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INITIATIVE LOAN
6 Months Ended
Apr. 30, 2026
INITIATIVE LOAN  
INITIATIVE LOAN

NOTE 8 – INITIATIVE LOAN

 

On December 18, 2025, the Company received a commitment for up to $1.9 million of Industrial AI Product Development Initiative funding through FedDev Ontario’s Regional Artificial Intelligence Initiative. The Company and FedDev Ontario entered into a loan agreement whereby up to $750,000 will be provided to the Company over the Project period in the form of a none interest repayable loan after the Project completion. The loan repayment commences on April 30, 2030 and is repayable on a month basis over a five year period. As of April 30, 2026 the Company received $166,773 from the loan agreement.