| Schedule of warrants reserve | |
| | | |
| | | |
| | |
| | |
|
Number of
warrants | | |
|
Weighted
average
exercise price
per share | | |
|
Weighted average
remaining
contractual life
(years) | |
| Balance – August 31, 2024 | |
| 36,190,769 | | |
$ | 0.62 | | |
| 1.9 | |
| Balance – May 31, 2025 | |
| 36,190,769 | | |
$ | 0.62 | | |
| 1.2 | |
As at May 31, 2025, the following warrants were outstanding:
| Schedule of warrants outstanding | |
| | | |
| | | |
|
| | |
|
Number of
Warrants | | |
|
Exercise price | | |
Expiry date |
| Private placement financing warrants - February 11, 2021 | |
| 16,461,539 | | |
$ | 0.80 | | |
February 11, 2026 |
| Private placement financing broker warrants - February 11, 2021 | |
| 1,152,307 | | |
$ | 0.80 | | |
February 11, 2026 |
| Private placement financing warrants - January 26, 2022 | |
| 17,948,718 | | |
$ | 0.44 | | |
January 26, 2027 |
| Private placement financing placement agent warrants - January 26, 2022 | |
| 628,205 | | |
$ | 0.44 | | |
January 26, 2027 |
| Balance – May 31, 2025 | |
| 36,190,769 | | |
$ | 0.62(1) | | |
|
(1) Total represents weighted
average.
|