| Schedule of Share Based Payment Arrangement Option Exercise Price Range |
A
summary of stock option activity for the stock option plans for the years ended December 31, 2025 and 2024 are as follows:
Schedule
of Share Based Payment Arrangement Option Activity
| | |
Number
of
options | | |
Weighted
average
exercise
price | |
| Outstanding December 31, 2022 | |
| 8,629,000 | | |
$ | 0.43 | |
| | |
| | | |
| | |
| Granted | |
| 1,885,000 | | |
| 0.22 | |
| Expired | |
| (1,988,000 | ) | |
| (0.46 | ) |
| Cancelled | |
| (460,000 | ) | |
| (0.44 | ) |
| Outstanding December 31, 2023 | |
| 8,066,000 | | |
$ | 0.39 | |
| | |
| | | |
| | |
| Granted | |
| 2,318,750 | | |
| 0.14 | |
| Cancelled | |
| (25,000 | ) | |
| (0.14 | ) |
| Outstanding December 31, 2024 | |
| 10,359,750 | | |
$ | 0.31 | |
| | |
| | | |
| | |
| Granted | |
| 2,158,333 | | |
| 0.18 | |
| Expired | |
| (1,930,400 | ) | |
| (0.33 | ) |
| Cancelled | |
| (110,000 | ) | |
| (0.19 | ) |
| Outstanding December 31, 2025 | |
| 10,477,683 | | |
$ | 0.29 | |
The
aggregate intrinsic value for options as of December 31, 2025 was $784,196 (2024 - $nil).
The
following table summarizes information concerning outstanding and exercisable stock options at December 31, 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 | | |
| 952,875 | | |
March 25, 2029 |
| CAD$0.25 | |
| 2,113,333 | | |
| 169,467 | | |
August 21, 2030 |
| CAD$0.30 | |
| 1,805,000 | | |
| 1,227,400 | | |
February 21, 2028 |
| CAD$0.50 | |
| 789,600 | | |
| 789,600 | | |
February 1, 2026 |
| CAD$0.50 | |
| 2,295,000 | | |
| 2,111,400 | | |
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 |
| | |
| 10,477,683 | | |
| 6,456,742 | | |
|
|
| Schedule of Share Based Payment Arrangement Option Exercise Price Range |
The
following table summarizes information concerning outstanding and exercisable stock options at December 31, 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 | | |
| 952,875 | | |
March 25, 2029 |
| CAD$0.25 | |
| 2,113,333 | | |
| 169,467 | | |
August 21, 2030 |
| CAD$0.30 | |
| 1,805,000 | | |
| 1,227,400 | | |
February 21, 2028 |
| CAD$0.50 | |
| 789,600 | | |
| 789,600 | | |
February 1, 2026 |
| CAD$0.50 | |
| 2,295,000 | | |
| 2,111,400 | | |
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 |
| | |
| 10,477,683 | | |
| 6,456,742 | | |
|
|