Basic net loss per share is calculated based on the weighted average number of common shares outstanding during the period. Diluted net loss per share is based on the assumption that potential dilutive shares have been issued. The calculation of basic and diluted loss per share is as follows:


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Net loss	$	(52,527)	$	(30,215)	$	(131,128)	$	(71,420)

Basic and diluted weighted average shares outstanding	861,071,221		608,167,841		849,153,360		520,243,077



Basic and diluted net loss per share	$	(0.06)	$	(0.05)	$	(0.15)	$	(0.14)

Convertible debentures of 149,350,644, stock options of 5,684,307, PSUs of 11,332,188, DSUs of 2,102,259, and warrants of 195,977,078 (Note 8 and Note 9) were excluded from the computation of diluted weighted average shares outstanding for the three and six months ended June 30, 2026 (June 30, 2025 - convertible debentures of 71,703,563, stock options of 9,189,418, PSUs of 6,678,000 and warrants of 235,099,025, respectively) as their effect would be anti-dilutive. As of June 30, 2026, the conversion value of the 2026 Convertible Debentures was less than their principal amount.