Note 8 - Warrants

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Class of Warrant or Right [Text Block]

8. WARRANTS  

The changes in warrants are as follows:

	Number of warrants			Weighted average exercise price (CAD)			Aggregate Intrinsic Value
Warrants outstanding, December 31, 2022		17,400,000		$	0.28		$	-
Expired		(4,900,000	)		(1.00	)		-
Warrants outstanding, December 31, 2023 and 2024		12,500,000		$	0.001		$	-

Details of warrants outstanding as at December 31, 2024 are as follows:

Exercise price			Number of warrants outstanding		Expiry date	Number of warrants exercisable		Remaining contractual life (years)
$	0.001	(1) (USA)		12,500,000	June 4, 2025		-		0.43
				12,500,000			-

(1) No share purchase warrants are exercisable until specific performance criteria have been met. Such criteria being 1) targeted revenue sales projections met, or 2) listing on a major US exchange, or 3) change of control.