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v3.25.1

Condensed Consolidated Interim Statements of Changes in Equity - USD ($) $ in Thousands | Total | ATM offering | Share capital | Share capital ATM offering | Reserves | Retained earnings (deficit) | Accumulated other comprehensive income
--- | --- | --- | --- | --- | --- | --- | ---
Balance at Dec. 31, 2023 | $ 111,920 |  | $ 214,270 |  | $ 31,946 | $ (128,944) | $ (5,352)
Balance (in shares) at Dec. 31, 2023 |  |  | 174,278,556 |  |  |  |
Share-based compensation | 2,681 |  |  |  | 2,681 |  |
Shares issued under the ATM |  | $ 11,110 |  | $ 11,110 |  |  |
Shares issued under the ATM (in shares) |  | 8,044,200 |  | 8,044,200 |  |  |
Share issuance costs | (446) |  | $ (446) |  |  |  |
Net loss | (7,673) |  |  |  |  | (7,673) |
Currency translation differences of foreign operations | (10) |  |  |  |  |  | (10)
Balance at Mar. 31, 2024 | 117,582 |  | $ 224,934 |  | 34,627 | (136,617) | (5,362)
Balance (in shares) at Mar. 31, 2024 |  |  | 182,322,756 |  |  |  |
Balance at Dec. 31, 2024 | 228,057 |  | $ 235,782 |  | 36,040 | (37,849) | (5,916)
Balance (in shares) at Dec. 31, 2024 |  |  | 188,772,683 |  |  |  |
Share-based compensation | 1,420 |  |  |  | 1,420 |  |
Shares issued under the ATM |  | $ 7,197 |  | $ 7,197 |  |  |
Shares issued under the ATM (in shares) |  | 4,611,370 |  | 4,611,370 |  |  |
Share issuance costs | (204) |  | $ (204) |  |  |  |
Conversion of DSUs to common shares |  |  | $ 1,013 |  | (1,013) |  |
Conversion of DSUs to common shares (in shares) |  |  | 633,071 |  |  |  |
Net loss | (1,550) |  |  |  |  | (1,550) |
Currency translation differences of foreign operations | 20 |  |  |  |  |  | 20
Balance at Mar. 31, 2025 | $ 234,940 |  | $ 243,788 |  | $ 36,447 | $ (39,399) | $ (5,896)
Balance (in shares) at Mar. 31, 2025 |  |  | 194,017,124 |  |  |  |

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