Financial Risk Management (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure of detailed information about financial instruments [abstract]

Summary of Financial Instruments

The totals for each category of financial instruments, measured in accordance with IAS 39: Financial Instruments: Recognition and Measurement, as detailed in the accounting policies to these consolidated financial statements, are as follows:

		December 31,		December 31,
		2024		2023
(in U.S. dollars)	Notes
Financial assets
Cash and cash equivalents		$	42,557,621	$	78,713,885
Trade and other receivables	10, 12		9,610,361		4,358,833
Financial assets at fair value through profit or loss	15		—		16,666,665
Total financial assets			52,167,982		99,739,383
Financial liabilities
Trade payables	18		998,258		1,342,369
Lease liabilities	20		7,010,416		4,825,560
Borrowings	21		64,444,081		64,562,190
Total financial liabilities		$	72,452,755	$	70,730,119

Schedule of Exposure to Foreign Currency Risk at the end of Reporting Period

The Company’s exposure to foreign currency risk at the end of the reporting period, expressed in U.S. dollars, was as follows:

	December 31, 2024 CAD		December 31, 2023  CAD		December 31, 2024 USD		December 31, 2023 USD
Cash at bank	$	—	$	—	$	2,351,324	$	32,748,324
Trade receivables		—		—		1,507,778		2,427,380
Trade payables		3,623		—		50,778		37,283

Summary of Contractual Maturities of Non-derivative Financial Liabilities

As of December 31, 2024, the contractual maturities of the Company’s non-derivative financial liabilities were as follows:

Contractual maturities of financial liabilities	Less than 6 months		6 – 12 months		Between 1 and 2 years		Between 2 and 5 years		Over 5 years		Total contractual cash flows		Carrying amount
At December 31, 2024	US$		US$		US$		US$		US$		US$		US$
Trade and other payables	$	8,524,141	$	—	$	—	$	—	$	—	$	8,524,141	$	8,524,141
Lease liabilities		404,400		404,400		841,152		2,730,770		4,178,969		8,559,691		7,010,416
Borrowings*		1,392,972		1,390,774		2,766,961		41,890,779		31,699,815		79,141,300		64,444,081
Total non-derivatives	$	10,321,513	$	1,795,174	$	3,608,113	$	44,621,549	$	35,878,784	$	96,225,132	$	79,978,638

* Includes convertible notes (note 22) with terms that allow for redemption in cash at maturity (June 2028) at the option of the holder.