v3.26.1
Convertible Debentures (Tables)
12 Months Ended
Dec. 31, 2025
Convertible Debentures  
Schedule of Repayment of principal and interest

Repayment of principal and interest for convertible debentures:

 

US$

 

 

CDN$1.

 

2026

 

 

54,611

 

 

 

74,943

 

Total principal and interest payments

 

 

54,611

 

 

 

74,943

 

Less interest

 

 

(9,611)

 

 

(13,189)

Principal remaining

 

 

45,000

 

 

 

61,754

 

Accumulated change in fair value of convertible debentures

 

 

20,456

 

 

 

28,072

 

Fair value of convertible debentures

 

 

65,456

 

 

 

89,826

 

1. Converted at 1.3723

Schedule of Interest expense for convertible debentures

Movement in convertible debentures

 

For the year ended December 31, 2025

 

 

 

US$

 

 

CDN$

 

Opening balance, January 1

 

$6,378,141

 

 

$9,174,957

 

Fair value remeasurement of convertible debentures held at the beginning of the period

 

 

3,960,005

 

 

 

5,418,502

 

Conversion to common shares

 

 

(10,272,690)

 

 

(14,114,800)

Foreign exchange

 

 

-

 

 

 

(388,833)

Closing balance, December 31

 

 

65,456

 

 

 

89,826

 

Schedule of Fair Value

For the year ended

 

2025

 

 

2024

 

Volatility

 

 

99%

 

 

94%

Term to maturity (years)

 

 

0.64

 

 

 

1.19

 

Price of common shares

 

$0.41

 

 

$0.11

 

 

 

 

2025

 

 

2024

 

 

2023

 

$US

 

$305,383

 

 

$455,112

 

 

$94,781

 

$CDN

 

$432,782

 

 

$621,378

 

 

$128,612