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SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2021

SHARE-BASED COMPENSATION (Tables)

Share based compensation expense

(in thousands)		2021				2020

Share-based compensation expense for:
Share options		$	(1,383	)		$	(559	)
RSUs			(1,435	)			(1,034	)
PSUs			(14	)			(234	)
Share based compensation expense		$	(2,832	)		$	(1,827	)

Stock options continuity

		2021								2020
						Weighted								Weighted
						Average								Average
						Exercise								Exercise
		Number of Common				Price per Share				Number of Common				Price per Share
		Shares				(CAD)				Shares				(CAD)

Share options outstanding-January 1			15,077,243			$	0.67				13,827,243			$	0.75
Grants			4,171,000				1.30				3,671,000				0.46
Exercises ⁽¹⁾			(8,451,848	)			0.75				(251,500	)			0.59
Expiries			(31,000	)			0.66				(1,424,000	)			0.97
Forfeitures			(1,315,500	)			0.79				(745,500	)			0.67
Share options outstanding-December 31			9,449,895			$	0.86				15,077,243			$	0.67
Share options exercisable-December 31			4,370,895			$	0.61				10,289,743			$	0.74

Stock options outstanding

		Weighted								Weighted-
		Average								Average
		Remaining								Exercise
Range of Exercise		Contractual				Number of				Price per
Prices per Share		Life				Common				Share
(CAD)		(Years)				Shares				(CAD)

Share options outstanding
$ 0.25 to $ 0.49			3.21				2,354,500			$	0.45
$ 0.50 to $ 0.74			1.69				3,054,395				0.64
$ 0.75 to $ 0.99			0.19				331,000				0.85
$ 1.00 to $ 1.49			4.20				3,606,000				1.28
$ 1.50 to $ 1.99			-				-				-
$ 2.00 to $ 2.49			4.87				104,000				2.29
Share options outstanding-December 31, 2021			3.01				9,449,895			$	0.86

Fair value of options granted assumptions

		2021				2020

Risk-free interest rate		0.70% - 1.29%				0.27% - 0.67%
Expected share price volatility		66.11% - 73.37%				44.16% - 54.16%
Expected life		3.4 years				3.4 years
Estimated forfeiture rate		3.13% - 3.91%				2.84% - 3.08%
Expected dividend yield			-				-
Fair value per option granted		CAD$0.59 - CAD$1.22				CAD$0.15 - CAD$0.25

RSUs continuity

		2021								2020
						Weighted								Weighted
						Average								Average
		Number of				Fair Value				Number of				Fair Value
		Common				Per RSU				Common				Per RSU
		Shares				(CAD)				Shares				(CAD)

RSUs outstanding-January 1			5,691,899			$	0.52				2,754,099			$	0.70
Grants			1,958,000				1.44				3,345,750				0.38
Exercises ⁽¹⁾			(760,329	)			0.56				(238,949	)			0.69
Forfeitures			(1,087,729	)			0.63				(169,001	)			0.59
RSUs outstanding-December 31			5,801,841			$	0.80				5,691,899			$	0.52
RSUs vested-December 31			1,997,677			$	0.59				970,670			$	0.69

PSUs continuity

		2021								2020
						Weighted								Weighted
						Average								Average
		Number of				Fair Value				Number of				Fair Value
		Common				Per PSU				Common				Per PSU
		Shares				(CAD)				Shares				(CAD)

PSUs outstanding-January 1			2,020,000			$	0.63				2,140,000			$	0.65
Grants			-				-				180,000				0.38
Exercises ⁽¹⁾			(210,000	)			0.66				(120,000	)			0.65
Forfeitures			(280,000	)			0.68				(180,000	)			0.65
PSUs outstanding-December 31			1,530,000			$	0.62				2,020,000			$	0.63
PSUs vested-December 31			870,000			$	0.63				700,000			$	0.65