Item 1. Legal Proceedings
Item 1. Legal Proceedings
From time to time the Company is engaged in legal proceedings in the ordinary course of business. We do not believe any current legal proceedings are material to our business.
Item 1A. Ris k Factors
Our business, operations, and financial condition are subject to various risks and uncertainties. The risk factors described in Part I, Item 1A, “Risk Factors” contained in our Annual Report on Form 10-K, as filed with the SEC on March 12, 2026, should be carefully considered, together with the other information contained or incorporated by reference in this Quarterly Report on Form 10-Q and in our other filings filed with the SEC in connection with evaluating us, our business, and the forward-looking statements contained in this Quarterly Report on Form 10-Q.
Item 2. Unregist ered Sales of Equity Securities and Use of Proceeds.
Repurchases of Equity Securities
The table below provides information about Company purchases of its Common Shares during the three months ended March 31, 2026.
Total Number of Shares Purchased (a)
Average Price Paid per Share (b)
Total Number of Shares Purchased as Part of Publicly Announced Program
Approximate Dollar Value of Shares that May Yet be Purchased Under the Program (in thousands of U.S. dollars)
January 1 - 31, 2026
429,227
$
3.45
429,227
$
5,550
February 1 - 28, 2026
458,417
$
3.28
458,417
$
4,046
March 1 - 31, 2026
1,176,892
$
2.88
1,176,892
$
661
Total
2,064,536
$
3.08
2,064,536
$
661
(a) On September 29, 2025, the Board of Directors authorized a $10 million share repurchase for up to 5,687,000 of the Company’s outstanding Common Shares.
(b) Average price paid includes costs associated with the repurchases.
Item 3. Defaults Upon Senior Securities .
Not applicable.
Item 4. Mine Safety Disclosure .
Not applicable.
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