3 unchanged sentences
Fixed-rate debt.
−Removed: Our fixed rate debt at June 30, 2025 consists of a convertible bond that has a fixed interest rate of 8.0% per annum.
+Added: Our fixed rate debt at September 30, 2025 consists of a convertible bond that has a fixed interest rate of 8.0% per annum.
The convertible bond is accounted for at amortized cost.
1 unchanged sentence
Variable-rate debt.
−Removed: Our variable-rate debt at June 30, 2025 consists of a secured promissory note issued in connection with the acquisition of land at our Santa Cruz Copper Project.
+Added: Our variable-rate debt at September 30, 2025 consists of a secured promissory note issued in connection with the acquisition of land at our Santa Cruz Copper Project.
The promissory note has an annual interest rate of U.S.
−Removed: As at June 30, 2025, three installments of $12.1 million plus accrued interest remain and are due in November 2025, 2026 and 2027.
−Removed: We performed a sensitivity analysis to estimate the impact to interest expense, arising from a 100 basis points adverse movement to the prime rate for the three months ended June 30, 2025 and six months ended June 30, 2025.
−Removed: The sensitivity analysis indicated that a hypothetical 100 basis points adverse movement would result in an approximate $0.1 million increase to interest expense and a $0.1 million increase to the Company’s net loss for the three months ended June 30, 2025 and in an approximate $0.2 million increase to interest expense and a $0.2 million increase to the Company’s net loss for the six months ended June 30, 2025.
+Added: prime plus 1%.
+Added: As at September 30, 2025, three installments of $12.1 million plus accrued interest remain and are due in November 2025, 2026 and 2027.
+Added: We performed a sensitivity analysis to estimate the impact to interest expense, arising from a 100 basis points adverse movement to the prime rate for the three months ended September 30, 2025 and nine months ended September 30, 2025.
+Added: The sensitivity analysis indicated that a hypothetical 100 basis points adverse movement would result in an approximate $0.1 million increase to interest expense and a $0.1 million increase to the Company’s net loss for the three months ended September 30, 2025 and in an approximate $0.3 million increase to interest expense and a $0.3 million increase to the Company’s net loss for the nine months ended September 30, 2025.
Foreign Currency Risk
5 unchanged sentences
dollar and our foreign currencies fluctuate, we experience foreign exchange gains and losses.
−Removed: The carrying amounts of our Colombian Pesos and Canadian dollar denominated monetary assets and liabilities at June 30, 2025 are as follows:
−Removed: June 30, 2025
+Added: The carrying amounts of our Colombian Pesos and Canadian dollar denominated monetary assets and liabilities at September 30, 2025 are as follows:
+Added: September 30, 2025
Colombian Peso Balance (in 000’s USD Equivalent)
2 unchanged sentences
Other receivables
+Added: Due from related parties 11 —
Accounts payable and accrued liabilities
(1,702) (491)
+Added: Due from related parties (27) —
Other liabilities
$ (2,491) $ 3,302
−Removed: Six Months Ended June 30, 2025
+Added: Nine Months Ended September 30, 2025
Opening exchange rate (1 U.S.
8 unchanged sentences
Appreciation/(devaluation) of Canadian dollar
−Removed: As at June 30, 2025, a 10% depreciation or appreciation of these foreign currencies against the U.S.
−Removed: dollar would have resulted in an approximate $0.1 million decrease or increase in the Company’s net loss for the six months ended June 30, 2025.
+Added: As at September 30, 2025, a 10% depreciation or appreciation of these foreign currencies against the U.S.
+Added: dollar would have resulted in an approximate $0.1 million decrease or increase in the Company’s net loss for the nine months ended September 30, 2025.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.