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Financial Instruments | 6 Months Ended | 12 Months Ended
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Jun. 30, 2025 | Dec. 31, 2024
Financial Instruments [Abstract] |  |
Financial Instruments |
| 17. | Financial Instruments
Determination of Fair Values IFRS 13, Fair Value Measurement, establishes a fair value hierarchy that reflects the significance of the inputs used in measuring fair value. The fair value hierarchy has the following levels:
| Level 1 - | Quoted prices in active markets for identical assets or liabilities;
| Level 2 - | Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable;
| Level 3 - | Unobservable inputs in which little or no market activity exists, therefore requiring an entity to develop its own assumptions about the assumptions market participants would use in pricing.
A number of the Company’s accounting policies and disclosures require the determination of fair value, for both financial and non-financial assets and liabilities. Fair values have been determined for measurement and/or disclosure purposes based on the following models. When applicable, further information about the assumptions made in determining fair values is disclosed in the notes specific to that asset or liability. The following is a comparison by class of the carrying amounts and fair value of the Company’s financial instruments as at June 30, 2025 and December 31, 2024:
|  |  |  | June 30, 2025 |  |  | December 31, 2024 |
Financial assets |  | Level |  | Carrying amount |  |  | Fair value |  |  | Carrying amount |  |  | Fair value |
|  |  |  | $ |  |  | $ |  |  | $ |  |  | $ |
Financial assets measured at amortised cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash held in trust |  | 1 |  |  | 2,529,535 |  |  |  | 2,529,535 |  |  |  | 3,841,866 |  |  |  | 3,841,866 |
Trade and other receivables |  | 2 |  |  | 4,097 |  |  |  | 4,097 |  |  |  | 370,537 |  |  |  | 370,537 |
Loan receivable |  | 2 |  |  | 990,688 |  |  |  | 990,688 |  |  |  | 955,022 |  |  |  | 955,022 |
|  |  |  | June 30, 2025 |  |  | December 31, 2024 |
Financial liabilities |  | Level |  | Carrying amount |  |  | Fair value |  |  | Carrying amount |  |  | Fair value |
|  |  |  | $ |  |  | $ |  |  | $ |  |  | $ |
Financial liabilities measure at amortised cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade and other payables |  | 2 |  |  | 2,204,803 |  |  |  | 2,204,803 |  |  |  | 2,982,499 |  |  |  | 2,982,499 |
Loans and borrowings |  | 2 |  |  | 184,285 |  |  |  | 184,285 |  |  |  | 352,814 |  |  |  | 352,814 |
Lease liabilities |  | 2 |  |  | 206,956 |  |  |  | 206,956 |  |  |  | - |  |  |  | - |
Due to related parties |  | 2 |  |  | 317,784 |  |  |  | 317,784 |  |  |  | 302,232 |  |  |  | 302,232 |
| 18. | Financial Instruments
Determination of Fair Values IFRS 13, Fair Value Measurement, establishes a fair value hierarchy that reflects the significance of the inputs used in measuring fair value. The fair value hierarchy has the following levels: Level 1 - Quoted prices in active markets for identical assets or liabilities; Level 2 - Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable; Level 3 - Unobservable inputs in which little or no market activity exists, therefore requiring an entity to develop its own assumptions about the assumptions market participants would use in pricing. A number of the Company’s accounting policies and disclosures require the determination of fair value, for both financial and non-financial assets and liabilities. Fair values have been determined for measurement and/or disclosure purposes based on the following models. When applicable, further information about the assumptions made in determining fair values is disclosed in the notes specific to that asset or liability. The following is a comparison by class of the carrying amounts and fair value of the Company’s financial instruments as at December 31, 2024 and 2023:
|  |  |  | December 31, 2024 |  |  | December 31, 2023 |
|  | Level |  | Carrying amount |  |  | Fair value |  |  | Carrying amount |  |  | Fair value |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets measured at amortised cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash held in trust |  | 1 |  |  | 3,841,866 |  |  |  | 3,841,866 |  |  |  | 93,875 |  |  |  | 93,875 |
Trade and other receivables |  | 2 |  |  | 370,537 |  |  |  | 370,537 |  |  |  | 284,513 |  |  |  | 284,513 |
Loan receivable |  | 2 |  |  | 955,022 |  |  |  | 955,022 |  |  |  | 593,232 |  |  |  | 593,232 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial liabilities measure at amortised cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade and other payables |  | 2 |  |  | 2,982,499 |  |  |  | 2,982,499 |  |  |  | 6,014,572 |  |  |  | 6,014,572 |
Loans and borrowings |  | 2 |  |  | 352,814 |  |  |  | 352,814 |  |  |  | 3,863,454 |  |  |  | 3,863,454 |
Holdback payable |  | 2 |  |  | - |  |  |  | - |  |  |  | 400,000 |  |  |  | 400,000 |
Lease liabilities |  | 2 |  |  | - |  |  |  | - |  |  |  | 135,337 |  |  |  | 135,337 |
Due to related parties |  | 2 |  |  | 302,232 |  |  |  | 302,232 |  |  |  | 2,255,522 |  |  |  | 2,255,522 |

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