v3.26.1
RIGHT-OF-USE ASSETS
9 Months Ended
Jun. 30, 2026
RIGHT-OF-USE ASSETS

 

17.RIGHT-OF-USE ASSETS

 

During the three months ended June 30, 2026, the Company recognized additions to right-of-use assets of $5,820,618, depreciation of right-of-use assets of $5,820,618 and interest on lease liabilities of $95,816. For the nine months ended June 30, 2026, additions and depreciation were $7,595,884 and interest on lease liabilities was $114,084. Lease liabilities of $5,916,434 were settled using digital currency during the three-month period. Right-of-use assets and lease liabilities were nil at June 30, 2026.

 

The lease term comprises the non-cancellable period of each contract together with periods covered by an extension option when the Company is reasonably certain to exercise that option and periods covered by a termination option when the Company is reasonably certain not to exercise that option.

 

The following tables reconcile right-of-use assets and lease liabilities for the periods ended June 30, 2026:

 Schedule of Right of use assets and lease liabilities

 

   Three months 
ended June
   Nine months ended June 
Right-of-use asset continuity  30, 2026   30, 2026 
    $    $ 
           
Opening carrying amount        
Additions   5,820,618    7,595,884 
Depreciation   (5,820,618)   (7,595,884)
Closing carrying amount        

 

    

Three months 

    

Nine months

 

Lease liability continuity

   

ended June 

30, 2026

    

ended June 

30, 2026 

 
    $    $ 
           
Opening lease liability        
New lease liabilities   5,820,618    7,595,884 
Interest expense   95,816    114,084 
Cash payments       (1,793,534)
Settlement using digital currency   (5,916,434)   (5,916,434)
Closing lease liability        

 

Depreciation of mining-related right-of-use assets is classified within direct costs and interest on lease liabilities is classified within finance costs.