Subsequent to the year end, the Company issued 3,219,600 stock options to directors, officers, employees and consultants with an average exercise price of $0.67. 2,461,400 stock options vest 50% after one year and 16.67% on each of the next three anniversaries, and 725,000 options vest 50% after one year and 25% on each of the next two anniversaries.

On January 19, 2023, the Company granted 570,000 RSUs with immediate vesting. On February 6, 2023, all of these restricted stock units were redeemed for 570,000 Common Shares.

On March 13, 2022, the Company transferred all of its cash deposits from Silicon Valley Bank to a large US bank with a strong credit rating. The Company has securities held in custody at a different large, credit-worthy US bank, in money market accounts invested in US treasury notes. The Company established direct relationships with this bank after the closure of Silicon Valley Bank.