The reconciliation of basic and diluted net loss per common share for the three and six months ended June 30, 2026 and 2025 was as follows:


	Three Months Ended June 30,						Six Months Ended June 30,
	2026			2025			2026			2025
Net loss
Basic and diluted	$	(75,978	)	$	(86,071	)	$	(127,974	)	$	(108,410	)

Net loss per common share
Basic	$	(1.13	)	$	(1.29	)	$	(1.91	)	$	(1.62	)
Diluted	$	(1.13	)	$	(1.29	)	$	(1.91	)	$	(1.62	)

Weighted average number of common shares outstanding:
Basic (a)		67,039,238			66,914,282			67,002,092			66,903,741
Diluted		67,039,238			66,914,282			67,002,092			66,903,741

(a)

For the three and six months ended June 30, 2026, the weighted average number of common shares outstanding excludes 25,000 restricted shares which have been issued, but have not vested as of June 30, 2026 (2025 – 111,732 restricted shares) and includes vested Equity DSUs.

The calculation of diluted net loss per common share does not assume the exercise of any instruments that would have an anti-dilutive effect on net loss per common share. Non-vested instruments excluded from the calculation of net loss per common share because they were anti-dilutive for the three and six months ended June 30, 2026 and 2025 were as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
PSUs		3,182,672		5,169,040		3,182,672		5,169,040
Restricted shares		25,000		111,732		25,000		111,732
RSUs		1,245,383		—		1,245,383		—
Equity DSUs		116,250		101,956		116,250		101,956