SHARE CAPITAL (Tables)
|
12 Months Ended |
Aug. 31, 2022 |
|---|
| Disclosure Of Share Capital Information [Abstract] |
|
| Disclosure of detailed information about number and weighted average exercise prices of share options |
Stock options The following table summarizes changes in the Company’s outstanding stock options for the year ended August 31, 2022:
| | | | | | | | | | | | | NUMBER | | WEIGHTED AVERAGE EXERCISE PRICE | | | | | | | | | | | | | | | | | | Balance - August 31, 2021 | 7,797,273 | | | 3.84 | | | Granted | 5,477,000 | | | $ | 1.55 | | | Exercised | (100,799) | | | $ | 0.70 | | | Cancelled / Forfeited | (754,981) | | | $ | 5.18 | | | Expired | (1,367,554) | | | $ | 2.77 | | Balance - August 31, 2022 | 11,050,939 | | | $ | 2.77 | |
|
| Disclosure of detailed information about range of exercise prices of outstanding share options |
The following is a summary of the outstanding stock options as at August 31, 2022:
| | | | | | | | | | | | | | | | OPTIONS OUTSTANDING | | OPTIONS EXERCISABLE | Range of Exercise
Prices | Quantity Outstanding | Weighted Average Remaining
Contractual Life (years) | | Quantity Exercisable | $0.30 - $1.93 | 5,583,849 | | 9.0 | | 2,371,562 | | $1.94 - $2.22 | 1,045,000 | | 7.9 | | 757,500 | | $2.23 - $2.56 | 120,000 | | 8.2 | | 79,466 | | $2.57 - $3.18 | 1,177,578 | | 7.4 | | 829,178 | | $3.19 - $3.68 | 1,016,400 | | 7.2 | | 864,400 | | $3.69 - $5.08 | 1,056,011 | | 6.2 | | 1,056,011 | | $5.09 - $11.27 | 1,052,101 | | 6.5 | | 1,052,101 | | | 11,050,939 | | 8.1 | | 7,010,218 | |
|
| Disclosure of detailed information about stock option valuation assumptions |
The following inputs were used for the year ended August 31, 2022 and 2021:
| | | | | | | | | | | | | AUGUST 31, 2022 | | AUGUST 31,
2021 | | Risk free interest rate | 1.18% - 2.98% | | 0.42% - 1.62% | | Expected life of options | 5.0 - 6.0 years | | 5.0 - 6.5 years | | Expected annualized volatility | 85% - 89% | | 68% - 98% | | Expected dividend yield | — | | — | | Forfeiture rate | 11.4% - 11.7% | | 7.5% - 11.4% |
|
| Disclosure of detailed information about number and weighted average exercise prices of restricted stock unit |
The following table summarizes the movements in the Company’s outstanding RSUs:
| | | | | | | NUMBER | | | | | | | | | | Balance - August 31, 2021 | 1,186,172 | | | Granted | 1,444,678 | | | Exercised | (259,000) | | | Cancelled / Forfeited | (26,073) | | Balance - August 31, 2022 | 2,345,777 | |
|
| Disclosure of detailed information about number and weighted average exercise prices of performance share units |
The following table summarizes the movements in the Company’s outstanding PSUs:
| | | | | | | NUMBER | | | | | | | | | | Balance - August 31, 2021 | 471,847 | | | Granted | 188,273 | | | Exercised | (74,331) | | | Cancelled / Forfeited | (320,918) | | Balance - August 31, 2022 | 264,871 | |
|