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SHARE CAPITAL - (Tables)

12 Months Ended

Dec. 31, 2021

Text block [abstract]

Summary of Stock Option Transactions and the Number of Stock Options

A summary of the changes in the share options is presented below:


		Options outstanding				Weighted average exercise price (C$)
At December 31, 2019			36,617,495			$	2.14
Granted			9,555,000				2.54
Exercised			(7,490,999	)			0.90
Expired			(2,208,334	)			2.75

At December 31, 2020			36,473,162			$	2.47
Granted			17,400,000				5.61
Exercised			(10,020,001	)			2.59
Expired			(266,666	)			2.18
Forfeited			(150,001	)			5.84

At December 31, 2021 – Outstanding			43,436,494			$	3.69

At December 31, 2021 – Exercisable			28,868,138			$	3.05

Summary of Company's Stock Options Outstanding and Exercisable

The following table summarizes information about the exercisable share options outstanding as at December 31, 2021:


Number of share options outstanding				Number of share options exercisable				Exercise prices (C$)				Remaining contractual life (years)				Expiry date
	2,455,000				2,455,000				3.39				0.95				December 14, 2022
	75,000				75,000				2.39				1.28				April 13, 2023
	3,450,000				3,450,000				2.85				1.44				June 8, 2023
	100,000				100,000				2.66				1.47				June 20, 2023
	720,482				720,482				2.49				1.64				August 21, 2023
	2,375,000				2,375,000				2.41				2.00				December 31, 2023
	500,000				500,000				2.27				2.22				March 21, 2024
	250,000				250,000				2.22				2.24				March 27, 2024
	3,250,000				3,250,000				1.92				2.45				June 12, 2024
	188,679				188,679				1.59				2.53				August 16, 2024
	3,667,334				3,667,334				1.59				2.98				December 24, 2024
	4,375,000				2,883,326				1.80				3.45				June 12, 2025
	4,846,666				3,219,992				3.24				3.95				December 11, 2025
	250,000				83,333				5.16				4.13				February 16, 2026
	650,000				216,666				4.53				4.25				April 1, 2026
	8,973,333				2,996,659				5.84				4.44				June 10, 2026
	7,310,000				2,436,667				5.44				4.96				December 14, 2026

	43,436,494				28,868,138				3.69				2.90

Summary of Weighted Average Grant Date Fair Values

The following weighted average assumptions were used for Black-Scholes valuation of the share options granted:


		For the year ended
		December 31, 2021				December 31, 2020
Expected stock price volatility			60.42	%			61.35	%
Expected life of options			5.00 years				5.00 years
Risk free interest rate			1.03	%			0.44	%
Expected forfeitures			0	%			0	%
Expected dividend yield			0	%			0	%
Weighted average fair value per option granted in period		$	2.88			$	1.29
Weighted average exercise price		$	5.61			$	2.54