SHARE CAPITAL (Tables)

12 Months Ended

Dec. 31, 2025

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Summary of Stock Option Transactions and the Number of Stock Options

A summary of the changes in the share options is presented below:

	Options outstanding		Weighted average    exercise price (C$)
As at December 31, 2023		51,565,802	$	5.08
Granted		5,953,000		9.26
Exercised		(8,757,006)		2.30
Forfeited		(145,001)		7.06
As at December 31, 2024		48,616,795	$	6.09
Granted		11,964,167		11.74
Exercised		(10,415,004)		3.33
Expired		(201,668)		8.03
Forfeited		(436,665)		8.13
At December 31, 2025 - Outstanding		49,527,625	$	8.01
At December 31, 2025 - Exercisable		39,702,519	$	7.20

Summary of Company's Stock Options Outstanding and Exercisable

The following table summarizes information about the exercisable share options outstanding as at December 31, 2025:

		Options Outstanding				Options Exercisable
Range of exercise price	Weighted average remaining contractual life (years)	Number of   options		Weighted average exercise price		Number of options		Weighted average exercise price
$4.53- $5.99	1.11		22,254,730	$	5.59		22,254,730	$	5.59
$6.00 - $7.99	2.85		6,184,062	$	7.10		5,692,395	$	7.06
$8.00 - $9.99	3.71		9,570,000	$	9.36		6,653,333	$	9.35
$10.00 - $13.04	4.62		11,518,833	$	12.05		5,102,061	$	11.56
	2.65		49,527,625	$	8.01		39,702,519	$	7.20

Summary of Weighted Average Grant Date Fair Values

The following weighted average assumptions were used for Black-Scholes valuation of the share options granted:

	Twelve months ended Dec 31,
	2025		2024
Expected stock price volatility		57.29%		61.62%
Expected life of options		5 years		5 years
Risk free interest rate		3.03%		3.00%
Expected forfeitures		0%		0%
Expected dividend yield		0%		0%
Weighted average fair value per option granted in period	$	6.07	$	5.05
Weighted average exercise price	$	11.74	$	9.26