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Share-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Option Activity | Activity of outstanding stock options under the Stock Option Plan for the years ended December 31, 2025 and 2024 are as follows:
| Number of stock options |  | Weighted average exercise price (CAD)
Balance, December 31, 2023 | 8,412,882 |  |  | C$2.63
Exercisable, December 31, 2023 | 5,921,267 |  |  | C$2.39
Granted | 2,804,000 |  |  | 5.75
Exercised | (2,267,155) |  |  | 1.06
Forfeited/expired | (300,001) |  |  | 4.42
Balance, December 31, 2024 | 8,649,726 |  |  | C$3.99
Exercisable, December 31, 2024 | 6,169,340 |  |  | C$3.55
Exercised | (1,049,476) |  |  | 1.41
Forfeited/expired | (1,764,791) |  |  | 4.28
Balance, December 31, 2025 | 5,835,459 |  |  | C$4.37
Exercisable, December 31, 2025 | 5,359,459 |  |  | C$4.25
A summary of the Company’s unvested stock option activity under the Stock Option Plan is as follows:
| Number of Shares |  | Weighted Average Grant Date Fair Value (CAD)
Outstanding, December 31, 2023 | 2,491,616 |  | C$1.85
Granted | 2,804,000 |  | 2.78 |
Vested | (2,588,666) |  | 2.18 |
Forfeited | (226,564) |  | 2.28 |
Outstanding, December 31, 2024 | 2,480,386 |  | C$2.52
Vested | (1,415,386) |  | 2.45 |
Forfeited | (589,000) |  | 2.46 |
Outstanding, December 31, 2025 | 476,000 |  | C$2.79
Activity of outstanding stock options under the LTIP for the years ended December 31, 2025, and 2024 is as follows:
| Number of stock options |  | Weighted average exercise price (USD)
Balance, December 31, 2023 | - |  |  | $ | - |
Granted | 225,000 |  |  | $ | 4.07 |
Balance, December 31, 2024 | 225,000 |  |  | $ | 4.07 |
Granted | 1,060,000 |  |  | 3.21 |
Forfeited/expired | (225,000) |  |  | 4.07 |
Balance, December 31, 2025 | 1,060,000 |  |  | $ | 3.21 |
Exercisable, December 31, 2025 | - |  |  | $ | - |
A summary of the Company’s unvested stock option activity under the LTIP is as follows:
| Number of Shares |  | Weighted Average Grant Date Fair Value (USD)
Outstanding, December 31, 2023 | - |  | $ | - |
Granted | 225,000 |  | 4.23 |
Outstanding, December 31, 2024 | 225,000 |  | $ | 4.23 |
Granted | 1,060,000 |  | 3.21 |
Forfeited | (225,000) |  | 4.23 |
Outstanding and unvested, December 31, 2025 | 1,060,000 |  | $ | 3.21 |
Schedule of Option Exercise Price Range | As of December 31, 2025, stock options under the Stock Option Plan outstanding and exercisable were as follows:
|  |  | Options Outstanding | Options Exercisable
|  |  | December 31, 2025 | December 31, 2025
Option price per share (CAD) | Options # |  | Weighted average remaining life (years) |  | Weighted average exercise price (CAD) | Options # | Weighted average exercise price (CAD)
C$2.40 - 3.79 | 1,866,541 |  |  | 0.69 |  | C$2.95 | 1,866,541 |  | C$2.95
C$4.20 - 5.76 | 3,968,918 |  |  | 1.42 |  | C$5.03 | 3,492,918 |  | C$4.94
| 5,835,459 |  |  | 2.11 |  | C$4.37 | 5,359,459 |  | C$4.25
As of December 31, 2025, stock options outstanding and exercisable under the LTIP were as follows:
|  |  | Options Outstanding | Options Exercisable
|  |  | December 31, 2025 | December 31, 2025
Option price per share | Options # |  | Weighted average remaining life (years) |  | Weighted average exercise price (USD) | Options # | Weighted average exercise price (USD)
$ | 3.21 |  | 1,060,000 |  |  | 4.63 |  | $ | 3.21 |  | - |  | $ | - |
| 1,060,000 |  |  | 4.63 |  | $3.21 | - |  | $0.00
Schedule of Options Using the Black-Scholes Option Pricing Model, Weighted-Average Assumptions Used | There were 1,060,000 stock options granted under the LTIP during the year ended December 31, 2025. The weighted average assumptions used in calculating the fair values as of December 31, 2025, are as follows:
|  | December 31, 2025
Exercise price |  | $3.21
Share price |  | $3.21
Risk-free rate |  | 3.62 | %
Expected life (in years) |  | 3.33
Expected volatility |  | 74.30 | %
Expected dividend yield |  | 0.00 | %
Weighted average fair value |  | $1.68
Summary of RSU Activity | The following table summarizes the Company’s RSU activity for the year ended December 31, 2025:
| Number of RSUs |  | Weighted Average Remaining Vesting Term (years) |  | Weighted Average Grant Date Fair Value (USD)
Balance, December 31, 2024 | - |  | - |  | $ | - |
Granted | 4,024,208 |  |  | 2.65 |  | 3.36
Forfeited | (97,783) |  | - |  | 3.47
Balance, December 31, 2025 | 3,926,425 |  | 2.42 |  | $ | 3.36 |

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