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DERIVATIVE WARRANT LIABILITY (Tables)
12 Months Ended
Dec. 31, 2024
Class of Warrant or Rights [Line Items]  
Schedule of derivative warrant liability

    

Derivative warrant liability

GM & Panasonic

Mitsui & Pallinghurst

IQ & CGF

Total

$

$

$

$

Issuance

25,742

-

-

25,742

Fair value adjustment

 

(5,955)

-

-

(5,955)

Foreign exchange

 

(49)

-

-

(49)

Balance as of March 31, 2024

19,738

-

-

19,738

Issuance

-

11,107

-

11,107

Fair value adjustment

 

(10,550)

(4,060)

-

(14,610)

Foreign exchange

 

196

(9)

-

187

Balance as of June 30, 2024

9,384

7,038

-

16,422

Fair value adjustment

 

(5,859)

(4,395)

-

(10,254)

Foreign exchange

 

(130)

(96)

-

(226)

Balance as of September 30, 2024

3,395

2,547

-

5,942

Issuance

-

-

3,302

3,302

Fair value adjustment

 

1,052

789

4,078

5,919

Foreign exchange

 

225

167

34

426

Balance as of December 31, 2024

4,672

3,503

7,414

15,589

Disclosure of assumptions used to estimate the fair value of the derivative warrant liability

December 31, 2024

GM and Panasonic

Mitsui and Pallinghurst

IQ and CGF

Number of Warrants

 

25,000,000

18,750,000

39,682,538

Risk-Free Interest Rate

 

4.20%

4.20%

4.20%

Expected Volatility

 

59%

59%

59%

Stock Price at Valuation Date

 

US$1.59

US$1.59

US$1.59

Exercise Price

 

US$2.38

US$2.38

US$2.38

Average Fair Value per Warrant

 

US$0.13

US$0.13

US$0.13

Schedule of non-observable input, expected volatility, change in the fair value of the warrants

    

    

Reasonably

    

Sensitivity [1]

    

    

Reasonably

    

Sensitivity [1]

December 31, 2023

possible change

(Derivative liability)

December 31, 2024

 possible change

(Derivative liability)

Observable inputs

  

  

  

  

  

  

Share price

 

US$2.61

+/- 10%

+0.4M/-0.3M

 

US$1.59

+/- 10%

+0M/0M

Foreign Exchange rate

 

1.32

+/-5%

+/-0.1M

 

1.44

+/-5%

+/-0M

Unobservable inputs

 

  

  

 

  

Expected volatility

 

48.5%

+/- 10%

+0.1/-0.3M

 

47.3%

+/- 10%

+0/0M

Credit spread

 

4.5%

+/-5%

+/-0.03M

 

3.0%

+/-5%

+/-0M

[1]Holding all other variables constant.

Derivative warrant liability  
Class of Warrant or Rights [Line Items]  
Schedule of non-observable input, expected volatility, change in the fair value of the warrants

December 31, 2024

GM and Panasonic

Mitsui and Pallinghurst

IQ and CGF

$

$

$

10% increase in volatility

 

1,060

795

1,682

10% decrease in volatility

 

(1,011)

(758)

(1,604)