| Summary of significant expense categories regularly reviewed by the CODM, and reconciliation of condensed consolidated net loss |
| | | | | | | | | | | | | | | For the three | | For the three | | For the six | | For the six | | | months ended | | months ended | | months ended | | months ended | | | May 31, 2026 | | May 31, 2025 | | May 31, 2026 | | May 31, 2025 | | | | | | | | | | | | | | Operating expenses | | | | | | | | | | | | | Exploration expense | | $ | 496,419 | | $ | 56,678 | | $ | 723,920 | | $ | 63,983 | Office and administrative | | | 831,489 | | | 60,539 | | | 1,238,685 | | | 91,580 | Professional fees | | | 2,010,841 | | | 710,540 | | | 2,469,761 | | | 1,213,453 | Salaries and wages | | | 3,295,905 | | | — | | | 3,353,846 | | | — | Change in fair value of warrant liability | | | 17,750,724 | | | — | | | 17,750,724 | | | — | Other segment items* | | | 676,569 | | | 197,349 | | | 996,893 | | | 323,085 | Net loss | | $ | (25,061,947) | | $ | (1,025,106) | | $ | (26,533,829) | | $ | (1,692,101) |
(*)Other segment items consist of business development, amortization and depreciation, rent expense, investor relations, licensing fee expense, travel and entertainment, interest income, and loss on foreign currency transactions.
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