Quarterly report [Sections 13 or 15(d)]

WARRANTS

v3.25.3
WARRANTS
9 Months Ended
Sep. 30, 2025
WARRANTS  
WARRANTS

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7.

WARRANTS

As of September 30, 2025, outstanding Common Share warrants and exercise prices related to unit offerings are as follows:

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Exercise

    

Number of

    

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Price $

 

Warrants

​

Expiry date

C$12.00

 

279,613

 

November 2025

US$2.02

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7,854,656

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January 2026

US$12.60

 

524,088

 

August 2026

US$9.60

 

146,744

 

August 2026

US$2.02

​

7,854,656

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January 2027

US$7.50

 

345,938

 

April 2028

US$6.10

 

69,188

 

April 2028

US$1.75

 

11,227,714

 

February 2029

US$2.50

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7,854,656

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July 2029

US$1.25

​

28,233,180

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July 2030

US$0.01

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1,866,826

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None

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66,257,259

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During the three and nine months ended September 30, 2025, 1,279,923 pre-funded warrants, including 984,736 issued in the July 2025 RD Offering, were exercised for gross proceeds of $3,050. Refer to Note 6 for discussion on the discounted exercise of 8,411,214 July 2024 PIPE warrants on July 22, 2025, discounted exercise of 10,410,906 July 2024 PIPE warrants on July 28, 2025, issuance of 12,616,820 new warrants on July 22, 2025, and issuance of 15,616,360 new warrants on July 28, 2025.