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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - CAD ($)
$ in Thousands
Share capital
Contributed surplus and warrants
Other reserves
Deficit
Total
Balance at the beginning at Dec. 31, 2023 $ 238,823 $ 28,502 $ 7,692 $ (220,587) $ 54,430
Balance at the beginning (in shares) at Dec. 31, 2023 60,903,898        
Shares issued - Lac Guret Property acquisition (Note 18) $ 18,625       18,625
Shares issued - Lac Guret Property acquisition (in shares) 6,208,210        
Shares issued $ 150,281       150,281
Shares issued (in shares) 83,432,538        
Options exercised $ 507 (184)     323
Options exercised (in shares) 137,500        
Share-based compensation   4,291     4,291
Settlement of interest on Convertible Notes $ 6,417   (4,012)   2,405
Settlement of interest on Convertible Notes (Note 14) 1,579,043        
Share issue costs $ (3,413)       (3,413)
Net loss and comprehensive loss       (73,285) (73,285)
Balance at the end at Dec. 31, 2024 $ 411,240 32,609 3,680 (293,872) 153,657
Balance at the end (in shares) at Dec. 31, 2024 152,261,189        
Shares issued $ 27,563       27,563
Shares issued (in shares) 8,333,334        
Options exercised $ 436 (472)     (36)
Options exercised (in shares) 167,016        
Share-based compensation   4,928     4,928
Settlement of interest on Convertible Notes     1,677   1,677
Share issue costs $ (2,764)       (2,764)
Net loss and comprehensive loss       (105,177) (105,177)
Balance at the end at Dec. 31, 2025 $ 436,475 $ 37,065 $ 5,357 $ (399,049) $ 79,848
Balance at the end (in shares) at Dec. 31, 2025 160,761,539