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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2024
Subsequent Events [Abstract]  
Subsequent Events SUBSEQUENT EVENTS
Issued Capital Stock
The Company issued a total of 11.54 million Common Shares under the ATM for net proceeds of $60.01 million, after share issuance costs, through various transactions from December 31, 2024 to February 14, 2024.
Issuance of RSUs and Stock Options
On January 29, 2025, the Company granted $8.19 million of RSUs at a grant price of $5.56 per share, $0.93 million of non-incentive stock options with an exercise price of $5.56 per share, and $3.28 million of non-incentive stock options at a 10% premium with an exercise price of $6.11 per share to its employees and directors. The stock options carry a five-year life and vest as follows: 50% on January 29, 2026; and 50% on January 29, 2027. The RSUs vest as follows: 50% on January 27, 2026; 25% on January 27, 2027; and 25% on January 27, 2028. Additionally, the Company granted $0.28 million non-incentive stock options with an exercise price of $5.56 per share to certain consultants (“Consultant Options”). The Consultant Options carry a three-year life and vest as follows: 50% on January 29, 2025; and 50% on January 29, 2026.