​

  ​ ​ ​

Fair Value

  ​ ​ ​

March 31, 

  ​ ​ ​

December 31, 

Categories of Financial Instruments

​

Hierarchy

​

2026

​

2025

Financial assets

​

​

​

  ​

​

  ​

Amortized cost

​

​

​

  ​

​

  ​

Cash

—

$

119,682

$

117,633

Commodity taxes and other receivables

—

​

​

727

​

​

664

​

​

​

$

120,409

$

118,297

​

​

​

​

​

​

​

​

​

Financial liabilities

​

​

​

​

​

​

​

​

Amortized cost

​

​

​

​

​

​

​

​

Accounts payable and accrued liabilities (Note 11)

—

$

53,858

$

46,048

Fair value through profit or loss

​

​

​

​

​

​

​

​

Royalty liability (Note 8)

Level 3

​

​

145,000

​

​

145,000

Warrants liability (Note 12)

Level 3

​

​

2,689

​

​

13,351

​

​

​

$

201,547

$

204,399