Loans and Borrowings (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure of Detailed Information about Borrowings Explanatory


	Note	December 31, 2024		December 31, 2023
Credit facility	13(a)	$	1,080,557	$	527,368
2023 convertible notes	13(b)	131,682		123,720
2020 convertible notes	13(c)	135,592		135,288
2019 convertible notes	13(d)	—		138,604
Total loans and borrowings		$	1,347,831	$	924,980

Classified and presented as:
Current		$	135,592	$	138,604
Non-current		1,212,239		786,376
		$	1,347,831	$	924,980

Disclosure of Detailed Information about Changes in Loans and Borrowings Arising from Financing Activities

The following is a reconciliation of the changes in the carrying amount of loans and borrowings during the years ended December 31, 2024 and 2023 to cash flows arising from financing activities:


	Note	2024		2023
Balance – beginning of year(1)		$	927,551	$	828,024
Financing cash flows:
Draw down on credit facility		560,000		253,667
Proceeds for liability component of 2023 convertible notes issued	13(b)	—		127,155
Repayment of portion of credit facility		—		(293,000)
Interest paid		(108,535)		(64,824)
Transaction costs	13(a),(b)	(7,645)		(6,962)
Other changes:
Extinguishment of convertible notes	13(c),(d)	(266,241)		—
Recognition of new convertible notes	13(c),(d)	259,306		—
Conversion of 2019 convertible notes	13(d)	(139,661)		—
Interest and accretion expense		128,493		79,142
(Gain) loss on non-substantial modification of debt	13(a)	(3,686)		4,349
Balance – end of year including accrued interest		1,349,582		927,551
Less: Accrued interest(2)		(1,751)		(2,571)
Balance – end of year		$	1,347,831	$	924,980

(1) Includes accrued interest.

(2) Included in accounts payable and accrued liabilities.