v3.26.1
WARRANT LIABILITY (Tables)
6 Months Ended
May 31, 2026
WARRANT LIABILITY  
Schedule of derivative warrant liabilities

Balance as at November 30, 2025

  ​ ​ ​

$

Issuance

4,174,276

Change in fair value of warrant liabilities

 

17,750,724

Balance as at May 31, 2026

$

21,925,000

Schedule of of fair value

February 24, 2026

May 31, 2026

(at issuance)

Share price

  ​ ​ ​

$

10.08

  ​ ​ ​

$

6.99

Exercise price reset date

September 22, 2026

September 22, 2026

Floor price

$

7.50

$

7.50

Discount for lack of marketability

 

 

64.1

%

Expected volatility

 

120

%  

 

100

%

Risk free interest rate

 

4.04

%  

 

3.55

%

Expected life of warrant

 

4.74 years

 

5 years