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FINANCIAL RISK MANAGEMENT (Tables) | 6 Months Ended
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Jun. 30, 2026
FINANCIAL RISK MANAGEMENT |
Schedule of impact on pre-tax loss of a 10% change in the USD:CAD exchange rate on financial assets and liabilities denominated in CAD | The following table shows the impact on pre-tax loss of a 10% change in the USD:CAD exchange rate on financial assets and liabilities denominated in CAD, as of June 30, 2026, with all other variables held constant: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Impact of currency rate change on pre-tax loss
​ | ​ | 10% increase | ​ ​ ​ | 10% decrease
Cash and cash equivalents | ​ | $ | 9,871 | ​ | $ | (9,871)
Receivables and other | ​ |  | 1,885 | ​ |  | (1,885)
Marketable securities | ​ |  | 1,193 | ​ |  | (1,193)
Accounts payable and accrued liabilities | ​ |  | (4,319) | ​ |  | 4,319
Schedule of carrying amount of financial assets represents the maximum credit exposure | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | June 30, | ​ ​ ​ | December 31,
​ | ​ | 2026 | ​ | 2025
Cash and cash equivalents | ​ | $ | 373,080 | ​ | $ | 573,159
Short-term investments | ​ |  | 1,519,653 | ​ |  | 2,571,468
​ | ​ | $ | 1,892,733 | ​ | $ | 3,144,627
Schedule of contractual undiscounted cash flow requirements for contractual obligations | Contractual undiscounted cash flow requirements for contractual obligations as at June 30, 2026 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Carrying | ​ ​ ​ | Contractual | ​ ​ ​ | Due within | ​ ​ ​ | Due within | ​ ​ ​ | Due within
​ | ​ | amount | ​ | cash flows | ​ | 1 year | ​ | 2 years | ​ | 3 years
Accounts payable and accrued liabilities | ​ | $ | 108,281 | ​ | $ | 108,281 | ​ | $ | 108,281 | ​ | $ | — | ​ | $ | —
​ | ​ | $ | 108,281 | ​ | $ | 108,281 | ​ | $ | 108,281 | ​ | $ | — | ​ | $ | —
Schedule of financial assets and liabilities by level within the fair value hierarchy | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As at June 30, 2026 | ​ ​ ​ | ​ | ​ ​ ​ | Fair value
​ | ​ | Carrying | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | value | ​ ​ ​ | Level 1 | ​ ​ ​ | Level 2 | ​ ​ ​ | Level 3
Financial assets |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Marketable securities | ​ | $ | 11,932 | ​ | $ | 11,932 | ​ | $ | — | ​ | $ | —
​ | ​ | $ | 11,932 | ​ | $ | 11,932 | ​ | $ | — | ​ | $ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As at December 31, 2025 | ​ ​ ​ | ​ | ​ ​ ​ | Fair value
​ | ​ | ​ | Carrying | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | value | ​ ​ ​ | Level 1 | ​ ​ ​ | Level 2 | ​ ​ ​ | Level 3
Financial assets |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Marketable securities | ​ | $ | 22,138 | ​ | $ | 22,138 | ​ | $ | — | ​ | $ | —
​ | ​ | $ | 22,138 | ​ | $ | 22,138 | ​ | $ | — | ​ | $ | —

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