Derivative liabilities (Tables)
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9 Months Ended |
May 31, 2026 |
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| Derivative liabilities |
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| Schedule of assumptions used to determine the fair value of the warrant |
| | | | | | | | | | | | | Original | | | | | | Risk-free | | | | | Exercise | | Market | | Expected | | interest | | Expected | | | price | | price | | volatility | | rate | | life | Issuance date | | $ | | $ | | % | | % | | (years) | June 16, 2023 | | 2,187,000.00 | | 2,246,400.00 | | 75 | | 4.1 | | 3 | August 2, 2023 | | 2,187,000.00 | | 2,073,600.00 | | 75 | | 4.8 | | 3 | September 20, 2023 | | 2,187,000.00 | | 1,771,200.00 | | 75 | | 4.8 | | 3 | January 14, 2025 | | 6,000.00 | | 5,600.00 | | 99 | | 4.4 | | 5.5 | December 19, 2025 | | 150.00 | | 100.20 | | 127 | | 3.7 | | 5 |
| | | | | | | | | | | Number of | | Weighted average | | | Revised | | warrants | | remaining | | | Exercise price | | outstanding | | contractual life | Issuance date | | $ | | # | | (years) | June 16, 2023 | | 567,000.00 | | 3 | | 0.05 | August 2, 2023 | | 567,000.00 | | 7 | | 0.17 | September 20, 2023 | | 567,000.00 | | 2 | | 0.31 | January 14, 2025 | | 6,000.00 | | 593 | | 4.13 | December 19, 2025 | | 150.00 | | 40,015 | | 4.56 |
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| Schedule of allocating financial instruments into debt hosts and embedded derivatives |
The allocation between debt hosts and embedded derivatives at June 20, 2025 is as follows: | | | | | | | Debt Host | | Derivative Liability | | | $ | | $ | Initial Convertible Note | | 3,282,369 | | 2,319,565 | Subsequent Convertible Note | | 695,572 | | 540,026 | Real Estate Note | | 1,376,954 | | 1,168,059 | | | 5,354,895 | | 4,027,650 |
The allocation between debt hosts and embedded derivatives at August 31, 2025 is as follows: | | | | | | | Debt Host | | Derivative Liability | | | $ | | $ | Initial Convertible Note | | 3,111,810 | | 205,065 | Subsequent Convertible Note | | 653,262 | | 56,261 | Real Estate Note | | 1,283,434 | | 123,012 | | | 5,048,506 | | 384,338 |
The allocation between debt hosts and embedded derivatives at May 31, 2026 is as follows: | | | | | | | Debt Host | | Derivative Liability | | | $ | | $ | Initial Convertible Note | | 3,229,563 | | 1 | Subsequent Convertible Note | | 821,339 | | 3 | Real Estate Note | | 1,609,019 | | 5 | | | 5,659,921 | | 9 |
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| Warrant issued |
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| Derivative liabilities |
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| Schedule of movements in derivative financial liabilities |
| | | | | | | As at | | As at | | | May 31, | | August 31, | | | 2026 | | 2025 | | | $ | | $ | Opening balance | | 125,227 | | 22,655 | Additions | | 2,867,806 | | 2,215,564 | Change in estimate of fair value | | (2,944,965) | | (2,181,781) | Currency translation | | (7,417) | | 68,789 | Closing balance | | 40,651 | | 125,227 |
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| Derivative (option) portion |
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| Derivative liabilities |
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| Schedule of movements in derivative financial liabilities |
| | | | | | | As at | | As at | | | May 31, 2026 | | August 31, 2025 | | | $ | | $ | Opening balance | | 384,338 | | — | Fair value at issuance | | — | | 4,027,650 | Revaluation during the period due to partial settlements of underlying convertible note due to related party recorded in contributed surplus | | (17,578) | | — | Revaluation at the end of the period | | (366,751) | | (3,643,312) | Closing balance | | 9 | | 384,338 |
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| Series A Convertible Preferred Shares |
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| Derivative liabilities |
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| Schedule of movements in derivative financial liabilities |
| | | | | | | As at | | As at | | | May 31, | | August 31, | | | 2026 | | 2025 | | | $ | | $ | Opening balance | | — | | 514,589 | Revaluation at the end of the period | | — | | (901,504) | Accelerated amortization of the deferred loss during the period | | — | | 576,209 | Voluntary conversions to Voting Common Shares during the period | | — | | (100,610) | Forced conversions to Voting Common Shares during the period | | — | | (71,784) | Currency translation | | — | | (16,900) | Closing balance | | — | | — |
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| Series B Convertible Preferred Shares |
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| Derivative liabilities |
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| Schedule of movements in derivative financial liabilities |
| | | | | | | As at | | As at | | | May 31, | | August 31, | | | 2026 | | 2025 | | | $ | | $ | Opening balance | | 673 | | 1,078,936 | Revaluation at the end of the period | | (664) | | (1,482,319) | Accelerated amortization of the deferred loss during the period | | — | | 580,881 | Forced conversions to Voting Common Shares during the period | | — | | (136,298) | Currency translation | | (3) | | (40,527) | Closing balance | | 6 | | 673 |
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