v3.25.2
Note 9 - Capital Stock and Reserves (Tables)
12 Months Ended
Mar. 31, 2025
Statement Line Items [Line Items]  
Disclosure of number and weighted average exercise prices of share options [text block]

Expiry Date

 

Exercise Price

  

Balance March 31, 2024

  

Granted

  

Exercised

  

Forfeited / Expired

  

Balance March 31, 2025

  

Exercisable

 
                             

March 8, 2025

 $14.12*   4,000   -   -   (4,000)  -   - 

September 2, 2025

 $11.61*   20,000   -   -   -   20,000   20,000 

September 6, 2025

 $12.52*   8,000   -   -   (8,000)  -   - 

November 20, 2025

 $3.64*   6,000   -   -   -   6,000   6,000 

December 2, 2025

 $8.20*   62,000   -   -   (37,000)  25,000   25,000 

December 13, 2025

 $8.65*   21,000   -   -   -   21,000   21,000 

March 26, 2026

 $3.01*   20,000   -   -   -   20,000(1)  20,000 

August 25, 2026

 $5.15*   17,500   -   -   -   17,500   17,500 

September 6, 2026

 $6.01*   40,000   -   -   (15,000)  25,000   25,000 

November 1, 2026

 $6.84*   10,000   -   -   -   10,000   10,000 

December 4, 2026

 $4.98*   20,000   -   -   -   20,000   20,000 

November 15, 2027

 $2.51*   -   55,000   -   -   55,000(3)  55,000 

March 27, 2028

 $1.20   -   83,333   -   -   83,333   83,333 

September 6, 2028

 $6.01*   85,000   -   -   (25,000)  60,000   60,000 

February 15, 2029

 $3.98   20,000   -   -   (20,000)  -   - 

July 23, 2029

 $3.81*   -   36,000   -   (36,000)  -   - 

April 1, 2029

 $2.51*   -   83,194   -   (11,589)  71,605(2)  51,323 

November 15, 2029

 $2.51*   -   36,815   -   -   36,815(4)  36,815 

February 12, 2030

 $1.418   -   36,000   -   -   36,000(5)  36,000 

February 12, 2030

 $1.38   -   9,200   -   -   9,200   9,200 
                             

Total

      333,500   339,542   -   (156,589)  516,453   496,171 
                             

Weighted average exercise price

     $7.38  $2.32  $-  $5.86  $3.96  $4.02 
                             

Weighted average remaining life (years)

      2.61               2.81     

Expiry Date

 

Exercise Price

  

Balance March 31, 2023

  

Granted

  

Exercised

  

Forfeited / Expired

  

Balance March 31, 2024

  

Exercisable

 
                             

March 1, 2024

 $16.50   15,000   -   -   (15,000)  -   - 

November 14, 2024

 $3.65   -   36,000   (36,000)  -   -   - 

March 8, 2025

 $15.50   4,000   -   -   -   4,000   4,000 

September 2, 2025

 $12.75   20,000   -   -   -   20,000   20,000 

September 6, 2025

 $13.75   8,000   -   -   -   8,000   8,000 

November 20, 2025

 $4.00   6,000   -   -   -   6,000   6,000 

December 2, 2025

 $9.00   62,000   -   -   -   62,000   62,000 

December 13, 2025

 $9.50   31,000   -   -   (10,000)  21,000   21,000 

January 15, 2026

 $7.25   35,300   -   -   (35,300)  -   - 

March 26, 2026

 $3.30   -   20,000   -   -   20,000   20,000 

August 25, 2026

 $5.65   -   17,500   -   -   17,500   17,500 

September 6, 2026

 $6.60   -   40,000   -   -   40,000   40,000 

November 1, 2026

 $7.50   10,000   -   -   -   10,000   10,000 

December 4, 2026

 $5.47   -   20,000   -   -   20,000   20,000 

February 16, 2027

 $17.50   20,000   -   -   (20,000)  -   - 

September 6, 2028

 $6.60   -   85,000   -   -   85,000   85,000 

February 15, 2029

 $3.98   -   20,000   -   -   20,000   20,000 
  $-   -   -   -   -   -   - 
                             

Total

      211,300   238,500   (36,000)  (80,300)  333,500   333,500 
                             

Weighted average exercise price

     $10.81  $5.87  $4.70  $9.95  $7.38  $7.38 
                             

Weighted average remaining life (years)

      2.57               2.61     

Expiry Date

 

Exercise Price

  

Balance March 31, 2022

  

Granted

  

Exercised

  

Forfeited / Expired

  

Balance March 31, 2023

  

Exercisable

 
                             

January 4, 2023

 $14.25   105,000   -   -   (105,000)  -   - 

March 1, 2024

 $16.50   15,000   -   -   -   15,000   15,000 

March 8, 2025

 $15.50   4,000   -   -   -   4,000   4,000 

September 2, 2025

 $12.75   -   20,000   -   -   20,000   20,000 

September 6, 2025

 $13.75   -   8,000   -   -   8,000   8,000 

November 20, 2025

 $4.00   8,000   -   (2,000)  -   6,000   6,000 

December 2, 2025

 $9.00   -   62,000   -   -   62,000   62,000 

December 13, 2025

 $9.50   -   31,000   -   -   31,000   31,000 

January 15, 2026

 $7.25   41,300   -   (6,000)  -   35,300   35,300 

October 21, 2026

 $5.25   5,000   -   (5,000)  -   -   - 

November 1, 2026

 $7.50   10,000   -   -   -   10,000   10,000 

December 3, 2026

 $12.50   6,000   -   -   (6,000)  -   - 

January 17, 2027

 $20.25   10,000   -   -   (10,000)  -   - 

February 16, 2027

 $17.50   20,000   -   -   -   20,000   20,000 
                             

Total

      224,300   121,000   (13,000)  (121,000)  211,300   211,300 
                             

Weighted average exercise price

     $12.88  $10.06  $5.98  $14.67  $10.81  $10.81 
                             

Weighted average remaining life (years)

                      2.57     

Expiry Date

 

Exercise Price

  

Balance March 31, 2023

  

Granted

  

Exercised

  

Forfeited / Expired

  

Balance March 31, 2024

  

Exercisable

 
                             

March 31, 2024

 $14.25   15,000   -   -   (15,000)  -   - 
                             

Total

      15,000   -   -   (15,000)  -   - 
                             

Weighted average exercise price

     $14.25  $-  $-  $14.25  $-  $- 
                             

Weighted average remaining life (years)

                      -     

Expiry Date

 

Exercise Price

  

Balance March 31, 2022

  

Granted

  

Exercised

  

Forfeited / Expired

  

Balance March 31, 2023

  

Exercisable

 
                             

March 31, 2024

 $14.25   15,000   -   -   -   15,000   - 
                             

Total

      15,000   -   -   -   15,000   - 
                             

Weighted average exercise price

     $14.25  $-  $-  $-  $14.25  $- 
                             

Weighted average remaining life (years)

                      1     
Disclosure of indirect measurement of fair value of goods or services received, share options granted during period [text block]
  

For the year ended

March 31,

2025

  

For the year ended

March 31,

2024

  

For the year ended

March 31,

2023

 
             

Fair value per option

 $1.48  $5.42  $6.00 

Exercise price

 $2.13  $5.49  $11.00 

Expected life (years)

  3.92   3.50   3.00 

Interest rate

  2.92%  4.17%  3.49%

Annualized volatility (based on historical volatility)

  101%  108%  118%

Dividend yield

  0.00%  0.00%  0.00%
Disclosure of performance share units [text block]
  

Number of PSU’s Outstanding

  

Number of PSU’s Vested

  

Weighted Average Grant Date Fair Value

  

Share-based payment reserve

 
                 

Balance at March 31, 2022

  250,000   20,000  $14.50  $531,122 

PSU’s granted

  160,000   -   9.10   - 

PSU’s vesting through the year

  -   -   14.50   547,374 

PSU’s redeemed

  (20,000)  (20,000)  17.75   (355,000)

PSU’s forfeited/cancelled

  (390,000)  -   10.66   (723,497)
                 

Balance at March 31, 2023, 2024 and 2025

  -   -  $-  $- 
Disclosure of number and weighted average exercise prices of other equity instruments [text block]

Grant Date

 

Balance March 31, 2024

  

Granted

  

Exercised

  

Forfeited / Expired

  

Balance March 31, 2025

  

Exercisable

 
                         

November 15, 2024

  -   222,491   (82,570)  (3,008)  136,913*   87,179 

February 12, 2025

  -   7,088   -   -   7,088   - 
   -   229,579   (82,570)  (3,008)  144,001   87,179 
Disclosure of detailed information about warrant transactions [text block]

Expiry Date

 

Exercise Price

  

Balance March 31, 2024

  

Granted

  

Exercised

  

Forfeited / Expired

  

Balance March 31, 2025

 
                         

August 24, 2028

 

$

USD 6.25   800,000   -   -   -   800,000 

March 13, 2026

 $4.00   341,592   -   -   -   341,592(2)

April 29, 2026

 $4.00   -   247,471   -   -   247,471(1)

November 14, 2026

 $4.00   -   3,045,000   -   -   3,045,000(3)
                         

Total

      1,141,592   3,292,971   -   -   4,434,563 
                         

Weighted average exercise price

     $5.58  $4.00  $-  $-  $4.92 
                         

Weighted average remaining life (years)

      3.67               2.04 

Expiry Date

 

Exercise Price

  

Balance March 31, 2023

  

Granted

  

Exercised

  

Forfeited / Expired

  

Balance March 31, 2024

 
                         

December 2, 2023

 $6.50   24,000   -   -   (24,000)  - 

August 24, 2028

 $USD 6.25   -   800,000   -   -   800,000 

March 13, 2026

 $4.00   -   341,592   -   -   341,592 
                         

Total

      24,000   1,141,592   -   (24,000)  1,141,592 
                         

Weighted average exercise price

     $6.50  $5.58  $-  $6.50  $5.58 
                         

Weighted average remaining life (years)

      0.67               3.67 

Expiry Date

 

Exercise Price

  

Balance March 31, 2022

  

Granted

  

Exercised

  

Forfeited / Expired

  

Balance March 31, 2023

 
                         

August 28, 2022

 $3.75   53,778   -   (53,778)  -   - 

August 28, 2022

 $5.00   121,600   -   (121,600)  -   - 

October 29, 2022

 $12.50   36,166   -   (3,572)  (32,594)  - 

December 15, 2022

 $5.00   22,000   -   (10,000)  (12,000)  - 

December 2, 2023

 $6.50   47,800   -   (23,800)  -   24,000 
                         

Total

      281,344   -   (212,750)  (44,594)  24,000 
                         

Weighted average exercise price

     $5.98  $-  $4.98  $10.48  $6.50 
                         

Weighted average remaining life (years)

                      0.67 

Expiry Date

 

Exercise Price

  

Balance March 31, 2024

  

Granted

  

Exercised

  

Expired

  

Balance March 31, 2025

 
                         

July 19, 2024

 $10.00   5,765   -   -   (5,765)*  - 

March 13, 2026

 $3.40   3,274   -   -   -   3,274 

April 29, 2026

 $3.40   -   51   -   -   51 

November 14, 2026

 $3.00   -   162,730   -   -   162,730(1)

August 21, 2028

 $USD 6.25   40,000   -   -   -   40,000 
                         

Total

      49,039   162,781   -   -   206,055 
                         

Weighted average exercise price

     $6.50  $3.00  $-  $-  $4.19 
                         

Weighted average remaining life (years)

      2.94               1.96 

Expiry Date

 

Exercise Price

  

Balance March 31, 2023

  

Granted

  

Exercised

  

Cancelled / Expired

  

Balance March 31, 2024

 
                         

August 19, 2024

 $10.00   5,765   -   -   -   5,765 

March 13, 2026

 $3.40   -   3,274   -   -   3,274 

August 21, 2028

 $USD 6.25   -   40,000   -   -   40,000 
                         

Total

      5,765   43,274   -   -   49,039 
                         

Weighted average exercise price

     $10.00  

$

$

USD 6.25

CAD 3.40

  $-  $-  $6.50 
                         

Weighted average remaining life (years)

      1.13               2.94 

Expiry Date

 

Exercise Price

  

Balance March 31, 2023

  

Granted

  

Exercised

  

Cancelled / Expired

  

Balance March 31, 2023

 
                         

August 19, 2024

 $10.00   -   5,765   -   -   5,765 
                         

Total

      -   5,765   -   -   5,765 
                         

Weighted average exercise price

     $-  $10.00  $-  $-  $10.00 
                         

Weighted average remaining life (years)

                      1.13 
Disclosure of derivative financial instruments [text block]
  

As at

March 31,

2025

  

As at

March 31,

2024

  

As at

August 24,

2023

 
             

Number of warrants outstanding

  800,000   800,000   800,000 

Fair Value of each warrant at valuation date

 $0.14 USD  $0.61 USD  $0.76 USD 

Exchange rate

  1.43125   1.35397   1.35460 

Fair value of warrants outstanding (derivative liability)

 $152,765  $656,946  $823,597 

Change in fair value of derivatives

 $498,534*  $166,651  $- 
Disclosure of outstanding warrants [text block]

Issue Date

 

Number of warrants

  

Exercise price

 

Expiry Date

          

August 24, 2023

 

800,000(a)

  $6.25USD 

August 24, 2028

March 13, 2024

 

341,592(b)

  $4.00 

July 14, 2028

April 29, 2024

 

247,471(c)

  $4.00 

April 29, 2026

November 14, 2024

 

3,045,500(d)

  $4.00 

November 14, 2026

   4,434,563      

Issue Date

 

Number of warrants

  

Exercise price

 

Expiry Date

          

March 13, 2024

  3,274  $3.40 

March 13, 2026

April 29, 2024

  51  $3.00 

April 29, 2026

November 14, 2024

  162,730  $3.00 

November 14, 2026

August 21, 2023

  40,000  $6.25USD 

August 21, 2028

   206,055      
Unit warrants [member]  
Statement Line Items [Line Items]  
Disclosure of indirect measurement of fair value of warrants granted during period [text block]
  

For the year ended

March 31,

2025

  

For the year ended

March 31,

2024

  

For the year ended

March 31,

2023

 
             

Fair value per warrant

 $1.94  $3.77  $- 

Exercise price

 $4.00  $4.00  $- 

Expected life (years)

  2.00   2.00   - 

Interest rate

  4.30%  3.50%  - 

Annualized volatility (based on historical volatility)

  100%  111%  - 

Dividend yield

  0.00%  0.00%  - 
  

For the year ended

March 31,

2025

  

For the year ended

March 31,

2024

  

For the year ended

March 31,

2023

 
             

Fair value per agent warrants

 $1.24  $7.95  $3.81 

Exercise price

 $3.00  $8.09  $10.00 

Expected life (years)

  2.00   4.78   2.00 

Interest rate

  3.18%  4.09%  3.30%

Annualized volatility

  85.95%  113%  120%

Dividend yield

  0.00%  0.00%  0.00%