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,770,591</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">51,923</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,343</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,047,299</td><td style="text-align: left"> </td></tr> <tr id="xdx_435_c20260101__20260331_ecustom--PropertyPlantAndEquipmentCost_iS_zQQk3vWAWOoa" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Property, plant and equipment, beginning balance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">164,442</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,770,591</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">51,923</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,343</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,047,299</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_zXjifG7xObra" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Additions</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">33,523</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">188,420</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0794">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0795">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">221,943</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--DisposalsPropertyPlantAndEquipment_iN_di_zmCUJA6xkpAj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Disposals</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0798">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(131,832</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0800">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0801">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(131,832</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_406_ecustom--ForeignExchangeCost_zmsy9MTzM2jl" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Foreign exchange</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">73</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">9,744</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0806">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0807">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">9,817</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43E_c20260101__20260331_ecustom--PropertyPlantAndEquipmentCost_iE_zqRTKy3E5PQ6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at March 31, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">198,038</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,836,923</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">51,923</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">60,343</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,147,227</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_439_c20260101__20260331_ecustom--PropertyPlantAndEquipmentCost_iE_zZBF4kxuLWY1" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Property, plant and equipment, ending balance</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">198,038</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,836,923</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">51,923</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">60,343</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,147,227</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Accumulated depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43C_c20250101__20251231_ecustom--AccumulateddepreciationPropertyPlantAndEquipment_iS_zl0JEx5Krpri" style="vertical-align: bottom; background-color: White"> <td>Balance at December 31, 2024</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">92,676</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">591,603</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">24,635</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">38,520</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">747,434</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--PropertyServiceChargeIncomeExpense_zJo9TD62VMlf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Charge for the year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">41,903</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">205,491</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,568</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,546</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">266,508</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--AccumulateddepreciationOfDisposalOfPropertyPlantAndEquipment_iN_di_zoVGuNHn4qR3" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1pt">Disposals</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(24,246</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(121,765</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(12,706</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0837">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(158,717</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_43D_c20260101__20260331_ecustom--AccumulateddepreciationPropertyPlantAndEquipment_iS_zV9Scms16Q1d" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">110,333</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">675,329</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,497</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">45,066</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">855,225</td><td style="text-align: left"> </td></tr> <tr id="xdx_439_c20260101__20260331_ecustom--AccumulateddepreciationPropertyPlantAndEquipment_iS_zFr4NNFPO8Fi" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Accumulated depreciation, beginning balance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">110,333</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">675,329</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,497</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">45,066</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">855,225</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--PropertyServiceChargeIncomeExpense_zRraIpbyV3C1" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Charge for the period</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">10,152</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">83,880</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,771</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,146</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">97,949</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--AccumulateddepreciationOfDisposalOfPropertyPlantAndEquipment_iN_di_zSZescGE1Rkd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Disposals</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0858">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(120,533</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0860">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0861">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(120,533</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_40D_ecustom--ForeignExchangeAccumulatedDepreciation_zu2eZkVe8Edd" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Foreign exchange</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">489</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0866">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0867">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">494</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43F_c20260101__20260331_ecustom--AccumulateddepreciationPropertyPlantAndEquipment_iE_zRFmqT5mFBV4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at March 31, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">120,490</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">639,165</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">27,268</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">46,212</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">833,135</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43A_c20260101__20260331_ecustom--AccumulateddepreciationPropertyPlantAndEquipment_iE_zy3Fvm73bZVj" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Accumulated depreciation, ending balance</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">120,490</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">639,165</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">27,268</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">46,212</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">833,135</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Net book value:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43F_c20250101__20251231_eifrs-full--PropertyPlantAndEquipment_iE_zThZPBszxd76" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">December 31, 2025</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">54,109</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,095,262</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">27,426</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">15,277</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,192,074</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_435_c20260101__20260331_eifrs-full--PropertyPlantAndEquipment_iE_z0WOxInGeCL" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">March 31, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">77,548</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,197,758</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">24,655</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">14,131</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,314,092</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> 130328 997416 88889 60343 1276976 62145 908221 1300 971666 28031 135046 38266 201343 164442 1770591 51923 60343 2047299 164442 1770591 51923 60343 2047299 33523 188420 221943 131832 131832 73 9744 9817 198038 1836923 51923 60343 2147227 198038 1836923 51923 60343 2147227 92676 591603 24635 38520 747434 41903 205491 12568 6546 266508 24246 121765 12706 158717 110333 675329 24497 45066 855225 110333 675329 24497 45066 855225 10152 83880 2771 1146 97949 120533 120533 5 489 494 120490 639165 27268 46212 833135 120490 639165 27268 46212 833135 54109 1095262 27426 15277 1192074 77548 1197758 24655 14131 1314092 2317 31895 <p id="xdx_805_eifrs-full--DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory_zHAfot8HG1Mg" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>8.</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82E_z3P926H1VoT3">RIGHT OF USE ASSETS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p id="xdx_89A_ecustom--DisclosureOfDetailedInformationAboutOfRightOfUseAssets_zj0Jm3BEqXZb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has three leases with expiration dates of May 31, 2026, January 31, 2027, and September 30, 2028.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B7_z6zanpdQ61Ta" style="display: none">SCHEDULE OF RIGHT OF USE ASSETS</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 80%; padding-bottom: 1pt">Balance at December 31, 2025 and March 31, 2026</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_980_eifrs-full--RightofuseAssetsRevaluedAssetsAtCost_iS_c20260101__20260331_zG9ovFfgvqE1" style="border-bottom: Black 1pt solid; width: 16%; text-align: right" title="Right of use assets, Cost, Balance">1,455,039</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Accumulated depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2024</td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_ecustom--RightofuseAssetsAccumulatedAmortization_iS_c20250101__20251231_zkNaWxsnbJpe" style="text-align: right" title="Right of use assets, Accumulated depreciation, Balance">1,082,695</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">  Charge for the year</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--DepreciationRightofuseAssets_c20250101__20251231_zYr8Qh0rwoi3" style="border-bottom: Black 1pt solid; text-align: right" title="Accumulated depreciation, Charge for the year">142,728</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2025</td><td> </td> <td style="text-align: left">$</td><td id="xdx_982_ecustom--RightofuseAssetsAccumulatedAmortization_iS_c20260101__20260331_zQOUb3OcjNyf" style="text-align: right" title="Right of use assets, Accumulated depreciation, Balance">1,225,423</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">  Charge for the period</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_985_eifrs-full--DepreciationRightofuseAssets_c20260101__20260331_zpDGI2irz8Ud" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Accumulated depreciation, Charge for the year">35,681</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at March 31, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_98A_ecustom--RightofuseAssetsAccumulatedAmortization_iE_c20260101__20260331_zPQ5cToKSaw" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Right of use assets, Accumulated depreciation, Balance">1,261,104</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Net book value:</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">December 31, 2025</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_980_eifrs-full--RightofuseAssets_iI_c20251231_zSo79B4F7Klc" style="border-bottom: Black 1pt solid; text-align: right" title="Right of use assets">229,616</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">March 31, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_982_eifrs-full--RightofuseAssets_iI_c20260331_zdtJHBzT5lWc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Right of use assets">193,935</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8AD_z100GFNf1xuc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Draganfly Inc.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Condensed Consolidated Interim Financial Statements</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the Three Months Ended March 31, 2026</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Expressed in Canadian Dollars (unaudited)</b></span></p> <div style="width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>8. RIGHT OF USE ASSET (<i>CONTINUED</i>)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Depreciation expense for the period ended March 31, 2026 in the amount of $<span id="xdx_904_eifrs-full--DepreciationExpense_c20260101__20260331__ifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssetsAxis__ifrs-full--RightofuseAssetsMember_zdvr4dzNbiA9" title="Depreciation expense">586</span> (2025 - $<span id="xdx_904_eifrs-full--DepreciationExpense_dxL_c20250101__20250331__ifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssetsAxis__ifrs-full--RightofuseAssetsMember_zubd50tipUI7" title="Depreciation expense::XDX::-"><span style="-sec-ix-hidden: xdx2ixbrl0920">nil</span></span>) is included in the cost of sales.</span></p> <p id="xdx_898_ecustom--DisclosureOfDetailedInformationAboutOfRightOfUseAssetsRelatedToLeases_ze8zpjS0vif6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B8_zdZ4Ts4aioWh" style="display: none">SCHEDULE OF RIGHT OF USE ASSETS RELATED TO LEASES</span></span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20260331_zE0VbZmvw2hd" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20251231_zf91QB4XmNde" style="border-bottom: Black 1pt solid; text-align: right">December 31,2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_401_eifrs-full--RightofuseAssets_iI_hifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zLwX5pfi643i" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: justify; padding-bottom: 1pt">Buildings</td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 16%; font-weight: bold; text-align: right">193,935</td><td style="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">229,616</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8A4_zn3NqLb3AQok" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89A_ecustom--DisclosureOfDetailedInformationAboutOfRightOfUseAssets_zj0Jm3BEqXZb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has three leases with expiration dates of May 31, 2026, January 31, 2027, and September 30, 2028.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B7_z6zanpdQ61Ta" style="display: none">SCHEDULE OF RIGHT OF USE ASSETS</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 80%; padding-bottom: 1pt">Balance at December 31, 2025 and March 31, 2026</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_980_eifrs-full--RightofuseAssetsRevaluedAssetsAtCost_iS_c20260101__20260331_zG9ovFfgvqE1" style="border-bottom: Black 1pt solid; width: 16%; text-align: right" title="Right of use assets, Cost, Balance">1,455,039</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Accumulated depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2024</td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_ecustom--RightofuseAssetsAccumulatedAmortization_iS_c20250101__20251231_zkNaWxsnbJpe" style="text-align: right" title="Right of use assets, Accumulated depreciation, Balance">1,082,695</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">  Charge for the year</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--DepreciationRightofuseAssets_c20250101__20251231_zYr8Qh0rwoi3" style="border-bottom: Black 1pt solid; text-align: right" title="Accumulated depreciation, Charge for the year">142,728</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance at December 31, 2025</td><td> </td> <td style="text-align: left">$</td><td id="xdx_982_ecustom--RightofuseAssetsAccumulatedAmortization_iS_c20260101__20260331_zQOUb3OcjNyf" style="text-align: right" title="Right of use assets, Accumulated depreciation, Balance">1,225,423</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">  Charge for the period</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_985_eifrs-full--DepreciationRightofuseAssets_c20260101__20260331_zpDGI2irz8Ud" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Accumulated depreciation, Charge for the year">35,681</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at March 31, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_98A_ecustom--RightofuseAssetsAccumulatedAmortization_iE_c20260101__20260331_zPQ5cToKSaw" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Right of use assets, Accumulated depreciation, Balance">1,261,104</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Net book value:</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">December 31, 2025</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_980_eifrs-full--RightofuseAssets_iI_c20251231_zSo79B4F7Klc" style="border-bottom: Black 1pt solid; text-align: right" title="Right of use assets">229,616</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">March 31, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_982_eifrs-full--RightofuseAssets_iI_c20260331_zdtJHBzT5lWc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Right of use assets">193,935</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> 1455039 1082695 142728 1225423 35681 1261104 229616 193935 586 <p id="xdx_898_ecustom--DisclosureOfDetailedInformationAboutOfRightOfUseAssetsRelatedToLeases_ze8zpjS0vif6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B8_zdZ4Ts4aioWh" style="display: none">SCHEDULE OF RIGHT OF USE ASSETS RELATED TO LEASES</span></span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20260331_zE0VbZmvw2hd" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20251231_zf91QB4XmNde" style="border-bottom: Black 1pt solid; text-align: right">December 31,2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_401_eifrs-full--RightofuseAssets_iI_hifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zLwX5pfi643i" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: justify; padding-bottom: 1pt">Buildings</td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 16%; font-weight: bold; text-align: right">193,935</td><td style="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">229,616</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> </table> 193935 229616 <p id="xdx_80B_eifrs-full--DisclosureOfLeasesExplanatory_z9FecntvirUi" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>9.</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82E_zh7YHyOdRoma">LEASE LIABILITIES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company leases certain assets under lease agreements. The lease liabilities consist of leases of facilities and vehicles with terms ranging from one to five years. The leases are calculated using incremental borrowing rates ranging from <span id="xdx_905_eifrs-full--WeightedAverageLesseesIncrementalBorrowingRateAppliedToLeaseLiabilitiesRecognisedAtDateOfInitialApplicationOfIFRS16_iI_pid_dp_uPure_c20260331__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zlLuyVNKW078">11.7</span>% to <span id="xdx_902_eifrs-full--WeightedAverageLesseesIncrementalBorrowingRateAppliedToLeaseLiabilitiesRecognisedAtDateOfInitialApplicationOfIFRS16_iI_pid_dp_uPure_c20260331__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zt8SSGZcWdk5" title="Weighted average lessee's incremental borrowing rate applied to lease">13.3</span>%.</span></p> <p id="xdx_896_ecustom--DisclosureOfDetailedInformationAboutOperatingLeaseLiabilitiesExplanatory_zx85krxoMJo6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B8_z6Pqt1VhBxP6" style="display: none">SCHEDULE OF OPERATING LEASE LIABILITIES</span></span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">Balance at December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eifrs-full--LeaseLiabilities_iS_pp0p0_c20250101__20251231_zmjievwOfmHb" style="width: 16%; text-align: right" title="Balance - Beginning of period">428,021</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--InterestExpenseOnLeaseLiabilities_pp0p0_c20250101__20251231_zCtgFKOzmJmf" style="text-align: right" title="Interest expense">36,711</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Lease payments</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_iN_pp0p0_di_c20250101__20251231_zpRpmh2zVeEf" style="border-bottom: Black 1pt solid; text-align: right" title="Lease Payments">(190,857</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Balance at December 31, 2025</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--LeaseLiabilities_iS_pp0p0_c20260101__20260331_zl7IPzI1NNV" style="text-align: right" title="Balance - Beginning of period">273,875</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Interest expense</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_985_eifrs-full--InterestExpenseOnLeaseLiabilities_pp0p0_c20260101__20260331_zmp85OZqA7Ki" style="font-weight: bold; text-align: right" title="Interest expense">6,742</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Lease payments</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_984_eifrs-full--PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_iN_pp0p0_di_c20260101__20260331_zqienrDMofe6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Lease Payments">(47,714</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at March 31, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_989_eifrs-full--LeaseLiabilities_iE_pp0p0_c20260101__20260331_zK8jWA0K7IC4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Balance - Ending of period">232,903</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Which consists of:</p> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; width: 60%"> </td><td style="font-weight: bold; padding-bottom: 1pt; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; width: 1%"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 16%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>March 31, 2026</b></span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left; width: 1%"> </td><td style="padding-bottom: 1pt; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; text-align: left; width: 1%"> </td><td style="border-bottom: Black 1pt solid; text-align: right; width: 16%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">December 31, 2025</span></td><td style="padding-bottom: 1pt; text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Current lease liability</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_98C_eifrs-full--CurrentLeaseLiabilities_iI_pp0p0_c20260331_zfnkk0kPeqt2" style="font-weight: bold; text-align: right" title="Current lease liabilities">125,926</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98A_eifrs-full--CurrentLeaseLiabilities_iI_pp0p0_c20251231_zbPycg48rhU1" style="text-align: right" title="Current lease liabilities">143,624</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Non-current lease liability</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_984_eifrs-full--NoncurrentLeaseLiabilities_iI_pp0p0_c20260331_zmqlo0lFupsh" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Non-current lease liabilities">106,977</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eifrs-full--NoncurrentLeaseLiabilities_iI_pp0p0_c20251231_zF2Ea1UyLDid" style="border-bottom: Black 1pt solid; text-align: right" title="Non-current lease liabilities">130,251</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_98E_eifrs-full--LeaseLiabilities_iI_pp0p0_c20260331_zmj21p66p3Dk" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Lease liabilities">232,903</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98F_eifrs-full--LeaseLiabilities_iI_pp0p0_c20251231_zbt6hkAx8Ulb" style="border-bottom: Black 1pt solid; text-align: right" title="Lease liabilities">273,875</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8A8_zh3YEfEM61qe" style="margin: 0"> </p> <p id="xdx_89D_eifrs-full--DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory_zOZwd5z7hbwg" style="margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BD_zb8zdD9BVBdd" style="display: none">SCHEDULE OF OPERATING MATURITY ANALYSIS</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">Maturity analysis</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20260331_zXEkk0x4GVU4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20251231_zbqPwgBGn1hf" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_407_eifrs-full--UndiscountedOperatingLeasePaymentsToBeReceived_iI_hifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_z80gKx6x4LHc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Less than one year</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">143,889</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">165,022</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--UndiscountedOperatingLeasePaymentsToBeReceived_iI_hifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanThreeYearsMember_zwhQYcc4FUqb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">One to three years</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">114,991</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">141,519</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--UndiscountedOperatingLeasePaymentsToBeReceived_iI_zPYqYOWgKfej" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Total undiscounted lease liabilities</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">258,880</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">306,541</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_ecustom--LeaseImplicitInterest_iI_z2OZMoNnNzw6" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Amount representing interest</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(25,977</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(32,666</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_404_eifrs-full--LeaseLiabilities_iI_zNg8sY3VjCV9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Lease liability</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">232,903</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">273,875</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8AB_zPm47ltp9COh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Variable lease payments of $<span id="xdx_900_ecustom--VariableLeasePayments_iI_c20260331_zabb9hMnfN09" title="Variable lease payments">47,337</span>, (2025 – $<span id="xdx_904_ecustom--VariableLeasePayments_iI_c20251231_zJYUyzOHNaxi" title="Variable lease payments">28,807</span>) have been recognized in profit and loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> 0.117 0.133 <p id="xdx_896_ecustom--DisclosureOfDetailedInformationAboutOperatingLeaseLiabilitiesExplanatory_zx85krxoMJo6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B8_z6Pqt1VhBxP6" style="display: none">SCHEDULE OF OPERATING LEASE LIABILITIES</span></span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">Balance at December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eifrs-full--LeaseLiabilities_iS_pp0p0_c20250101__20251231_zmjievwOfmHb" style="width: 16%; text-align: right" title="Balance - Beginning of period">428,021</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--InterestExpenseOnLeaseLiabilities_pp0p0_c20250101__20251231_zCtgFKOzmJmf" style="text-align: right" title="Interest expense">36,711</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Lease payments</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_iN_pp0p0_di_c20250101__20251231_zpRpmh2zVeEf" style="border-bottom: Black 1pt solid; text-align: right" title="Lease Payments">(190,857</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Balance at December 31, 2025</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--LeaseLiabilities_iS_pp0p0_c20260101__20260331_zl7IPzI1NNV" style="text-align: right" title="Balance - Beginning of period">273,875</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Interest expense</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_985_eifrs-full--InterestExpenseOnLeaseLiabilities_pp0p0_c20260101__20260331_zmp85OZqA7Ki" style="font-weight: bold; text-align: right" title="Interest expense">6,742</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Lease payments</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_984_eifrs-full--PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_iN_pp0p0_di_c20260101__20260331_zqienrDMofe6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Lease Payments">(47,714</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at March 31, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_989_eifrs-full--LeaseLiabilities_iE_pp0p0_c20260101__20260331_zK8jWA0K7IC4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Balance - Ending of period">232,903</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Which consists of:</p> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; width: 60%"> </td><td style="font-weight: bold; padding-bottom: 1pt; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; width: 1%"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 16%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>March 31, 2026</b></span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left; width: 1%"> </td><td style="padding-bottom: 1pt; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; text-align: left; width: 1%"> </td><td style="border-bottom: Black 1pt solid; text-align: right; width: 16%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">December 31, 2025</span></td><td style="padding-bottom: 1pt; text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Current lease liability</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_98C_eifrs-full--CurrentLeaseLiabilities_iI_pp0p0_c20260331_zfnkk0kPeqt2" style="font-weight: bold; text-align: right" title="Current lease liabilities">125,926</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98A_eifrs-full--CurrentLeaseLiabilities_iI_pp0p0_c20251231_zbPycg48rhU1" style="text-align: right" title="Current lease liabilities">143,624</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Non-current lease liability</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_984_eifrs-full--NoncurrentLeaseLiabilities_iI_pp0p0_c20260331_zmqlo0lFupsh" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Non-current lease liabilities">106,977</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eifrs-full--NoncurrentLeaseLiabilities_iI_pp0p0_c20251231_zF2Ea1UyLDid" style="border-bottom: Black 1pt solid; text-align: right" title="Non-current lease liabilities">130,251</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_98E_eifrs-full--LeaseLiabilities_iI_pp0p0_c20260331_zmj21p66p3Dk" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Lease liabilities">232,903</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98F_eifrs-full--LeaseLiabilities_iI_pp0p0_c20251231_zbt6hkAx8Ulb" style="border-bottom: Black 1pt solid; text-align: right" title="Lease liabilities">273,875</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 428021 36711 190857 273875 6742 47714 232903 125926 143624 106977 130251 232903 273875 <p id="xdx_89D_eifrs-full--DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory_zOZwd5z7hbwg" style="margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BD_zb8zdD9BVBdd" style="display: none">SCHEDULE OF OPERATING MATURITY ANALYSIS</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">Maturity analysis</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20260331_zXEkk0x4GVU4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20251231_zbqPwgBGn1hf" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_407_eifrs-full--UndiscountedOperatingLeasePaymentsToBeReceived_iI_hifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_z80gKx6x4LHc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Less than one year</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">143,889</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">165,022</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--UndiscountedOperatingLeasePaymentsToBeReceived_iI_hifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanThreeYearsMember_zwhQYcc4FUqb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">One to three years</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">114,991</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">141,519</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--UndiscountedOperatingLeasePaymentsToBeReceived_iI_zPYqYOWgKfej" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Total undiscounted lease liabilities</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">258,880</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">306,541</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_ecustom--LeaseImplicitInterest_iI_z2OZMoNnNzw6" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Amount representing interest</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(25,977</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(32,666</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_404_eifrs-full--LeaseLiabilities_iI_zNg8sY3VjCV9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Lease liability</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">232,903</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">273,875</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 143889 165022 114991 141519 258880 306541 -25977 -32666 232903 273875 47337 28807 <p id="xdx_803_eifrs-full--DisclosureOfTradeAndOtherPayablesExplanatory_zx9m6Q8hFaf5" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>10.</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82F_zD4vpb66t34l">TRADE PAYABLES AND ACCRUED LIABILITIES</span></b></span></p> <p id="xdx_894_ecustom--DisclosureOfTraderPayablesAndAccruedLiabilitiesExplanatory_zbFvCy3ep2H7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B8_zQnkUqedKncj" style="display: none">SCHEDULE OF TRADE PAYABLES AND ACCRUED LIABILITIES</span></span></b></span></b></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">As at</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20260331_zNjiUH35Grsb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20251231_zqFDTe7MDpa9" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40E_eifrs-full--TradeAndOtherCurrentPayablesToTradeSuppliers_iI_maTAOCPzzq7_zrlV6k6La9Bf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Trade accounts payable</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">1,138,666</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">667,396</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--OtherCurrentLiabilities_iI_maTAOCPzzq7_zcokRkboyWt7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Accrued liabilities</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,121,581</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,729,947</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--TradeAndOtherCurrentPayables_iTI_mtTAOCPzzq7_zcJHRpEYZiV5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Trade payables and accrued liabilities</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,260,247</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">3,397,343</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></span></p> <p id="xdx_8AF_zke3y2JNKWy5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Draganfly Inc.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Condensed Consolidated Interim Financial Statements</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the Three Months Ended March 31, 2026</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Expressed in Canadian Dollars (unaudited)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></span></p> <div style="width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_894_ecustom--DisclosureOfTraderPayablesAndAccruedLiabilitiesExplanatory_zbFvCy3ep2H7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B8_zQnkUqedKncj" style="display: none">SCHEDULE OF TRADE PAYABLES AND ACCRUED LIABILITIES</span></span></b></span></b></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">As at</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20260331_zNjiUH35Grsb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20251231_zqFDTe7MDpa9" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40E_eifrs-full--TradeAndOtherCurrentPayablesToTradeSuppliers_iI_maTAOCPzzq7_zrlV6k6La9Bf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Trade accounts payable</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">1,138,666</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">667,396</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--OtherCurrentLiabilities_iI_maTAOCPzzq7_zcokRkboyWt7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Accrued liabilities</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,121,581</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,729,947</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--TradeAndOtherCurrentPayables_iTI_mtTAOCPzzq7_zcJHRpEYZiV5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Trade payables and accrued liabilities</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,260,247</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">3,397,343</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></span></p> 1138666 667396 3121581 2729947 4260247 3397343 <p id="xdx_80B_eifrs-full--DisclosureOfDeferredIncomeExplanatory_zLxEQkvEBPx" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>11.</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_821_zTnmjlkdmxM2">DEFERRED INCOME</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">At times, the Company may take payment in advance for services to be rendered. These amounts are held and recognized as services are rendered.</span></p> <p id="xdx_891_ecustom--ScheduleOfDeferredIncomeExplanatory_z9sWuBKDtP66" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B4_zD3EY1XYU3qk" style="display: none">SCHEDULE OF DEFERRED INCOME</span></span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20260331_zwutMrWMZIsj" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20251231_zSS8JpuafDNk" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40F_ecustom--DeferredRevenueBeginning_iI_maDIGzIl5_zH69yV0Ubr53" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Deferred, revenue beginning</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">209,748</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">86,681</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--RevenueRecognized_iI_maDIGzIl5_zyKyYBwn7ex" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Revenue recognized</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(65,364</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(90,781</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--UnearnedRevenuesReceived_iI_maDIGzIl5_zrm2h5j39Yo1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Unearned revenues received</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">67,960</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">223,426</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--DeferredRevenueForeignExchange_iNI_di_msDIGzIl5_zq31gzBCKdhj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Foreign exchange</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,747</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(9,577</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_409_ecustom--DeferredIncomeGross_iTI_mtDIGzIl5_zeLX92eeacki" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred income gross</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">214,091</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">209,749</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--DeferredIncomeIncludingContractLiabilities_iI_maAADIIzUaf_zsSFD3u7TcS5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Current portion</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">176,663</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">165,237</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--DeferredIncomeIncludingContractLiabilitiesNonCurrent_iI_maAADIIzUaf_zgO1QFkTftQb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Long term portion</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">37,428</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">44,512</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--AccrualsAndDeferredIncomeIncludingContractLiabilities_iTI_mtAADIIzUaf_zhfTZaJOAdZ2" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred Income net</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">214,091</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">209,749</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8AD_z9bs7vzvFGF8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred revenue of $<span id="xdx_90A_ecustom--DeferredRevenues_iI_c20260331_zhtqZDRRjUh" title="Deferred revenue">176,663</span> as of March 31, 2026 is expected to be recognized as revenue within one year. The remaining is related to long-term support and maintenance arrangements and will be recognized according to the terms of these arrangements over the next <span id="xdx_900_ecustom--RevenueRecognizedRemainingPeriod_dtY_c20260101__20260331_zSoewdaqh4x8" title="Revenue recognized remaining period">1.9</span> years.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_891_ecustom--ScheduleOfDeferredIncomeExplanatory_z9sWuBKDtP66" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B4_zD3EY1XYU3qk" style="display: none">SCHEDULE OF DEFERRED INCOME</span></span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20260331_zwutMrWMZIsj" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20251231_zSS8JpuafDNk" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40F_ecustom--DeferredRevenueBeginning_iI_maDIGzIl5_zH69yV0Ubr53" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Deferred, revenue beginning</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">209,748</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">86,681</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--RevenueRecognized_iI_maDIGzIl5_zyKyYBwn7ex" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Revenue recognized</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(65,364</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(90,781</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--UnearnedRevenuesReceived_iI_maDIGzIl5_zrm2h5j39Yo1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Unearned revenues received</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">67,960</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">223,426</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--DeferredRevenueForeignExchange_iNI_di_msDIGzIl5_zq31gzBCKdhj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Foreign exchange</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,747</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(9,577</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_409_ecustom--DeferredIncomeGross_iTI_mtDIGzIl5_zeLX92eeacki" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred income gross</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">214,091</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">209,749</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--DeferredIncomeIncludingContractLiabilities_iI_maAADIIzUaf_zsSFD3u7TcS5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Current portion</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">176,663</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">165,237</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--DeferredIncomeIncludingContractLiabilitiesNonCurrent_iI_maAADIIzUaf_zgO1QFkTftQb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Long term portion</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">37,428</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">44,512</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--AccrualsAndDeferredIncomeIncludingContractLiabilities_iTI_mtAADIIzUaf_zhfTZaJOAdZ2" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred Income net</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">214,091</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">209,749</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 209748 86681 -65364 -90781 67960 223426 -1747 9577 214091 209749 176663 165237 37428 44512 214091 209749 176663 P1Y10M24D <p id="xdx_800_eifrs-full--DisclosureOfClassesOfShareCapitalExplanatory_zNgQ3yQgpUKl" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>12.</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_821_zuFN73zIMaCk">SHARE CAPITAL</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Authorized share capital</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unlimited number of common shares without par value.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Issued share capital</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the three months ended March 31, 2026,</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On February 23, 2026, the Company issued <span id="xdx_905_eifrs-full--NumberOfSharesIssued_iI_pid_c20260223__ifrs-full--ComponentsOfEquityAxis__custom--CommonStock1Member_zU2tCwzvvUB5" title="Number of stock issued">5,030,000</span> common shares and <span id="xdx_90E_ecustom--PrefundedWarrants_iI_pid_c20260223__ifrs-full--ComponentsOfEquityAxis__custom--CommonStock1Member__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--WarrantsMember_zj242weIPvo3" title="Prefunded warrants">2,120,000</span> pre-funded warrants in a financing for $<span id="xdx_905_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pp0p0_c20260223__20260223_z36t5hXkAYhf" title="Proceeds from issue of ordinary shares">68,277,951</span> with share issue costs of $<span id="xdx_905_ecustom--ShareIssueCost_pp0p0_c20260223__20260223_zWpsKunXB7xh" title="Issuance cost">8,136,847</span> ($<span id="xdx_903_eifrs-full--Equity_iI_pp0p0_c20260223_zTdPS3b0TKK" title="Equity">5,724,416</span> allocated to equity and $<span id="xdx_900_eifrs-full--OtherExpenseByNature_pp0p0_c20260223__20260223_zgLYOdGgzJPl" title="Other expenses">2,412,431</span> to expense), including $<span id="xdx_901_eifrs-full--ShareIssueRelatedCost_pp0p0_c20260223__20260223__ifrs-full--ClassesOfShareCapitalAxis__custom--BrokerWarrantsMember_zDmAivWrF5c" title="Issuance cost">2,976,520</span> related to broker warrants, for net proceeds of $<span id="xdx_909_ecustom--NetProceedsFromIssueOfOrdinaryShares_pp0p0_c20260223__20260223_z0Oi9KdVdkJb" title="Net proceeds from issue of ordinary shares">60,141,104</span>. The value of the issuance was allocated $<span id="xdx_90D_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pp0p0_c20260223__20260223__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zXy4z8FSWF67" title="Proceeds from issue of ordinary shares">48,033,503</span> to common shares and $<span id="xdx_901_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pp0p0_c20260223__20260223__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--WarrantsMember_z7G7U0V8Jl68" title="Proceeds from issue of ordinary shares">20,244,448</span> to the pre-funded warrants as a derivative liability. The pre-funded warrants were fully exercised by March 31, 2026 using the cashless exercise option.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the year ended December 31, 2025,</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company issued <span id="xdx_908_ecustom--StockIssuedDuringPeriodSharesRestrcitedShareUnits_pid_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--RestrictedStockUnitsMember_zflNQAVJsaT9" title="Number of stock issued for restrcited share units">216,738</span> common shares for the vesting of restricted share units.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On May 5, 2025, the Company issued <span id="xdx_906_eifrs-full--NumberOfSharesIssued_iI_pid_c20250505__ifrs-full--ComponentsOfEquityAxis__custom--CommonStock1Member_zKXkpNRjp9tj" title="Number of stock issued">1,715,000</span> units consisting of one common share and one warrant in a financing for $<span id="xdx_90D_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pp0p0_c20250505__20250505_z6tvTXxkgbOl" title="Proceeds from issue of ordinary shares">4,973,404</span> with share issue costs of $<span id="xdx_90F_eifrs-full--ShareIssueRelatedCost_pp0p0_c20250505__20250505_zVYjstcNEc6e" title="Issuance cost">829,316</span>, including $<span id="xdx_90B_eifrs-full--ShareIssueRelatedCost_pp0p0_c20250505__20250505__ifrs-full--ClassesOfShareCapitalAxis__custom--BrokerWarrantsMember_zUiV0A46RHUa" title="Issuance cost">163,757</span> related to broker warrants, for net proceeds of $<span id="xdx_906_ecustom--NetProceedsFromIssueOfOrdinaryShares_pp0p0_c20250505__20250505_zW0KA4hfbpPl" title="Net proceeds from issue of ordinary shares">4,144,088</span>. The value of the issuance was allocated $<span id="xdx_909_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pp0p0_c20250505__20250505__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zaSagP8NAhDl" title="Proceeds from issue of ordinary shares">4,545,997</span> to the shares and $<span id="xdx_905_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pp0p0_c20250505__20250505__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--WarrantsMember_zPbgnsuvhnwg" title="Proceeds from issue of ordinary shares">427,407</span> to the warrants based on the residual method. This issuance included an overallotment of <span id="xdx_906_eifrs-full--NumberOfSharesIssued_iI_pid_c20250505__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--WarrantsMember_zXag7nJRaj6b" title="Number of stock issued">100,000</span> warrants convertible to <span id="xdx_90E_ecustom--NumberOfWarrantsConvertibleToShares_iI_pid_c20250505_zNNQSqQYmx7j" title="Number of warrants convertible to shares">100,000</span> shares. </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company issued <span id="xdx_902_eifrs-full--NumberOfSharesIssued_iI_pid_uShares_c20250505__ifrs-full--ComponentsOfEquityAxis__custom--OverallotmentSharesMember_z0ckS4joCjD2" title="Number of shares issued">100,000</span> shares related to the overallotment of the May 5, 2025 share issuance for gross proceeds of $<span id="xdx_90E_ecustom--SharesIssuedForFinancingCost_pp0p0_c20250505__20250505__ifrs-full--ComponentsOfEquityAxis__custom--OverallotmentSharesMember_zEYNiNWNCO44" title="Shares issued for financing cost">294,000</span> with share issue costs of $<span id="xdx_90E_eifrs-full--ShareIssueRelatedCost_pp0p0_c20250505__20250505__ifrs-full--ComponentsOfEquityAxis__custom--OverallotmentSharesMember_zWsezqOQtTF9" title="Issuance cost">28,030</span> for net proceeds of $<span id="xdx_90C_ecustom--NetProceedsFromIssueOfOrdinaryShares_pp0p0_c20250505__20250505__ifrs-full--ComponentsOfEquityAxis__custom--OverallotmentSharesMember_zPvAMrf2y8Oh" title="Net proceeds from issue of ordinary shares">265,970</span>.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On June 12, 2025 the Company issued <span id="xdx_904_eifrs-full--NumberOfSharesIssued_iI_pid_c20250612__ifrs-full--ComponentsOfEquityAxis__custom--CommonStock1Member_z3t7EM02hkm1" title="Number of stock issued">5,500,000</span> units consisting of one common share and one warrant in a financing for $<span id="xdx_90F_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pp0p0_c20250612__20250612_zCVsKeUyWYqc" title="Proceeds from issue of ordinary shares">18,758,889</span> with share issue costs of $<span id="xdx_906_eifrs-full--ShareIssueRelatedCost_pp0p0_c20250612__20250612_zObcw19UTHI7" title="Issuance cost">2,258,143</span>, including $<span id="xdx_90A_eifrs-full--ShareIssueRelatedCost_pp0p0_c20250612__20250612__ifrs-full--ClassesOfShareCapitalAxis__custom--BrokerWarrantsMember_z139VjNWvhHl" title="Issuance cost">632,798</span> related to broker warrants, for net proceeds of $<span id="xdx_90D_ecustom--NetProceedsFromIssueOfOrdinaryShares_pp0p0_c20250612__20250612_zxC5nGSSqkN3" title="Net proceeds from issue of ordinary shares">16,500,747</span>. The value of the issuance was allocated $<span id="xdx_90E_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pp0p0_c20250612__20250612__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zGVsBIqW3Osh" title="Proceeds from issue of ordinary shares">18,082,472</span> to the shares and $<span id="xdx_90C_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pp0p0_c20250612__20250612__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--WarrantsMember_zMtz5QGVcWkb" title="Proceeds from issue of ordinary shares">676,418</span> to the warrants based on the residual method. </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On July 21, 2025 the Company issued <span id="xdx_908_eifrs-full--NumberOfSharesIssued_iI_pid_c20250721__ifrs-full--ComponentsOfEquityAxis__custom--CommonStock1Member_zTo9cNdK5cid" title="Number of stock issued">4,672,895</span> units consisting of one common share and one warrant in a financing for $<span id="xdx_90F_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pp0p0_c20250721__20250721_zxxXJqMMkLUi" title="Proceeds from issue of ordinary shares">34,279,276</span> with share issue costs of $<span id="xdx_90D_eifrs-full--ShareIssueRelatedCost_pp0p0_c20250721__20250721_zznjFZcIwnd6" title="Issuance cost">4,100,807</span>, including $<span id="xdx_90D_eifrs-full--ShareIssueRelatedCost_pp0p0_c20250721__20250721__ifrs-full--ClassesOfShareCapitalAxis__custom--BrokerWarrantsMember_z04v7iTsKdg5" title="Issuance cost">1,429,172</span> related to broker warrants, for net proceeds of $<span id="xdx_90A_ecustom--NetProceedsFromIssueOfOrdinaryShares_pp0p0_c20250721__20250721_zVHYDWHiB4vf" title="Net proceeds from issue of ordinary shares">30,178,469</span>. The warrants were valued at $nil based on the residual method.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_900_ecustom--StockIssuedDuringPeriodSharesExerciseOfWarrants_pid_uShares_c20250721__20250721__ifrs-full--ComponentsOfEquityAxis__custom--CommonStock1Member_zJZgcKbqpDS1" title="Number of shares exercise">11,712,347</span> shares were issued for the exercise of warrants</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company incurred share issue costs of $<span id="xdx_903_eifrs-full--PaymentsForShareIssueCosts_c20230601__20230630__ifrs-full--ComponentsOfEquityAxis__custom--CommonStock1Member_zBuCN0ilvOPh" title="Share issue costs">140,000</span> related to the June 30, 2023 base shelf prospectus and included in share issuance costs.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Draganfly Inc.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Condensed Consolidated Interim Financial Statements</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the Three Months Ended March 31, 2026</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Expressed in Canadian Dollars (unaudited)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <div style="width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>12. SHARE CAPITAL (<i>CONTINUED</i>)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Stock Options</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has adopted an incentive share compensation plan, which provides that the Board of Directors of the Company may from time to time, in its discretion, and in accordance with the CSE requirements, grant to directors, officers, employees, and technical consultants to the Company, non-transferable stock options to purchase common shares. The total number of common shares reserved and available for grant and issuance pursuant to this plan shall not exceed 15% (in the aggregate) of the issued and outstanding common shares from time to time. The number of options awarded and underlying vesting conditions are determined by the Board of Directors in its discretion.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_899_ecustom--DisclosureOfSharebasedPaymentArrangementsOptionsOutstandingAndExercisableExplanatory_zaY062Nxk4t7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As at March 31, 2026, the Company had the following outstanding and exercisable options:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BB_zo2Nr2KRicc" style="display: none">SCHEDULE OF STOCK OPTIONS OUTSTANDING AND EXERCISABLE</span></span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">Grant Date</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold">Expiry Date</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Exercise Price</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Remaining Contractual Life (years)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Number of Options Outstanding</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Number of Options Exercisable</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 20%; text-align: justify"><span title="Grant Date"><span id="xdx_907_ecustom--StockOptionsGrantDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zz75dpuAIod8" title="Grant Date">October 30, 2019</span></span></td><td style="width: 2%"> </td> <td style="width: 20%; text-align: justify"><span title="Expiry Date"><span id="xdx_904_ecustom--StockOptionsExpiryDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zo7NoAiOGeW3" title="Expiry Date">October 30, 2029</span></span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zp87KfQvh2dg" style="width: 12%; text-align: right" title="Exercise Price">62.50</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span><span id="xdx_903_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zhArZJ67v0A2" title="Remaining Contractual Life (years)">3.58</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zP49GKzJN9Mk" style="width: 10%; text-align: right" title="Number of Options Outstanding">10,464</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zVsV23twWMoi" style="width: 10%; text-align: right" title="Number of Options Exercisable">10,464</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span title="Grant Date"><span id="xdx_904_ecustom--StockOptionsGrantDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zf9NyklJ6fj1" title="Grant Date">April 30, 2020</span></span></td><td> </td> <td style="text-align: justify"><span title="Expiry Date"><span id="xdx_901_ecustom--StockOptionsExpiryDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zcKC4J6awir4" title="Expiry Date">April 30, 2030</span></span></td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zBkdTctu4Z9c" style="text-align: right" title="Exercise Price">62.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span><span id="xdx_90B_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zsBtzdaYN2m" title="Remaining Contractual Life (years)">4.07</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zo4Sp89F0Vxd" style="text-align: right" title="Number of Options Outstanding">240</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zsaav3bicAvh" style="text-align: right" title="Number of Options Exercisable">240</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"><span title="Grant Date"><span id="xdx_90A_ecustom--StockOptionsGrantDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zNPhEf6ce1g4" title="Grant Date">April 30, 2020</span></span></td><td> </td> <td style="text-align: justify"><span title="Expiry Date"><span id="xdx_90E_ecustom--StockOptionsExpiryDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zNX5quHE7h04" title="Expiry Date">April 30, 2030</span></span></td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zlsdEc1pRZJj" style="text-align: right" title="Exercise Price">96.25</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span><span id="xdx_90C_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_znu7D2tH6Yzl" title="Remaining Contractual Life (years)">4.07</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zhHCrspucSfd" style="text-align: right" title="Number of Options Outstanding">4,400</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zAtAdFuWr0ia" style="text-align: right" title="Number of Options Exercisable">4,400</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span title="Grant Date"><span id="xdx_90C_ecustom--StockOptionsGrantDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zuYXkJagxCXg" title="Grant Date">November 24, 2020</span></span></td><td> </td> <td style="text-align: justify"><span title="Expiry Date"><span id="xdx_902_ecustom--StockOptionsExpiryDate_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z2H5bC9tv4Kl" title="Expiry Date">November 24, 2030</span></span></td><td> </td> <td style="text-align: left">$</td><td id="xdx_98D_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zB40lC20DIbf" style="text-align: right" title="Exercise Price">62.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span><span id="xdx_908_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zvTa4Ln4z0g3" title="Remaining Contractual Life (years)">4.64</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zom0hbV14Coh" style="text-align: right" title="Number of Options Outstanding">1,280</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z1CJn1KVsfT7" style="text-align: right" title="Number of Options Exercisable">1,280</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"><span title="Grant Date"><span id="xdx_905_ecustom--StockOptionsGrantDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zgGn7HsmeL2" title="Grant Date">February 2, 2021</span></span></td><td> </td> <td style="text-align: justify"><span title="Expiry Date"><span id="xdx_904_ecustom--StockOptionsExpiryDate_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zDBufoC40th4" title="Expiry Date">February 2, 2031</span></span></td><td> </td> <td style="text-align: left">$</td><td id="xdx_980_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zQJRTsS68la9" style="text-align: right" title="Exercise Price">330.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span><span id="xdx_904_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zwd8ox8dFNf" title="Remaining Contractual Life (years)">4.83</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z7suIlBzgbpc" style="text-align: right" title="Number of Options Outstanding">1,200</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zO9EKExt5Bfg" style="text-align: right" title="Number of Options Exercisable">1,200</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span title="Grant Date"><span id="xdx_90F_ecustom--StockOptionsGrantDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zKCIhIZLXXX1" title="Grant Date">April 27, 2021</span></span></td><td> </td> <td style="text-align: justify"><span title="Expiry Date"><span id="xdx_90F_ecustom--StockOptionsExpiryDate_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zd5lNKzJqrk3" title="Expiry Date">April 27, 2031</span></span></td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_znlkpliZkY6k" style="text-align: right" title="Exercise Price">253.75</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_908_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z7rn11zYSh19" title="Remaining Contractual Life (years)">5.06</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right" title="Number of Options Outstanding"></td><td id="xdx_984_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zWgtCn94IHw9" style="text-align: right" title="Number of Options Outstanding">3,640</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right" title="Number of Options Exercisable"></td><td id="xdx_982_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zqRnPsLDaPe5" style="text-align: right" title="Number of Options Exercisable">3,640</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"><span title="Grant Date"><span id="xdx_90B_ecustom--StockOptionsGrantDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zL5DU1uvybb" title="Grant Date">September 9, 2021</span></span></td><td> </td> <td style="text-align: justify"><span title="Expiry Date"><span id="xdx_909_ecustom--StockOptionsExpiryDate_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zIxPlrkPJByd" title="Expiry Date">September 9, 2026</span></span></td><td> </td> <td style="text-align: left">$</td><td id="xdx_989_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zzrw9gFsaSul" style="text-align: right" title="Exercise Price">121.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span><span id="xdx_90F_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zp6ISGD5NUE4" title="Remaining Contractual Life (years)">0.44</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zbouJct7GR02" style="text-align: right" title="Number of Options Outstanding">1,034</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zPFthzR0gXg6" style="text-align: right" title="Number of Options Exercisable">1,034</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt"><span title="Grant Date"><span id="xdx_90A_ecustom--StockOptionsGrantDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zzocff0CixPi" title="Grant Date">November 9, 2023</span></span></td><td style="padding-bottom: 1pt"> </td> <td style="text-align: justify; padding-bottom: 1pt"><span title="Expiry Date"><span id="xdx_90B_ecustom--StockOptionsExpiryDate_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zHrHDOoEvJ32" title="Expiry Date">November 9, 2033</span></span></td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left">$</td><td id="xdx_989_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_znmtm2Bmgojf" style="padding-bottom: 1pt; text-align: right" title="Exercise Price">15.75</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"><span><span id="xdx_901_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z1rWsY6Wwu8e" title="Remaining Contractual Life (years)">7.60</span></span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z0hnpMGvz0x4" style="border-bottom: Black 1pt solid; text-align: right" title="Number of Options Outstanding">1,200</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zuEuw4f8bmjg" style="border-bottom: Black 1pt solid; text-align: right" title="Number of Options Exercisable">1,200</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: justify; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zMT1HPBAz3Ic" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of Options Outstanding">23,458</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z0x7zN258jf3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of Options Exercisable">23,458</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"></p> <p id="xdx_8A7_zVO9llwcdpFl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_899_eifrs-full--DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory_zblZO5uHTVu4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="display: none; font-family: Times New Roman, Times, Serif"> <span id="xdx_8B9_zFpGHlggz0d9" style="display: none">SCHEDULE OF STOCK OPTIONS OUTSTANDING</span></span></b></span></b></span></b></span></b></span><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Number of Options</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Weighted Average Exercise Price</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">Outstanding, December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_901_eifrs-full--NumberOfOutstandingShareOptions_iS_uShares_c20250101__20251231_zivKOsU27f86" title="Number of options outstanding, Beginning Balance">31,604</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eifrs-full--WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_iS_c20250101__20251231_zsa1DsSgkT0h" style="width: 16%; text-align: right" title="Weighted average exercise price, Beginning Balance">112.05</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Forfeited</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eifrs-full--NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_iN_di_uShares_c20250101__20251231_zqrJTQ8x1c8b" title="Number of options outstanding, Forfeited">(3,746</span></td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019_c20250101__20251231_za0woGPDoRf7" style="text-align: right" title="Weighted average exercise price, forfeited">113.55</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Expired</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90B_eifrs-full--NumberOfShareOptionsExpiredInSharebasedPaymentArrangement_iN_di_uShares_c20250101__20251231_zTzyA2VGX6Pb" title="Number of options outstanding, Expired">(4,000</span></td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eifrs-full--WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019_c20250101__20251231_z11NNC4bWZ04" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average exercise price, Expiired">80.00</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Outstanding, December 31, 2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eifrs-full--NumberOfOutstandingShareOptions_iS_uShares_c20260101__20260331_zdrSM2gXEEgj" title="Number of options outstanding, Beginning Balance">23,858</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98A_eifrs-full--WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_iS_c20260101__20260331_zjweGw3Ljej4" style="text-align: right" title="Weighted average exercise price, Beginning Balance">116.34</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Forfeited</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span id="xdx_903_eifrs-full--NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_iN_di_uShares_c20260101__20260331_zb8jcsEOOLYe" title="Number of options outstanding, Forfeited">(400</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019_c20260101__20260331_zczcqLcAm26" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted average exercise price, forfeited">347.50</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Outstanding, March 31, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span id="xdx_900_eifrs-full--NumberOfOutstandingShareOptions_iE_uShares_c20260101__20260331_ze62MO4iPb6h" title="Number of options outstanding, Ending Balance">23,458</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_987_eifrs-full--WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_iE_c20260101__20260331_zAyN3ydlvD2d" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted average exercise price, Ending Balance">112.39</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8AA_zaeodGLSM3T7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.15pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.15pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_905_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_do_uPure_c20260101__20260331_z6MlpfMzlGSj" title="Number of options, granted">No</span> options were granted by the Company during the three months ended March 31, 2026.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the three months ended March 31, 2026, the Company recorded $<span id="xdx_901_eifrs-full--AdjustmentsForSharebasedPayments_dxL_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zrD0dkG8MXq8" title="Adjustments for share based payments::XDX::-"><span style="-sec-ix-hidden: xdx2ixbrl1234">nil</span></span> (2025 – $<span id="xdx_904_eifrs-full--AdjustmentsForSharebasedPayments_c20250101__20250331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_z7WwJnjXpu4l" title="Adjustments for share based payments">1,013</span>) in stock-based compensation in relation to the vesting of stock options.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Draganfly Inc.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Condensed Consolidated Interim Financial Statements</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the Three Months Ended March 31, 2026</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Expressed in Canadian Dollars (unaudited)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <div style="width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>12. SHARE CAPITAL (<i>CONTINUED</i>)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Restricted Share Units</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has adopted an incentive share compensation plan, which provides that the Board of Directors of the Company may from time to time, in its discretion, and in accordance with the Exchange requirements, grant to directors, officers, employees and technical consultants to the Company, restricted stock units (RSUs). The number of RSUs awarded and underlying vesting conditions are determined by the Board of Directors in its discretion. RSUs will have up to a 3-year vesting period following the award date. The total number of common shares reserved and available for grant and issuance pursuant to this plan, and the total number of Restricted Share Units that may be awarded pursuant to this plan, shall not exceed 15% (in the aggregate) of the issued and outstanding common shares from time to time.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89C_ecustom--DisclosureOfNumberAndWeightedAverageExercisePricesOfRestrictedStockUnitsExplanatory_zfiVip1wcv3c" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As at March 31, 2026, the Company had the following RSUs outstanding:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B6_z8PaT2ryPFy6" style="display: none">SCHEDULE OF CHANGES IN RESTRICTED STOCK UNITS</span></span></span></span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Number of RSUs</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%; text-align: justify">Outstanding, December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_901_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zESAiUocN3A3" title="Number of RSUs outstanding, Beginning of the period">188,100</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Vested</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_ecustom--NumberOfInstrumentsOtherEquityInstrumentsVested_iN_di_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zgcRiJeWbojg" title="Number of RSUs,Vested">(216,738</span></td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Issued</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_901_ecustom--NumberOfInstrumentsOtherEquityInstrumentsIssued_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zOUKhQFgd8fj" title="Number of RSUs,Issued">450,964</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">Forfeited</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90E_eifrs-full--NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement_iN_di_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zMD1bhV1f4Rc" title="Number of RSUs ,Forfeited">(9,175</span></td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify; padding-bottom: 1pt">Outstanding, December 31, 2025 and March 31, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span id="xdx_902_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iE_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zkLXd0FZ8Sab" title="Number of RSUs outstanding, Ending of the period">413,151</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A6_zdVaRsoTwLE9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Each RSU is exercisable into one common share of the Company upon the vesting conditions being met for a period of eighteen months to 3 years from the grant date.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the three months ended March 31, 2026, the Company recorded share-based payment expense of $<span id="xdx_901_eifrs-full--ExpenseFromSharebasedPaymentTransactionsWithEmployees_pp0p0_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--RestrictedStockUnitsMember_zfN0mzQ0u7y" title="Share based payment expense">244,064</span> (2025 - $<span id="xdx_903_eifrs-full--ExpenseFromSharebasedPaymentTransactionsWithEmployees_pp0p0_c20250101__20250331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--RestrictedStockUnitsMember_ztaeYeZbus3e" title="Share based payment expense">287,869</span>) for RSUs, based on the fair values of RSUs granted which were calculated using the closing price of the Company’s stock on the day prior to grant.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Warrants</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the three months ended March 31, 2026 the Company issued pre-funded warrants (“USD pre-funded Warrants”) where a portion of the funds related to the eventual exercise have already been received with the remaining exercise price in USD. As the pre-funded warrants have a cashless exercise option and were not issued in exchange for services, the value related to the future exercise price of the USD pre-funded Warrants are required to be recorded as a financial liability and not as equity. As a financial liability, the portion of the USD pre-funded Warrants related to the future exercise price will be revalued on a quarterly basis to fair market value with the change in fair value being recorded in profit or loss. The Company valued the prefunded warrants in relation to the Company’s share price as the exercise price of the prefunded warrants was nominal.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Draganfly Inc.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Condensed Consolidated Interim Financial Statements</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the Three Months Ended March 31, 2026</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Expressed in Canadian Dollars (unaudited)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <div style="width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>12. SHARE CAPITAL (<i>CONTINUED</i>)</b></span></p> <p id="xdx_89E_ecustom--DisclosureOfFairValueInputsOfWarrantsExplanatory_zvHWty3bDohb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B6_zWuRmh8cRGt5" style="display: none">SCHEDULE OF ISSUE DATE FAIR VALUE INPUTS OF WARRANTS</span></span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold">2026 issuances</td><td> </td> <td colspan="2" style="text-align: right">February issuance</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Broker</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_908_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20260101__20260331__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--FebruaryIssuanceMember_zfXNzHeWLSke" title="Volatility">137.94</span></td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Risk free rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20260101__20260331__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--FebruaryIssuanceMember_z879UkLTR0B2" title="Risk free rate">3.45</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Expected life</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90E_ecustom--ExpectedLifeOfOptions_dtY_c20260101__20260331__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--FebruaryIssuanceMember_z0DyG79wyFp6" title="Expected life">3</span> years</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Expected dividend yield</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20260101__20260331__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--FebruaryIssuanceMember_zTt3J9i0nbWj" title="Expected dividend yield">0</span></td><td style="text-align: left">%</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left; font-weight: bold">2025 issuances</td><td style="text-align: right"> </td> <td colspan="2" style="text-align: right">May  Issuance</td><td style="text-align: right"> </td><td style="text-align: right"> </td> <td colspan="2" style="text-align: right">June Issuance</td><td style="text-align: right"> </td><td style="text-align: right"> </td> <td colspan="2" style="text-align: right">July Issuance</td><td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: right"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Broker</td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: right"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Broker</td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: right"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Broker</td><td style="padding-bottom: 1pt; text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right"><span id="xdx_90F_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--MayIssuanceMember_z9ZY5KyoTWN3" title="Volatility">122.15</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right"><span id="xdx_90F_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JuneIssuanceMember_zVy5OVwh1Vq1" title="Volatility">125.42</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right"><span id="xdx_906_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JulyIssuanceMember_zCH6JV7Wsa28" title="Volatility">131.17</span></td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Risk free rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--MayIssuanceMember_zdCiXoYeSCM9" title="Risk free rate">3.63</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JuneIssuanceMember_zJt7tfYUDfw7" title="Risk free rate">3.85</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90E_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JulyIssuanceMember_zbCwSHwacXf6" title="Risk free rate">3.89</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Expected life</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_901_ecustom--ExpectedLifeOfOptions_dtY_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--MayIssuanceMember_zuRd7YTMsQyl" title="Expected life">3</span> years</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_ecustom--ExpectedLifeOfOptions_dtY_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JuneIssuanceMember_zHXrx4QjQJag" title="Expected life">3</span> years</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90B_ecustom--ExpectedLifeOfOptions_dtY_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JulyIssuanceMember_zB4iejbX6iY2" title="Expected life">3</span> years</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Expected dividend yield</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--MayIssuanceMember_zembjyVYHPq2" title="Expected dividend yield">0</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JuneIssuanceMember_zL62iCUfsyef" title="Expected dividend yield">0</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JulyIssuanceMember_z06HFTjFL0a1" title="Expected dividend yield">0</span></td><td style="text-align: left">%</td></tr> </table> <p id="xdx_8AB_znrIei3IEOXf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_896_ecustom--DisclosureOfWarrantDerivativeLiabilityExplanatory_zRAuI2yR3Bpj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Warrant Derivative Liability</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B8_z20EXEcFJbqc" style="display: none">SCHEDULE OF WARRANT DERIVATIVE LIABILITY</span></span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">Balance at December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_ecustom--CurrentWarrantFairValue_iS_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--WarrantsMember_zRWNMhgOva2d" style="width: 16%; text-align: right" title="Beginning of the period">2,198,121</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Exercised</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--SharesIssuedForExerciseOfBrokerWarrantsOfDerivatives_iN_di_c20240101__20241231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--WarrantsMember_zXFGvsHItl4a" style="text-align: right" title="Warrants exercised">(4,353,939</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Change in fair value of warrants outstanding</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_ecustom--ChangeInFairValueOfWarrantOfDerivativesOutstanding_di_c20240101__20241231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--WarrantsMember_z7OwejRNOxDb" style="border-bottom: Black 1pt solid; text-align: right" title="Change in fair value of warrants outstanding">2,648,288</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at December 31, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_989_ecustom--CurrentWarrantFairValue_iS_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--WarrantsMember_z7nGNNAQmfI4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Beginning of the period">492,470</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Pre-funded warrants issued</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98D_ecustom--PrefundedWarrantsIssued_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zX95JXtOccLe" style="font-weight: bold; text-align: right" title="Pre-funded warrants issued">20,244,448</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Warrants and pre-funded warrants exercised</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98F_ecustom--WarrantsAndPrefundedWarrantsExercised_iN_di_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z4HeCNOCHzUd" style="font-weight: bold; text-align: right" title="Warrants and pre-funded warrants exercised">(19,360,086</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Change in fair value of warrants and pre-funded outstanding</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_986_ecustom--ChangeInFairValueOfWarrantsAndPrefundedOutstanding_iN_di_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zHWP4cwnKHt" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Change in fair value of warrants and pre-funded outstanding">(1,047,731</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at March 31, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_988_ecustom--CurrentWarrantFairValue_iE_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--WarrantsMember_z7EZ3pEc7yyk" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Ending of the period">329,101</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A5_zcyCVmC8uAFj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_89B_ecustom--DisclosureOfNumberAndWeightedAverageExercisePricesOfWarrantsAndTheirFairValuesExplanatory_zYNVqUrfeBZ4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Details of liability warrants and their fair values are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B9_zjCUl2kWldWl" style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">SCHEDULE OF WARRANT AND FAIR VALUE OUTSTANDING</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Issue Date</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exercise Price</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Number of Warrants Outstanding at March 31, 2026</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <b>Fair Value at March 31, 2026</b></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Number of Warrants Outstanding at December 31, 2025</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <b>Fair Value at December 31, 2025</b></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Derivative Liability</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 35%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_909_ecustom--WarrantsIssuanceDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeOneMember_fKDEp_zL3dyDB3ECA7" title="Issue Date">February 26, 2024</span> (1)</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span>US$</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90B_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uUSDPShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeOneMember_fKDEp_zkjdbW40rkuk" title="Exercise price">4.4025</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td id="xdx_989_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_pid_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeOneMember_fKDEp_zLEIAITEFwL9" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right" title="Number of Warrants Outstanding"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">60,715</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td id="xdx_981_ecustom--CurrentWarrantFairValue_iI_uUSD_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeOneMember_fKDEp_zVAW9ilbY3Z9" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right" title="Fair Value of warrants"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">329,101</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td id="xdx_981_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20251231__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeOneMember_fKDEp_zAExQC9HV3B4" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right" title="Number of Warrants Outstanding"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">61,911</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td id="xdx_981_ecustom--CurrentWarrantFairValue_iI_uUSD_c20251231__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeOneMember_fKDEp_ztuFIqn2Og3f" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right" title="Fair Value of warrants"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">492,470</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_900_ecustom--WarrantsIssuanceDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeTwoMember_fKDIp_z7VXhc7mrDc7" title="Issue Date">February 23, 2026</span> (2)</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_904_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeTwoMember_fKDIp_zXCEYTPXYwPd" title="Exercise price">0.00014</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td id="xdx_982_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeTwoMember_fKDIp_zcqBs9QanfYg" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Number of Warrants Outstanding"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl1324">-</span></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td id="xdx_989_ecustom--CurrentWarrantFairValue_iI_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeTwoMember_fKDIp_zmIAOMYuT6o9" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Fair Value of warrants"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl1326">-</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td id="xdx_989_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20251231__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeTwoMember_fKDIp_zM9kzAHPpwM6" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of Warrants Outstanding"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl1328">-</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td id="xdx_987_ecustom--CurrentWarrantFairValue_iI_c20251231__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeTwoMember_fKDIp_zigWM2fhsZZ2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Fair Value of warrants"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl1330">-</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td id="xdx_987_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331_zhQlbr5jXdq8" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Number of Warrants Outstanding"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">60,715</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td id="xdx_983_ecustom--CurrentWarrantFairValue_iI_uUSD_c20260331_zyUclb7FFbZ8" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Fair Value of warrants"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">329,101</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td id="xdx_981_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20251231_zv3WGddp2JRj" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of Warrants Outstanding"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">61,911</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td id="xdx_986_ecustom--CurrentWarrantFairValue_iI_uUSD_c20251231_zPsSwAGytjx9" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Fair Value of warrants"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">492,470</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">  </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span id="xdx_F02_zNv5a3DKrLsi" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span id="xdx_F16_zQuHaQWAxfX6" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The warrants expire February 26, 2029.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_F06_zwd4ZMi4NUwg" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span id="xdx_F1C_zGUxp2bTYtrf" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These warrants were exercised during the quarter ended March 31, 2026</span></td></tr></table> <p id="xdx_8A0_zpdk1wmlDpMi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Draganfly Inc.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Condensed Consolidated Interim Financial Statements</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the Three Months Ended March 31, 2026</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Expressed in Canadian Dollars (unaudited)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <div style="width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>12. SHARE CAPITAL (<i>CONTINUED</i>)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_895_ecustom--DisclosureOfMeasurementInputsAndvalidationTechniquesForWarrantsExplanatory_zr609t0IhFX1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The fair values of the broker warrants were estimated using the Black-Scholes Option Pricing Model with the following weighted average assumptions:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B5_zFHyxTjPDY4d">SCHEDULE OF WEIGHTED AVERAGE ASSUMPTION FOR WARRANTS</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: justify">Risk free interest rate</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 16%; font-weight: bold; text-align: right"><span id="xdx_904_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_zElyO6QOOnl9" title="Risk free interest rate">3.66</span></td><td style="width: 1%; font-weight: bold; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_906_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_z7BAhhcK5uJc" title="Risk free interest rate">3.55</span></td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Expected volatility</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span id="xdx_901_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_zGImnkubDpFl" title="Expected volatility">140.00</span></td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_zNO68ZvgZhd4" title="Expected volatility">139.39</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expected life</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_904_ecustom--ExpectedLifeOfOptions_dtY_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_ztYrv5yC88u9" title="Expected life">2.91</span> years</b></span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_908_ecustom--ExpectedLifeOfOptions_dtY_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_zbm3zCRilnV2" title="Expected life">3.16</span> years</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">Expected dividend yield</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt; font-weight: bold; text-align: right"><span id="xdx_900_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_zfXUIFUYziBj" title="Expected dividend yield">0</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"><span id="xdx_903_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_zT9W2pn2CCnf" title="Expected dividend yield">0</span></td><td style="padding-bottom: 1pt; text-align: left">%</td></tr> </table> <p id="xdx_8AF_z13Uj4jUZHZa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The weighted average remaining contractual life of warrants outstanding as of March 31, 2026, was <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNIQVJFIENBUElUQUwgKERldGFpbHMgTmFycmF0aXZlKQA_" id="xdx_909_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--WarrantsMember_ze5hlvyPA30h" title="Weighted average remaining contractual life of warrants">2.9</span> years (2025 – <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNIQVJFIENBUElUQUwgKERldGFpbHMgTmFycmF0aXZlKQA_" id="xdx_904_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20250101__20250331__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--WarrantsMember_z2ZyINUOjME8" title="Weighted average remaining contractual life of warrants">4.5</span> years).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BF_zYFyJ0P6rEJk" style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">SCHEDULE OF CHANGES IN WARRANTS</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Number of Warrants</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Weighted Average Exercise Price</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">Outstanding, December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_90B_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_pid_uShares_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--WarrantsMember_zwlnZh6wtwc8" title="Warrants Outstanding, Beginning of the period">3,717,502</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right"><span id="xdx_90E_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--WarrantsMember_zA7RBR26z8sl" title="Weighted Average Exercise Price, Outstanding, Beginning Balance">5.16</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Issued</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_pid_uShares_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--WarrantsMember_zW4dr9vUnazc" title="Warrants, Issued">12,587,289</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90C_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--WarrantsMember_zqDxWc6OLP9k" title="Weighted Average Exercise Price, Issued">5.81</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Exercised</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_908_eifrs-full--NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement_iN_pid_di_uShares_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--WarrantsMember_zZ5hi92PUd7c" title="Warrants, Exercised">(11,712,348</span></td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90A_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement2019_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--WarrantsMember_zQZp08vwFEr3" title="Weighted Average Exercise Price, Exercised">4.80</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Outstanding, December 31, 2025 </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_902_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_pid_uShares_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--WarrantsMember_zl0RBZQolkre" title="Warrants Outstanding, Ending of the period">4,592,443</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90F_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--WarrantsMember_zlmDglJ9hS65" title="Weighted Average Exercise Price, Outstanding, Ending Balance">6.90</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><b>Issued</b></td><td><b> </b></td> <td style="text-align: left"><b> </b></td><td style="text-align: right"><b><span id="xdx_906_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_pid_uShares_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--WarrantsMember_zMSSKXJTfHOf" title="Warrants, Issued">2,477,500</span></b></td><td style="text-align: left"><b> </b></td><td><b> </b></td> <td style="text-align: left"><b> </b></td><td style="text-align: right"><b><span id="xdx_905_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--WarrantsMember_zTVPsUdxGSBe" title="Weighted Average Exercise Price, Issued">11.97</span></b></td><td style="text-align: left"><b> </b></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><b>Exercised</b></td><td style="padding-bottom: 1pt"><b> </b></td> <td style="border-bottom: Black 1pt solid; text-align: left"><b> </b></td><td style="border-bottom: Black 1pt solid; text-align: right"><b><span id="xdx_904_eifrs-full--NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement_iN_pid_di_uShares_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--WarrantsMember_zGnFqy5mTBD5" title="Warrants, Exercised">(2,121,196</span></b></td><td style="padding-bottom: 1pt; text-align: left"><b>)</b></td><td style="padding-bottom: 1pt"><b> </b></td> <td style="border-bottom: Black 1pt solid; text-align: left"><b> </b></td><td style="border-bottom: Black 1pt solid; text-align: right"><b><span id="xdx_909_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement2019_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--WarrantsMember_zVGzFPPGodC6" title="Weighted Average Exercise Price, Exercised">0.0037</span></b></td><td style="padding-bottom: 1pt; text-align: left"><b> </b></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"><b>Outstanding, March 31, 2026</b></td><td style="padding-bottom: 1pt"><b> </b></td> <td style="border-bottom: Black 1pt solid; text-align: left"><b> </b></td><td style="border-bottom: Black 1pt solid; text-align: right"><b><span id="xdx_901_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iE_pid_uShares_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--WarrantsMember_z4X6UrYOmj6" title="Warrants Outstanding, Ending of the period">4,948,747</span></b></td><td style="padding-bottom: 1pt; text-align: left"><b> </b></td><td style="padding-bottom: 1pt"><b> </b></td> <td style="border-bottom: Black 1pt solid; text-align: left"><b>$</b></td><td style="border-bottom: Black 1pt solid; text-align: right"><b><span id="xdx_90F_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iE_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--WarrantsMember_z8zMno3Hj6i6" title="Weighted Average Exercise Price, Outstanding, Ending Balance">7.27</span></b></td><td style="padding-bottom: 1pt; text-align: left"><b> </b></td></tr> </table> <p id="xdx_8A9_zsSPt9WFPIsl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89C_ecustom--DisclosureOfSharebasedPaymentArrangementsForWarrantsOutstandingExplanatory_ztm574BKawna" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As at March 31, 2026, the Company had the following warrants outstanding:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B0_zDT3kdvHSLI5" style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">SCHEDULE OF WARRANTS OUTSTANDING</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">Date issued</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold">Expiry date</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Exercise price</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Number of warrants outstanding</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 24%; text-align: justify"><span id="xdx_906_ecustom--CompensationWarrantsIssuedDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantOneMember_z2GPO5rVHSGi" title="Date issued">October 30, 2023</span></td><td style="width: 2%"> </td> <td style="width: 22%; text-align: justify"><span id="xdx_901_ecustom--WarrantExpiryDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantOneMember_zsuOqkkv6esh" title="Expiry date">October 30, 2026</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: right">$</td><td style="width: 22%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_901_ecustom--CompensationWarrantsExercisePrice_iI_pid_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantOneMember_zMNWfMBIQYG5" title="Exercise price">23.20</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantOneMember_zJeOdcfv0FF1" style="width: 22%; text-align: right" title="Number of warrants outstanding">12,800</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span id="xdx_90A_ecustom--CompensationWarrantsIssuedDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantTwoMember_zdB8SIXBf89k" title="Date issued">February 26, 2024</span></td><td> </td> <td style="text-align: justify"><span id="xdx_908_ecustom--WarrantExpiryDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantTwoMember_z7Az0kOHojt3" title="Expiry date">February 26, 2029</span></td><td> </td> <td style="text-align: right">US$</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90E_ecustom--CompensationWarrantsExercisePrice_iI_pid_uUSDPShares_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantTwoMember_zFvQiTTMeNL1" title="Exercise price">4.4025</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantTwoMember_zYKPEwNkKwgj" style="text-align: right" title="Number of warrants outstanding">60,715</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"><span id="xdx_90C_ecustom--CompensationWarrantsIssuedDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantThreeMember_zOkQbYco2fti" title="Date issued">May 5, 2025</span></td><td> </td> <td style="text-align: justify"><span id="xdx_909_ecustom--WarrantExpiryDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantThreeMember_zaKOx9gNKYC3" title="Expiry date">May 5, 2030</span></td><td> </td> <td style="text-align: right">$</td><td style="text-align: right"><span id="xdx_90D_ecustom--CompensationWarrantsExercisePrice_iI_pid_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantThreeMember_zI3DIordXE9k" title="Exercise price">3.9779</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantThreeMember_zYpY6f79xtRh" style="text-align: right" title="Number of warrants outstanding">7,500</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span id="xdx_90D_ecustom--CompensationWarrantsIssuedDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantFourMember_zZQkmoHX2aNi" title="Date issued">June 12, 2025</span></td><td> </td> <td style="text-align: justify"><span id="xdx_906_ecustom--WarrantExpiryDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantFourMember_z8JWXc9nbL02" title="Expiry date">June 12, 2030</span></td><td> </td> <td style="text-align: right">$</td><td style="text-align: right"><span id="xdx_906_ecustom--CompensationWarrantsExercisePrice_iI_pid_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantFourMember_zXkMvHszA8xi" title="Exercise price">5.0768</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantFourMember_zZXbtJYgGlYa" style="text-align: right" title="Number of warrants outstanding">1,014,500</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"><span id="xdx_904_ecustom--CompensationWarrantsIssuedDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantFiveMember_z4T55dOhvVFe" title="Date issued">July 21, 2025</span></td><td> </td> <td style="text-align: justify"><span id="xdx_90D_ecustom--WarrantExpiryDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantFiveMember_znxyVjlpiHX6" title="Expiry date">July 21, 2030</span></td><td> </td> <td style="text-align: right">$</td><td style="text-align: right"><span id="xdx_901_ecustom--CompensationWarrantsExercisePrice_iI_pid_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantFiveMember_zOKOFmgfK5a8" title="Exercise price">7.3579</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantFiveMember_zDGKj0wfIaGd" style="text-align: right" title="Number of warrants outstanding">3,495,732</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt"><span id="xdx_90A_ecustom--CompensationWarrantsIssuedDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantSixMember_zrIVc9GCqnna" title="Date issued">February 23, 2026</span></td><td style="padding-bottom: 1pt"> </td> <td style="text-align: justify; padding-bottom: 1pt"><span id="xdx_90E_ecustom--WarrantExpiryDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantSixMember_zsFLG0ddvjFd" title="Expiry date">February 23, 2029</span></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">$</td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_900_ecustom--CompensationWarrantsExercisePrice_iI_pid_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantSixMember_zRZOJv8r1sF1" title="Exercise price">11.9744</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantSixMember_z1482ILdr8z5" style="border-bottom: Black 1pt solid; text-align: right" title="Number of warrants outstanding">357,500</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_ziLH94Hf6nN9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of warrants outstanding">4,948,747</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A7_zlTXoTowD8Ea" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The weighted average remaining contractual life of warrants outstanding as of March 31, 2026, was <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNIQVJFIENBUElUQUwgKERldGFpbHMgTmFycmF0aXZlKQA_" id="xdx_909_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331_z85wAJhZcD3a" title="Weighted average remaining contractual life of warrants">4.16</span> years (December 31, 2025 – <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNIQVJFIENBUElUQUwgKERldGFpbHMgTmFycmF0aXZlKQA_" id="xdx_908_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20250101__20251231_z5pEEenH9Cb6" title="Weighted average remaining contractual life of warrants">4.5</span> years).</span></p> 5030000 2120000 68277951 8136847 5724416 2412431 2976520 60141104 48033503 20244448 216738 1715000 4973404 829316 163757 4144088 4545997 427407 100000 100000 100000 294000 28030 265970 5500000 18758889 2258143 632798 16500747 18082472 676418 4672895 34279276 4100807 1429172 30178469 11712347 140000 <p id="xdx_899_ecustom--DisclosureOfSharebasedPaymentArrangementsOptionsOutstandingAndExercisableExplanatory_zaY062Nxk4t7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As at March 31, 2026, the Company had the following outstanding and exercisable options:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BB_zo2Nr2KRicc" style="display: none">SCHEDULE OF STOCK OPTIONS OUTSTANDING AND EXERCISABLE</span></span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">Grant Date</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold">Expiry Date</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Exercise Price</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Remaining Contractual Life (years)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Number of Options Outstanding</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Number of Options Exercisable</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 20%; text-align: justify"><span title="Grant Date"><span id="xdx_907_ecustom--StockOptionsGrantDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zz75dpuAIod8" title="Grant Date">October 30, 2019</span></span></td><td style="width: 2%"> </td> <td style="width: 20%; text-align: justify"><span title="Expiry Date"><span id="xdx_904_ecustom--StockOptionsExpiryDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zo7NoAiOGeW3" title="Expiry Date">October 30, 2029</span></span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zp87KfQvh2dg" style="width: 12%; text-align: right" title="Exercise Price">62.50</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span><span id="xdx_903_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zhArZJ67v0A2" title="Remaining Contractual Life (years)">3.58</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zP49GKzJN9Mk" style="width: 10%; text-align: right" title="Number of Options Outstanding">10,464</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceOneMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zVsV23twWMoi" style="width: 10%; text-align: right" title="Number of Options Exercisable">10,464</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span title="Grant Date"><span id="xdx_904_ecustom--StockOptionsGrantDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zf9NyklJ6fj1" title="Grant Date">April 30, 2020</span></span></td><td> </td> <td style="text-align: justify"><span title="Expiry Date"><span id="xdx_901_ecustom--StockOptionsExpiryDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zcKC4J6awir4" title="Expiry Date">April 30, 2030</span></span></td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zBkdTctu4Z9c" style="text-align: right" title="Exercise Price">62.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span><span id="xdx_90B_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zsBtzdaYN2m" title="Remaining Contractual Life (years)">4.07</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zo4Sp89F0Vxd" style="text-align: right" title="Number of Options Outstanding">240</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceTwoMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zsaav3bicAvh" style="text-align: right" title="Number of Options Exercisable">240</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"><span title="Grant Date"><span id="xdx_90A_ecustom--StockOptionsGrantDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zNPhEf6ce1g4" title="Grant Date">April 30, 2020</span></span></td><td> </td> <td style="text-align: justify"><span title="Expiry Date"><span id="xdx_90E_ecustom--StockOptionsExpiryDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zNX5quHE7h04" title="Expiry Date">April 30, 2030</span></span></td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zlsdEc1pRZJj" style="text-align: right" title="Exercise Price">96.25</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span><span id="xdx_90C_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_znu7D2tH6Yzl" title="Remaining Contractual Life (years)">4.07</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zhHCrspucSfd" style="text-align: right" title="Number of Options Outstanding">4,400</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceThreeMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zAtAdFuWr0ia" style="text-align: right" title="Number of Options Exercisable">4,400</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span title="Grant Date"><span id="xdx_90C_ecustom--StockOptionsGrantDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zuYXkJagxCXg" title="Grant Date">November 24, 2020</span></span></td><td> </td> <td style="text-align: justify"><span title="Expiry Date"><span id="xdx_902_ecustom--StockOptionsExpiryDate_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z2H5bC9tv4Kl" title="Expiry Date">November 24, 2030</span></span></td><td> </td> <td style="text-align: left">$</td><td id="xdx_98D_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zB40lC20DIbf" style="text-align: right" title="Exercise Price">62.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span><span id="xdx_908_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zvTa4Ln4z0g3" title="Remaining Contractual Life (years)">4.64</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zom0hbV14Coh" style="text-align: right" title="Number of Options Outstanding">1,280</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFourMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z1CJn1KVsfT7" style="text-align: right" title="Number of Options Exercisable">1,280</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"><span title="Grant Date"><span id="xdx_905_ecustom--StockOptionsGrantDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zgGn7HsmeL2" title="Grant Date">February 2, 2021</span></span></td><td> </td> <td style="text-align: justify"><span title="Expiry Date"><span id="xdx_904_ecustom--StockOptionsExpiryDate_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zDBufoC40th4" title="Expiry Date">February 2, 2031</span></span></td><td> </td> <td style="text-align: left">$</td><td id="xdx_980_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zQJRTsS68la9" style="text-align: right" title="Exercise Price">330.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span><span id="xdx_904_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zwd8ox8dFNf" title="Remaining Contractual Life (years)">4.83</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z7suIlBzgbpc" style="text-align: right" title="Number of Options Outstanding">1,200</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceFiveMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zO9EKExt5Bfg" style="text-align: right" title="Number of Options Exercisable">1,200</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span title="Grant Date"><span id="xdx_90F_ecustom--StockOptionsGrantDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zKCIhIZLXXX1" title="Grant Date">April 27, 2021</span></span></td><td> </td> <td style="text-align: justify"><span title="Expiry Date"><span id="xdx_90F_ecustom--StockOptionsExpiryDate_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zd5lNKzJqrk3" title="Expiry Date">April 27, 2031</span></span></td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_znlkpliZkY6k" style="text-align: right" title="Exercise Price">253.75</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_908_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z7rn11zYSh19" title="Remaining Contractual Life (years)">5.06</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right" title="Number of Options Outstanding"></td><td id="xdx_984_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zWgtCn94IHw9" style="text-align: right" title="Number of Options Outstanding">3,640</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right" title="Number of Options Exercisable"></td><td id="xdx_982_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSixMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zqRnPsLDaPe5" style="text-align: right" title="Number of Options Exercisable">3,640</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"><span title="Grant Date"><span id="xdx_90B_ecustom--StockOptionsGrantDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zL5DU1uvybb" title="Grant Date">September 9, 2021</span></span></td><td> </td> <td style="text-align: justify"><span title="Expiry Date"><span id="xdx_909_ecustom--StockOptionsExpiryDate_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zIxPlrkPJByd" title="Expiry Date">September 9, 2026</span></span></td><td> </td> <td style="text-align: left">$</td><td id="xdx_989_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zzrw9gFsaSul" style="text-align: right" title="Exercise Price">121.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span><span id="xdx_90F_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zp6ISGD5NUE4" title="Remaining Contractual Life (years)">0.44</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zbouJct7GR02" style="text-align: right" title="Number of Options Outstanding">1,034</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceSevenMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zPFthzR0gXg6" style="text-align: right" title="Number of Options Exercisable">1,034</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt"><span title="Grant Date"><span id="xdx_90A_ecustom--StockOptionsGrantDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zzocff0CixPi" title="Grant Date">November 9, 2023</span></span></td><td style="padding-bottom: 1pt"> </td> <td style="text-align: justify; padding-bottom: 1pt"><span title="Expiry Date"><span id="xdx_90B_ecustom--StockOptionsExpiryDate_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zHrHDOoEvJ32" title="Expiry Date">November 9, 2033</span></span></td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left">$</td><td id="xdx_989_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uCADPShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_znmtm2Bmgojf" style="padding-bottom: 1pt; text-align: right" title="Exercise Price">15.75</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"><span><span id="xdx_901_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z1rWsY6Wwu8e" title="Remaining Contractual Life (years)">7.60</span></span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z0hnpMGvz0x4" style="border-bottom: Black 1pt solid; text-align: right" title="Number of Options Outstanding">1,200</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePriceEightMember__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zuEuw4f8bmjg" style="border-bottom: Black 1pt solid; text-align: right" title="Number of Options Exercisable">1,200</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: justify; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_zMT1HPBAz3Ic" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of Options Outstanding">23,458</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__custom--PlanNamesAxis__custom--IncentiveShareCompensationPlanMember_z0x7zN258jf3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of Options Exercisable">23,458</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"></p> 2019-10-30 2029-10-30 62.50 P3Y6M29D 10464 10464 2020-04-30 2030-04-30 62.50 P4Y25D 240 240 2020-04-30 2030-04-30 96.25 P4Y25D 4400 4400 2020-11-24 2030-11-24 62.50 P4Y7M20D 1280 1280 2021-02-02 2031-02-02 330.00 P4Y9M29D 1200 1200 2021-04-27 2031-04-27 253.75 P5Y21D 3640 3640 2021-09-09 2026-09-09 121.00 P0Y5M8D 1034 1034 2023-11-09 2033-11-09 15.75 P7Y7M6D 1200 1200 23458 23458 <p id="xdx_899_eifrs-full--DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory_zblZO5uHTVu4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="display: none; font-family: Times New Roman, Times, Serif"> <span id="xdx_8B9_zFpGHlggz0d9" style="display: none">SCHEDULE OF STOCK OPTIONS OUTSTANDING</span></span></b></span></b></span></b></span></b></span><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Number of Options</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Weighted Average Exercise Price</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">Outstanding, December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_901_eifrs-full--NumberOfOutstandingShareOptions_iS_uShares_c20250101__20251231_zivKOsU27f86" title="Number of options outstanding, Beginning Balance">31,604</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eifrs-full--WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_iS_c20250101__20251231_zsa1DsSgkT0h" style="width: 16%; text-align: right" title="Weighted average exercise price, Beginning Balance">112.05</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Forfeited</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eifrs-full--NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_iN_di_uShares_c20250101__20251231_zqrJTQ8x1c8b" title="Number of options outstanding, Forfeited">(3,746</span></td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019_c20250101__20251231_za0woGPDoRf7" style="text-align: right" title="Weighted average exercise price, forfeited">113.55</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Expired</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90B_eifrs-full--NumberOfShareOptionsExpiredInSharebasedPaymentArrangement_iN_di_uShares_c20250101__20251231_zTzyA2VGX6Pb" title="Number of options outstanding, Expired">(4,000</span></td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eifrs-full--WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019_c20250101__20251231_z11NNC4bWZ04" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average exercise price, Expiired">80.00</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Outstanding, December 31, 2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eifrs-full--NumberOfOutstandingShareOptions_iS_uShares_c20260101__20260331_zdrSM2gXEEgj" title="Number of options outstanding, Beginning Balance">23,858</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98A_eifrs-full--WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_iS_c20260101__20260331_zjweGw3Ljej4" style="text-align: right" title="Weighted average exercise price, Beginning Balance">116.34</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Forfeited</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span id="xdx_903_eifrs-full--NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_iN_di_uShares_c20260101__20260331_zb8jcsEOOLYe" title="Number of options outstanding, Forfeited">(400</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019_c20260101__20260331_zczcqLcAm26" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted average exercise price, forfeited">347.50</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Outstanding, March 31, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span id="xdx_900_eifrs-full--NumberOfOutstandingShareOptions_iE_uShares_c20260101__20260331_ze62MO4iPb6h" title="Number of options outstanding, Ending Balance">23,458</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_987_eifrs-full--WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_iE_c20260101__20260331_zAyN3ydlvD2d" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted average exercise price, Ending Balance">112.39</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> 31604 112.05 3746 113.55 4000 80.00 23858 116.34 400 347.50 23458 112.39 0 1013 <p id="xdx_89C_ecustom--DisclosureOfNumberAndWeightedAverageExercisePricesOfRestrictedStockUnitsExplanatory_zfiVip1wcv3c" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As at March 31, 2026, the Company had the following RSUs outstanding:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B6_z8PaT2ryPFy6" style="display: none">SCHEDULE OF CHANGES IN RESTRICTED STOCK UNITS</span></span></span></span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Number of RSUs</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%; text-align: justify">Outstanding, December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_901_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zESAiUocN3A3" title="Number of RSUs outstanding, Beginning of the period">188,100</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Vested</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_ecustom--NumberOfInstrumentsOtherEquityInstrumentsVested_iN_di_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zgcRiJeWbojg" title="Number of RSUs,Vested">(216,738</span></td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Issued</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_901_ecustom--NumberOfInstrumentsOtherEquityInstrumentsIssued_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zOUKhQFgd8fj" title="Number of RSUs,Issued">450,964</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">Forfeited</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90E_eifrs-full--NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement_iN_di_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zMD1bhV1f4Rc" title="Number of RSUs ,Forfeited">(9,175</span></td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify; padding-bottom: 1pt">Outstanding, December 31, 2025 and March 31, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span id="xdx_902_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iE_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--RestrictedShareUnitsMember_zkLXd0FZ8Sab" title="Number of RSUs outstanding, Ending of the period">413,151</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> 188100 216738 450964 9175 413151 244064 287869 <p id="xdx_89E_ecustom--DisclosureOfFairValueInputsOfWarrantsExplanatory_zvHWty3bDohb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B6_zWuRmh8cRGt5" style="display: none">SCHEDULE OF ISSUE DATE FAIR VALUE INPUTS OF WARRANTS</span></span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold">2026 issuances</td><td> </td> <td colspan="2" style="text-align: right">February issuance</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Broker</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_908_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20260101__20260331__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--FebruaryIssuanceMember_zfXNzHeWLSke" title="Volatility">137.94</span></td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Risk free rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20260101__20260331__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--FebruaryIssuanceMember_z879UkLTR0B2" title="Risk free rate">3.45</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Expected life</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90E_ecustom--ExpectedLifeOfOptions_dtY_c20260101__20260331__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--FebruaryIssuanceMember_z0DyG79wyFp6" title="Expected life">3</span> years</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Expected dividend yield</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20260101__20260331__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--FebruaryIssuanceMember_zTt3J9i0nbWj" title="Expected dividend yield">0</span></td><td style="text-align: left">%</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left; font-weight: bold">2025 issuances</td><td style="text-align: right"> </td> <td colspan="2" style="text-align: right">May  Issuance</td><td style="text-align: right"> </td><td style="text-align: right"> </td> <td colspan="2" style="text-align: right">June Issuance</td><td style="text-align: right"> </td><td style="text-align: right"> </td> <td colspan="2" style="text-align: right">July Issuance</td><td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: right"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Broker</td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: right"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Broker</td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: right"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Broker</td><td style="padding-bottom: 1pt; text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right"><span id="xdx_90F_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--MayIssuanceMember_z9ZY5KyoTWN3" title="Volatility">122.15</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right"><span id="xdx_90F_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JuneIssuanceMember_zVy5OVwh1Vq1" title="Volatility">125.42</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right"><span id="xdx_906_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JulyIssuanceMember_zCH6JV7Wsa28" title="Volatility">131.17</span></td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Risk free rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--MayIssuanceMember_zdCiXoYeSCM9" title="Risk free rate">3.63</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JuneIssuanceMember_zJt7tfYUDfw7" title="Risk free rate">3.85</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90E_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JulyIssuanceMember_zbCwSHwacXf6" title="Risk free rate">3.89</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Expected life</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_901_ecustom--ExpectedLifeOfOptions_dtY_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--MayIssuanceMember_zuRd7YTMsQyl" title="Expected life">3</span> years</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_ecustom--ExpectedLifeOfOptions_dtY_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JuneIssuanceMember_zHXrx4QjQJag" title="Expected life">3</span> years</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90B_ecustom--ExpectedLifeOfOptions_dtY_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JulyIssuanceMember_zB4iejbX6iY2" title="Expected life">3</span> years</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Expected dividend yield</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--MayIssuanceMember_zembjyVYHPq2" title="Expected dividend yield">0</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JuneIssuanceMember_zL62iCUfsyef" title="Expected dividend yield">0</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--BrokerMember__ifrs-full--ClassesOfEntitysOwnEquityInstrumentsAxis__custom--JulyIssuanceMember_z06HFTjFL0a1" title="Expected dividend yield">0</span></td><td style="text-align: left">%</td></tr> </table> 1.3794 0.0345 P3Y 0 1.2215 1.2542 1.3117 0.0363 0.0385 0.0389 P3Y P3Y P3Y 0 0 0 <p id="xdx_896_ecustom--DisclosureOfWarrantDerivativeLiabilityExplanatory_zRAuI2yR3Bpj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Warrant Derivative Liability</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B8_z20EXEcFJbqc" style="display: none">SCHEDULE OF WARRANT DERIVATIVE LIABILITY</span></span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">Balance at December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_ecustom--CurrentWarrantFairValue_iS_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--WarrantsMember_zRWNMhgOva2d" style="width: 16%; text-align: right" title="Beginning of the period">2,198,121</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Exercised</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--SharesIssuedForExerciseOfBrokerWarrantsOfDerivatives_iN_di_c20240101__20241231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--WarrantsMember_zXFGvsHItl4a" style="text-align: right" title="Warrants exercised">(4,353,939</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Change in fair value of warrants outstanding</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_ecustom--ChangeInFairValueOfWarrantOfDerivativesOutstanding_di_c20240101__20241231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--WarrantsMember_z7OwejRNOxDb" style="border-bottom: Black 1pt solid; text-align: right" title="Change in fair value of warrants outstanding">2,648,288</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at December 31, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_989_ecustom--CurrentWarrantFairValue_iS_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--WarrantsMember_z7nGNNAQmfI4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Beginning of the period">492,470</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Pre-funded warrants issued</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98D_ecustom--PrefundedWarrantsIssued_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zX95JXtOccLe" style="font-weight: bold; text-align: right" title="Pre-funded warrants issued">20,244,448</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Warrants and pre-funded warrants exercised</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98F_ecustom--WarrantsAndPrefundedWarrantsExercised_iN_di_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z4HeCNOCHzUd" style="font-weight: bold; text-align: right" title="Warrants and pre-funded warrants exercised">(19,360,086</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Change in fair value of warrants and pre-funded outstanding</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_986_ecustom--ChangeInFairValueOfWarrantsAndPrefundedOutstanding_iN_di_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zHWP4cwnKHt" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Change in fair value of warrants and pre-funded outstanding">(1,047,731</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at March 31, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_988_ecustom--CurrentWarrantFairValue_iE_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--WarrantsMember_z7EZ3pEc7yyk" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Ending of the period">329,101</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> 2198121 4353939 -2648288 492470 20244448 19360086 1047731 329101 <p id="xdx_89B_ecustom--DisclosureOfNumberAndWeightedAverageExercisePricesOfWarrantsAndTheirFairValuesExplanatory_zYNVqUrfeBZ4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Details of liability warrants and their fair values are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B9_zjCUl2kWldWl" style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">SCHEDULE OF WARRANT AND FAIR VALUE OUTSTANDING</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Issue Date</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exercise Price</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Number of Warrants Outstanding at March 31, 2026</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <b>Fair Value at March 31, 2026</b></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Number of Warrants Outstanding at December 31, 2025</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <b>Fair Value at December 31, 2025</b></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Derivative Liability</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 35%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_909_ecustom--WarrantsIssuanceDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeOneMember_fKDEp_zL3dyDB3ECA7" title="Issue Date">February 26, 2024</span> (1)</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span>US$</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90B_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_uUSDPShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeOneMember_fKDEp_zkjdbW40rkuk" title="Exercise price">4.4025</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td id="xdx_989_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_pid_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeOneMember_fKDEp_zLEIAITEFwL9" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right" title="Number of Warrants Outstanding"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">60,715</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td id="xdx_981_ecustom--CurrentWarrantFairValue_iI_uUSD_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeOneMember_fKDEp_zVAW9ilbY3Z9" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right" title="Fair Value of warrants"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">329,101</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td id="xdx_981_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20251231__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeOneMember_fKDEp_zAExQC9HV3B4" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right" title="Number of Warrants Outstanding"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">61,911</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td id="xdx_981_ecustom--CurrentWarrantFairValue_iI_uUSD_c20251231__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeOneMember_fKDEp_ztuFIqn2Og3f" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right" title="Fair Value of warrants"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">492,470</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_900_ecustom--WarrantsIssuanceDate_dd_c20260101__20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeTwoMember_fKDIp_z7VXhc7mrDc7" title="Issue Date">February 23, 2026</span> (2)</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_904_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeTwoMember_fKDIp_zXCEYTPXYwPd" title="Exercise price">0.00014</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td id="xdx_982_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeTwoMember_fKDIp_zcqBs9QanfYg" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Number of Warrants Outstanding"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl1324">-</span></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td id="xdx_989_ecustom--CurrentWarrantFairValue_iI_c20260331__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeTwoMember_fKDIp_zmIAOMYuT6o9" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Fair Value of warrants"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl1326">-</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td id="xdx_989_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20251231__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeTwoMember_fKDIp_zM9kzAHPpwM6" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of Warrants Outstanding"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl1328">-</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td id="xdx_987_ecustom--CurrentWarrantFairValue_iI_c20251231__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--RangeTwoMember_fKDIp_zigWM2fhsZZ2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Fair Value of warrants"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl1330">-</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td id="xdx_987_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331_zhQlbr5jXdq8" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Number of Warrants Outstanding"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">60,715</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td id="xdx_983_ecustom--CurrentWarrantFairValue_iI_uUSD_c20260331_zyUclb7FFbZ8" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Fair Value of warrants"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">329,101</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td id="xdx_981_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20251231_zv3WGddp2JRj" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Number of Warrants Outstanding"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">61,911</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td id="xdx_986_ecustom--CurrentWarrantFairValue_iI_uUSD_c20251231_zPsSwAGytjx9" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Fair Value of warrants"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">492,470</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">  </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span id="xdx_F02_zNv5a3DKrLsi" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span id="xdx_F16_zQuHaQWAxfX6" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The warrants expire February 26, 2029.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_F06_zwd4ZMi4NUwg" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span id="xdx_F1C_zGUxp2bTYtrf" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These warrants were exercised during the quarter ended March 31, 2026</span></td></tr></table> 2024-02-26 4.4025 60715 329101 61911 492470 2026-02-23 0.00014 60715 329101 61911 492470 <p id="xdx_895_ecustom--DisclosureOfMeasurementInputsAndvalidationTechniquesForWarrantsExplanatory_zr609t0IhFX1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The fair values of the broker warrants were estimated using the Black-Scholes Option Pricing Model with the following weighted average assumptions:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B5_zFHyxTjPDY4d">SCHEDULE OF WEIGHTED AVERAGE ASSUMPTION FOR WARRANTS</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: justify">Risk free interest rate</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 16%; font-weight: bold; text-align: right"><span id="xdx_904_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_zElyO6QOOnl9" title="Risk free interest rate">3.66</span></td><td style="width: 1%; font-weight: bold; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_906_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_z7BAhhcK5uJc" title="Risk free interest rate">3.55</span></td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Expected volatility</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span id="xdx_901_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_zGImnkubDpFl" title="Expected volatility">140.00</span></td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_zNO68ZvgZhd4" title="Expected volatility">139.39</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expected life</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_904_ecustom--ExpectedLifeOfOptions_dtY_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_ztYrv5yC88u9" title="Expected life">2.91</span> years</b></span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_908_ecustom--ExpectedLifeOfOptions_dtY_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_zbm3zCRilnV2" title="Expected life">3.16</span> years</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">Expected dividend yield</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt; font-weight: bold; text-align: right"><span id="xdx_900_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_zfXUIFUYziBj" title="Expected dividend yield">0</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"><span id="xdx_903_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_zT9W2pn2CCnf" title="Expected dividend yield">0</span></td><td style="padding-bottom: 1pt; text-align: left">%</td></tr> </table> 0.0366 0.0355 1.4000 1.3939 P2Y10M28D P3Y1M28D 0 0 P2Y10M24D P4Y6M 3717502 5.16 12587289 5.81 11712348 4.80 4592443 6.90 2477500 11.97 2121196 0.0037 4948747 7.27 <p id="xdx_89C_ecustom--DisclosureOfSharebasedPaymentArrangementsForWarrantsOutstandingExplanatory_ztm574BKawna" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As at March 31, 2026, the Company had the following warrants outstanding:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B0_zDT3kdvHSLI5" style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">SCHEDULE OF WARRANTS OUTSTANDING</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">Date issued</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold">Expiry date</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Exercise price</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Number of warrants outstanding</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 24%; text-align: justify"><span id="xdx_906_ecustom--CompensationWarrantsIssuedDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantOneMember_z2GPO5rVHSGi" title="Date issued">October 30, 2023</span></td><td style="width: 2%"> </td> <td style="width: 22%; text-align: justify"><span id="xdx_901_ecustom--WarrantExpiryDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantOneMember_zsuOqkkv6esh" title="Expiry date">October 30, 2026</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: right">$</td><td style="width: 22%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_901_ecustom--CompensationWarrantsExercisePrice_iI_pid_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantOneMember_zMNWfMBIQYG5" title="Exercise price">23.20</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantOneMember_zJeOdcfv0FF1" style="width: 22%; text-align: right" title="Number of warrants outstanding">12,800</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span id="xdx_90A_ecustom--CompensationWarrantsIssuedDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantTwoMember_zdB8SIXBf89k" title="Date issued">February 26, 2024</span></td><td> </td> <td style="text-align: justify"><span id="xdx_908_ecustom--WarrantExpiryDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantTwoMember_z7Az0kOHojt3" title="Expiry date">February 26, 2029</span></td><td> </td> <td style="text-align: right">US$</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90E_ecustom--CompensationWarrantsExercisePrice_iI_pid_uUSDPShares_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantTwoMember_zFvQiTTMeNL1" title="Exercise price">4.4025</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantTwoMember_zYKPEwNkKwgj" style="text-align: right" title="Number of warrants outstanding">60,715</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"><span id="xdx_90C_ecustom--CompensationWarrantsIssuedDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantThreeMember_zOkQbYco2fti" title="Date issued">May 5, 2025</span></td><td> </td> <td style="text-align: justify"><span id="xdx_909_ecustom--WarrantExpiryDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantThreeMember_zaKOx9gNKYC3" title="Expiry date">May 5, 2030</span></td><td> </td> <td style="text-align: right">$</td><td style="text-align: right"><span id="xdx_90D_ecustom--CompensationWarrantsExercisePrice_iI_pid_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantThreeMember_zI3DIordXE9k" title="Exercise price">3.9779</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantThreeMember_zYpY6f79xtRh" style="text-align: right" title="Number of warrants outstanding">7,500</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span id="xdx_90D_ecustom--CompensationWarrantsIssuedDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantFourMember_zZQkmoHX2aNi" title="Date issued">June 12, 2025</span></td><td> </td> <td style="text-align: justify"><span id="xdx_906_ecustom--WarrantExpiryDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantFourMember_z8JWXc9nbL02" title="Expiry date">June 12, 2030</span></td><td> </td> <td style="text-align: right">$</td><td style="text-align: right"><span id="xdx_906_ecustom--CompensationWarrantsExercisePrice_iI_pid_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantFourMember_zXkMvHszA8xi" title="Exercise price">5.0768</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantFourMember_zZXbtJYgGlYa" style="text-align: right" title="Number of warrants outstanding">1,014,500</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"><span id="xdx_904_ecustom--CompensationWarrantsIssuedDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantFiveMember_z4T55dOhvVFe" title="Date issued">July 21, 2025</span></td><td> </td> <td style="text-align: justify"><span id="xdx_90D_ecustom--WarrantExpiryDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantFiveMember_znxyVjlpiHX6" title="Expiry date">July 21, 2030</span></td><td> </td> <td style="text-align: right">$</td><td style="text-align: right"><span id="xdx_901_ecustom--CompensationWarrantsExercisePrice_iI_pid_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantFiveMember_zOKOFmgfK5a8" title="Exercise price">7.3579</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantFiveMember_zDGKj0wfIaGd" style="text-align: right" title="Number of warrants outstanding">3,495,732</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt"><span id="xdx_90A_ecustom--CompensationWarrantsIssuedDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantSixMember_zrIVc9GCqnna" title="Date issued">February 23, 2026</span></td><td style="padding-bottom: 1pt"> </td> <td style="text-align: justify; padding-bottom: 1pt"><span id="xdx_90E_ecustom--WarrantExpiryDate_dd_c20260101__20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantSixMember_zsFLG0ddvjFd" title="Expiry date">February 23, 2029</span></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">$</td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_900_ecustom--CompensationWarrantsExercisePrice_iI_pid_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantSixMember_zRZOJv8r1sF1" title="Exercise price">11.9744</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantSixMember_z1482ILdr8z5" style="border-bottom: Black 1pt solid; text-align: right" title="Number of warrants outstanding">357,500</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_ecustom--CompensationWarrantsNumberOfWarrants_iI_pid_uShares_c20260331__ifrs-full--ClassesOfShareCapitalAxis__custom--WarrantsMember_ziLH94Hf6nN9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of warrants outstanding">4,948,747</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> 2023-10-30 2026-10-30 23.20 12800 2024-02-26 2029-02-26 4.4025 60715 2025-05-05 2030-05-05 3.9779 7500 2025-06-12 2030-06-12 5.0768 1014500 2025-07-21 2030-07-21 7.3579 3495732 2026-02-23 2029-02-23 11.9744 357500 4948747 P4Y1M28D P4Y6M <p id="xdx_80F_eifrs-full--DisclosureOfEntitysReportableSegmentsExplanatory_zkWOvAFwFEYk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>13.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82E_zVLTL5UDLZ4f">SEGMENTED INFORMATION</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As at and for the three months ended March 31, 2026 the Company operates in <span id="xdx_904_ecustom--NumberOfReportableSegment_uSegments_c20260101__20260331_zz1gXZF336ji" title="Number of reportable segment">2</span> reportable segments (as at and for the year ended December 21, 2025 – <span id="xdx_905_ecustom--NumberOfReportableSegment_uSegments_c20250101__20251231_zls0FcXkMb21" title="Number of reportable segment">2</span>). The Company organizes its two segments based on its product line as well as a corporate segment. The two segments are Drones and Corporate. The Drones segment derives its revenue from products and services related to the sale of unmanned aerial vehicles (UAV) while the Corporate segment includes all costs not directly associated with the Drone segment. The Company aggregates the information for the segments by analyzing the revenue stream and allocating direct costs to that respective segment. The Corporate segment is aggregated by relying on the entity that includes corporate costs (Draganfly Inc.).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Draganfly Inc.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Condensed Consolidated Interim Financial Statements</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the Three Months Ended March 31, 2026</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Expressed in Canadian Dollars (unaudited)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <div style="width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>13. SEGMENTED INFORMATION (<i>CONTINUED</i>)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The board of the Company relies on executive management which assesses the financial performance and position of the group and makes strategic decisions. Executive management, which has been identified as being the chief operating decision maker, consists of the chief executive officer, chief operating officer and chief financial officer.</span></p> <p id="xdx_891_eifrs-full--DisclosureOfOperatingSegmentsExplanatory_zDJ6feLCVbb7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B8_zdPFkXCPGDH9" style="display: none">SCHEDULE OF SEGMENTED INFORMATION</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">March 31, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20260101__20260331__ifrs-full--SegmentsAxis__custom--DronesMember_zsAXpbAzUNBa" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Drones</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20260101__20260331__ifrs-full--SegmentsAxis__custom--CorporatesMember_zyMro99vYEf5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Corporate</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20260101__20260331_zrnyyVGA1ZF2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40E_eifrs-full--RevenueFromSaleOfGoods_zESq6w368UZ" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%">Sales of goods</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">2,232,132</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1457">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">2,232,132</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--RevenueFromRenderingOfServices_zf7DyOc9PHV8" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Provision of services</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">80,221</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1461">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">80,221</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--Revenue_zKnVjcP9CqGh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Total revenue</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,312,353</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1465">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,312,353</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_405_ecustom--SegmentGainIncomeLoss_iN_di_z6oHuqcvEvI6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Segment loss </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">430,012</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,244,075</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,674,087</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--FinanceIncomeCost_zzn6EwE9vPR6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Finance and other costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">678,152</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1473">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">678,152</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--AdjustmentsForDepreciationExpense_zxENB1HCRS03" style="vertical-align: bottom; background-color: White"> <td>Depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">120,536</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">715</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">121,251</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--AdjustmentsForAmortisationExpense_z0CeFfDnVV86" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,805</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1481">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,805</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eifrs-full--GainsLossesOnChangeInFairValueOfDerivatives_zCgrX1TXG6l3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Change in fair value of derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1484">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,047,731</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,047,731</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--RecoveryOfWriteDownOfInventory_zNVOeYufvcvd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Write down of inventory (note 5)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">105,840</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1489">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">105,840</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--ProfitLoss_iN_di_z6zfVBPAN796" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Net loss for the period</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,336,345</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,292,521</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5,628,866</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">March 31, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20250101__20250331__ifrs-full--SegmentsAxis__custom--DronesMember_zPWOfdK80Bc8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Drones</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20250101__20250331__ifrs-full--SegmentsAxis__custom--CorporatesMember_zAJ13SuG6Jn1" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Corporate</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20250101__20250331_zWBE2jzYjqNi" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40E_eifrs-full--RevenueFromSaleOfGoods_zObWBwEi0dZb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%">Sales of goods</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">1,541,811</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1497">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">1,541,811</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--RevenueFromRenderingOfServices_z0INvDAIQGxf" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Provision of services</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">5,904</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1501">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">5,904</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--Revenue_zTpOn2I8kscj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Total revenue</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,547,715</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1505">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,547,715</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_405_ecustom--SegmentGainIncomeLoss_iN_di_zGaUuEyHb1Hl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Segment loss</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,872,918</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,295,088</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,168,006</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--FinanceIncomeCost_zjF8OjO2NJHg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Finance and other costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34,031</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1513">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34,031</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--AdjustmentsForDepreciationExpense_zDH45anoyoqh" style="vertical-align: bottom; background-color: White"> <td>Depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">72,221</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,195</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">75,416</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--AdjustmentsForAmortisationExpense_zbW4odhGkFj3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,257</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1521">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,257</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eifrs-full--GainsLossesOnChangeInFairValueOfDerivatives_zDqsUgCTjY16" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Change in fair value of derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1524">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">157,830</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">157,830</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--LossOnWriteoffOfNotesReceivable_zA6o18Cgm3kl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loss on write-off of notes receivable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1528">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,951</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,951</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_ecustom--RecoveryOfWriteDownOfInventory_zw3ekL9b7C86" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Recovery of write down of inventory (note 5)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(38,666</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1533">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(38,666</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40C_eifrs-full--ProfitLoss_iN_di_zt8BCSKToGHl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Net loss for the period</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,942,761</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,482,064</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,424,825</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8AF_zWk5yM2PfSih" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_894_eifrs-full--DisclosureOfGeographicalAreasExplanatory_zThQXb5Nowaa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Geographic revenue is measured by aggregating sales based on the country and the entity where the sale was made.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B0_zvIlGgsi1vK6" style="display: none">SCHEDULE OF GEOGRAPHIC REVENUE</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20260101__20260331_zPJ4LDyRmqMi" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20250101__20251231_zg2qIyWmGhZh" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Non-current assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%">Canada</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td id="xdx_98B_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20260331__ifrs-full--GeographicalAreasAxis__custom--CAMember_zffpjMBnGTU6" style="width: 16%; font-weight: bold; text-align: right">940,435</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_986_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20251231__ifrs-full--GeographicalAreasAxis__custom--CAMember_zlD8khWQeZQk" style="width: 16%; text-align: right">980,758</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">United States</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98F_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20260331__ifrs-full--GeographicalAreasAxis__custom--USCountryMember_znhoW3Ybe9k8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">630,470</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20251231__ifrs-full--GeographicalAreasAxis__custom--USCountryMember_zBApM1K26E39" style="border-bottom: Black 1pt solid; text-align: right">548,473</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_987_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20260331_zYVq4B5rngol" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Non-current assets">1,570,905</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_983_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20251231_zFC9ZGwoD9q5" style="border-bottom: Black 1pt solid; text-align: right" title="Non-current assets">1,529,231</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20260101__20260331_zkErlUTl2zcb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20250101__20250331_zJPJs14Sqkt5" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: justify"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the three months ended  March 31,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40A_eifrs-full--RevenueAbstract_iB_zS353VfceyNk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Revenue</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr id="xdx_405_eifrs-full--Revenue_i01_hifrs-full--GeographicalAreasAxis__custom--CAMember_zgpyFSKdDjJ5" style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: left">Canada</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">2,308,375</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">1,544,083</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--Revenue_i01_hifrs-full--GeographicalAreasAxis__custom--USCountryMember_zpkm2Lcq2ROb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">United States</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,978</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,632</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--Revenue_i01_zdeZSmadVPnc" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,312,353</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,547,715</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8AB_zrJdDyJdxDd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Draganfly Inc.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Condensed Consolidated Interim Financial Statements</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the Three Months Ended March 31, 2026</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Expressed in Canadian Dollars (unaudited)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <div style="width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> 2 2 <p id="xdx_891_eifrs-full--DisclosureOfOperatingSegmentsExplanatory_zDJ6feLCVbb7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B8_zdPFkXCPGDH9" style="display: none">SCHEDULE OF SEGMENTED INFORMATION</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">March 31, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20260101__20260331__ifrs-full--SegmentsAxis__custom--DronesMember_zsAXpbAzUNBa" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Drones</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20260101__20260331__ifrs-full--SegmentsAxis__custom--CorporatesMember_zyMro99vYEf5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Corporate</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20260101__20260331_zrnyyVGA1ZF2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40E_eifrs-full--RevenueFromSaleOfGoods_zESq6w368UZ" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%">Sales of goods</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">2,232,132</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1457">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">2,232,132</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--RevenueFromRenderingOfServices_zf7DyOc9PHV8" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Provision of services</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">80,221</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1461">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">80,221</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--Revenue_zKnVjcP9CqGh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Total revenue</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,312,353</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1465">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,312,353</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_405_ecustom--SegmentGainIncomeLoss_iN_di_z6oHuqcvEvI6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Segment loss </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">430,012</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,244,075</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,674,087</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--FinanceIncomeCost_zzn6EwE9vPR6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Finance and other costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">678,152</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1473">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">678,152</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--AdjustmentsForDepreciationExpense_zxENB1HCRS03" style="vertical-align: bottom; background-color: White"> <td>Depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">120,536</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">715</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">121,251</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--AdjustmentsForAmortisationExpense_z0CeFfDnVV86" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,805</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1481">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,805</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eifrs-full--GainsLossesOnChangeInFairValueOfDerivatives_zCgrX1TXG6l3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Change in fair value of derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1484">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,047,731</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,047,731</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--RecoveryOfWriteDownOfInventory_zNVOeYufvcvd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Write down of inventory (note 5)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">105,840</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1489">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">105,840</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--ProfitLoss_iN_di_z6zfVBPAN796" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Net loss for the period</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,336,345</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,292,521</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5,628,866</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">March 31, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20250101__20250331__ifrs-full--SegmentsAxis__custom--DronesMember_zPWOfdK80Bc8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Drones</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20250101__20250331__ifrs-full--SegmentsAxis__custom--CorporatesMember_zAJ13SuG6Jn1" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Corporate</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20250101__20250331_zWBE2jzYjqNi" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40E_eifrs-full--RevenueFromSaleOfGoods_zObWBwEi0dZb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%">Sales of goods</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">1,541,811</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1497">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">1,541,811</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--RevenueFromRenderingOfServices_z0INvDAIQGxf" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Provision of services</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">5,904</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1501">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">5,904</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--Revenue_zTpOn2I8kscj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Total revenue</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,547,715</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1505">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,547,715</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_405_ecustom--SegmentGainIncomeLoss_iN_di_zGaUuEyHb1Hl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Segment loss</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,872,918</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,295,088</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,168,006</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--FinanceIncomeCost_zjF8OjO2NJHg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Finance and other costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34,031</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1513">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34,031</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--AdjustmentsForDepreciationExpense_zDH45anoyoqh" style="vertical-align: bottom; background-color: White"> <td>Depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">72,221</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,195</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">75,416</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--AdjustmentsForAmortisationExpense_zbW4odhGkFj3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,257</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1521">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,257</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eifrs-full--GainsLossesOnChangeInFairValueOfDerivatives_zDqsUgCTjY16" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Change in fair value of derivative liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1524">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">157,830</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">157,830</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--LossOnWriteoffOfNotesReceivable_zA6o18Cgm3kl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loss on write-off of notes receivable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1528">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,951</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,951</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_ecustom--RecoveryOfWriteDownOfInventory_zw3ekL9b7C86" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Recovery of write down of inventory (note 5)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(38,666</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1533">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(38,666</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40C_eifrs-full--ProfitLoss_iN_di_zt8BCSKToGHl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Net loss for the period</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,942,761</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,482,064</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,424,825</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> 2232132 2232132 80221 80221 2312353 2312353 -430012 -3244075 -3674087 678152 678152 120536 715 121251 1805 1805 1047731 1047731 105840 105840 -1336345 -4292521 -5628866 1541811 1541811 5904 5904 1547715 1547715 -1872918 -1295088 -3168006 34031 34031 72221 3195 75416 2257 2257 157830 157830 25951 25951 -38666 -38666 -1942761 -1482064 -3424825 <p id="xdx_894_eifrs-full--DisclosureOfGeographicalAreasExplanatory_zThQXb5Nowaa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Geographic revenue is measured by aggregating sales based on the country and the entity where the sale was made.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B0_zvIlGgsi1vK6" style="display: none">SCHEDULE OF GEOGRAPHIC REVENUE</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20260101__20260331_zPJ4LDyRmqMi" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">March 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20250101__20251231_zg2qIyWmGhZh" style="border-bottom: Black 1pt solid; text-align: right">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Non-current assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%">Canada</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td id="xdx_98B_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20260331__ifrs-full--GeographicalAreasAxis__custom--CAMember_zffpjMBnGTU6" style="width: 16%; font-weight: bold; text-align: right">940,435</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_986_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20251231__ifrs-full--GeographicalAreasAxis__custom--CAMember_zlD8khWQeZQk" style="width: 16%; text-align: right">980,758</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">United States</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98F_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20260331__ifrs-full--GeographicalAreasAxis__custom--USCountryMember_znhoW3Ybe9k8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">630,470</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20251231__ifrs-full--GeographicalAreasAxis__custom--USCountryMember_zBApM1K26E39" style="border-bottom: Black 1pt solid; text-align: right">548,473</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_987_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20260331_zYVq4B5rngol" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Non-current assets">1,570,905</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_983_eifrs-full--NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_iI_c20251231_zFC9ZGwoD9q5" style="border-bottom: Black 1pt solid; text-align: right" title="Non-current assets">1,529,231</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20260101__20260331_zkErlUTl2zcb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20250101__20250331_zJPJs14Sqkt5" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: justify"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the three months ended  March 31,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40A_eifrs-full--RevenueAbstract_iB_zS353VfceyNk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Revenue</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr id="xdx_405_eifrs-full--Revenue_i01_hifrs-full--GeographicalAreasAxis__custom--CAMember_zgpyFSKdDjJ5" style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: left">Canada</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">2,308,375</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">1,544,083</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--Revenue_i01_hifrs-full--GeographicalAreasAxis__custom--USCountryMember_zpkm2Lcq2ROb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">United States</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,978</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,632</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--Revenue_i01_zdeZSmadVPnc" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,312,353</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,547,715</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 940435 980758 630470 548473 1570905 1529231 2308375 1544083 3978 3632 2312353 1547715 <p id="xdx_80C_eifrs-full--DisclosureOfOtherOperatingExpenseExplanatory_zHUttmb2xVu6" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>14. <span id="xdx_827_z5F8Bf6ZjTJf">OFFICE AND MISCELLANEOUS</span></b> </span></p> <p id="xdx_897_ecustom--DisclosureOfOtherAndMiscellaneousExplanatory_zfHMKA8FbBw9" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> <span id="xdx_8B3_zK3sXagGRl4i" style="display: none">SCHEDULE OF OFFICE AND MISCELLANEOUS EXPENSES</span></b></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="margin: 0"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20260101__20260331_zLbIjWWafRcf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20250101__20250331_z7R65M1NdFc7" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the three months ended March 31,</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40F_eifrs-full--AdvertisingExpense_maMOOEzdlr_zRhYL8jBPEB6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Advertising, marketing, and investor relations</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">528,214</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">223,984</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_ecustom--ComplianceFees_maMOOEzdlr_znnlhXorrN1i" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Compliance fees</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">115,631</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">79,095</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--BusinessDevelopmentExpenses_maMOOEzdlr_zAyQzV3ykpj6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Business development</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">572,589</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">53,908</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--GeneralFreight_maMOOEzdlr_zLQ8v47wIKI4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">General freight</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">118,827</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">69,250</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--SubscriptionMembershipItSupport_maMOOEzdlr_zqnXoayfeMDf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Subscription, membership &amp; IT support</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">182,181</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">57,773</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--GeneralOffice_maMOOEzdlr_z7hGytZhzXCj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">General office</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">368,666</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">220,509</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--MiscellaneousOtherOperatingExpense_iT_pp0p0_mtMOOEzdlr_zNTV1MuKZkL5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Office and Miscellaneous Expenses</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,886,108</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">704,519</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8AE_zZ0dllKeukai" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_897_ecustom--DisclosureOfOtherAndMiscellaneousExplanatory_zfHMKA8FbBw9" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> <span id="xdx_8B3_zK3sXagGRl4i" style="display: none">SCHEDULE OF OFFICE AND MISCELLANEOUS EXPENSES</span></b></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="margin: 0"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20260101__20260331_zLbIjWWafRcf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20250101__20250331_z7R65M1NdFc7" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the three months ended March 31,</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40F_eifrs-full--AdvertisingExpense_maMOOEzdlr_zRhYL8jBPEB6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Advertising, marketing, and investor relations</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">528,214</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">223,984</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_ecustom--ComplianceFees_maMOOEzdlr_znnlhXorrN1i" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Compliance fees</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">115,631</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">79,095</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--BusinessDevelopmentExpenses_maMOOEzdlr_zAyQzV3ykpj6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Business development</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">572,589</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">53,908</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--GeneralFreight_maMOOEzdlr_zLQ8v47wIKI4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">General freight</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">118,827</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">69,250</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--SubscriptionMembershipItSupport_maMOOEzdlr_zqnXoayfeMDf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Subscription, membership &amp; IT support</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">182,181</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">57,773</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--GeneralOffice_maMOOEzdlr_z7hGytZhzXCj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">General office</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">368,666</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">220,509</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--MiscellaneousOtherOperatingExpense_iT_pp0p0_mtMOOEzdlr_zNTV1MuKZkL5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Office and Miscellaneous Expenses</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,886,108</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">704,519</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 528214 223984 115631 79095 572589 53908 118827 69250 182181 57773 368666 220509 1886108 704519 <p id="xdx_802_eifrs-full--DisclosureOfOtherOperatingIncomeExpenseExplanatory_zQHHl0XxoPJc" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>15.</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82D_zc0A3ohO1524">OTHER EXPENSE</span></b></span></p> <p id="xdx_892_ecustom--ScheduleOfOtherExpensesExplanatory_zMV5t3Evl053" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B3_zNkEhap0z9mh" style="display: none">SCHEDULE OF OTHER EXPENSES</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20260101__20260331_z4pW5uL2cAKf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20250101__20250331_zWT3fIU0nqrj" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the three months ended March 31,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_404_ecustom--ShareIssueRelatedCosts_maOIEz0Ic_zy7DDPApy6g5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">Share issue costs</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">2,412,431</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1592">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_ecustom--WriteOffOfAccountsPayableReceivable_maOIEz0Ic_zp3FNHdoHhkk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Write off of accounts (payable) receivable</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">15,217</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(24,473</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--OtherExpense_maOIEz0Ic_zUnyqttOptF5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Other</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(200</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">23</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_407_ecustom--OtherIncomeExpenses_iT_mtOIEz0Ic_zk7B5uEGPF46" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total Other expenses</span></span></span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,427,448</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">(24,450</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> </table> <p id="xdx_8A9_zjTLJ4YNFhI8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_892_ecustom--ScheduleOfOtherExpensesExplanatory_zMV5t3Evl053" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B3_zNkEhap0z9mh" style="display: none">SCHEDULE OF OTHER EXPENSES</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20260101__20260331_z4pW5uL2cAKf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20250101__20250331_zWT3fIU0nqrj" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the three months ended March 31,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_404_ecustom--ShareIssueRelatedCosts_maOIEz0Ic_zy7DDPApy6g5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">Share issue costs</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">2,412,431</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1592">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_ecustom--WriteOffOfAccountsPayableReceivable_maOIEz0Ic_zp3FNHdoHhkk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Write off of accounts (payable) receivable</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">15,217</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(24,473</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--OtherExpense_maOIEz0Ic_zUnyqttOptF5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Other</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(200</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">23</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_407_ecustom--OtherIncomeExpenses_iT_mtOIEz0Ic_zk7B5uEGPF46" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total Other expenses</span></span></span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,427,448</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">(24,450</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> </table> 2412431 15217 -24473 -200 23 2427448 -24450 <p id="xdx_800_eifrs-full--DisclosureOfRelatedPartyExplanatory_znFlsAs2mWe3" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>16.</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82F_zsUmAEF9Rin1">RELATED PARTY TRANSACTIONS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On August 1, 2019, the Company entered in a business services agreement (the “Agreement”) with Business Instincts Group (“BIG”), a company that Cameron Chell, CEO and director has a material interest in that he previously controlled, to provide: corporate development and governance, strategic facilitation and management, general business services, office space, corporate business development video content, website redesign and management, and online visibility management. The services are provided by a team of consultants and the costs of all charges are based on the fees set in the Agreement. For the three months ended March 31, 2026, the Company incurred fees of $<span id="xdx_90F_eifrs-full--ProfessionalFeesExpense_c20260101__20260331__ifrs-full--ServiceConcessionArrangementsAxis__custom--BusinessServicesAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BusinessInstinctsGroupMember_zKiQoRa1MZM3" title="Professional fees">99,577</span> (2025 - $<span id="xdx_900_eifrs-full--ProfessionalFeesExpense_c20250101__20250331__ifrs-full--ServiceConcessionArrangementsAxis__custom--BusinessServicesAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BusinessInstinctsGroupMember_zzen8QxyVtzk" title="Professional fees">93,283</span>). As at March 31, 2026, the Company was indebted to this company in the amount of $<span id="xdx_909_eifrs-full--AmountsPayableRelatedPartyTransactions_iI_dxL_c20260331__ifrs-full--ServiceConcessionArrangementsAxis__custom--BusinessServicesAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BusinessInstinctsGroupMember_zESskZiHAVn2" title="Indebted amount::XDX::-"><span style="-sec-ix-hidden: xdx2ixbrl1609">nil</span></span> (2025 - $<span id="xdx_909_eifrs-full--AmountsPayableRelatedPartyTransactions_iI_c20250331__ifrs-full--ServiceConcessionArrangementsAxis__custom--BusinessServicesAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BusinessInstinctsGroupMember_z4a8Mmytujrk" title="Indebted amount">9,524</span>).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On October 1, 2019, the Company entered into an independent consultant agreement (“Consultant Agreement”) with 1502372 Alberta Ltd, a company controlled by Cameron Chell, CEO and director, to provide executive consulting services to the Company. The costs of all charges are based on the fees set in the Consultant Agreement. For the three months ended March 31, 2026, the Company incurred fees of $<span id="xdx_90F_eifrs-full--ProfessionalFeesExpense_c20260101__20260331__ifrs-full--ServiceConcessionArrangementsAxis__custom--IndependentConsultantAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--AlbertaLtdMember_zcTc2b1Y6UE1" title="Incurred fees">155,193</span> (2025 - $<span id="xdx_900_eifrs-full--ProfessionalFeesExpense_c20250101__20250331__ifrs-full--ServiceConcessionArrangementsAxis__custom--IndependentConsultantAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--AlbertaLtdMember_zCJF41VfDj32" title="Incurred fees">104,226</span>). As at March 31, 2026, the Company was indebted to this company in the amount of $<span id="xdx_905_eifrs-full--AmountsPayableRelatedPartyTransactions_iI_dxL_c20260331__ifrs-full--ServiceConcessionArrangementsAxis__custom--IndependentConsultantAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--AlbertaLtdMember_zwzZHFQFUdl3" title="Indebted amount::XDX::-"><span style="-sec-ix-hidden: xdx2ixbrl1617">nil</span></span> (2025 - $<span id="xdx_90F_eifrs-full--AmountsPayableRelatedPartyTransactions_iI_dxL_c20250331__ifrs-full--ServiceConcessionArrangementsAxis__custom--IndependentConsultantAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--AlbertaLtdMember_zzEEwlwqzTIa" title="Indebted amount::XDX::-"><span style="-sec-ix-hidden: xdx2ixbrl1619">nil</span></span>).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.15pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On July 3, 2020, the Company entered into an executive consultant agreement (“Executive Agreement”) with Scott Larson, a director of the Company, to provide executive consulting services, as President, to the Company. On May 9, 2022, Scott Larson ceased to be President of the Company and entered into an agreement to provide executive consulting services to the Company and all fees are set in the consulting agreement. For the three months ended March 31, 2026, the Company incurred fees of $<span id="xdx_903_eifrs-full--ProfessionalFeesExpense_c20260101__20260331__ifrs-full--ServiceConcessionArrangementsAxis__custom--ExecutiveConsultantAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ScottLarsonMember_zZgUbpthSq3j" title="Incurred fees">61,666</span> (2025 - $<span id="xdx_904_eifrs-full--ProfessionalFeesExpense_c20250101__20250331__ifrs-full--ServiceConcessionArrangementsAxis__custom--ExecutiveConsultantAgreementMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ScottLarsonMember_zmZqV4BXuLy2" title="Incurred fees">2,861</span>). As of January 19, 2026 the contract for consulting services was terminated.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.15pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the three months ended March 31, 2026 and 2025 salary and commissions were paid to family members of key management. In addition, during 2025, one family member was paid as a contractor prior to becoming an employee. The amounts paid for March 31, 2026 were $<span id="xdx_903_ecustom--SalaryAndCommissions_c20260101__20260331_zsN2JMrbywjf" title="Salary and commissions">76,795</span> (2025 - $<span id="xdx_90F_ecustom--SalaryAndCommissions_c20250101__20250331_zVC6DSkoPWmd" title="Salary and commissions">19,053</span>).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.15pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.15pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.15pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.15pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.15pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.15pt 0pt 0; text-align: justify"></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Draganfly Inc.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Condensed Consolidated Interim Financial Statements</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the Three Months Ended March 31, 2026</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Expressed in Canadian Dollars (unaudited)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.15pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></span></p> <div style="width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.15pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.15pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.15pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>16. RELATED PARTY TRANSACTIONS (<i>CONTINUED</i>)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.15pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As at March 31, 2026, the Company had $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJFTEFURUQgUEFSVFkgVFJBTlNBQ1RJT05TIChEZXRhaWxzIE5hcnJhdGl2ZSkA" id="xdx_908_eifrs-full--AmountsPayableRelatedPartyTransactions_iI_c20260331_zJC2i7xnzwSh" title="Payable to related parties">117,309</span> (2025 - $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJFTEFURUQgUEFSVFkgVFJBTlNBQ1RJT05TIChEZXRhaWxzIE5hcnJhdGl2ZSkA" id="xdx_90F_eifrs-full--AmountsPayableRelatedPartyTransactions_iI_c20250331_z38sf4Vk1qrf" title="Payable to related parties">155,475</span>) payable to related parties that was included in accounts payable. The balances outstanding are unsecured, non-interest bearing and due on demand.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Key management compensation</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_896_eifrs-full--DisclosureOfInformationAboutKeyManagementPersonnelExplanatory_z7AqssZFpRU6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Key management personnel include those persons having authority and responsibility for planning, directing and controlling the activities of the Company as a whole. Compensation awarded to key management for the three months ended March 31, 2026 and 2025 included:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B5_zFCJWJ1PT2uj" style="display: none">SCHEDULE OF KEY COMPENSATION AWARDS</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49F_20260101__20260331_zCx1Pa6Qji49" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20250101__20250331_zy1U5akuHwMh" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the three months ended March 31,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_409_ecustom--KeyManagementPersonnelCompensationDirectorFees_maKMPCzUDQ_z4BjfVZBvqY9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Director fees</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">119,498</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">132,651</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_ecustom--KeyManagementPersonnelCompensationSalaries_maKMPCzUDQ_zmH6JRJB9ocb" style="vertical-align: bottom; background-color: White"> <td>Salaries</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">371,908</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">217,510</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eifrs-full--KeyManagementPersonnelCompensationSharebasedPayment_maKMPCzUDQ_zRAz1YT2F4Yi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Share-based payments</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">150,360</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">194,200</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--KeyManagementPersonnelCompensation_iT_pp0p0_mtKMPCzUDQ_zNUEUWC7GVLb" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">641,766</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">544,361</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8A8_zEPgvwqQgze1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_89D_eifrs-full--DisclosureOfTransactionsBetweenRelatedPartiesExplanatory_zl43eYOzZo14" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Other related party transactions</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> <span id="xdx_8B3_zYXPUtdtL1W" style="display: none">SCHEDULE OF KEY MANAGEMENT TRANSACTIONS</span></b></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; display: none; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" id="xdx_496_20260101__20260331__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zj3P0xavcN42" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2026</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" id="xdx_493_20250101__20250331__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_z485yqkyDzMj" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2025</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="6" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the three months ended March 31,</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2026</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2025</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_406_eifrs-full--KeyManagementPersonnelCompensation_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--CEOAndDirectorMember_zmq8LesKTq4l" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 60%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management fees paid to a company controlled by CEO and director</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 16%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">155,193</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 16%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">104,226</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_40F_eifrs-full--KeyManagementPersonnelCompensation_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--CEOMember_zY2Ggrn7rZm7" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management fees paid to a company that the CEO holds an economic interest in</span></td><td style="font: bold 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">99,577</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">93,283</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_40F_eifrs-full--KeyManagementPersonnelCompensation_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--SalaryAndCommissionMember_zSAqkCKamlgd" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Salary and commission paid to family of key management</span></td><td style="font: bold 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">76,795</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">19,053</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_406_eifrs-full--KeyManagementPersonnelCompensation_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--DirectorsMember_zU9w5oW7FYWd" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management fees paid to a company controlled by a director</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">61,666</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,861</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_408_eifrs-full--KeyManagementPersonnelCompensation_zjmfNH3O5gpa" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Management fees paid to a company, total</span><span style="font-family: Times New Roman, Times, Serif"> </span></span></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">393,231</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">219,423</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p id="xdx_8AA_zPae0QEPQpP" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> 99577 93283 9524 155193 104226 61666 2861 76795 19053 117309 155475 <p id="xdx_896_eifrs-full--DisclosureOfInformationAboutKeyManagementPersonnelExplanatory_z7AqssZFpRU6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Key management personnel include those persons having authority and responsibility for planning, directing and controlling the activities of the Company as a whole. Compensation awarded to key management for the three months ended March 31, 2026 and 2025 included:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B5_zFCJWJ1PT2uj" style="display: none">SCHEDULE OF KEY COMPENSATION AWARDS</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49F_20260101__20260331_zCx1Pa6Qji49" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20250101__20250331_zy1U5akuHwMh" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">For the three months ended March 31,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_409_ecustom--KeyManagementPersonnelCompensationDirectorFees_maKMPCzUDQ_z4BjfVZBvqY9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Director fees</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 16%; font-weight: bold; text-align: right">119,498</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">132,651</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_ecustom--KeyManagementPersonnelCompensationSalaries_maKMPCzUDQ_zmH6JRJB9ocb" style="vertical-align: bottom; background-color: White"> <td>Salaries</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">371,908</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">217,510</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eifrs-full--KeyManagementPersonnelCompensationSharebasedPayment_maKMPCzUDQ_zRAz1YT2F4Yi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Share-based payments</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">150,360</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">194,200</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--KeyManagementPersonnelCompensation_iT_pp0p0_mtKMPCzUDQ_zNUEUWC7GVLb" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">641,766</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">544,361</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 119498 132651 371908 217510 150360 194200 641766 544361 <p id="xdx_89D_eifrs-full--DisclosureOfTransactionsBetweenRelatedPartiesExplanatory_zl43eYOzZo14" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Other related party transactions</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> <span id="xdx_8B3_zYXPUtdtL1W" style="display: none">SCHEDULE OF KEY MANAGEMENT TRANSACTIONS</span></b></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; display: none; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" id="xdx_496_20260101__20260331__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_zj3P0xavcN42" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2026</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" id="xdx_493_20250101__20250331__ifrs-full--CategoriesOfRelatedPartiesAxis__ifrs-full--OtherRelatedPartiesMember_z485yqkyDzMj" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2025</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="6" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the three months ended March 31,</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2026</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2025</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_406_eifrs-full--KeyManagementPersonnelCompensation_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--CEOAndDirectorMember_zmq8LesKTq4l" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 60%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management fees paid to a company controlled by CEO and director</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 16%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">155,193</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 16%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">104,226</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_40F_eifrs-full--KeyManagementPersonnelCompensation_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--CEOMember_zY2Ggrn7rZm7" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management fees paid to a company that the CEO holds an economic interest in</span></td><td style="font: bold 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">99,577</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">93,283</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_40F_eifrs-full--KeyManagementPersonnelCompensation_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--SalaryAndCommissionMember_zSAqkCKamlgd" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Salary and commission paid to family of key management</span></td><td style="font: bold 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">76,795</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">19,053</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_406_eifrs-full--KeyManagementPersonnelCompensation_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--DirectorsMember_zU9w5oW7FYWd" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management fees paid to a company controlled by a director</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">61,666</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,861</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_408_eifrs-full--KeyManagementPersonnelCompensation_zjmfNH3O5gpa" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Management fees paid to a company, total</span><span style="font-family: Times New Roman, Times, Serif"> </span></span></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">393,231</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">219,423</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> 155193 104226 99577 93283 76795 19053 61666 2861 393231 219423 <p id="xdx_80A_eifrs-full--DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory_zCbi5B6NJHO9" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>17.</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82B_zP8JBzr4306f">FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company is exposed in varying degrees to a variety of financial instrument related risks. The Board of Directors approves and monitors the risk management processes, inclusive of documented investment policies, counterparty limits, and controlling and reporting structures. The type of risk exposure and the way in which such exposure is managed is provided as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Credit risk</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Credit risk is the risk that of an unexpected loss if a customer or third party fails to meet its contractual obligations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company is subject to credit risk on its cash and receivables. The Company limits its exposure to credit loss on cash by placing its cash with a high-quality financial institution. The Company performs credit evaluations of its customers to reduce the credit risk of receivable balances.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Draganfly Inc.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Condensed Consolidated Interim Financial Statements</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the Three Months Ended March 31, 2026</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Expressed in Canadian Dollars (unaudited)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <div style="width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>17. FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT (<i>CONTINUED</i>)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Receivables</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Receivables primarily consist of trade receivables, accrued receivables and taxes receivable. The Corporation’s exposure to credit risk is associated with trade receivables and the potential risk that any customer is unable to pay amounts due. Allowances for doubtful accounts and bad debts are estimated as at the balance sheet date. The amounts reported for trade receivables on the balance sheet are net of allowances for doubtful accounts and the net carrying value represents the Corporation’s maximum exposure to credit risk.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management reviews past due trade receivables balances on a continuous basis to monitor potential credit risks. Accounts are considered for impairment on a case-by-case basis when they are past due or when objective evidence is received that a customer may default. A number of factors are considered in determining the likelihood of impairment. All bad debt write-offs and changes in the doubtful trade receivables reserve are expensed or credited, as applicable, to selling expenses in the condensed consolidated interim statement of comprehensive loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Draganfly believes that credit risk associated with its trade receivables is limited for the following reasons:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 20.25pt"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18pt">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trade receivables balances are spread amongst a broad customer base;</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 20.25pt"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18pt">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The aging profile of trade receivables balances is systematically monitored by management; and</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 20.25pt"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18pt">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Payments for larger orders are requested at least partially in advance of products being shipped</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 1.05pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 1.05pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Foreign exchange risk </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Foreign currency risk is the risk that the fair values of future cash flows of a financial instrument will fluctuate because they are denominated in currencies that differ from the respective functional currency. The Company does not hedge its exposure to fluctuations in foreign exchange rates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 1.05pt 0 35.45pt; text-align: justify; text-indent: -35.45pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table summarizes the sensitivity of the fair value of the Company’s risk to foreign exchange rates, with all other variables held constant. Fluctuations of 10 percent in the foreign exchange rate between US dollars and Canadian dollars could have resulted in a change impacting net loss upon consolidation as follows:</span></p> <p id="xdx_898_ecustom--DisclosureOfDetailedInformationAboutForeignExchangeRiskExplanatory_ziiVxSPO0DL9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B6_z79Sjhc4Bbna" style="display: none">SCHEDULE OF FOREIGN EXCHANGE RISK</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td><b> </b></td><td style="padding-bottom: 1pt"><b> </b></td> <td colspan="10" style="border-bottom: Black 1pt solid; text-align: right"><b>March 31, 2026</b></td><td style="padding-bottom: 1pt"><b> </b></td><td style="padding-bottom: 1pt"><b> </b></td> <td colspan="10" style="border-bottom: Black 1pt solid; text-align: right"><b>March 31, 2025</b></td><td style="padding-bottom: 1pt"><b> </b></td></tr> <tr style="vertical-align: bottom"> <td><b> </b></td><td style="padding-bottom: 1pt"><b> </b></td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><b>USD</b></td><td style="padding-bottom: 1pt"><b> </b></td><td style="padding-bottom: 1pt"><b> </b></td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><b>Change in currency</b></td><td style="padding-bottom: 1pt"><b> </b></td><td style="padding-bottom: 1pt"><b> </b></td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><b>Effect on after tax loss</b></td><td style="padding-bottom: 1pt"><b> </b></td><td style="padding-bottom: 1pt"><b> </b></td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><b>USD</b></td><td style="padding-bottom: 1pt"><b> </b></td><td style="padding-bottom: 1pt"><b> </b></td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><b>Change in currency</b></td><td style="padding-bottom: 1pt"><b> </b></td><td style="padding-bottom: 1pt"><b> </b></td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><b>Effect on after tax loss</b></td><td style="padding-bottom: 1pt"><b> </b></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 28%; text-align: left">Net monetary assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eifrs-full--FinancialAssetsAtFairValue_iI_uUSD_c20260331_zk0hYguPELBl" style="width: 8%; text-align: right" title="Non monetary assets">103,619,836</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_ecustom--FinancialAssetsChangeInCurrencyPercentage_iI_pid_dp_uPure_c20260331_zuIZ8w48AB3e" style="width: 8%; text-align: right" title="Net monetary assets change in currency percentage">10</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uUSD_c20260101__20260331_zoSKqJeR8kD7" style="width: 8%; text-align: right" title="Net monetary assets Effect on after tax loss">14,479,030</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eifrs-full--FinancialAssetsAtFairValue_iI_uUSD_c20250331_zDD46eRkutp7" style="width: 8%; text-align: right" title="Non monetary assets">1,299,964</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_989_ecustom--FinancialAssetsChangeInCurrencyPercentage_iI_pid_dp_uPure_c20250331_zAddNeL8Mkr5" style="width: 8%; text-align: right" title="Net monetary assets change in currency percentage">10</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uUSD_c20250101__20250331_zGTrwAHJsOf4" style="width: 8%; text-align: right" title="Net monetary assets Effect on after tax loss">210,406</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Net monetary liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eifrs-full--FinancialLiabilities_iNI_di_uUSD_c20260331_zhi55DNEOisc" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities">(532,842</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_ecustom--FinancialLiabilitiesChangeInCurrencyPercentage_iI_pid_dp_uPure_c20260331_z17GPvAiDCa4" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities change in currency percentage">10</td><td style="padding-bottom: 1pt; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--NetMonetaryLiabilitiesGainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_iN_di_uUSD_c20260101__20260331_z7tYG6phboLh" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities effect on after tax loss">(74,273</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eifrs-full--FinancialLiabilities_iNI_di_uUSD_c20250331_zYeLeel4ojK2" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities">(111,440</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_ecustom--FinancialLiabilitiesChangeInCurrencyPercentage_iI_pid_dp_uPure_c20250331_zdYyBJmBKyr" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities change in currency percentage">10</td><td style="padding-bottom: 1pt; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_ecustom--NetMonetaryLiabilitiesGainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_iN_di_uUSD_c20250101__20250331_ztdPOeRIyDk9" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities effect on after tax loss">(16,022</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> </table> <p id="xdx_8A3_zqbxtpnVfCl4" style="font: 10pt Times New Roman, Times, Serif; margin: 0 1.05pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Fair value</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A number of the Company’s accounting policies and disclosures require the measurement of fair values for financial assets and liabilities. The Company has established a control framework with respect to the measurement of fair values. Fair values are categorized into different levels of a fair value hierarchy based on the inputs used in the valuation techniques as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 1: quoted (unadjusted) prices in active markets for identical assets or liabilities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 2: other techniques for which all inputs which have a significant effect on the recorded fair value are observable, either directly or indirectly.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 3: techniques which use inputs which have a significant effect on the recorded fair value that are not based on observable market data.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash, equity securities in investee companies and warrants are measured at fair value. The financial assets and liabilities measured at fair value by hierarchy are shown in the table below. The amounts shown are based on the amounts recognized in the condensed consolidated interim statements of financial position. These financial assets and liabilities are measured at fair value through profit and loss.</span></p> <p id="xdx_893_eifrs-full--DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory_zazPAQg1s0Db" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BB_zd0XMZcXqRqd" style="display: none">SCHEDULE OF FINANCIAL ASSETS MEASURED FAIR VALUE THROUGH PROFIT AND LOSS</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold"><b>March 31, 2026</b></td><td style="padding-bottom: 1pt"><b> </b></td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right"><b>Level 1</b></td><td style="padding-bottom: 1pt"><b> </b></td><td style="padding-bottom: 1pt"><b> </b></td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right"><b>Level 3</b></td><td style="padding-bottom: 1pt"><b> </b></td><td style="padding-bottom: 1pt"><b> </b></td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right"><b>Total</b></td><td style="padding-bottom: 1pt"><b> </b></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%">Cash</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_eifrs-full--Cash_iI_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zyiR5P1Ow1Hh" style="width: 14%; text-align: right" title="Cash">147,339,721</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eifrs-full--Cash_iI_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_z63UrswFFxwe" style="width: 14%; text-align: right" title="Cash"><span style="-sec-ix-hidden: xdx2ixbrl1696">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eifrs-full--Cash_iI_c20260331_zHVHYHLZvIkh" style="width: 14%; text-align: right" title="Cash">147,339,721</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Equity securities in investee companies</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_z44YNFiwSlie" style="text-align: right" title="Equity securities in investee companies">28,571</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zbzOb6cTjLdb" style="text-align: right" title="Equity securities in investee companies"><span style="-sec-ix-hidden: xdx2ixbrl1702">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20260331_z8cX1qYDwoij" style="text-align: right" title="Equity securities in investee companies">28,571</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Derivative liability</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_988_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zv6GKzkjyavd" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Derivative liability"><span style="-sec-ix-hidden: xdx2ixbrl1706">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zNyTYXZN6051" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liability">(329,101</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20260331_zlYBlfLOwSE9" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liability">(329,101</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Total</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_981_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zf6wXr78w5dg" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">147,368,292</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_98A_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_di_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zCLRdjv6H7Zj" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">(329,101</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_98B_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_c20260331_zy6On0054sqg" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">147,039,191</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">December 31, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Level 1</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Level 3</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%">Cash</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eifrs-full--Cash_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zMa0JzRKXh1a" style="width: 14%; text-align: right" title="Cash">90,156,821</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eifrs-full--Cash_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zjHX0P006PT3" style="width: 14%; text-align: right" title="Cash"><span style="-sec-ix-hidden: xdx2ixbrl1720">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eifrs-full--Cash_iI_c20251231_zMokuNoGYpCa" style="width: 14%; text-align: right" title="Cash">90,156,821</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Equity securities in investee companies</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zMMNBfCnQsEb" style="text-align: right" title="Equity securities in investee companies">71,429</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zz3sE6zJNGi2" style="text-align: right" title="Equity securities in investee companies"><span style="-sec-ix-hidden: xdx2ixbrl1726">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20251231_zBbOtMc6xJh5" style="text-align: right" title="Equity securities in investee companies">71,429</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Derivative liability</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zZk27cAIXroc" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liability"><span style="-sec-ix-hidden: xdx2ixbrl1730">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zq6ZiOacok16" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liability">(492,470</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20251231_zHVWTB53ck39" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liability">(492,470</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Total</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_988_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zjjGEToKX456" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">90,228,250</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_980_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_di_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zI2wo3DMc8f7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">(492,470</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_98D_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_c20251231_zt2wSTmcHOfi" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">89,735,780</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A3_zL6cehuJjLI3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Draganfly Inc.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Condensed Consolidated Interim Financial Statements</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the Three Months Ended March 31, 2026</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Expressed in Canadian Dollars (unaudited)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <div style="width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>17. FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT (<i>CONTINUED</i>)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table shows the valuation techniques used in measuring Level 3 fair values for the derivative liability as well as the significant unobservable inputs used.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 15%"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Type</b></span></p></td> <td style="width: 2%"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 20%"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Valuation technique</b></span></p></td> <td style="width: 2%"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 25%"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Key inputs</b></span></p></td> <td style="width: 2%"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 34%; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Inter-relationship between significant inputs and fair value measurement</b></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Warrant derivative liability</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The fair value of the warrants derivative liability at initial recognition and at year end has been calculated using the Black Scholes Option Pricing Model</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Key observable inputs</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.2pt; text-indent: -10.2pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">● Share price</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.2pt; text-indent: -10.2pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">● Risk free interest rate</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.2pt; text-indent: -10.2pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">● Dividend yield</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Key unobservable inputs</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.2pt; text-indent: -10.2pt">● Expected volatility</p></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The estimated fair value would increase (decrease) if:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 11.75pt; text-indent: -11.75pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">● The price was higher (lower)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 11.75pt; text-indent: -11.75pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">● The risk-free rate was higher (lower)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 11.75pt; text-indent: -11.75pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">● The dividend yield was lower (higher)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 11.75pt; text-indent: -11.75pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">● The expected volatility was higher (lower)</span></p></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_899_eifrs-full--DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory_zmt5t6oi4A44" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the fair value of the derivative liability, reasonable possible changes to the expected volatility, the most significant unobservable input would have the following effects:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B2_z1FI46NDQ6b9" style="display: none">SCHEDULE OF FAIR VALUE FOR DERIVATIVE LIABILITY</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"></td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="padding-bottom: 1pt"></td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">Impact on comprehensive loss</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Unobservable Inputs</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Change</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Three months ended March 31, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Year ended December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; width: 52%">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"><span id="xdx_908_ecustom--IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedPercentage_dp_c20260101__20260331__ifrs-full--UnobservableInputsAxis__ifrs-full--HistoricalVolatilityForSharesMeasurementInputMember_z0e44bU1Gt2d" title="Change">20</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98F_eifrs-full--IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInOtherComprehensiveIncomeAfterTaxLiabilities_c20260101__20260331__ifrs-full--UnobservableInputsAxis__ifrs-full--HistoricalVolatilityForSharesMeasurementInputMember_ztCcu8ICgtG2" style="width: 12%; text-align: right" title="Impact on comprehensive loss">22,330</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98E_eifrs-full--IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInOtherComprehensiveIncomeAfterTaxLiabilities_c20250101__20251231__ifrs-full--UnobservableInputsAxis__ifrs-full--HistoricalVolatilityForSharesMeasurementInputMember_zW8JbyaKid7" style="width: 12%; text-align: right" title="Impact on comprehensive loss">25,437</td><td style="width: 1%; text-align: left"> </td></tr> </table> <p id="xdx_8A7_z4jfUa7wTWZ2" style="font: 10pt/110% Arial, Helvetica, Sans-Serif; margin: 0pt 0"> </p> <p id="xdx_898_ecustom--DisclosureOfDetailedInformationAboutForeignExchangeRiskExplanatory_ziiVxSPO0DL9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B6_z79Sjhc4Bbna" style="display: none">SCHEDULE OF FOREIGN EXCHANGE RISK</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td><b> </b></td><td style="padding-bottom: 1pt"><b> </b></td> <td colspan="10" style="border-bottom: Black 1pt solid; text-align: right"><b>March 31, 2026</b></td><td style="padding-bottom: 1pt"><b> </b></td><td style="padding-bottom: 1pt"><b> </b></td> <td colspan="10" style="border-bottom: Black 1pt solid; text-align: right"><b>March 31, 2025</b></td><td style="padding-bottom: 1pt"><b> </b></td></tr> <tr style="vertical-align: bottom"> <td><b> </b></td><td style="padding-bottom: 1pt"><b> </b></td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><b>USD</b></td><td style="padding-bottom: 1pt"><b> </b></td><td style="padding-bottom: 1pt"><b> </b></td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><b>Change in currency</b></td><td style="padding-bottom: 1pt"><b> </b></td><td style="padding-bottom: 1pt"><b> </b></td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><b>Effect on after tax loss</b></td><td style="padding-bottom: 1pt"><b> </b></td><td style="padding-bottom: 1pt"><b> </b></td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><b>USD</b></td><td style="padding-bottom: 1pt"><b> </b></td><td style="padding-bottom: 1pt"><b> </b></td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><b>Change in currency</b></td><td style="padding-bottom: 1pt"><b> </b></td><td style="padding-bottom: 1pt"><b> </b></td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><b>Effect on after tax loss</b></td><td style="padding-bottom: 1pt"><b> </b></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 28%; text-align: left">Net monetary assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eifrs-full--FinancialAssetsAtFairValue_iI_uUSD_c20260331_zk0hYguPELBl" style="width: 8%; text-align: right" title="Non monetary assets">103,619,836</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_ecustom--FinancialAssetsChangeInCurrencyPercentage_iI_pid_dp_uPure_c20260331_zuIZ8w48AB3e" style="width: 8%; text-align: right" title="Net monetary assets change in currency percentage">10</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uUSD_c20260101__20260331_zoSKqJeR8kD7" style="width: 8%; text-align: right" title="Net monetary assets Effect on after tax loss">14,479,030</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eifrs-full--FinancialAssetsAtFairValue_iI_uUSD_c20250331_zDD46eRkutp7" style="width: 8%; text-align: right" title="Non monetary assets">1,299,964</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_989_ecustom--FinancialAssetsChangeInCurrencyPercentage_iI_pid_dp_uPure_c20250331_zAddNeL8Mkr5" style="width: 8%; text-align: right" title="Net monetary assets change in currency percentage">10</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uUSD_c20250101__20250331_zGTrwAHJsOf4" style="width: 8%; text-align: right" title="Net monetary assets Effect on after tax loss">210,406</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Net monetary liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eifrs-full--FinancialLiabilities_iNI_di_uUSD_c20260331_zhi55DNEOisc" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities">(532,842</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_ecustom--FinancialLiabilitiesChangeInCurrencyPercentage_iI_pid_dp_uPure_c20260331_z17GPvAiDCa4" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities change in currency percentage">10</td><td style="padding-bottom: 1pt; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--NetMonetaryLiabilitiesGainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_iN_di_uUSD_c20260101__20260331_z7tYG6phboLh" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities effect on after tax loss">(74,273</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eifrs-full--FinancialLiabilities_iNI_di_uUSD_c20250331_zYeLeel4ojK2" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities">(111,440</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_ecustom--FinancialLiabilitiesChangeInCurrencyPercentage_iI_pid_dp_uPure_c20250331_zdYyBJmBKyr" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities change in currency percentage">10</td><td style="padding-bottom: 1pt; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_ecustom--NetMonetaryLiabilitiesGainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_iN_di_uUSD_c20250101__20250331_ztdPOeRIyDk9" style="border-bottom: Black 1pt solid; text-align: right" title="Net monetary liabilities effect on after tax loss">(16,022</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> </table> 103619836 0.10 14479030 1299964 0.10 210406 532842 0.10 74273 111440 0.10 16022 <p id="xdx_893_eifrs-full--DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory_zazPAQg1s0Db" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BB_zd0XMZcXqRqd" style="display: none">SCHEDULE OF FINANCIAL ASSETS MEASURED FAIR VALUE THROUGH PROFIT AND LOSS</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold"><b>March 31, 2026</b></td><td style="padding-bottom: 1pt"><b> </b></td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right"><b>Level 1</b></td><td style="padding-bottom: 1pt"><b> </b></td><td style="padding-bottom: 1pt"><b> </b></td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right"><b>Level 3</b></td><td style="padding-bottom: 1pt"><b> </b></td><td style="padding-bottom: 1pt"><b> </b></td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right"><b>Total</b></td><td style="padding-bottom: 1pt"><b> </b></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%">Cash</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_eifrs-full--Cash_iI_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zyiR5P1Ow1Hh" style="width: 14%; text-align: right" title="Cash">147,339,721</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eifrs-full--Cash_iI_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_z63UrswFFxwe" style="width: 14%; text-align: right" title="Cash"><span style="-sec-ix-hidden: xdx2ixbrl1696">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eifrs-full--Cash_iI_c20260331_zHVHYHLZvIkh" style="width: 14%; text-align: right" title="Cash">147,339,721</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Equity securities in investee companies</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_z44YNFiwSlie" style="text-align: right" title="Equity securities in investee companies">28,571</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zbzOb6cTjLdb" style="text-align: right" title="Equity securities in investee companies"><span style="-sec-ix-hidden: xdx2ixbrl1702">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20260331_z8cX1qYDwoij" style="text-align: right" title="Equity securities in investee companies">28,571</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Derivative liability</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_988_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zv6GKzkjyavd" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Derivative liability"><span style="-sec-ix-hidden: xdx2ixbrl1706">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zNyTYXZN6051" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liability">(329,101</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20260331_zlYBlfLOwSE9" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liability">(329,101</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Total</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_981_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zf6wXr78w5dg" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">147,368,292</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_98A_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_di_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zCLRdjv6H7Zj" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">(329,101</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_98B_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_c20260331_zy6On0054sqg" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">147,039,191</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">December 31, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Level 1</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Level 3</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%">Cash</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eifrs-full--Cash_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zMa0JzRKXh1a" style="width: 14%; text-align: right" title="Cash">90,156,821</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eifrs-full--Cash_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zjHX0P006PT3" style="width: 14%; text-align: right" title="Cash"><span style="-sec-ix-hidden: xdx2ixbrl1720">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eifrs-full--Cash_iI_c20251231_zMokuNoGYpCa" style="width: 14%; text-align: right" title="Cash">90,156,821</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Equity securities in investee companies</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zMMNBfCnQsEb" style="text-align: right" title="Equity securities in investee companies">71,429</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zz3sE6zJNGi2" style="text-align: right" title="Equity securities in investee companies"><span style="-sec-ix-hidden: xdx2ixbrl1726">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfEquity_iI_c20251231_zBbOtMc6xJh5" style="text-align: right" title="Equity securities in investee companies">71,429</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Derivative liability</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zZk27cAIXroc" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liability"><span style="-sec-ix-hidden: xdx2ixbrl1730">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zq6ZiOacok16" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liability">(492,470</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_ecustom--CurrentFinancialAssetsAtFairValueThroughProfitOrLossOfDerivativeLiability_iI_c20251231_zHVWTB53ck39" style="border-bottom: Black 1pt solid; text-align: right" title="Derivative liability">(492,470</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Total</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_988_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zjjGEToKX456" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">90,228,250</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_980_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_di_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zI2wo3DMc8f7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">(492,470</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_98D_eifrs-full--CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_iI_c20251231_zt2wSTmcHOfi" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total">89,735,780</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> 147339721 147339721 28571 28571 -329101 -329101 147368292 329101 147039191 90156821 90156821 71429 71429 -492470 -492470 90228250 492470 89735780 <p id="xdx_899_eifrs-full--DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory_zmt5t6oi4A44" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the fair value of the derivative liability, reasonable possible changes to the expected volatility, the most significant unobservable input would have the following effects:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B2_z1FI46NDQ6b9" style="display: none">SCHEDULE OF FAIR VALUE FOR DERIVATIVE LIABILITY</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"></td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="padding-bottom: 1pt"></td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">Impact on comprehensive loss</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Unobservable Inputs</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Change</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Three months ended March 31, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">Year ended December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; width: 52%">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"><span id="xdx_908_ecustom--IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedPercentage_dp_c20260101__20260331__ifrs-full--UnobservableInputsAxis__ifrs-full--HistoricalVolatilityForSharesMeasurementInputMember_z0e44bU1Gt2d" title="Change">20</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98F_eifrs-full--IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInOtherComprehensiveIncomeAfterTaxLiabilities_c20260101__20260331__ifrs-full--UnobservableInputsAxis__ifrs-full--HistoricalVolatilityForSharesMeasurementInputMember_ztCcu8ICgtG2" style="width: 12%; text-align: right" title="Impact on comprehensive loss">22,330</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98E_eifrs-full--IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInOtherComprehensiveIncomeAfterTaxLiabilities_c20250101__20251231__ifrs-full--UnobservableInputsAxis__ifrs-full--HistoricalVolatilityForSharesMeasurementInputMember_zW8JbyaKid7" style="width: 12%; text-align: right" title="Impact on comprehensive loss">25,437</td><td style="width: 1%; text-align: left"> </td></tr> </table> 0.20 22330 25437 <p id="xdx_801_eifrs-full--DisclosureOfEventsAfterReportingPeriodExplanatory_zud06S6iCeti" style="font: 10pt/110% Arial, Helvetica, Sans-Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>18. <span id="xdx_825_zwAi1izp2Vs2">SUBSEQUENT EVENT</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On April 15, 2026 the company granted <span id="xdx_90A_ecustom--SharesGranted_c20260415__20260415__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsMember_zWnCkCpSQKOa" title="Shares granted">2,011,903</span> RSU’s to employees, executives and directors with a total value of $<span id="xdx_902_eifrs-full--ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets_pn5n6_c20260415__20260415__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsMember_zWeFtiRwd8y7" title="Total value">8.4</span> million. <span id="xdx_903_ecustom--SharesGranted_c20260415__20260415__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsMember__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_z4ESN7yATTYe" title="Shares granted">1,320,445</span> of the RSU’s issued to executives have performance criteria for vesting to occur.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> 2011903 8400000 1320445 The warrants expire February 26, 2029. These warrants were exercised during the quarter ended March 31, 2026