Stock Options (Tables)

3 Months Ended

Mar. 31, 2023

Stock Options

Summary of Changes in Stock Options

A continuity of the Company’s outstanding stock options for the three months ended March 31, 2023 and the year ended December 31, 2022 is presented below:

	Number of options			Weighted average exercise price
Outstanding, December 31, 2021		7,640,000		$	0.12
Granted		7,210,000			0.27
Exercised		(3,345,000	)		0.20
Expired		(5,000	)		0.74
Outstanding, December 31, 2022		11,500,000		$	0.19
Exercised		(550,000	)		0.25
Outstanding, March 31, 2023		10,950,000		$	0.18
Exercisable, March 31 2023		10,180,000		$	0.18

Schedule of Stock Options Outstanding and Exercisable

At March 31, 2023 the Company had the following outstanding stock options:

Outstanding		Exercise Price		Expiry Date	Vested
	1,550,000		0.12	October 24, 2023		1,550,000
	3,600,000		0.13	September 19, 2024		3,600,000
	640,000		0.06	July 31, 2025		640,000
	2,560,000		0.22	July 26, 2025		1,790,000
	250,000		0.28	June 6, 2026		250,000
	2,350,000		0.44	December 9, 2024		2,350,000
	10,950,000					10,180,000