v3.26.1
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS
 3 Months Ended 6 Months Ended
May 31, 2026
USD ($)
May 31, 2026
USD ($)
May 31, 2025
USD ($)
Cash flows from operating activities      
Net loss attributable to common stockholders   $ (27,314,980) $ (1,692,101)
Adjustments to reconcile net loss attributable to common stockholders to net cash used in operating activities:      
Amortization and depreciation $ 5,602 8,026  
Change in fair value of warrant liability 17,750,724 17,750,724  
Loss on foreign currency transactions   13,592  
Non-cash lease adjustment   23,648  
Non-cash consulting fees     17,874
Preferred stock dividends   781,151  
Stock based compensation   4,596,172  
Changes in operating assets and liabilities:      
Accounts payable and accrued liabilities   171,677 50,911
Prepaid expenses   (581,992) (119,939)
Due to related parties   (159,895) (200,998)
Net cash used in operating activities   (4,711,877) (1,944,253)
Cash flows from investing activities      
Purchase of property, plant and equipment   (47,967)  
Purchase of intangible assets   (11,925)  
Investment in mineral rights   (18,155) (600,000)
Cash assumed on acquisition of Oregon Energy LLC   141,262  
Net cash provided by (used in) investing activities   63,215 (600,000)
Cash flows from financing activities      
Proceeds from the issuance of common stock, net of issuance costs     7,438,301
Proceeds from exercise of warrants   2,300  
Proceeds from PIPE financing   29,700,000  
Cash assumed on reverse recapitalization   1,939,457  
Net cash provided by financing activities   31,641,757 7,438,301
Effects of foreign exchange on cash   (12,973)  
Increase in cash   26,980,122 4,894,048
Cash and restricted cash, beginning of period   1,301,928 717
Cash and restricted cash, end of period 28,282,050 28,282,050 4,894,765
Presented as:      
Cash 28,091,090 28,091,090 4,894,765
Restricted cash 190,960 190,960  
Cash and restricted cash, end of period $ 28,282,050 28,282,050 4,894,765
Supplemental disclosure of non-cash information      
Share issuance costs in accounts payable     14,540
Share issuance costs settled in shares   2,097,000 348,194
Share issuance for acquisition of Oregon Energy LLC   11,959,827  
Conversion of redeemable common stock into nonredeemable common stock   300,000  
Reverse recapitalization   1,991,184  
Accretion of mezzanine equity   204,076  
Additions to intangible assets in accounts payable   $ 20,534  
Prepaid expenses paid by issuance of shares     122,000
Consultant bonus settled by issuance of bonus shares     $ 183,200