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SHARE CAPITAL AND SHAREBASED PAYMENTS (Tables)
12 Months Ended
Dec. 31, 2024
SHARE CAPITAL AND SHARE BASED PAYMENTS  
Schedule Of Stock Options

 

 

Underlying

Shares

 

 

Weighted Average Exercise Price (C$)

 

 

 

 

 

 

 

 

Stock options outstanding, January 1, 2023

 

 

4,256,000

 

 

$1.36

 

Granted

 

 

2,545,000

 

 

$1.12

 

Expired

 

 

(105,000)

 

$1.30

 

Cancelled / Forfeited

 

 

(30,000)

 

$1.40

 

Stock options outstanding, December 31, 2023

 

 

6,666,000

 

 

$1.27

 

Granted

 

 

2,500,000

 

 

$0.78

 

Exercised

 

 

(1,301,000)

 

$1.04

 

Cancelled / Forfeited

 

 

(190,000)

 

$1.26

 

Stock options outstanding, December 31, 2024

 

 

7,675,000

 

 

$1.15

 

Stock options exercisable, December 31, 2024

 

 

7,050,000

 

 

$1.18

 

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 4, 2025

 

$1.64

 

 

 

1,570,000

 

 

 

0.59

 

 

 

1,570,000

 

 

 

0.59

 

March 25, 2027

 

$1.20

 

 

 

1,905,000

 

 

 

2.23

 

 

 

1,905,000

 

 

 

2.23

 

May 4, 2027

 

$0.92

 

 

 

25,000

 

 

 

2.34

 

 

 

25,000

 

 

 

2.34

 

March 29, 2028

 

$1.12

 

 

 

1,870,000

 

 

 

3.24

 

 

 

1,870,000

 

 

 

3.24

 

July 10, 2028

 

$1.12

 

 

 

150,000

 

 

 

3.53

 

 

 

150,000

 

 

 

3.53

 

March 25, 2029

 

$0.78

 

 

 

2,155,000

 

 

 

4.23

 

 

 

1,530,000

 

 

 

4.23

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,675,000

 

 

 

2.73

 

 

 

7,050,000

 

 

 

2.73

 

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

 

 

December 31,

2024

 

 

December 31,

2023

 

Weighted average assumptions:

 

 

 

 

 

 

Risk-free interest rate

 

 

3.51%

 

 

3.10%

Expected dividend yield

 

 

0%

 

 

0%

Expected warrant life (years)

 

 

5

 

 

 

5

 

Expected stock price volatility

 

 

60.73%

 

 

61.10%

Expected forfeiture rate

 

 

15%

 

 

17%

Weighted average fair value

 

C$0.43

 

 

C$0.60

 

Schedule Of Rsu Outstanding

 

 

Underlying

Shares

 

 

Weighted Average Price (C$)

 

 

 

 

 

 

 

 

RSUs outstanding, January 1, 2023

 

 

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

 

Granted

 

 

1,881,000

 

 

$1.02

 

Exercised

 

 

(1,197,709)

 

$1.15

 

Cancelled / Forfeited

 

 

(137,132)

 

$1.08

 

RSUs outstanding, December 31, 2024

 

 

3,540,868

 

 

$1.08

 

Schedule of summarizes information about the RSUs

Issuance Date

 

Price (C$)

 

 

Number of RSUs Outstanding

 

March 25, 2022

 

$1.19

 

 

 

556,539

 

March 29, 2023

 

$1.12

 

 

 

1,124,288

 

July 10, 2023

 

$0.94

 

 

 

50,000

 

April 1, 2024

 

$1.02

 

 

 

1,810,041

 

 

 

 

 

 

 

 

3,540,868

 

Schedule Of Basic Earnings Per Share And Diluted Earnings Per Share

 

 

2024

 

 

2023

 

Net income for the period

 

$8,100

 

 

$542

 

Basic weighted average number of shares outstanding

 

 

134,599,532

 

 

 

121,261,696

 

Effect of dilutive share options, warrants, and RSUs

 

 

6,732,332

 

 

 

4,084,978

 

Diluted weighted average number of shares outstanding

 

 

141,331,864

 

 

 

125,346,674

 

Basic and diluted earnings per share

 

$0.06

 

 

$0.00