v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Common Shares
Additional Capital
Accumulated Deficit
Total
Beginning balance at Dec. 31, 2024 $ 668,665 $ 35,375 $ (595,181) $ 108,859
Beginning balance (in shares) at Dec. 31, 2024 70,266,550      
Share based compensation   1,216   1,216
Share units distributed $ 4,906 (4,906)    
Share units distributed (in shares) 921,294      
Exercise of share purchase options $ 1,062 (382)   680
Exercise of share purchase options (in shares) 98,000      
Net loss for the period     (8,205) (8,205)
Ending balance at Mar. 31, 2025 $ 674,633 31,303 (603,386) 102,550
Ending balance (in shares) at Mar. 31, 2025 71,285,844      
Beginning balance at Dec. 31, 2024 $ 668,665 35,375 (595,181) 108,859
Beginning balance (in shares) at Dec. 31, 2024 70,266,550      
Net loss for the period       (14,231)
Ending balance at Jun. 30, 2025 $ 1,089,214 29,941 (609,412) 509,743
Ending balance (in shares) at Jun. 30, 2025 103,872,262      
Beginning balance at Mar. 31, 2025 $ 674,633 31,303 (603,386) 102,550
Beginning balance (in shares) at Mar. 31, 2025 71,285,844      
Shares sold through offering, net of costs $ 411,108     411,108
Shares sold through offering, net of costs (in shares) 32,197,757      
Share based compensation   476   476
Share units distributed $ 922 (922)    
Share units distributed (in shares) 195,661      
Exercise of share purchase options $ 2,551 (916)   1,635
Exercise of share purchase options (in shares) 193,000      
Net loss for the period     (6,026) (6,026)
Ending balance at Jun. 30, 2025 $ 1,089,214 29,941 (609,412) 509,743
Ending balance (in shares) at Jun. 30, 2025 103,872,262      
Beginning balance at Dec. 31, 2025 $ 1,490,420 66,454 (695,573) 861,301
Beginning balance (in shares) at Dec. 31, 2025 124,124,030      
Share based compensation   1,755   1,755
Share units distributed $ 2,549 (2,549)    
Share units distributed (in shares) 602,661      
Exercise of share purchase options $ 2,773 (1,027)   1,746
Exercise of share purchase options (in shares) 223,000      
Net loss for the period     (48,627) (48,627)
Ending balance at Mar. 31, 2026 $ 1,495,742 64,633 (744,200) 816,175
Ending balance (in shares) at Mar. 31, 2026 124,949,691      
Beginning balance at Dec. 31, 2025 $ 1,490,420 66,454 (695,573) 861,301
Beginning balance (in shares) at Dec. 31, 2025 124,124,030      
Net loss for the period       (146,168)
Ending balance at Jun. 30, 2026 $ 1,496,526 65,065 (841,741) 719,850
Ending balance (in shares) at Jun. 30, 2026 125,095,803      
Beginning balance at Mar. 31, 2026 $ 1,495,742 64,633 (744,200) 816,175
Beginning balance (in shares) at Mar. 31, 2026 124,949,691      
Share based compensation   1,216   1,216
Share units distributed $ 784 (784)    
Share units distributed (in shares) 146,112      
Net loss for the period     (97,541) (97,541)
Ending balance at Jun. 30, 2026 $ 1,496,526 $ 65,065 $ (841,741) $ 719,850
Ending balance (in shares) at Jun. 30, 2026 125,095,803