XML 38 R25.htm IDEA: XBRL DOCUMENT v3.25.3
SUBSEQUENT EVENT
9 Months Ended
Sep. 30, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENT

17. SUBSEQUENT EVENT

 

On October 28, 2025, the Company announced a brokered “best efforts” public offering in Canada and concurrent private placement in the United States (the “Offering”). On October 30, 2025, the Company announced an upsizing of the Offering to 14,035,100 units of the Company (the “November 2025 Units”) at a price of $5.70 per November 2025 Unit for aggregate gross proceeds of up to $80,000,070.

 

Each November 2025 Unit will consist of one Common Share and one common share purchase warrant of the Company (each, a “November 2025 Warrant”). Each November 2025 Warrant will entitle the holder to acquire one Common Share for a period expiring 24 months following the date of issuance at a price of $8.00.

 

The agents will receive a cash fee equal to 6% of the gross proceeds of the Offering, subject to a reduced cash fee equal to 2.0% for sales to certain individuals on gross proceeds of up to $7,000,000 million.

 

The Offering is expected to close on November 17, 2025 (the “Closing Date”) and remains subject to customary closing conditions.