SHARE CAPITAL (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| SHARE CAPITAL |
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| Schedule of stock option transactions and the number of stock options outstanding |
| | | | | | | | | | Weighted average | | | Number of options | | exercise price per share | Outstanding January 1, 2024 | | 3,943,032 | | $ | 13.28 | Granted | | 647,000 | | | 12.68 | Expired | | (421,136) | | | 14.16 | Forfeited | | (46,583) | | | 14.04 | Exercised | | (239,865) | | | 10.96 | Outstanding December 31, 2024 | | 3,882,448 | | $ | 13.20 | Granted | | 1,258,250 | | $ | 10.58 | Expired | | (63,669) | | | 15.03 | Forfeited | | (51,501) | | | 12.39 | Exercised | | (550,975) | | | 5.86 | Outstanding, December 31, 2025 | | 4,474,553 | | $ | 13.35 | Number of options exercisable | | 3,463,012 | | $ | 14.05 |
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| Schedule of stock option outstanding and range of exercise prices |
| | | | | | | | | | | | | | | | | | | | | | | | | Weighted | | | | | | | | Number of | | Weighted | | average | Range of | | Number of | | Weighted average | | options | | average | | remaining | exercise prices | | options | | exercise price | | exercisable | | exercise price | | contractual life (years) | $9.16 - $10.44 | | 1,001,593 | | $ | 9.95 | | 512,010 | | $ | 10.11 | | 4.1 | $10.45 - $12.44 | | 917,776 | | | 11.68 | | 584,693 | | | 11.66 | | 2.7 | $12.45 - $15.24 | | 1,195,567 | | | 13.25 | | 1,006,692 | | | 13.35 | | 2.7 | $15.25 - $16.52 | | 1,048,858 | | | 16.27 | | 1,048,858 | | | 16.27 | | 1.9 | $16.53 - $20.40 | | 310,759 | | | 19.85 | | 310,759 | | | 19.85 | | 1.1 | | | 4,474,553 | | $ | 13.35 | | 3,463,012 | | $ | 14.05 | | 2.7 |
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| Schedule of weighted average assumptions used to estimate the grant date fair values |
| | | | | | | | | | 2025 | | 2024 | | Expected stock price volatility | | | 58.05 | % | | 61.57 | % | Expected life of options (years) | | | 5.0 | | | 5.0 | | Risk free interest rate | | | 3.05 | % | | 2.98 | % | Expected dividend yield | | | 0.00 | % | | 0.00 | % | Weighted average exercise price | | $ | 10.58 | | $ | 12.67 | | Weighted average fair value per option granted | | $ | 5.55 | | $ | 6.90 | |
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| Schedule of share-based compensation |
| | | | | | | | | 2025 | | 2024 | Expensed to the statement of income and comprehensive income | | $ | 5,839,921 | | $ | 5,267,839 | Capitalized to exploration and evaluation assets | | | 1,295,757 | | | 1,446,824 | | | $ | 7,135,678 | | $ | 6,714,663 |
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| Schedule of number and weighted average exercise price-of warrants |
| | | | | | | | Number of underlying | | Weighted average exercise | | | shares | | price per share | Outstanding January 1, 2024 | | 276,652 | | $ | 13.20 | Expired | | (1,844) | | | 13.20 | Exercised | | (274,808) | | | 13.20 | Outstanding December 31, 2024 | | — | | $ | — | Outstanding, December 31, 2025 | | — | | $ | — |
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| Share options |
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| SHARE CAPITAL |
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| Schedule of RSUs issued and outstanding |
| | | | | | | | | | Weighted average | | | Number of RSUs | | grant date fair value | Outstanding January 1, 2024 | | — | | $ | — | Granted | | 87,500 | | | 11.04 | Outstanding December 31, 2024 | | 87,500 | | $ | 11.04 | Granted | | 87,500 | | | 11.83 | Exercised | | (29,167) | | | 11.04 | Outstanding December 31, 2025 | | 145,833 | | $ | 11.51 |
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| Restricted share units |
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| SHARE CAPITAL |
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| Schedule of RSUs issued and outstanding |
| | | | | | | | | 2025 | | 2024 | Expensed to the statement of income and comprehensive income | | $ | 508,995 | | $ | 17,306 | Capitalized to exploration and evaluation assets | | | 84,836 | | | 2,884 | | | $ | 593,831 | | $ | 20,190 |
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