| Restricted Share Units |
| 10. | Restricted Share Units | | | a. | The Company is able to grant RSUs pursuant to the Omnibus Plan to its directors, officers, employees, and consultants. Each RSU is equivalent in value to a common share and upon vesting results in the holder thereof being issued, at the discretion of the Board, either (i) a common share, or (ii) an amount of cash equal to the fair market value of a common share. | | | b. | The following table summarizes the continuity of RSUs: | | | | Number of RSUs | | | Weighted average issue price (C$) | | | Weighted average issue price (USD$) | | | Balance, October 31, 2024 | | | 661 | | | $ | 1,020.00 | | | $ | 720.00 | | | | | | | | | | | | | | | | | Granted | | | 1,757 | | | | 647.50 | | | | 456.80 | | | Exercised | | | (2,227 | ) | | | 692.40 | | | | 493.20 | | | | | | | | | | | | | | | | | Balance, October 31, 2025 | | | 191 | | | $ | 1,208.60 | | | $ | 1,016.80 | | | | | | | | | | | | | | | | | Granted (i) | | | 200 | | | | 29.40 | | | | 21.70 | | | Exercised | | | (388 | ) | | | 232.90 | | | | 166.00 | | | | | | | | | | | | | | | | | Balance, July 31, 2026 | | | 3 | | | $ | 8,559.89 | | | $ | 6,101.57 | | | (i) | During the nine months ended July 31, 2026, the Company issued 200 RSUs to consultants, directors and officers. The RSUs vested with a fair value of $4,340 (2025 - $686,986). The RSUs are all fully vested and exercisable. |
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