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Derivative Liabilities (Tables)
12 Months Ended
Dec. 31, 2024
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,
20242023
Risk free interest rate (%)2.923.67
Expected life (years)2.283.29 
Expected volatility (%)35.9742.80 
Dividend yield (%)--
Disclosure of detailed information about warrants activity
During the years ended December 31, 2024 and 2023, the change in warrants outstanding was as follows:
Number
Weighted Average
Exercise Price (C$)
Balance as at December 31, 20227,062,119 $4.47 
Expired(3,249,998)4.50 
Balance as at December 31, 2023 and 20243,812,121 $4.45 
Disclosure of detailed information about warrants outstanding
The following table summarizes information about the warrants which were outstanding as at December 31, 2024:
Date IssuedNumber of WarrantsExercisableExercise Price (C$)Expiry Date
April 14, 20223,812,1213,812,121$4.45 April 14, 2027
Total3,812,1213,812,121