3 unchanged sentences
Fixed-rate debt.
−Removed: Our fixed rate debt at September 30, 2025 consists of a convertible bond that has a fixed interest rate of 8.0% per annum.
+Added: Our fixed rate debt at March 31, 2026 consisted of a $34.5 million convertible bond that has a fixed interest rate of 8.0% per annum.
The convertible bond is accounted for at amortized cost.
−Removed: Any changes in the market interest rates associated with these financial instruments would not impact our net loss, comprehensive loss or future cash flows.
+Added: Any changes in the market interest rates associated with this financial instruments would not impact our net loss, comprehensive loss or future cash flows.
Variable-rate debt.
−Removed: 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.
−Removed: The promissory note has an annual interest rate of U.S.
−Removed: prime plus 1%.
−Removed: As at September 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 September 30, 2025 and nine months ended September 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 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.
+Added: Our variable-rate debt at March 31, 2026 was $nil.
+Added: However, we have an undrawn $200.0 million Bridge Facility at March 31, 2026, related to the Santa Cruz Copper Project, which if drawn will have an interest rate equal to the secured overnight financing rate plus 5.0%.
Foreign Currency Risk
2 unchanged sentences
dollars at our exploration projects located in the United States and are not subject to foreign currency risk.
−Removed: Outside of the United States, we are subject to foreign currency risk when we undertake transactions in foreign currencies, particularly certain operating expenditures incurred in Colombia and Canada.
+Added: Outside of the United States, we are subject to foreign currency risk when we undertake transactions in foreign currencies, particularly certain operating expenditures incurred in Canada.
As the exchange rates between the U.S.
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 September 30, 2025 are as follows:
−Removed: September 30, 2025
−Removed: Colombian Peso Balance (in 000’s USD Equivalent)
+Added: The carrying amounts of our Canadian dollar denominated monetary assets and liabilities at March 31, 2026 are as follows:
+Added: March 31, 2026
Canadian Dollar Balance (in 000’s USD Equivalent)
−Removed: $ 409 $ 3,599
Other receivables
−Removed: Due from related parties 11 —
Accounts payable and accrued liabilities
−Removed: (1,702) (491)
−Removed: Due from related parties (27) —
Other liabilities
−Removed: $ (2,491) $ 3,302
−Removed: Nine Months Ended September 30, 2025
−Removed: Opening exchange rate (1 U.S.
−Removed: dollar to Colombian Pesos)
−Removed: Closing exchange rate (1 U.S.
−Removed: dollar to Colombian Pesos)
−Removed: Appreciation/(devaluation) of Colombian Peso
+Added: Three Months Ended March 31, 2026
Opening exchange rate (1 U.S.
3 unchanged sentences
Appreciation/(devaluation) of Canadian dollar
−Removed: As at September 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 nine months ended September 30, 2025.
+Added: As at March 31, 2026, a 10% depreciation or appreciation of the Canadian dollar against the U.S.
+Added: dollar would have resulted in an approximate $0.5 million increase or decrease in the Company’s net income for the three months ended March 31, 2026.
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.