v3.26.1
Mortgage payable
3 Months Ended
Jun. 30, 2026
Mortgage Payable [Abstract]  
Mortgage payable [Text Block]

14. Mortgage payable

As part of the acquisition of real property located in Ontario described in Note 3, the Company issued a vendor takeback mortgage to the seller. The mortgage has a principal of $4.3 million (C$6 million), bears interest at 6.00% annually and interest payments are due on a quarterly basis. The mortgage has a term of three years and the full amount of the principal is due at maturity.

As part of the acquisition of real property located in Ontario described in Note 3, the Company issued a vendor takeback mortgage to the seller. The mortgage has a principal of $14.7 million (C$20 million), bears interest at 6.00% annually and interest payments are due on a quarterly basis. The mortgage has a term of two years and the full amount of the principal is due at maturity.

The continuity is outlined below:

    Mortgage 1     Mortgage 2     Total  
Balance, March 31, 2025 $ -   $ -   $ -  
Addition   14,747     -     14,747  
Interest    145     -                26     145  
Repayment   -     -     -  
Foreign exchange movement   (400 )   -     (400 )
Balance, March 31, 2026   14,492     -     14,492  
Addition   -     4,363     4,363  
Interest    217     26     243  
Repayment   (217 )   -     (217 )
Foreign exchange movement   (278 )   (141 )   (419 )
Balance, June 30, 2026 $ 14,214   $ 4,248   $ 18,462