| Investments |
The following tables outline changes in investments
during the period ended June 30, 2026:
| |
|
|
|
|
|
Balance at
December 31,
2025 |
|
|
Additions |
|
|
Disposals |
|
|
Change in fair value through profit or loss |
|
|
Effects of foreign exchange |
|
|
Balance at
June 30,
2026 |
|
| Entity |
|
Instrument |
|
Note |
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
|
| A2ZCryptoCap Inc. |
|
Shares |
|
(i) |
|
|
3,794 |
|
|
|
- |
|
|
|
- |
|
|
|
1,273 |
|
|
|
- |
|
|
|
5,067 |
|
| Royal Bank of Canada |
|
GIC |
|
(ii) |
|
|
21,889 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(777 |
) |
|
|
21,112 |
|
| Gamestop |
|
Shares |
|
(iii) |
|
|
40,158 |
|
|
|
- |
|
|
|
- |
|
|
|
4,002 |
|
|
|
- |
|
|
|
44,160 |
|
| Genius Group Ltd |
|
Shares |
|
(iv) |
|
|
21,906 |
|
|
|
- |
|
|
|
(12,407 |
) |
|
|
(9,499 |
) |
|
|
- |
|
|
|
- |
|
| JZR Gold |
|
Warrants |
|
(v) |
|
|
371,333 |
|
|
|
- |
|
|
|
- |
|
|
|
(267,833 |
) |
|
|
- |
|
|
|
103,500 |
|
| SLV |
|
Shares |
|
(vi) |
|
|
- |
|
|
|
50,855 |
|
|
|
- |
|
|
|
(13,986 |
) |
|
|
- |
|
|
|
36,869 |
|
| |
|
|
|
|
|
|
459,080 |
|
|
|
50,855 |
|
|
|
(12,407 |
) |
|
|
(286,043 |
) |
|
|
(777 |
) |
|
|
210,708 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
|
|
210,708 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-current |
|
|
|
210,708 |
|
| (i) | On June 23, 2022, the Company acquired 80,000 shares of A2ZCryptoCap
Inc. for C$0.10 per share. As at June 30, 2026, the fair value of the shares was determined based on the quoted market price of the shares
of C$0.09 per share (December 31, 2025 – C$0.065). |
| ii) | During the year ended December 31, 2024, the Company purchased
four GICs for a total amount of C$4,030,000 from RBC with maturity dates ranging from February 14, 2025, to September 12, 2025. The GICs
pay variable interest ranging from 4.20% to 4.95% per annum. As of June 30, 2026, the total balance outstanding was C$30,000 (December
31, 2025 – C$30,000) as three GICs out of the four were effectively redeemed during the year ended December 31, 2024. |
| iii) | On July 18, 2025, the Company purchased 2,000 shares of GameStop
Corp. (NYSE: GME) for a total amount of $48,516 (C$66,561) for $23.55 per share. As at June 30, 2026, the fair value of the shares was
determined based on the quoted market price of $22.08 per share resulting in a gain on change in fair value of $4,002 for the six months
ended June 30, 2026. |
| iv) | On July 25, 2025, the Company purchased 40,000 shares of Genius
Group Limited (AMEX: GNS) for a total amount of $49,009 (C$67,237) for a weighted average price of $1.20 per share. On July 28, 2025,
the Company sold 1,871 shares of GNS for a total amount of $2,217 (C$3,043). During the six months ended June 30, 2026, the remaining
38,129 shares valued at $12,407 prior to sale, were sold for total proceeds of $12,428, resulting in a realized gain on sale of investments
of $21. |
| v) | On July 22, 2025, the Company acquired 1,666,667 units at a
price of C$0.30 per unit of JZR Gold Inc (“JZR”) for $364,800 (C$500,000). Each unit is comprised of one common share in
the capital of JZR and one non-transferable common share purchase warrant to acquire one common share at a price of C$0.40 per warrant
share. |
| ● | The Company sold 1,666,667 common shares on December 10, 2025, with a fair value of $283,097 (C$391,667),
for total proceeds of $458,290, resulting in a realized gain on sale of investments of $175,194. As of June 30, 2026, there were no outstanding
shares. |
| ● | The 1,666,667 associated warrants, valued at $150,639 on acquisition date using the Black Scholes model,
had a fair value of $103,500 as at June 30, 2026, resulting in a loss on change in fair value of $267,833 and for the six months ended
June 30, 2026. |
The fair value of the warrants was determined
using the Black-Scholes option pricing model and the following assumptions as at the following dates:
| | | July 22,
2025 | | | December 31,
2025 | | | June 30,
2026 | | | Share price (CDN) | | $ | 0.460 | | | $ | 0.465 | | | $ | 0.255 | | | Exercise price | | $ | 0.29 | | | $ | 0.29 | | | $ | 0.28 | | | Expected dividend yield | | | - | | | | - | | | | - | | | Risk free interest rate | | | 2.78 | % | | | 2.55 | % | | | 2.71 | % | | Expected life | | | 2.00 | | | | 1.56 | | | | 1.06 | | | Expected volatility | | | 135.64 | % | | | 140.17 | % | | | 117.71 | % |
(vi) On April 16, 2026, the Company purchased
700 shares of iShares Silver Trust (“SLV”) for a total amount of $50,855 for $72.65 per share. As at June 30, 2026, the fair
value of the shares was determined based on the quoted market price of $52.67 per share resulting in a loss on change in fair value of
$13,986 for the six months ended June 30, 2026.
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