Quarterly report [Sections 13 or 15(d)]

EQUITY (Tables)

v3.25.3
EQUITY (Tables)
9 Months Ended
Sep. 30, 2025
EQUITY  
Summary of common shares reserved for future issuance

September 30, 

December 31, 

    

2025

    

2024

Warrants

 

66,257,259

 

57,141,386

Options issued and outstanding under stock option plan

 

4,532,860

 

3,574,453

Deferred Share Units granted

 

1,061

 

1,061

Common Shares available for grant under stock option plan

 

2,004,978

 

2,963,385

Total Common Shares reserved for future issuance

 

72,796,158

 

63,680,285

Summary of fair value of the warrant liability

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