| Schedule of Share Based Payment Arrangement Option Activity |
A
summary of stock option activity for the stock option plans for the quarter ended September 30, 2025 and the year ended December 31,
2024 are as follows:
Schedule
of Share Based Payment Arrangement Option Activity
| | |
Number
of options | | |
Weighted
average exercise price | |
| Outstanding December 31, 2023 | |
| 8,066,000 | | |
$ | 0.39 | |
| | |
| | | |
| | |
| Granted | |
| 2,318,750 | | |
| 0.15 | |
| Cancelled | |
| (25,000 | ) | |
| (0.14 | ) |
| Outstanding December 31, 2024 | |
| 10,359,750 | | |
$ | 0.31 | |
| | |
| | | |
| | |
| Cancelled | |
| (80,000 | ) | |
| (0.19 | ) |
| Expired | |
| (1,930,400 | ) | |
| (0.33 | ) |
| Granted | |
| 2,158,333 | | |
| 0.18 | |
| | |
| | | |
| | |
| Outstanding September 30, 2025 | |
| 10,507,683 | | |
$ | 0.29 | |
|
| Schedule of Share Based Payment Arrangement Option Exercise Price Range |
The
following table summarizes information concerning outstanding and exercisable stock options at September 30, 2025:
Schedule
of Share Based Payment Arrangement Option Exercise Price Range
Exercise
prices
per share | |
Number
outstanding | | |
Number
exercisable | | |
Expiry date |
| CAD$0.20 | |
| 2,268,750 | | |
| 816,750 | | |
March 25, 2029 |
| CAD$0.25 | |
| 2,143,333 | | |
| 42,867 | | |
August 20, 2030 |
| CAD$0.30 | |
| 1,805,000 | | |
| 1,119,100 | | |
February 21, 2028 |
| CAD$0.50 | |
| 789,600 | | |
| 789,600 | | |
February 1, 2026 |
| CAD$0.50 | |
| 2,295,000 | | |
| 1,973,700 | | |
February 1, 2027 |
| CAD$0.66 | |
| 200,000 | | |
| 200,000 | | |
July 12, 2026 |
| CAD$1.02 | |
| 1,006,000 | | |
| 1,006,000 | | |
April 6, 2026 |
| | |
| 10,507,683 | | |
| 5,948,017 | | |
|
|