| WARRANT |
The following table summarizes the warrant activities for the years ended December 31, 2025 and 2024:
| Schedule of warrant activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Number of
warrants |
|
|
Weighted average
exercise price |
|
|
Weighted average
remaining life
(years) |
|
|
Aggregate
intrinsic
value
($) |
|
| Balance - December 31, 2023 |
|
|
31,770,249 |
|
|
$ |
0.19 (CAD$0.26 |
) |
|
|
3.01 |
|
|
|
2,907,924 |
|
| Exercise to SV shares for December warrants |
|
|
(6,716,499 |
) |
|
$ |
0.18 (CAD$0.25 |
) |
|
|
- |
|
|
|
2,245,712 |
|
| Exercise to SV shares for July warrants |
|
|
(13,737,500 |
) |
|
$ |
0.20 (CAD$0.28 |
) |
|
|
- |
|
|
|
3,418,504 |
|
| Exercise to SV shares for August warrants |
|
|
(2,816,250 |
) |
|
$ |
0.20 (CAD$0.28 |
) |
|
|
- |
|
|
|
938,472 |
|
| Forfeit and return of cancelled warrants (Note 7) |
|
|
(4,500,000 |
) |
|
$ |
0.16 (CAD$0.23 |
) |
|
|
- |
|
|
|
- |
|
| Balance, December 31, 2024 |
|
|
4,000,000 |
|
|
$ |
0.16 (CAD$0.225 |
) |
|
|
3.76 |
|
|
|
1,959,830 |
|
| Balance, December 31, 2025 |
|
|
4,000,000 |
|
|
$ |
0.16 (CAD$0.225 |
) |
|
|
2.76 |
|
|
|
1,386,254 |
|
As at December 31, 2025 and 2024, the following warrants were issued and outstanding:
| Schedule of warrants issued |
|
|
|
|
|
|
|
|
| Expiry date |
|
Number of
warrants
outstanding |
|
|
Exercise price |
|
| October 5, 2028 |
|
|
4,000,000 |
|
|
$ |
0.16 (CAD$0.225 |
) |
| |
|
|
4,000,000 |
|
|
$ |
0.16 (CAD$0.225 |
) |
|