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Derivative Liabilities (Tables)
 12 Months Ended
Dec. 31, 2023
Financial Instruments [Abstract]  
Disclosure of Assumption Model The fair values of derivative liabilities were estimated using the Black-Scholes pricing model with weighted average assumptions as follows:
As at December 31,
20232022
Risk free interest rate (%)3.67N/A
Expected life (years)3.29N/A
Expected volatility (%)42.80N/A
Dividend yield (%)-N/A
Disclosure of detailed information about warrants activity
During the years ended December 31, 2023 and 2022, the change in warrants outstanding was as follows:
Number
Weighted Average
Exercise Price (C$)
Balance as at December 31, 20213,399,280 $3.98 
Issued3,812,121 4.45 
Expired(149,282)3.50 
Balance as at December 31, 20227,062,119 4.47 
Expired(3,249,998)4.50 
Balance as at December 31, 20233,812,121 $4.45 
Disclosure of detailed information about warrants outstanding
The following table summarizes information about the warrants which were outstanding as at December 31, 2023:
Date IssuedNumber of WarrantsExercisableExercise Price (C$)Expiry Date
April 14, 20223,812,1213,812,121$4.45 April 14, 2027
Total3,812,1213,812,121