v3.26.1
Condensed Interim Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net income for the period $ 2,362 $ 1,315
Add :    
Depreciation and amortization 1,362 1,033
Stock based compensation expense 2,781 1,246
Interest expense and other financing charges 1,376 1,925
Unrealized foreign exchange 794 (145)
Income tax recovery (99) 0
Cash provided by operating activities 8,576 5,374
Net changes in the working capital 25,945 12,688
Cash (used in) operating activities (17,369) (7,314)
Investing activities:    
Purchase of property, plant and equipment 5,097 2,414
Deposits for Jamestown equipment 14,492 0
Change in restricted cash (2,512) (174)
Cash (used in) investing activities (22,101) (2,588)
Financing activities    
Proceeds from issuance of shares, net of issuance cost 25,845 11,582
Proceeds from exercise of warrants 1,174 0
Proceeds from exercise of options 3,505 30
Proceeds from working capital facilities 42,093 56,125
Repayment of working capital facilities 40,612 53,049
Proceeds from EXIM loan, net of debt issuance cost 16,461 0
Repayment of vendor take back loan 0 1,630
Repayment of promissory note 0 533
Interest and other finance cost 762 1,621
Government assistance (40) (40)
Lease payments 615 331
Cash from financing activities 47,049 10,533
Increase in cash and cash equivalents 7,579 631
Cash and cash equivalents, beginning of period 6,358 781
Effect of movements in exchange rates on cash held (853) (122)
Cash and cash equivalents at end of period 13,084 1,290
Supplemental cash flow disclosures:    
Interest paid 762 1,603
Income tax paid $ 0 $ 0