| Schedule of Share Based Payment Arrangement Option Activity |
A
summary of stock option activity for the stock option plans for the quarter ended March 31, 2026 and the year ended December 31, 2025
are as follows:
Schedule
of Share Based Payment Arrangement Option Activity
| | |
Number of options | | |
Weighted average exercise price | |
| Outstanding December 31, 2024 | |
| 10,359,750 | | |
$ | 0.31 | |
| | |
| | | |
| | |
| Granted | |
| 2,158,333 | | |
| 0.18 | |
| Expired | |
| (1,930,400 | ) | |
| (0.33 | ) |
| Cancelled | |
| (110,000 | ) | |
| (0.19 | ) |
| Outstanding December 31, 2025 | |
| 10,477,683 | | |
$ | 0.29 | |
| | |
| | | |
| | |
| Cancelled | |
| (55,000 | ) | |
| (0.16 | ) |
| Expired | |
| (789,600 | ) | |
| (0.39 | ) |
| | |
| | | |
| | |
| Outstanding March 31, 2026 | |
| 9,633,083 | | |
$ | 0.28 | |
|
| Schedule of Share Based Payment Arrangement Option Exercise Price Range |
The
following table summarizes information concerning outstanding and exercisable stock options at March 31, 2026:
Schedule
of Share Based Payment Arrangement Option Exercise Price Range
Exercise
prices per share | | |
Number outstanding | | |
Number exercisable | | |
Expiry date | |
| | CAD$0.20 | | |
| 2,238,750 | | |
| 1,074,600 | | |
| March 25, 2029 | |
| | CAD$0.25 | | |
| 2,088,333 | | |
| 292,367 | | |
| August 21, 2030 | |
| | CAD$0.30 | | |
| 1,805,000 | | |
| 1,335,700 | | |
| February 21, 2028 | |
| | CAD$0.50 | | |
| 2,295,000 | | |
| 2,249,100 | | |
| February 1, 2027 | |
| | CAD$0.66 | | |
| 200,000 | | |
| 200,000 | | |
| July 12, 2026 | |
| | CAD$1.02 | | |
| 1,006,000 | | |
| 1,006,000 | | |
| April 6, 2026 | |
| | | | |
| 9,633,083 | | |
| 6,157,767 | | |
| | |
|