Share Capital and Share-Based Payments (Tables)
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9 Months Ended |
Sep. 30, 2026 |
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| Share Capital and Share-Based Payments |
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| Schedule of continuity of stock options |
| | Underlying Shares | | | Weighted Average Exercise Price (C$) | | Stock options outstanding, January 1, 2025 | | | 7,675,000 | | | $ | 1.15 | | Granted | | | 2,547,000 | | | $ | 2.24 | | Exercised | | | (4,251,000 | ) | | $ | 1.32 | | Expired | | | (100,000 | ) | | $ | 1.64 | | Stock options outstanding, December 31, 2025 | | | 5,871,000 | | | $ | 1.50 | | Granted | | | 737,908 | | | $ | 9.43 | | Exercised | | | (3,317,000 | ) | | $ | 1.32 | | Cancelled | | | (1,336 | ) | | $ | 9.41 | | Stock options outstanding, September 30, 2026 | | | 3,290,572 | | | $ | 3.45 | | Stock options exercisable, September 30, 2026 | | | 2,772,286 | | | $ | 2.33 | |
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| Schedule of stock options outsanding and exercisable |
| | | | | Outstanding | | | Exercisable | | Expiry Date | | Price (C$) | | | Number of Options | | | Weighted Average Remaining Contractual Life (Years) | | | Number of Options | | | Weighted Average Remaining Contractual Life (Years) | | March 29, 2028 | | $ | 1.12 | | | | 450,000 | | | | 1.50 | | | | 450,000 | | | | 1.50 | | March 25, 2029 | | $ | 0.78 | | | | 535,000 | | | | 2.48 | | | | 535,000 | | | | 2.48 | | April 9, 2030 | | $ | 2.11 | | | | 1,494,000 | | | | 3.53 | | | | 1,494,000 | | | | 3.53 | | May 27, 2030 | | $ | 4.38 | | | | 75,000 | | | | 3.66 | | | | 75,000 | | | | 3.66 | | March 16, 2031 | | $ | 9.41 | | | | 436,572 | | | | 4.46 | | | | 218,286 | | | | 4.46 | | June 4, 2031 | | $ | 9.47 | | | | 300,000 | | | | 4.68 | | | | - | | | | 4.68 | | | | | | | | | 3,290,572 | | | | 3.31 | | | | 2,772,286 | | | | 3.07 | |
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| Schedule of assumption used for calculating fair value of stock options using black-scholes model |
| | September 30, 2026 | | | December 31, 2025 | | Weighted average assumptions | | | | | | | Risk-free interest rate | | | 3.03 | % | | | 2.80 | % | Expected dividend yield | | | 0 | % | | | 0 | % | Expected life | | 4.4 years | | | 5 years | | Expected stock price volatility | | | 62.46 | % | | | 60.28 | % | Expected forfeiture rate | | | 12 | % | | | 13 | % | Weighted average fair value | | C$4.29 | | | C$1.06 | |
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| Schedule of continuity restricted stock unit |
| | Underlying Shares | | | Weighted Average Price (C$) | | RSUs outstanding, January 1, 2025 | | | 3,540,868 | | | $ | 1.08 | | Granted | | | 1,547,715 | | | $ | 2.50 | | Exercised | | | (1,308,296 | ) | | $ | 1.10 | | Cancelled / Forfeited | | | (443,572 | ) | | $ | 1.11 | | RSUs outstanding, December 31, 2025 | | | 3,336,715 | | | $ | 1.72 | | Granted | | | 209,805 | | | $ | 9.41 | | Exercised | | | (1,690,911 | ) | | $ | 1.50 | | Cancelled / Forfeited | | | (30,443 | ) | | $ | 1.21 | | RSUs outstanding, September 30, 2026 | | | 1,825,166 | | | $ | 2.82 | |
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| Schedule of summarizes information about the RSUs outstanding |
Issuance Date | | Price (C$) | | | Number of RSUs Outstanding | | April 1, 2024 | | $ | 1.02 | | | | 582,000 | | April 9, 2025 | | $ | 2.41 | | | | 984,000 | | May 27, 2025 | | $ | 4.38 | | | | 50,000 | | March 16, 2026 | | $ | 9.41 | | | | 209,166 | | | | | | | | | 1,825,166 | |
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| Schedule of basic earnings per share and diluted earnings per share |
| | Three months ended September 30, 2026 | | | Three months ended September 30, 2025 | | | Nine months ended September 30, 2026 | | | Nine months ended September 30, 2025 | | Net income for the period | | $ | 6,103 | | | $ | 7,702 | | | $ | 32,915 | | | $ | 16,183 | | Basic weighted average number of shares outstanding | | | 169,853,347 | | | | 147,988,156 | | | | 168,819,803 | | | | 144,682,370 | | Effect of dilutive share options and RSUs (‘000) | | | 4,673,237 | | | | 9,152,058 | | | | 5,086,299 | | | | 10,034,270 | | Diluted weighted average number of shares outstanding | | | 174,526,584 | | | | 157,140,213 | | | | 173,906,102 | | | | 154,716,640 | | Basic income per share | | $ | 0.04 | | | $ | 0.05 | | | $ | 0.19 | | | $ | 0.11 | | Diluted income per share | | $ | 0.03 | | | $ | 0.05 | | | $ | 0.19 | | | $ | 0.10 | |
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