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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events SUBSEQUENT EVENTS
Issuance of Stock Options, RSUs, and SARs
On January 25, 2022, the Company granted 0.10 million non-incentive stock options with an exercise price of $6.47 per share, 0.33 million RSUs, and 0.83 million SARs at a grant price of $6.47 per share, to its employees and directors. The stock options carry a five-year life and vest as follows: 50% on January 25, 2023; and 50% on January 25, 2024. The RSUs vest as follows: 50% on January 27, 2023; 25% on January 27, 2024; and 25% on January 27, 2025. The SARs have a term of five years vesting only upon the achievement of the following performance goals: as to one-third of the SARs granted, automatically upon the 90-calendar-day VWAP of the Company’s Common Shares on the NYSE American equaling or exceeding US$12.00 for any continuous 90-calendar-day period; as to an additional one-third of the SARs granted, automatically upon the 90-calendar-day VWAP of the Company’s Common Shares equaling or exceeding US$14.00 for any continuous 90-calendar-day period; and as to the final one-third of the SARs granted, automatically upon the 90-calendar-day VWAP of the Company’s Common Shares equaling or exceeding US$16.00 for any continuous 90-calendar-day period. Further, notwithstanding the foregoing vesting schedule, no SARs are able to be exercised by the holder for an initial period of one year from the date of grant; the date first exercisable being January 25, 2023.