v3.26.1
Share-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
Activity of outstanding stock options under the Stock Option Plan for the six months ended June 30, 2026 are as follows:
Number of stock options
Weighted average exercise price (CAD)
Balance, December 31, 20255,835,459 C$4.37
Exercisable, December 31, 20255,359,459 C$4.25
Exercised(75,234)2.71
Forfeited/expired(391,502)4.76
Balance, June 30, 20265,368,723 C$4.36
Exercisable, June 30, 20265,368,723 C$4.36
A summary of the Company’s unvested stock option activity under the Stock Option Plan for the six months ended June 30, 2026 is as follows:
Number of stock options
Weighted Average Grant Date Fair Value (CAD)
Outstanding, December 31, 2025
476,000
C$2.79
Vested
(465,750)
2.79 
Forfeited
(10,250)
2.71 
Outstanding, June 30, 2026
-
C$0.00
Activity of outstanding stock options under the LTIP for the six months ended June 30, 2026 is as follows:
Number of stock optionsWeighted average exercise price (USD)
Balance, December 31, 20251,060,000 
$
3.21 
Granted330,000 
2.18 
Balance, June 30, 20261,390,000 
$
2.97 
Exercisable, June 30, 2026146,250 
$
3.14 
A summary of the Company’s unvested stock option activity under the LTIP is as follows:
Number of SharesWeighted Average Grant Date Fair Value (USD)
Outstanding, December 31, 2025
1,060,000
$
3.21 
Granted
330,000
2.18 
Vested
(146,250)
3.14 
Outstanding, June 30, 2026
1,243,750
$
2.95 
Schedule of Option Exercise Price Range
As of June 30, 2026, stock options under the Stock Option Plan outstanding and exercisable were as follows:

Options Outstanding
Options Exercisable
June 30, 2026
June 30, 2026
Option price per share (CAD)
Options #
Weighted average remaining life (years)
Weighted average exercise price (CAD)
Options #
Weighted average exercise price (CAD)
C$2.40 - 3.79
1,723,807 
0.55
C$2.97
1,723,807 
C$2.97
C$4.20 - 5.76
3,644,916 
1.17
C$5.02
3,644,916 
C$5.02
5,368,723 
1.72
C$4.36
5,368,723 
C$4.36
As of June 30, 2026, stock options outstanding and exercisable under the LTIP were as follows:

Options OutstandingOptions Exercisable
June 30, 2026June 30, 2026
Option price per share Options #Weighted average remaining life (years)Weighted average exercise price (USD)Options #Weighted average exercise price (USD)
$2.13 - $3.47
1,390,000 
5.37
$
2.97 
146,250 
$
3.14 
1,390,000 
5.37
$
2.97 
146,250 
$
3.14 
Schedule of Options Using the Black-Scholes Option Pricing Model, Weighted-Average Assumptions Used The weighted average assumptions used in calculating the fair values as of June 30, 2026, are as follows:
June 30, 2026
Exercise price$2.18
Share price$2.18
Risk-free rate3.91%
Expected life (in years)5.74
Expected volatility78.51%
Expected dividend yield0.00%
Weighted average fair value$1.49 
Summary of RSU and Performance Plan Activity The following table summarizes the Company’s RSU activity for the six months ended June 30, 2026:
Number of
RSUs		Weighted Average
Remaining Vesting
Term (years)		Weighted Average
Grant Date Fair Value
(USD)
Balance, December 31, 20253,926,4252.42$3.36 
Granted132,000 2.012.27
Vested(47,025)-
3.47 
Forfeited(112,164)-
3.47 
Balance, June 30, 20263,899,2361.96$3.31 
The following table summarizes the Company’s PSU activity for the six months ended June 30, 2026:
Number of
PSUs		Weighted Average
Remaining Vesting
Term (years)		Weighted Average
Grant Date Fair Value
(USD)
Balance, December 31, 2025--$- 
Granted300,000 2.512.13
Balance, June 30, 2026300,0002.51$2.13