v3.26.1
Shareholders' Equity (Tables)
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

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

 

$

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

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

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

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

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

MPSU's  
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