INCOME TAXES (Tables)
|
12 Months Ended |
Nov. 30, 2025 |
Jun. 30, 2025 |
| INCOME TAXES |
|
|
| Schedule of effective income tax rate reconciliation |
| | | | | | | | | | | | Period from December 14, | | | | | | 2023 (inception) | | | For the year ended | | through November 30, | | | November 30, 2025 | | 2024 | Loss before income taxes | | $ | (5,260,632) | | $ | (1,020,057) | Expected recovery at statutory rate of 21 % | | | (1,104,733) | | | (214,212) | Permanent book/tax differences | | | 17,225 | | | 3,230 | Financing fees charged to equity | | | — | | | (1,771) | Change in estimate | | | 1,771 | | | — | Change in valuation allowance | | | 1,085,737 | | | 212,753 | Total tax benefit | | $ | — | | $ | — |
| | | | | | | | | | Period from December 14, | | | | | | 2023 (inception) | | | | For the year ended | | through November 30, | | | | November 30, 2025 | | 2024 | | US federal statutory rate | | 21 | % | 21 | % | Effects of: | | | | | | Valuation allowance | | (21) | % | (21) | % | | | — | | — | |
|
|
| Schedule of deferred tax assets and liabilities |
| | | | | | | | | November 30, 2025 | | November 30, 2024 | Deferred tax assets | | | | | | | Net operating loss carryforwards | | $ | 1,295,598 | | $ | 196,636 | Mineral resources | | | — | | | 14,700 | Share issuance costs | | | 2,892 | | | 1,417 | Total gross deferred tax assets | | | 1,298,490 | | | 212,753 | Valuation allowance | | | (1,298,490) | | | (212,753) | Net deferred tax asset | | $ | — | | $ | — |
|
|
| Oregon Energy LLC |
|
|
| INCOME TAXES |
|
|
| Schedule of effective income tax rate reconciliation |
|
| | | | | | | | | 2025 | | 2024 | Loss before income taxes | | $ | (153,783) | | $ | (773,772) | Expected recovery at federal rate of 21% | | | (32,294) | | | (162,492) | Expected recovery at Oregon rate of 6.6% | | | (10,150) | | | (51,069) | Permanent book/tax differences | | | 21 | | | 840 | Change in valuation allowance | | | 42,423 | | | 212,721 | Total tax benefit | | $ | — | | $ | — |
| | | | | | | | 2025 | | 2024 | | US federal statutory rate | | 21.0 | % | 21.0 | % | Oregon state rate | | 6.6 | % | 6.6 | % | Effects of: | | | | | | Valuation allowance | | (27.6) | % | (27.6) | % | | | — | | — | |
|
| Schedule of deferred tax assets and liabilities |
|
| | | | | | | | | 2025 | | 2024 | Deferred tax assets | | | | | | | Net operating loss carryforwards | | $ | 2,249,303 | | $ | 2,132,745 | Property, plant and equipment | | | 1,508 | | | 498 | Exploration expenditures | | | 782,351 | | | 856,808 | Start-up costs | | | — | | | 688 | Total gross deferred tax assets | | | 3,033,162 | | | 2,990,739 | Valuation allowance | | | (3,033,162) | | | (2,990,739) | Net deferred tax asset | | $ | — | | $ | — |
|