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Interest expense
9 Months Ended
Sep. 30, 2026
Interest Expense [Abstract]  
Interest expense
6. Interest expense
Three Months Ended September 30,Nine Months Ended September 30,
Note2026202520262025
$$$$
Interest accretion on lease liabilities1851,945 34,320 166,042 61,274 
Debenture interest192,720,244 2,721,709 8,063,982 7,573,076 
Other interest expenses- - - 1,522 
Total interest expense2,772,189 2,756,029 8,230,024 7,635,872 
Debenture interest for the three and nine months ended September 30, 2026 and 2025 relates to interest accrued on the debt portion of the convertible debentures as disclosed in Note 19.1.
Interest on lease liabilities relates to long-term leases of office, accommodation units, and warehouse premises in Tanzania and Australia as disclosed in Note 18.
Interest expenses incurred on the senior secured bridge loan facility, after offsetting of any interest received on any temporary investment, are capitalized to Exploration and Evaluation assets as these borrowing costs are directly attributable to the development of the Kabanga Nickel Project. For additional information regarding the senior secured bridge loan facility and the capitalization of interest, please refer to Note 19.2 and Note 13.