v3.26.1
Convertible debentures (Tables)
12 Months Ended
Dec. 31, 2025
Convertible Debentures  
Schedule of Fair Value Assumptions of Conversion Features

The relative fair value of the warrants and conversion features were determined using the Black-Scholes Option Pricing Model using the assumptions set out as follows:

 

   April 20, 2023 
Risk-free interest rate   3.86%
Expected volatility   101.71119.94%
Dividend yield   0%
Expected life   2.03–- 2.19 years 
Schedule of Convertible Debt

A continuity schedule of the Company’s convertible debt is as follows:

 

Balance as at December 31, 2023  $10,329,719 
Repayment   (1,312,073)
Conversion   (737)
Accretion   880,320 
Interest   1,317,458 
Currency translation adjustment   (849,694)
Balance as at December 31, 2024  $10,364,993 
Repayment through the issuance of shares   (649,851)
Extension fee (Note 14)   (61,379)
Gain on modification   (503,624)
Accretion   858,838 
Interest   1,288,067 
Currency translation adjustment   526,771 
Balance as at December 31, 2025  $11,823,815 
Current  $11,823,815 
Long-term  $-