Annual report [Section 13 and 15(d), not S-K Item 405]

Share Capital (Tables)

v3.26.1
Share Capital (Tables)
12 Months Ended
Dec. 31, 2025
Share Capital [Abstract]  
Schedule of Outstanding Stock Options

A continuity schedule of outstanding stock options is as follows:

 

    Number Outstanding     Weighted Average Exercise
Price
 
          ($)  
Outstanding – December 31, 2024     2,555       64.99  
Granted     399,078       2.18  
Forfeited     (76 )     165.38  
Outstanding – December 31, 2025     401,557       2.57  
Vested and exercisable     277,807       2.74  
Schedule of Assumptions for Fair Value of Stock Options

The Company used the following assumptions in calculating the fair value of stock options for the period ended:

 

    December 31,
2025
 
Risk-free interest rate     4.03 %
Expected life of options     5.0 years  
Expected dividend yield     Nil  
Volatility     98.83 %
Schedule of Share Purchase Warrants Outstanding

At December 31, 2025, the Company had share purchase warrants outstanding as follows:

 

Expiration Date   Warrants
Outstanding
    Exercise
Price
    Weighted
Average
Remaining Life
 
          ($)     (years)  
January 26, 2026     7,030       1,800.00       0.08  
February 28, 2027     20,689       460.80       1.07  
December 6, 2027     13,781       20.00       1.83  
December 9, 2027     9,876       17.60       1.83  
January 18, 2028     25,906       124.80       2.08  
February 2, 2028     10,938       14.40       2.08  
October 17, 2028     543,468       3.68       2.58  
October 17, 2028     24,457       4.05       2.58  
December 24, 2029     1,077,586       4.00       3.67  
      1,733,741       18.71       3.45