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SHARE CAPITAL (Tables)

6 Months Ended

Jun. 30, 2025

SCHEDULE OF FAIR VALUE OF WARRANTS

SCHEDULE OF FAIR VALUE OF WARRANTS

		Private Placement Warrants
Expected dividend yield			0	%
Share price		$	5.00
Expected share price volatility			81.8	%
Risk free interest rate			2.57	%
Expected life of warrant			3 years

SUMMARY OF COMMON SHARE PURCHASE WARRANT ACTIVITY

The following summarizes Common Share purchase warrant activity:

SUMMARY OF COMMON SHARE PURCHASE WARRANT ACTIVITY

		Six months ended								Year ended
		June 30, 2025								December 31, 2024
		Number Outstanding				Weighted Average Exercise Price $				Number Outstanding				Weighted Average Exercise Price $
Outstanding, beginning of the year			2,126,342				23.02				344,555				30.00
Issued			7,313,726				9.57				1,814,070				22.00
Exercised			-				-				-				-
Expired			(11,072	)			(35.00	)			(32,283	)			(41.00	)
Outstanding, end of the period			9,428,996				12.58				2,126,342				23.02

SCHEDULE OF DETAILS OF WARRANTS OUTSTANDING

At June 30, 2025, the Company had outstanding Common Share purchase warrants exercisable to acquire Common Shares as follows:

SCHEDULE OF DETAILS OF WARRANTS OUTSTANDING

Warrants Outstanding				Warrants Exercisable				Expiry Date		Exercise Price $				Intrinsic Value $
	301,200				301,200			June 28, 2026			28.75				-
	1,012,981				1,012,981			June 14, 2029			22.00				-
	801,089				801,089			June 21, 2029			22.00				-
	3,833,334				3,833,334			March 18, 2028			11.00				6,133,334
	3,480,392				3,480,392			March 18, 2028			8.00				16,009,803
	9,428,996				9,428,996										22,143,137

SCHEDULE OF OPTION ACTIVITY

The following summarizes the Option activity:

SCHEDULE OF OPTION ACTIVITY

		Six months ended								Year ended
		June 30, 2025								December 31, 2024
		Number Outstanding				Weighted Average Exercise Price $				Number Outstanding				Weighted Average Exercise Price $
Outstanding, beginning of the year			779,343				25.60				674,401				27.80
Granted			299,000				9.99				170,500				21.00
Exercised			-				-				(13,905	)			(17.20	)
Expired/cancelled			(42,920	)			(17.21	)			(51,653	)			(40.20	)
Outstanding, end of the period			1,035,423				21.44				779,343				25.60

SCHEDULE OF FAIR VALUE OF STOCK OPTION GRANTED

SCHEDULE OF FAIR VALUE OF STOCK OPTION GRANTED

		Six months ended				Year ended
		June 30, 2025				December 31, 2024
Expected dividend yield			0	%			0	%
Expected forfeiture rate			0	%			0	%
Expected share price volatility range			76.3-78.6%				74.2-79.8%
Weighted average expected share price volatility			77.5	%			75.9	%
Risk free interest rate			2.54%-2.70%				2.91%-3.23%
Expected life of Options			2.5-3.5 years				2.5-3.5 years

SCHEDULE OF DETAILS OF OPTIONS OUTSTANDING

Details of Options outstanding as at June 30, 2025, are as follows:

SCHEDULE OF DETAILS OF OPTIONS OUTSTANDING

Options Outstanding				Options Exercisable				Expiry Date		Exercise Price $				Intrinsic Value $
	12,000				12,000			August 19, 2025			9.00				43,200
	160,736				160,736			January 26, 2026			7.80				771,533
	21,250				21,250			February 25, 2026			32.00				-
	55,335				55,335			September 29, 2026			18.20				-
	49,940				49,940			October 25, 2026			40.00				-
	97,499				97,499			January 20, 2027			48.00				-
	169,163				56,388			August 8, 2028			35.00				-
	155,500				51,833			August 14, 2029			22.00				-
	15,000				10,833			December 4, 2029			9.80				30,333
	287,500				143,750			March 18, 2030			10.00				373,750
	11,500				8,500			April 24, 2030			9.80				23,800
	1,035,423				668,064										1,242,616

SCHEDULE OF CONTINUITY OF RSU

The following is a continuity of the RSUs which are fixed and are not subject to vesting conditions other than service:

SCHEDULE OF CONTINUITY OF RSU

		Six months ended								Year ended
		June 30, 2025								December 31, 2024
		Number Outstanding				Weighted Average Grant-Date Fair Value Per Award $				Number Outstanding				Weighted Average Grant-Date Fair Value Per Award $
Outstanding, beginning of the year			50,000				12.00				-				-
Granted			158,750				8.20				50,000				12.00
Outstanding, end of the period			208,750				9.00				50,000				12.00

SCHEDULE OF DSU GRANTED

SCHEDULE OF DSU GRANTED

		Number of Awards				Price(1) $				Fair Value $
DSUs outstanding at December 31, 2023			36,548				24.20				884,481
Granted			71,688				14.24				1,020,523
Fair value adjustment			-				-				(963,340	)
DSUs outstanding at December 31, 2024			108,236				8.70				941,664
Redeemed			(19,335	)			9.85				(190,446	)
Fair value adjustment			-				-				368,935
DSUs outstanding at June 30, 2025			88,901				12.60				1,120,153
Less: current portion			39,915				12.60				502,929
Non-current portion			48,986				12.60				617,224

Note:

⁽¹⁾ For DSUs granted and outstanding, price represents the closing price of the Company’s Common Shares on the grant date and balance sheet date, respectively. For DSUs redeemed, price represents the volume weighted average price on the TSXV for the last five trading days immediately preceding the redemption date.

Monte Carlo Pricing Model [Member]

SCHEDULE OF FAIR VALUE OF WARRANTS

SCHEDULE OF FAIR VALUE OF WARRANTS

		June 14, 2024				June 21, 2024
Expected dividend yield			0	%			0	%
Share price		$	16.20			$	16.80
Expected share price volatility			83.17	%			83.71	%
Risk free interest rate			3.23	%			3.30	%
Expected life of warrant			5 years				5 years

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