Share capital and reserves (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Notes and other explanatory information [abstract] |
|
| Schedule of Warrants Outstanding |
The
changes in warrants during the six months ended June 30, 2026 and the year ended December 31, 2025 are as follows:
Schedule of Warrants Outstanding
| |
June
30, 2026 |
December
31, 2025 |
| |
Number
outstanding |
Weighted
average exercise price (C$) |
Number
outstanding |
Weighted
average exercise price (C$) |
| Balance,
opening |
23,852,600 |
0.19 |
50,626,581 |
0.20 |
| Finders’
warrants |
— |
— |
2,864,850 |
0.20 |
| Exercised |
(21,367,800) |
0.18 |
(27,182,726) |
0.19 |
| Expired |
(524,800) |
0.21 |
(2,456,105) |
0.25 |
| Balance,
closing |
1,960,000 |
0.25 |
23,852,600 |
0.19 |
|
| Disclosure of Fair Value Measurement Assumptions for Finders’ Warrants |
The
fair value of the finders’ warrants issued in year ended December 31, 2025 was determined using the Black-Scholes option
price modelling with the following assumptions:
Disclosure of Fair Value Measurement Assumptions for Finders’ Warrants
Year
ended
December
31, 2025
|
|
Finder’s
warrants |
| |
|
|
| Average
stock price (C$) |
|
0.08 |
| Average
exercise price (C$) |
|
0.08 |
| Average
risk-free interest rate (%) |
|
2.44 |
| Expected
life (years) |
|
1.00 |
| Expected
volatility (%) |
|
105.99 |
| Expected
dividends (C$) |
|
Nil |
|
| Disclosure of Warrants Outstanding and Exercisable |
The
following summarizes information about warrants outstanding and exercisable at June 30, 2026:
Disclosure of Warrants Outstanding and Exercisable
| Expiry
date |
Exercise
price (C$) |
Warrants
outstanding and exercisable |
| October
30, 2026 |
0.25 |
10,000 |
| December
13, 2026 |
0.25 |
1,950,000 |
| |
|
1,960,000 |
| Weighted
average exercise price (C$) |
0.25 |
| Weighted
average remaining contractual life |
0.45 |
|
| Disclosure of Changes in Options |
The
changes in options during the six months ended June 30, 2026 and the year ended December 31, 2025 are as follows:
Disclosure of Changes in Options
| |
|
June
30, 2026 |
December
31, 2025 |
| |
|
Number
outstanding |
Weighted
average exercise price (C$) |
Number
outstanding |
Weighted
average exercise price (C$) |
| Balance,
opening |
|
17,678,341 |
0.22 |
9,178,892 |
0.19 |
| Granted |
|
8,865,000 |
0.35 |
10,150,000 |
0.27 |
| Exercised |
|
(56,250) |
0.15 |
— |
— |
| Expired
or cancelled |
|
— |
— |
(1,650,551) |
0.36 |
| Balance,
closing |
|
24,487,091 |
0.33 |
17,678,341 |
0.22 |
|
| Disclosure of Assumptions Used in Valuing Stock Options |
The
fair value of the stock options granted was determined using the Black-Scholes option price modelling with the following assumptions:
Disclosure of Assumptions Used in Valuing Stock Options
| |
Six
months ended June 30,
2026 |
Year
ended December 31, 2025 |
| |
|
|
| Average
stock price (C$) |
0.36 |
0.27 |
| Average
exercise price (C$) |
0.37 |
0.27 |
| Average
risk-free interest rate (%) |
2.93 |
2.97 |
| Expected
life (years) |
5 |
4.92 |
| Expected
volatility (%) |
157.86 |
161.09 |
| Expected
dividends (C$) |
Nil |
Nil |
|
| Disclosure of Stock Options Outstanding and Exercisable |
The
following summarizes information about stock options outstanding and exercisable at June 30, 2026:
Disclosure of Stock Options Outstanding and Exercisable
| Expiry
date |
Exercise
price (CA$) |
Options
outstanding |
Options
exercisable |
| November
10, 2027 |
0.41 |
278,341 |
278,341 |
| July
16, 2029 |
0.15 |
1,543,750 |
1,157,813 |
| July
16, 2030 |
0.15 |
1,000,000 |
750,000 |
| October
21, 2028 |
0.35 |
400,000 |
100,000 |
| October
28, 2028 |
0.135 |
4,300,000 |
4,300,000 |
| October
28, 2028 |
0.15 |
350,000 |
175,000 |
| July
25, 2030 |
0.25 |
8,600,000 |
2,150,000 |
| September
26, 2030 |
0.405 |
250,000 |
125,000 |
| November
28, 2030 |
0.38 |
900,000 |
225,000 |
| January
16, 2031 |
0.37 |
6,465,000 |
— |
| March
31, 2031 |
0.39 |
200,000 |
— |
| April
10, 2031 |
0.35 |
1,700,000 |
— |
| April
24, 2031 |
0.34 |
500,000 |
— |
| |
|
26,487,091 |
9,261,154 |
| Weighted
average exercise price (C$) |
0.33 |
0.19 |
| Weighted
average remaining contractual life |
3.41 |
3.18 |
|