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SHARE CAPITAL - (Tables) | 12 Months Ended
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Dec. 31, 2023
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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, 2021 |  |  | 43,436,494 |  |  | $ | 3.69 |
Granted |  |  | 9,744,729 |  |  |  | 5.47 |
Exercised |  |  | (3,247,332) |  |  |  | 3.08 |
Expired |  |  | (65,000) |  |  |  | 5.52 |
Forfeited |  |  | (230,001) |  |  |  | 5.33 |
At December 31, 2022 |  |  | 49,638,890 |  |  | $ | 4.07 |
Granted |  |  | 10,849,062 |  |  |  | 8.15 |
Exercised |  |  | (8,608,816) |  |  |  | 3.06 |
Forfeited |  |  | (313,334) |  |  |  | 5.51 |
At December 31, 2023 – Outstanding |  |  | 51,565,802 |  |  | $ | 5.08 |
At December 31, 2023 – Exercisable |  |  | 41,268,569 |  |  | $ | 4.52 |
Summary of Company's Stock Options Outstanding and Exercisable | The following table summarizes information about the exercisable share options outstanding as at December 31, 2023:
Number of share options outstanding |  | Number of share options exercisable |  |  | Exercise prices (C$) |  |  | Remaining contractual life (years) |  |  | Expiry date
500,000 |  |  | 500,000 |  |  |  | 2.27 |  |  |  | 0.22 |  |  | March 21, 2024
250,000 |  |  | 250,000 |  |  |  | 2.22 |  |  |  | 0.24 |  |  | March 27, 2024
2,900,000 |  |  | 2,900,000 |  |  |  | 1.92 |  |  |  | 0.45 |  |  | June 12, 2024
188,679 |  |  | 188,679 |  |  |  | 1.59 |  |  |  | 0.63 |  |  | August 16, 2024
3,400,000 |  |  | 3,400,000 |  |  |  | 1.59 |  |  |  | 0.98 |  |  | December 24, 2024
3,875,000 |  |  | 3,875,000 |  |  |  | 1.80 |  |  |  | 1.45 |  |  | June 12, 2025
4,766,666 |  |  | 4,766,666 |  |  |  | 3.24 |  |  |  | 1.95 |  |  | December 11, 2025
250,000 |  |  | 250,000 |  |  |  | 5.16 |  |  |  | 2.13 |  |  | February 16, 2026
250,000 |  |  | 250,000 |  |  |  | 4.53 |  |  |  | 2.25 |  |  | April 1, 2026
8,330,000 |  |  | 8,330,000 |  |  |  | 5.84 |  |  |  | 2.44 |  |  | June 10, 2026
6,781,666 |  |  | 6,781,666 |  |  |  | 5.44 |  |  |  | 2.96 |  |  | December 14, 2026
94,277 |  |  | 47,139 |  |  |  | 5.76 |  |  |  | 3.05 |  |  | January 18, 2027
3,370,000 |  |  | 2,240,014 |  |  |  | 5.31 |  |  |  | 3.63 |  |  | August 17, 2027
55,452 |  |  | 27,726 |  |  |  | 5.41 |  |  |  | 3.76 |  |  | October 4, 2027
5,905,000 |  |  | 3,925,013 |  |  |  | 5.57 |  |  |  | 3.97 |  |  | December 18, 2027
300,000 |  |  | 100,000 |  |  |  | 6.55 |  |  |  | 4.09 |  |  | January 31, 2028
4,795,000 |  |  | 1,598,333 |  |  |  | 6.99 |  |  |  | 4.65 |  |  | August 22, 2028
39,062 |  |  | - |  |  |  | 7.68 |  |  |  | 4.76 |  |  | October 4, 2028
5,515,000 |  |  | 1,838,333 |  |  |  | 9.33 |  |  |  | 4.95 |  |  | December 11, 2028
51,565,802 |  |  | 41,268,569 |  |  |  |  |  |  |  |  |  |  |
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,
|  | 2023 |  | 2022
Expected stock price volatility |  |  | 61.24% |  |  |  | 62.38% |
Expected life of options |  |  | 5 years |  |  |  | 5 years |
Risk free interest rate |  |  | 3.67% |  |  |  | 2.87% |
Expected forfeitures |  |  | 0% |  |  |  | 0% |
Expected dividend yield |  |  | 0% |  |  |  | 0% |
Weighted average fair value per option granted in period |  |  | $4.48 |  |  |  | $3.01 |
Weighted average exercise price |  |  | $8.15 |  |  |  | $5.47 |

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