RESERVES

12 Months Ended

Dec. 31, 2025

Disclosure of reserves within equity [abstract]

RESERVES

RESERVES

The following table summarizes the changes in the Company’s reserves during the years ended December 31, 2025 and 2024:

	Note	Share-based compensation		Equity component of convertible notes		Other		Total
Balance – December 31, 2023		$	25,464	$	50,227	$	3,386	$	79,077
Conversion of 2019 Convertible Notes	13(f)	—		(12,216)		—		(12,216)
Exercise of stock options and settlement of RSUs and pRSUs	20(b)	(6,882)		—		—		(6,882)
Share-based compensation	20(d)	10,297		—		—		10,297
Modification of 2019 & 2020 Convertible Notes	13(e),(f)	—		3,824		—		3,824
Balance – December 31, 2024		28,879		41,835		3,386		74,100
Options issued in connection with Calibre Acquisition	5(a)	39,663		—		—		39,663
Conversion of 2020 Convertible Notes	13(e)	—		(10,148)		—		(10,148)
Exercise of stock options and settlement of RSUs and pRSUs	20(b)	(25,512)		—		—		(25,512)
Share-based compensation	20(d)	14,978		—		—		14,978
Balance – December 31, 2025		$	58,008	$	31,687	$	3,386	$	93,081