Share Capital (Tables)
|
3 Months Ended |
Jul. 31, 2026 |
|---|
| Disclosure of classes of share capital [abstract] |
|
| Summary of Changes in Stock Option |
The changes in the stock options for the three months ended July 31, 2026, and the year ended April 30, 2026, are as follows:
|
|
|
|
|
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|
|
|
|
|
|
|
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|
Number of
options
# |
|
|
Weighted
average
exercise price
$ |
|
|
Weighted
average life
remaining
(years) |
|
Balance, April 30, 2025 (outstanding) |
|
|
1,927,925 |
|
|
|
5.69 |
|
|
|
4.45 |
|
Expired |
|
|
(571,458 |
) |
|
|
9.70 |
|
|
|
— |
|
Forfeited |
|
|
(78,750 |
) |
|
|
0.85 |
|
|
|
— |
|
Balance, April 30, 2026 (outstanding) |
|
|
1,277,717 |
|
|
|
3.80 |
|
|
|
4.29 |
|
Expired |
|
|
(15,265 |
) |
|
|
5.00 |
|
|
|
— |
|
Balance, July 31, 2026 (outstanding) |
|
|
1,262,452 |
|
|
|
4.03 |
|
|
|
4.08 |
|
Unvested |
|
|
(281,278 |
) |
|
|
1.26 |
|
|
|
7.89 |
|
Exercisable, July 31, 2026 |
|
|
981,174 |
|
|
|
4.82 |
|
|
|
2.99 |
|
|
| Summary of Options Outstanding |
Details of the options outstanding as at July 31, 2026, are as follows:
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|
Expiry Date |
|
Exercise
price $ |
|
|
Remaining
life (year) |
|
|
Options
outstanding |
|
|
Unvested |
|
|
Vested |
|
January 7, 2027 |
|
|
7.94 |
|
|
|
0.44 |
|
|
|
169,000 |
|
|
|
— |
|
|
|
169,000 |
|
January 13, 2027 |
|
|
8.30 |
|
|
|
0.45 |
|
|
|
16,000 |
|
|
|
- |
|
|
|
16,000 |
|
May 15, 2027 |
|
|
5.79 |
|
|
|
0.79 |
|
|
|
56,000 |
|
|
|
- |
|
|
|
56,000 |
|
February 19, 2028(1) |
|
|
5.76 |
|
|
|
1.56 |
|
|
|
431,452 |
|
|
|
- |
|
|
|
431,452 |
|
January 19, 2029(2) |
|
|
2.08 |
|
|
|
2.47 |
|
|
|
60,000 |
|
|
|
4,444 |
|
|
|
55,556 |
|
January 4, 2033(3) |
|
|
2.07 |
|
|
|
6.44 |
|
|
|
8,000 |
|
|
|
1,167 |
|
|
|
6,833 |
|
May 8, 2033(3) |
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|
2.07 |
|
|
|
6.78 |
|
|
|
4,000 |
|
|
|
917 |
|
|
|
3,083 |
|
June 11, 2033(3) |
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|
2.07 |
|
|
|
6.87 |
|
|
|
8,000 |
|
|
|
2,000 |
|
|
|
6,000 |
|
August 8, 2033(3) |
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|
2.07 |
|
|
|
7.03 |
|
|
|
4,000 |
|
|
|
1,167 |
|
|
|
2,833 |
|
November 13, 2033(3) |
|
|
2.07 |
|
|
|
7.29 |
|
|
|
8,000 |
|
|
|
2,833 |
|
|
|
5,167 |
|
February 19, 2034(3) |
|
|
2.07 |
|
|
|
7.56 |
|
|
|
8,000 |
|
|
|
3,333 |
|
|
|
4,667 |
|
August 2, 2034(4) |
|
|
1.21 |
|
|
|
8.01 |
|
|
|
490,000 |
|
|
|
265,417 |
|
|
|
224,583 |
|
|
|
|
4.03 |
|
|
|
4.08 |
|
|
|
1,262,452 |
|
|
|
281,278 |
|
|
|
981,174 |
|
(1)Exercise price of U.S.$4.10. The figure in the table above is translated at the July 31, 2026 rate. (2)Exercise price of U.S.$1.48. The figure in the table above is translated at the July 31, 2026 rate. (3)Exercise price of U.S.$1.47. The figure in the table above is translated at the July 31, 2026 rate. (4)Exercise price of U.S.$0.86. The figure in the table above is translated at the July 31, 2026 rate.
|
| Summary of Changes in Finder's Warrants |
Details of the finder’s warrants outstanding as at July 31, 2026, are as follows:
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|
|
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|
|
|
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|
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|
Number of
warrants
# |
|
|
Weighted average
exercise price
$ |
|
|
Weighted average life
remaining (years) |
|
Balance, April 30, 2025 |
|
|
186,761 |
|
|
|
17.02 |
|
|
|
1.62 |
|
Expired |
|
|
(130,111 |
) |
|
|
21.36 |
|
|
|
— |
|
Balance, April 30, 2026 |
|
|
56,650 |
|
|
|
1.27 |
|
|
|
2.61 |
|
Exercised |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Balance, July 31, 2026 |
|
|
56,650 |
|
|
|
1.40 |
|
|
|
2.36 |
|
|
| Details of Finder's Warrants Outstanding |
Details of the finder's warrants outstanding as at July 31, 2026 are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
Expiry Date |
|
Exercise price
$ |
|
|
Remaining life
(year) |
|
|
Warrants
outstanding |
|
December 8, 2028(1) |
|
|
1.40 |
|
|
|
2.36 |
|
|
|
56,650 |
|
(1)Exercise price of U.S. $1.00. The figure in the table above is translated at the July 31, 2026, rate.
|
| Summarizes Activity Related to RSUs |
The following table summarizes the activity related to the Company's RSUs for the three months ended July 31, 2026 and the year ended April 30, 2026. For purposes of this table, vested RSUs represent the shares for which the service condition had been fulfilled as of July 31, 2026:
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|
Number of
Restricted Stock Units
# |
|
|
Weighted
average
grant date fair value
$ |
|
Balance, April 30, 2025 |
|
|
46,000 |
|
|
|
0 |
|
Granted |
|
|
1,287,335 |
|
|
|
2.36 |
|
Issued |
|
|
(23,779 |
) |
|
|
0.70 |
|
Forfeited |
|
|
(24,528 |
) |
|
|
0.15 |
|
Balance, April 30, 2026 |
|
|
1,285,028 |
|
|
|
2.35 |
|
Granted |
|
|
700,000 |
|
|
|
2.28 |
|
Issued |
|
|
(11,500 |
) |
|
|
0.56 |
|
Balance, July 31, 2026 (outstanding) |
|
|
1,973,528 |
|
|
|
2.49 |
|
Unvested |
|
|
(1,969,694 |
) |
|
|
2.49 |
|
Vested and outstanding, July 31, 2026 |
|
|
3,834 |
|
|
|
2.80 |
|
|