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SHARE CAPITAL AND SHAREBASED PAYMENTS (Tables)
12 Months Ended
Dec. 31, 2023
SHARE CAPITAL AND SHAREBASED PAYMENTS  
Schedule Of Stock Options

 

 

Underlying

Shares

 

 

Weighted Average Exercise Price (C$)

 

 

 

 

 

 

 

 

Stock options outstanding, January 1, 2022

 

 

2,839,000

 

 

$1.68

 

Granted

 

 

2,390,000

 

 

$1.20

 

Exercised

 

 

(48,000)

 

$0.79

 

Expired

 

 

(880,000)

 

$1.98

 

Forfeited

 

 

(45,000)

 

$1.40

 

Stock options outstanding, December 31, 2022

 

 

4,256,000

 

 

$1.36

 

Granted

 

 

2,545,000

 

 

$1.12

 

Expired

 

 

(105,000)

 

$1.30

 

Forfeited

 

 

(30,000)

 

$1.40

 

Stock options outstanding, December 31, 2023

 

 

6,666,000

 

 

$1.27

 

Stock options exercisable, December 31, 2023

 

 

5,959,750

 

 

$1.29

 

Schedule Of Stock Options Outsanding And Exercisable

 

 

 

 

Outstanding

 

 

Exercisable

 

        Expiry Date

 

Price (C$)

 

 

Number of Options

 

 

Weighted Average Remaining Contractual Life (Years)

 

 

Number of Options

 

 

Weighted Average Remaining Contractual Life (Years)

 

August 21, 2024

 

$0.79

 

 

 

126,000

 

 

 

0.64

 

 

 

126,000

 

 

 

0.64

 

August 4, 2025

 

$1.64

 

 

 

1,660,000

 

 

 

1.59

 

 

 

1,660,000

 

 

 

1.59

 

March 25, 2027

 

$1.20

 

 

 

2,330,000

 

 

 

3.23

 

 

 

2,330,000

 

 

 

3.23

 

May 4, 2027

 

$0.92

 

 

 

25,000

 

 

 

3.34

 

 

 

25,000

 

 

 

3.34

 

March 29, 2028

 

$1.12

 

 

 

2,375,000

 

 

 

4.25

 

 

 

1,781,250

 

 

 

4.25

 

July 10, 2028

 

$1.12

 

 

 

150,000

 

 

 

4.53

 

 

 

37,500

 

 

 

4.53

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6,666,000

 

 

 

3.05

 

 

 

5,959,750

 

 

 

3.03

 

Schedule of fair value of the stock options was calculated using the Black-Scholes model

 

 

December 31,

2023

 

 

December 31,

2022

 

Weighted average assumptions:

 

 

 

 

 

 

 Risk-free interest rate

 

 

3.10%

 

 

2.49%

 Expected dividend yield

 

 

0.00%

 

 

0.0%

 Expected warrant life (years)

 

 

5.00

 

 

 

5.00

 

 Expected stock price volatility

 

 

61.10%

 

 

59.98%

 Expected forfeiture rate

 

 

17%

 

 

20%

Weighted average fair value

 

$0.60

 

 

$0.63

 

Schedule Of Rsu Outstanding

 

 

Underlying

Shares

 

 

Weighted Average Price (C$)

 

 

 

 

 

 

 

 

RSUs outstanding, January 1, 2022

 

 

1,439,477

 

 

$1.32

 

Granted

 

 

1,799,000

 

 

$1.19

 

Exercised

 

 

(982,879)

 

$1.18

 

Cancelled / Forfeited

 

 

(64,932)

 

$1.40

 

RSUs outstanding, December 31, 2022

 

 

2,190,666

 

 

$1.27

 

Granted

 

 

1,878,320

 

 

$1.11

 

Exercised

 

 

(1,005,334)

 

$1.37

 

Cancelled / Forfeited

 

 

(68,943)

 

$1.14

 

RSUs outstanding, December 31, 2023

 

 

2,994,709

 

 

$1.03

 

Schedule of summarizes information about the RSUs

Issuance Date

 

Price (C$)

 

 

Number of RSUs Outstanding

 

March 25, 2022

 

$1.19

 

 

 

1,162,265

 

March 29, 2023

 

$1.12

 

 

 

1,763,124

 

July 10, 2023

 

$0.94

 

 

 

69,320

 

 

 

 

 

 

 

 

2,994,709

 

Schedule Of Basic Earnings Per Share And Diluted Earnings Per Share

 

 

2023

 

 

2022

 

Net income for the period

 

$542

 

 

$3,096

 

Basic weighted average number of shares outstanding

 

 

121,261,696

 

 

 

114,372,371

 

Effect of dilutive share options, warrants, and RSUs (‘000)

 

 

4,084,978

 

 

 

3,243,527

 

Diluted weighted average number of shares outstanding

 

 

125,346,674

 

 

 

117,615,898

 

Basic and diluted earnings per share

 

$0.00

 

 

$0.03