v3.26.1
CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS - USD ($)
May 31, 2026
Nov. 30, 2025
Current assets    
Cash $ 28,091,090 $ 1,301,928
Prepaid expenses 898,822 162,897
Total current assets 28,989,912 1,464,825
Restricted cash 190,960  
Deposits 71,506 71,506
Property, plant and equipment 283,877  
Intangible asset, net 96,450 65,915
Mineral rights 12,755,725 1,201,390
Right of use asset - operating lease, net 701,311 84,326
Total assets 43,089,741 2,887,962
Current liabilities    
Accounts payable and accrued liabilities 783,866 530,339
Due to related parties 120,130 280,025
Dividends payable 781,151  
Lease liabilities - current 140,075 33,155
Total current liabilities 1,825,222 843,519
Warrant liability 21,925,000  
Lease liabilities - non-current 589,935 55,086
Total liabilities 24,340,157 898,605
Commitments and contingencies (Note 16)
Mezzanine equity    
Redeemable stock   300,000
Stockholders' equity (deficit)    
Common stock, $0.0001 par value, 300,000,000 shares authorized; 29,579,798 shares issued and outstanding as of May 31, 2026 ($0.0001 par value, 350,000,000 shares authorized; 18,888,289 shares, excluding 2,750,000 shares subject to possible redemption as of November 30, 2025) [1] 2,958 1,889
Preferred stock, $0.0001 par value, 3,500,000 shares authorized; none issued and outstanding, excluding 29,700 shares subject to possible redemption as of May 31, 2026 ($0.0001 par value, 50,000,000 shares authorized; none as of November 30, 2025)
Additional paid-in capital [1] 26,612,495 7,968,157
Accumulated deficit (33,595,669) (6,280,689)
Total stockholders' equity (deficit) (6,980,216) 1,689,357
Total liabilities, mezzanine equity and stockholders' equity (deficit) 43,089,741 2,887,962
Common stock, subject to possible redemption    
Mezzanine equity    
Redeemable stock [1]   $ 300,000
Series A cumulative preferred stock, redeemable    
Mezzanine equity    
Redeemable stock $ 25,729,800  
[1] The shares of the Company’s common stock, prior to the de-SPAC (as defined in Note 1) have been retroactively restated to reflect the exchange ratio of approximately 5.8349:1 established in the de-SPAC, as described in Note 4.