Financial instruments and financial risk factors (Tables)

3 Months Ended

Mar. 31, 2024

Investments, All Other Investments [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The Company’s financial assets and financial liabilities measured at fair value on a recurring basis are as follows:

As at March 31, 2024	Balance		Level 1		Level 2
Accounts receivable (subject to provisional pricing)	$	0.6	$	—	$	0.6
Conversion feature of convertible debt (refer to Note 14)	180.2		—		180.2
As at December 31, 2023	Balance		Level 1		Level 2
Accounts receivable (subject to provisional pricing)	$	0.6	$	—	$	0.6
Conversion feature of convertible debt (refer to Note 14)	0.4		—		0.4

Schedule Of Sensitivity Analysis Of Fair Value, Nonmonetary Commodity

The following table sets out the Company’s exposure, in relation to the impact of movements in the cobalt and nickel price for the provisionally invoiced sales volume:

As at March 31, 2024	Cobalt		Nickel
Metric tonnes subject to fair value pricing adjustments	1,124.7		1,124.7
10% increase in prices	$	0.1	$	0.1
10% decrease in prices	$	(0.1)	$	(0.1)

As at December 31, 2023	Cobalt		Nickel
Metric tonnes subject to fair value pricing adjustments	2,313.0		2,313.0
10% increase in prices	$	0.2	$	0.3
10% decrease in prices	$	(0.2)	$	(0.3)

Schedule Of Nonmonetary Commodity, Fair Value

The following table sets out the period end commodity prices for cobalt and nickel:

As at March 31, 2024	Market price per tonne
Cobalt	$	27,778
Nickel	$	16,525

As at December 31, 2023	Market price per tonne
Cobalt	$	28,660
Nickel	$	16,250