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Shareholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2025
Schedule of share-based compensation recognized in the consolidated statement of operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended September 30, | ​ | Nine months ended September 30,
​ |  | 2025 |  | 2024 |  | 2025 |  | 2024
Exploration | ​ | $ | 552,468 | ​ | $ | 493,871 | ​ | $ | 1,677,426 | ​ | $ | 1,441,800
Corporate salaries and benefits | ​ | ​ | 262,248 | ​ | ​ | 399,230 | ​ |  | 540,592 | ​ |  | 1,092,454
Directors’ fees | ​ | ​ | 47,414 | ​ | ​ | 54,436 | ​ |  | 335,497 | ​ |  | 371,518
Total | ​ | $ | 862,130 | ​ | $ | 947,537 | ​ | $ | 2,553,515 | ​ | $ | 2,905,772
Summary of share purchase option activity within the Company's share-based compensation plan | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Number of | ​ | Weighted Average
​ |  | Options |  | Exercise Price (C$)
Balance December 31, 2023 |  | 1,665,750 | ​ | $ | 9.54
Options exercised |  | (619,375) | ​ |  | 8.04
Options expired |  | (350,875) | ​ |  | 9.52
Balance December 31, 2024 |  | 695,500 | ​ | $ | 10.88
Options exercised |  | (331,500) | ​ |  | 11.11
Options expired | ​ | (11,000) | ​ | ​ | 6.20
Balance September 30, 2025 |  | 353,000 | ​ | $ | 10.82
Schedule of activity for RSUs awarded | ​
​ | ​ | ​ | ​ | ​ | ​
​ |  |  |  | Weighted Average
​ | ​ | Share | ​ | Grant Date
​ | ​ | Units |  | Fair Value
Unvested, December 31, 2023 | ​ | 601,640 |  | $ | 3.64
Granted | ​ | 521,128 | ​ |  | 3.10
Distributed (vested) | ​ | (248,755) | ​ |  | 3.76
Cancelled | ​ | (2,285) | ​ |  | 3.72
Unvested, December 31, 2024 | ​ | 871,728 | ​ | $ | 3.28
Granted | ​ | 248,777 | ​ | ​ | 8.35
Distributed (vested) | ​ | (459,091) | ​ | ​ | 3.39
Cancelled | ​ | (86,314) | ​ | ​ | 4.36
Unvested, September 30, 2025 | ​ | 575,100 | ​ | $ | 5.22
Schedule of restricted share units expected to vest | ​
​ | ​ | ​
Remainder of 2025 |  | 7,000
2026 | ​ | 289,436
2027 |  | 202,961
2028 | ​ | 75,703
Total |  | 575,100
Schedule of activity for performance share units | ​
​ | ​ | ​ | ​ | ​ | ​
​ |  |  |  | Weighted Average
​ | ​ | Share | ​ | Grant Date
​ | ​ | Units | ​ | Fair Value
Unvested, December 31, 2023 |  | 546,583 |  | $ | 6.35
Granted |  | 515,502 |  |  | 4.81
Distributed |  | (1,395) |  |  | 4.79
Cancelled |  | (3,247) |  |  | 4.92
Unvested, December 31, 2024 |  | 1,057,443 |  | $ | 5.61
Granted | ​ | 176,481 | ​ | ​ | 12.53
Added by performance factor on 2022 MPSUs | ​ | 246,318 | ​ | ​ | 6.99
Distributed | ​ | (637,081) | ​ | ​ | 6.59
Cancelled | ​ | (124,657) | ​ | ​ | 6.25
Unvested, September 30, 2025 | ​ | 718,504 | ​ | $ | 6.80
Schedule of performance share units expected to vest | ​
​ | ​ | ​
Remainder of 2025 |  | 56,000
2026 |  | 224,969
2027 |  | 278,257
2028 | ​ | 159,278
Total |  | 718,504
Schedule of activity in DSUs awarded | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Weighted Average
​ | ​ | Share | ​ | Grant Date
​ |  | Units |  | Fair Value
Outstanding, December 31, 2023 | ​ | 226,574 | ​ | $ | 3.68
Granted | ​ | 115,107 | ​ | ​ | 4.01
Outstanding, December 31, 2024 | ​ | 341,681 | ​ | $ | 3.79
Granted |  | 33,713 | ​ | ​ | 9.95
Distributed |  | (30,783) | ​ |  | 3.46
Outstanding, September 30, 2025 |  | 344,611 | ​ | $ | 4.42
MPSU's |
Schedule of assumptions to value options and performance shares | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2025 |  | 2024 | ​
Grant date fair value | ​ | $ | 12.53 | ​ | $ | 5.00 | ​
Risk-free interest rate | ​ | ​ | 4.15 | % | ​ | 4.38 | %
Expected term (in years) | ​ | ​ | 3.0 |  | ​ | 3.0 | ​
Expected share price volatility | ​ | ​ | 55.16 | % | ​ | 57.36 | %
Expected dividend yield | ​ | ​ | Nil |  | ​ | Nil | ​

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