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Share Capital And Equity Compensation (Tables)
12 Months Ended
Dec. 31, 2024
Disclosure of terms and conditions of share-based payment arrangement [abstract]  
Summary of Changes to Number of Restricted Shares

A summary of changes to the number of outstanding RSUs is as follows:

 

 

 

Number of RSUs
(in 000's)

 

Balance, RSUs outstanding as at December 31, 2022

 

 

2,367

 

Converted into shares pre-separation

 

 

(547

)

Forfeited pre-separation

 

 

(12

)

Granted pre-separation

 

 

363

 

Balance, RSUs outstanding prior to separation

 

 

2,171

 

Net adjustment upon separation

 

 

(281

)

Converted into shares post-separation

 

 

(521

)

Granted post-separation

 

878

 

Balance, RSUs outstanding as at December 31, 2023

 

 

2,247

 

Converted into shares

 

 

(615

)

Granted

 

 

1,913

 

Forfeited

 

 

(267

)

Balance, RSUs outstanding as at December 31, 2024

 

 

3,278

 

Summary of Changes to Number of Deferred Share Units

 

 

Number of DSUs
(in 000's)

 

Balance, DSUs outstanding as at December 31, 2022

 

 

252

 

Granted pre-separation

 

 

32

 

Converted into common shares pre-separation

 

 

(59

)

Balance, DSUs outstanding as at September 30, 2023

 

 

225

 

Net adjustment upon separation

 

 

(29

)

Converted into shares post-separation

 

 

(83

)

Granted post-separation

 

325

 

Balance, DSUs outstanding as at December 31, 2023

 

 

438

 

Granted

 

203

 

Balance, DSUs outstanding as at December 31, 2024

 

 

641

 

Summary of Fair Value of Stock Options Granted by Using Black Scholes Option Pricing Model The fair value of stock options granted was estimated on the date of grant using the Black Scholes Option Pricing Model with the following assumptions used for the grants:

 

 

 

December 3, 2023

 

 

June 20, 2024

 

 

November 15, 2024

 

Number of options granted ('000's)

 

 

1,740

 

 

 

1,225

 

 

 

30

 

Risk-free rate

 

4.04%-4.27%

 

 

4.27%-4.29%

 

 

 

4.31

%

Expected life (in years)

 

7

 

 

5-7

 

 

5

 

Annualized volatility

 

73.14%-73.66%

 

 

 

73.66

%

 

 

82.98

%

Dividend rate

 

 

0

%

 

 

0

%

 

 

0

%

Fair value per stock option granted ($)

 

$2.22-$3.98

 

 

$2.20-$3.52

 

 

$

2.21

 

Total fair value of stock options granted ($)

 

$

5,869

 

 

$

2,824

 

 

$

66

 

Summary of Changes to Stock Options Outstanding A summary of changes to outstanding stock options is as follows:

 

 

 

Number of Options
(in 000's)

 

Balance, stock options outstanding as at December 31, 2022

 

 

690

 

Exercised pre-separation

 

 

(690

)

Granted post-separation

 

 

1,740

 

Balance, stock options outstanding as at December 31, 2023

 

 

1,740

 

Granted

 

 

1,255

 

Forfeited

 

 

(280

)

Balance, stock options outstanding as at December 31, 2024

 

 

2,715

 

Summary of Changes to Number of Outstanding PSUs

A summary of changes to the number of outstanding PSUs is as follows:

 

Number of PSUs
(in 000's)

 

Balance, PSUs outstanding as at December 31, 2022

 

766

 

Granted pre-separation

 

 

204

 

Converted into common shares pre-separation

 

 

(215

)

Forfeited pre-separation

 

 

(6

)

Balance, PSUs outstanding as at September 30, 2023

 

 

749

 

Net adjustment upon separation

 

 

153

 

Converted into shares post-separation

 

 

(28

)

Balance, PSUs outstanding as at December 31, 2023

 

 

874

 

Converted into shares

 

 

(638

)

Balance, PSUs outstanding as at December 31, 2024

 

 

236