Share capital (Tables)
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6 Months Ended |
May 31, 2026 |
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| Share capital |
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| Schedule of common stock outstanding roll forward |
| | | | | | | | | in thousands of dollars, except share amounts | | | | Number of shares | | | $ | | November 30, 2025 | | 171,069,888 | | | 225,241 | | At-the-market offering, net of share issue costs | | 174,410 | | | 1,164 | | Exercise of options | | 253,334 | | | 404 | | Shares issued from restricted share units | | 1,248,007 | | | 1,210 | | May 31, 2026, issued and outstanding | | 172,745,639 | | | 228,019 | |
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| Schedule of assumptions used in the pricing model |
| | | | | Weighted average | Risk-free interest rates | | 2.58% | Exercise price | | CDN$6.53 | Expected life | | 3 years | Expected volatility | | 79.1% | Expected dividends | | Nil |
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| Summary of the company's stock option plan |
| | | | | | | | | | | | Weighted average | | | | | | | exercise price | | | | Number of options | | | CDN$ | | Balance – beginning of the year | | 8,433,584 | | | 1.11 | | Granted | | 1,655,000 | | | 6.53 | | Exercised | | (253,334) | | | 1.49 | | Balance – end of the period | | 9,835,250 | | | 2.01 | |
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| Summary of information about stock options |
| | | | | | | | | | | | | | | | | | | | | Outstanding | | | Exercisable | | | Unvested | | | | | | | | | | Weighted | | | | | | Weighted | | | | | | | Number of | | | Weighted | | | average | | | Number of | | | average | | | Number of | | | | outstanding | | | average years | | | exercise price | | | exercisable | | | exercise price | | | unvested | | Range of exercise price - CDN | | options | | | to expiry | | | CDN$ | | | options | | | CDN$ | | | options | | $0.59 to $1.00 | | 5,115,000 | | | 2.00 | | | 0.69 | | | 5,115,000 | | | 2.00 | | | — | | $1.01 to $2.00 | | 1,935,000 | | | 3.52 | | | 1.52 | | | 1,393,332 | | | 3.52 | | | 541,668 | | $2.01 to $3.00 | | 1,130,250 | | | 0.52 | | | 2.21 | | | 1,130,250 | | | 0.52 | | | — | | $3.01 to $7.85 | | 1,655,000 | | | 4.55 | | | 6.53 | | | 761,663 | | | 4.54 | | | 893,337 | | | | 9,835,250 | | | 2.56 | | | 2.01 | | | 8,400,245 | | | 2.28 | | | 1,435,005 | |
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| Schedule of restricted share Units and deferred share units plans |
| | | | | | | | | Number of RSUs | | | Number of DSUs | | Balance – beginning of the year | | 1,798,338 | | | 3,560,305 | | Granted | | 301,339 | | | 20,557 | | Settled in common shares | | (1,248,007) | | | — | | Balance – end of the period | | 851,670 | | | 3,580,862 | |
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