Improving Cash BurnReported improvement in cash outflow in 2025 versus 2024 indicates the company has taken steps to reduce operational cash burn. If sustained, lower cash outflows improve runway and reduce near-term refinancing pressure, supporting execution of a multi‑quarter restructuring.
Access To Public Capital MarketsBeing listed on the TSXV provides ongoing access to public equity and debt capital and enforces disclosure standards. For a cash‑burning junior, this structural access can facilitate recapitalizations or equity raises over a 2–6 month horizon, improving financing optionality.
Ability To Obtain External FinancingThe material increase in debt from 2020–2025 shows counterparties have extended credit, demonstrating a capacity to secure external funding. While it raises leverage, this demonstrated access to financing can provide necessary runway to pursue operational fixes or restructuring.