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Share capital and warrants (Tables) | 12 Months Ended
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Dec. 31, 2023
Share capital and warrants |
Summary of movements for the warrants outstanding | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2023 | ​ | 2022
​ | ​ | ​ | ​ | Weighted | ​ | ​ | ​ | Weighted
​ | ​ | Number of | ​ | average | ​ | Number of | ​ | average
​ |  | Warrants |  | exercise price |  | Warrants |  | exercise price
​ | ​ | ​ |  | $ | ​ | ​ |  | $
Balance – Beginning of year |  | 24,046,640 |  | 17.86 | ​ | 4,929,791 |  | 30.00
Issued – Brokered private placement |  | — | ​ | — | ​ | 7,752,916 | ​ | 22.80
Issued – Non-brokered private placement(i) |  | — | ​ | — | ​ | 11,363,933 | ​ | 13.53
Issued – Bought deal financing(ii) | ​ | 7,841,850 | ​ | 8.55 | ​ | — | ​ | —
Warrants expired | ​ | (4,929,791) | ​ | 30.00 | ​ | — | ​ | —
Balance – End of year |  | 26,958,699 | ​ | 12.93 | ​ | 24,046,640 | ​ | 17.86
Schedule of outstanding warrants with maturity dates and exercise terms | The outstanding warrants have the following a maturity dates and exercise terms:
Tranche | Warrant CUSIP | Maturity | Number of Warrants | Exercise Price(ii) | Conversion
2022 Brokered private placement | 68828E221 | 02-Mar-27 | 7,752,916 | $ | 14.75 | Each one warrant entitling the holder thereof to purchase one common share of the Company
2022 Non-brokered private placement | 68828E239 | 27-May-27 | 11,363,933 | US$ | 10.70 | Each one warrant entitling the holder thereof to purchase one common share of the Company
2023 Bought deal financing | 68828E262 | 02-Mar-26 | 7,841,850 | $ | 8.55 | Each one warrant entitling the holder thereof to purchase one common share of the Company
​
| (i) | Exercise price of warrants issued in non-brokered private placement is in USD.
| (ii) | On March 17, 2023, the Company received the required approvals to reduce the exercise price of the common share purchase warrants issued in 2022 under the brokered and non-brokered private placements. The exercise price to purchase one additional common share was reduced from $22.80 to $14.75 for the brokered private placement and from US$18.00 to US$10.70 for the non-brokered private placements. The increase in fair value of the amended share purchase warrants classified as equity instruments was estimated to $4.5 million and recorded directly in the Deficit, considering the fair value of the original warrants left at the date of the modification, using the Black-Scholes option pricing model based on the following assumptions:
Summary of assumptions used to determine warrants exercisable | ​
​ | ​
Dividend per share | —
Expected volatility | 66%
Risk-free interest rate | 2.9%
Expected life | 4 years
Share price | $6.20
Schedule of Capital Management | ​
​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
​ |  | ($) |  | ($)
Long-term debt(i) | ​ | 16,923 | ​ | 16,919
Total equity | ​ | 585,188 | ​ | 730,434
Balance – End of year | ​ | 602,111 | ​ | 747,353
​
| (i) | Excluding the additional available credit facility entered in by the Company on March 1, 2024 (Note 34).

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