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Warrant derivative (Tables)
12 Months Ended
Dec. 31, 2025
Warrant derivative  
Schedule of reconciliation of change in fair value of warrant derivatives

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Fair Value of July ’22 Warrant

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Fair Value of November ‘25 

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Derivative

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Warrant Derivative

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  ​ ​ ​

$

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$

Balance, December 31, 2023

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11,726,728

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—

Change in fair value of warrant derivative

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135,959

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—

Balance, December 31, 2024

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11,862,687

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—

Recognition of warrant derivative

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6,310,328

Change in fair value of warrant derivative

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10,205,489

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8,756,570

Derecognition of warrant derivative

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(22,068,176)

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—

Balance, December 31, 2025

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—

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15,066,898

Schedule of assumptions used in measuring estimated fair value of the warrant derivatives

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December 31, 2025

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December 31, 2024

 

Risk-free interest rate

 

2.57

%  

2.47

%

Expected warrant life in years

 

2.62 years

 

1.78 years

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Expected stock price volatility

 

133.05

%  

117.21

%

Dividend yield

 

—

 

—

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Warrants outstanding

 

2,392,832

 

5,075,000

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