v3.26.1
Income Tax Note (Tables)
 12 Months Ended
Mar. 31, 2026
Income Tax Note [Abstract]  
Schedule of Canadian Federal and Provincial Statutory Income Tax Rate

The reconciliation of the combined Canadian federal and provincial statutory income tax rate of 26.5% (2025 – 26.5%) to the effective tax rate is as follows:

 

   2026   2025   2024 
Net Income/(Loss) before recovery of income taxes   (6,936,421)   1,011,790    (51,159,048)
                
Expected income tax (recovery)/expense   (1,838,152)   268,124    (13,557,148)
Difference in foreign tax rates   18,182    6,871    966 
Listing expense   
-
    
-
    10,992,625 
Non-taxable fair value gain adjustment   
-
    (1,722,146)   
-
 
Non-deductible R&D costs   345,121    
-
    
-
 
Non-deductible loss on loan settlement   
-
    449,196    
-
 
Share issue costs booked to equity   (154,187)   (246,802)   
-
 
Other permanent expenses   (26,959)   1,787    2,061,001 
Change in tax benefits not recognized   1,655,995    1,242,970    502,556 
Income tax (recovery)/expense   
-
    
-
    
-
 
Schedule of Components of Deferred Tax

The following table summarizes the components of deferred tax as at March 31, 2026 and 2025:

 

   2026   2025 
Deferred tax asset        
Non-capital losses carried forward-Canada   107,253    
-
 
Deferred tax liability          
Investment in Associate   (107,253)   
-
 
    
-
    
-
 
Schedule of Unrecognized Deferred Tax Assets Deferred tax assets have not been recognized in respect of the following deductible temporary differences:
Unrecognized deductible temporary differences  2026   2025 
Equipment   9,774    4,508 
Restricted interest and financing expenses – Canada   431,096    764,297 
Share issuance costs and others   1,024,267    722,097 
Investment in digital assets   110,242    
-
 
Non-capital losses carried forward-Canada   10,298,392    4,248,226 
Non-capital losses carried forward-Australia   439,334    431,349 
    12,313,106    6,170,477 
Schedule of Non-Capital Loss Carry Forwards

The Company’s non-capital loss carry forwards will expire as noted in the table below:

 

Year of expiry  Canada   Australia 
2044   364,008    
-
 
2045   3,479,491    
-
 
2046   6,454,894    
-
 
Indefinite   
-
    439,334 
Total   10,298,393    439,334