v3.26.1
SHARE OPTIONS AND WARRANTS (Tables)
12 Months Ended
Mar. 31, 2026
Notes and other explanatory information [abstract]  
SCHEDULE OF OPTIONS OUTSTANDING AND WEIGHTED AVERAGE EXERCISE PRICE

 

   2026   2025 
   Options   Weighted
Average
exercise price
($)
   Options   Weighted
Average
exercise price
($)
 
Outstanding at April 1   1,943,903    1.68    2,421,650    3.34 
Granted   3,395,012    2.25    1,076,017    1.54 
Forfeited   (11,538)   1.57    (1,553,764)   4.18 
Exercised   -    -    -    - 
Outstanding at March 31   5,327,377    2.04    1,943,903    1.68 
Exercisable at March 31   908,813    1.76    396,175    1.87 

 

   2024 
   Options   Weighted
Average
exercise price
(cents)
 
Outstanding at April 1   1,696,451    3.85 
Granted   727,500    1.53 
Forfeited   (2,301)   2.13 
Exercised   -    - 
Outstanding at March 31   2,421,650    3.34 
Exercisable at March 31   894,956    4.34 
SCHEDULE OF SHARE OPTIONS OUTSTANDING EXPIRY DATES AND EXERCISE PRICES

Share options outstanding at the end of the year have the following expiry dates and exercise prices:

 

Grant Date  Expiry Date  Exercise Price $   Share Options as at
March 31, 2026
 
March 14, 2023  March 13, 2027   1.85    463,848 
October 20, 2023  October 20, 2033   1.57    85,000 
November 24, 2023  November 24,2033   1.65    40,000 
March 1, 2024  March 1,2034   1,33    20,000 
March 13, 2024  March 13, 2034   1.46    252,500 
October 3, 2024  03 Oct 2034   1.50    125,000 
January 29, 2025  January 20, 2035   1.60    404,517 
March 28, 2025  March 28,2035   1.50    541,500 
July 10, 2025  July 10, 2035   2.75    545,012 
January 2, 2026  January 2, 2036   2.23    2,100,000 
February 10, 2026  February 10, 2036   2.75    750,000 
Total           5,327,377 
SCHEDULE OF SHARE BASED PAYMENT AWARD MODEL INPUTS OPTIONS GRANTED

The model inputs for options granted during the year ended March 31, 2026 valued under the Black Scholes Valuation model are:

 

   Grant Date 
   February 10, 2026   January 2,
2026
   January 2,
2026
   July 10,
2025
   July 10,
2025
 
                     
Grant date share price  $1.96   $2.23   $2.23   $2.86    $    2.86 
Exercise share price  $2.09   $2.23   $2.23   $1.60        $2.75 
Vesting periods   25% over four years     25% over four years     1 year performance condition     25% over four years         25% over four years 
Risk free rate   3.58%   3.62%   3.51%   3.85%        3.85%
Expected volatility   105.2%   107.4%   89.0%   109.3%        109.3%
Option life   4 years    4 years    1 years    4 years         4 years 

 

The model inputs for options granted during the year ended March 31, 2025 valued under the Black Scholes Valuation model are:

 

   March 28, 2025 
Grant date share price  $1.50 
Exercise share price  $1.50 
Vesting periods   25 % over 4 years 
Risk free rate   4.36%
Expected volatility   108.7%
Option life   4 years 

 

   January 29, 2025   January 29, 2025   January 29, 2025   January 29,2025   January 29,2025 
                     
Grant date share price  $1.07   $1.07   $1.07   $1.07   $1.07 
Exercise share price  $1.60   $1.60   $1.60   $1.60   $1.60 
Vesting periods   25% over four years     33.3% over three years     25% every 3 months    33.33% and 66.66% over 1 Year    Immediately 
Risk free rate%   3.95%   4.06%   4.73%   4.73%   4.473%
Expected volatility%   110.6%   110.6%   56-90.1%   90.1-94.3%   110.6%
Option life   4 years    4 years    4 years    4 years    4 years 
SCHEDULE OF WARRANTS OUTSTANDING AND WEIGHTED AVERAGE EXERCISE PRICE

 

   March 31, 2026   March 31, 2025 
   Warrants   Weighted Average exercise price (cents)   Warrants   Weighted Average exercise price (cents) 
                 
Outstanding at April 1   563,986    397    563,986    397 
Granted   -    -    -    - 
Exercised   -    -    -    - 
                     
Outstanding at March 31   563,986    397    563,986    397 
                     
Exercisable at March 31   307,692    397    307,692    397