Shareholders' Equity (Tables)
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6 Months Ended |
Jun. 30, 2026 |
| Schedule of share-based compensation recognized in the consolidated statement of operations |
| | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | In thousands of U.S. Dollars | | 2026 | | 2025 | | 2026 | | 2025 | Exploration and pre-development | | $ | 445 | | $ | 582 | | $ | 1,194 | | $ | 1,125 | General and administration | | | 771 | | | (107) | | | 1,777 | | | 566 | Total | | $ | 1,216 | | $ | 475 | | $ | 2,971 | | $ | 1,691 |
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| Summary of share purchase option activity within the Company's share-based compensation plan |
| | | | | | | | Number of | | Weighted Average | | | Options | | Exercise Price (C$) | Balance December 31, 2025 | | 288,000 | | $ | 10.59 | Options expired | | (20,000) | | | 11.80 | Options exercised | | (223,000) | | | 10.78 | Options cancelled or forfeited | | (45,000) | | | 9.13 | Balance June 30, 2026 | | — | | $ | — |
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| Schedule of activity for RSUs awarded |
| | | | | | | | | | Weighted Average | | | Share | | Grant Date | | | Units | | Fair Value | Unvested, December 31, 2025 | | 546,614 | | $ | 5.70 | Granted | | 135,544 | | | 30.45 | Distributed (vested) | | (324,739) | | | 4.67 | Cancelled | | (39,888) | | | 10.69 | Unvested, June 30, 2026 | | 317,531 | | $ | 16.69 |
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| Schedule of restricted share units expected to vest |
| | | Remainder of 2026 | | 7,929 | 2027 | | 170,175 | 2028 | | 97,915 | 2029 | | 41,512 | Total | | 317,531 |
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| Schedule of activity for performance share units |
| | | | | | | | | | Weighted Average | | | Share | | Grant Date | | | Units | | Fair Value | Unvested, December 31, 2025 | | 632,892 | | $ | 7.34 | Granted | | 123,852 | | | 50.70 | Added by performance factor | | 130,788 | | | 5.98 | Distributed | | (424,034) | | | 6.13 | Cancelled | | (69,236) | | | 10.78 | Unvested, June 30, 2026 | | 394,262 | | $ | 21.21 |
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| Schedule of performance share units expected to vest |
| | | Remainder of 2026 | | 58,500 | 2027 | | 107,191 | 2028 | | 98,626 | 2029 | | 129,945 | Total | | 394,262 |
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| Schedule of activity in DSUs awarded |
| | | | | | | | | | Weighted Average | | | Share | | Grant Date | | | Units | | Fair Value | Outstanding, December 31, 2025 | | 347,258 | | $ | 4.60 | Granted | | 25,150 | | | 28.26 | Distributed | | — | | | — | Outstanding, June 30, 2026 | | 372,408 | | $ | 6.20 |
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| MPSU's |
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| Schedule of assumptions to value options and performance shares |
| | | | | | | | | | 2026 | | 2025 | | Grant date fair value | | $ | 50.70 | | $ | 12.53 | | Risk-free interest rate | | | 3.52 | % | | 4.15 | % | Expected term (in years) | | | 3.0 | | | 3.0 | | Expected share price volatility | | | 58.55 | % | | 55.16 | % | Expected dividend yield | | | Nil | | | Nil | |
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