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Share Capital (Tables)

12 Months Ended

Dec. 31, 2022

Share Capital [Abstract]

Schedule of the company’s stock options outstanding

		Year ended December 31, 2022								Year ended December 31, 2021
						Weighted average								Weighted average
		Options				exercise price				Options				exercise price
		#				CAD $				#				CAD $
Options outstanding, beginning of year			5,272,294				1.42				3,572,084				0.66
Granted			3,107,501				4.10				2,390,627				2.31
Exercised			(1,016,439	)			1.51				(590,000	)			0.60
Forfeited/expired			(127,708	)			3.60				(100,417	)			0.54
Options outstanding, end of year			7,235,648				2.53				5,272,294				1.42
Options exercisable, end of year			4,928,147				1.79				4,515,210				1.23

Schedule of stock options outstanding

								Options Outstanding December 31, 2022								Options Exercisable December 31, 2022
								Weighted average				Weighted average								Weighted average
Option price				Options				Remaining				exercise price				Options				exercise price
per share				#				Life				CAD $				#				CAD $
$	0.18 - 1.92				3,381,771				0.88			$	0.85				3,381,771			$	0.85
$	2.40 - 3.78				1,034,710				0.57			$	3.12				594,710			$	2.83
$	4.20 - 5.76				2,819,166				1.53			$	4.29				951,666			$	4.42
					7,235,647				2.99			$	2.52				4,928,147			$	1.78

Schedule of weighted average assumptions used in calculating the fair values

		December 31, 2022				December 31, 2021
Risk-free interest rate			2.06	%			0.88	%
Expected life of option			4.9 years				5 years
Expected dividend yield			0	%			0	%
Expected stock price volatility			116.48	%			128.79	%
Fair value per option			CAD $3.21				CAD $1.10

Schedule of the status of the company’s warrants

		Year ended December 31, 2022								Year ended December 31, 2021
		Warrants				Weighted average exercise price				Warrants				Weighted average exercise price
		#				CAD $				#				CAD $
Warrants outstanding, beginning of year			6,298,839				2.43				4,143,247				1.23
Granted			3,670,919				5.81				4,208,435				3.24
Exercised			(2,291,642	)			1.39				(2,052,843	)			1.62
Expired			(183,610	)			1.67				-				-
Warrants outstanding, end of year			7,494,506				4.43				6,298,839				2.43

Schedule of share purchase warrants outstanding

						Warrants Outstanding December 31, 2022
						Weighted average				Weighted average
Warrant price		Warrants				Remaining				exercise price
per share		#				Life				CAD $
$1.59 - 1.80			1,360,028				0.14			$	1.81
$2.22 - 3.90 ¹			2,515,197				0.39			$	3.84
$4.59 - 6.00			3,619,281				0.59			$	5.86
			7,494,506				1.12			$	4.43

¹	Includes power warrants exercisable into one share and one-half warrant. Each whole warrant is exercisable at $3.90 for 36 months.