| Warrants |
7. WARRANTS Following is a summary of the warrant activity during the three and nine months ended September 30, 2025 and 2024:
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Number of Share Purchase Warrants |
|
|
Weighted Average Exercise Price |
|
Outstanding January 1, 2024 |
|
|
22,571,471 |
|
|
$ |
1.22 |
|
Issued |
|
|
— |
|
|
|
— |
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Exercised |
|
|
— |
|
|
|
— |
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Expired |
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|
(4,838,707 |
) |
|
|
1.24 |
|
Outstanding March 31, 2024 |
|
|
17,732,764 |
|
|
$ |
1.21 |
|
Issued |
|
|
— |
|
|
|
— |
|
Exercised |
|
|
— |
|
|
|
— |
|
Expired |
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|
— |
|
|
|
— |
|
Outstanding June 30, 2024 |
|
|
17,732,764 |
|
|
$ |
1.21 |
|
Issued |
|
|
— |
|
|
|
— |
|
Exercised |
|
|
— |
|
|
|
— |
|
Expired |
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|
— |
|
|
|
— |
|
Outstanding September 30, 2024 |
|
|
17,732,764 |
|
|
$ |
1.21 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding January 1, 2025 |
|
|
17,732,764 |
|
|
$ |
1.21 |
|
Issued |
|
|
— |
|
|
|
— |
|
Exercised |
|
|
— |
|
|
|
— |
|
Expired |
|
|
— |
|
|
|
— |
|
Outstanding March 31, 2025 |
|
|
17,732,764 |
|
|
$ |
1.21 |
|
Issued |
|
|
— |
|
|
|
— |
|
Exercised |
|
|
— |
|
|
|
— |
|
Expired |
|
|
— |
|
|
|
— |
|
Outstanding June 30, 2025 |
|
|
17,732,764 |
|
|
$ |
1.21 |
|
Issued |
|
|
— |
|
|
|
— |
|
Exercised |
|
|
— |
|
|
|
— |
|
Expired |
|
|
— |
|
|
|
— |
|
Outstanding September 30, 2025 |
|
|
17,732,764 |
|
|
$ |
1.21 |
|
As of September 30, 2025, the following share purchase warrants were outstanding and exercisable:
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Outstanding |
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Exercise Price |
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Remaining life
(years) |
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|
Expiry Date |
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7,537,313 |
|
|
$1.50 |
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|
0.58 |
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|
April 29, 2026 |
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10,195,451 |
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|
$1.00 |
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|
4.75 |
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Jun 30, 2030 |
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17,732,764 |
|
|
|
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|
As of September 30, 2024, the following share purchase warrants were outstanding and exercisable:
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Outstanding |
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Exercise Price |
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Remaining life
(years) |
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|
Expiry Date |
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7,537,313 |
|
|
$1.50 |
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|
1.58 |
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|
April 29, 2026 |
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10,195,451 |
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|
$1.00 |
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|
5.75 |
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|
June 30, 2030 |
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17,732,764 |
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