Quarterly report [Sections 13 or 15(d)]

EQUITY (Tables)

v3.25.1
EQUITY (Tables)
3 Months Ended
Mar. 31, 2025
EQUITY  
Summary of common shares reserved for future issuance

March 31, 

December 31, 

    

2025

    

2024

Warrants

 

57,141,386

 

57,141,386

Options issued and outstanding under stock option plan

 

3,565,859

 

3,574,453

Deferred Share Units granted

 

1,061

 

1,061

Common Shares available for grant under stock option plan

 

2,971,979

 

2,963,385

Total Common Shares reserved for future issuance

 

63,680,285

 

63,680,285

Summary of fair value of the warrant liability

A summary of C$ and 2024 PIPE AB warrant liability activity for the year ended December 31, 2024 is as follows:

December 31, 

2024

Fair value at December 31, 2023

$

94,185

July 2024 PIPE AB Warrant Liability at issuance

31,182,033

Change in fair value of 2024 PIPE AB Warrant Liability

(22,492,884)

Reclassification of 2024 PIPE AB Warrant Liability to equity

 

(8,689,149)

Change in fair value of C$ warrant liability

(88,593)

Fair value at December 31, 2024

$

5,592