As of February 28, 2026, the continuity of share purchase warrants is as follows: | | | | | | | | | | Number of | | Weighted Average | | Remaining | | | warrants | | Exercise price | | life (Years) | Balance, November 30, 2025 | | — | | $ | — | | — | Issued for PIPE financing | | 2,500,000 | | | 12.00 | | 4.99 | Issued on reverse recapitalization (Note 4) | | 20,922,133 | | | 11.50 | | 4.99 | Balance, February 28, 2026 | | 23,422,133 | | $ | 11.55 | | 4.99 |
As of February 28, 2026, the following share purchase warrants were outstanding: | | | | | | Number of warrants outstanding | | Exercise price | | Expiry date | 2,500,000 | | $ | 12.00 | | February 24, 2031 | 20,922,133 | | $ | 11.50 | | February 24, 2031 | 23,422,133 | | | | | |
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