XML 107 R45.htm IDEA: XBRL DOCUMENT v3.25.1
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)