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CONSOLIDATED STATEMENTS OF CASH FLOWS - CAD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net loss for the year $ (31,710) $ (27,752) $ (24,835)
Depreciation - property and equipment (notes 6, 20) 120 81 93
Depreciation - right-of-use assets (notes 8, 20) 304 322 299
Share-based compensation expense (notes 11, 20, 22) 2,723 1,917 2,378
Compensation warrant expenses (note 11) 0 151 0
Interest expense (income), net 139 71 (76)
Unrealized foreign exchange (gain) loss (838) 282 (1,625)
Change in fair value of warrant derivative (notes 9, 17) (1,242) (5,285) 20
Net change in non-cash working capital (note 18) 3,538 1,765 391
Cash used in operating activities (26,966) (28,448) (23,355)
Investing Activities      
Acquisition of marketable securities 0 0 (20,348)
Maturities of marketable securities 0 20,230 0
Acquisition of property and equipment (note 6) (239) (8) (55)
Cash (used in) provided by investing activities (239) 20,222 (20,403)
Financing Activities      
Proceeds from exercise of stock options (note 11) 0 781 12
Proceeds from exercise of warrant derivative (note 9) 65 0 0
Payment of lease liabilities (note 8) (348) (407) (381)
Cash provided by financing activities 6,636 31,994 12,205
(Decrease) increase in cash and cash equivalents (20,569) 23,768 (31,553)
Cash and cash equivalents, beginning of year 34,912 11,666 41,262
Impact of foreign exchange on cash and cash equivalents 1,599 (522) 1,957
Cash and cash equivalents, end of year 15,942 34,912 11,666
At-the-market equity distribution agreement      
Financing Activities      
Proceeds from share issuance 6,919 10,261 12,574
Public offering      
Financing Activities      
Proceeds from share issuance $ 0 $ 21,359 $ 0