| RELATED PARTY TRANSACTIONS |
11.RELATED PARTY TRANSACTIONS Related Party Transactions Total related party transactions reported for the three and nine months ended August 31, 2026 and 2025 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended August 31, | | Nine months ended August 31, | | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | | | | | General and administrative | | $ | 106,178 | | $ | 255,000 | | $ | 415,928 | | $ | 846,500 |
Management Compensation The CEO, the CFO, and the former CFO were paid through consulting arrangements prior to the de-SPAC transaction (Note 3). Their compensation, reported in general and administrative expenses, was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended August 31, | | Nine months ended August 31, | | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | | | | | CEO and Director(1) | | $ | — | | $ | 45,000 | | $ | 70,000 | | $ | 135,000 | CFO (2) | | | — | | | — | | | 32,250 | | | — | Former CFO(3) | | | — | | | 45,000 | | | — | | | 135,000 | Total | | $ | — | | $ | 90,000 | | $ | 102,250 | | $ | 270,000 |
| (1) | As of August 31, 2026 and November 30, 2025, $0 and $15,000, respectively, of management compensation from consulting arrangements owed to the CEO were included in accounts payable and accrued liabilities. |
| (2) | As of August 31, 2026 and November 30, 2025, $0 and $10,750, respectively, of management compensation from consulting arrangements owed to the CFO were included in accounts payable and accrued liabilities. |
| (3) | As of August 31, 2026 and November 30, 2025, $0 and $15,000, respectively, of management compensation from consulting arrangements owed to the former CFO were included in accounts payable and accrued liabilities. |
Consulting fees The Company incurred other general and administrative expenses to significant shareholders and directors as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended August 31, | | Nine months ended August 31, | | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | | | | | Significant shareholders(1) | | $ | 61,178 | | $ | 75,000 | | $ | 196,178 | | $ | 306,250 | Formerly significant shareholder(2) | | | — | | | 45,000 | | | — | | | 135,250 | Directors(3) | | | 45,000 | | | 45,000 | | | 117,500 | | | 135,000 | Total | | $ | 106,178 | | $ | 165,000 | | $ | 313,678 | | $ | 576,500 |
| (1) | As of August 31, 2026 and November 30, 2025, $0 and $67,875, respectively, of consulting fees owed to companies controlled by a >5% stockholder were included in accounts payable and accrued liabilities. |
| (2) | The stockholder no longer held more than 5% of the Company’s stock during the nine months ended August 31, 2026. No amounts were owed to this stockholder as of November 30, 2025. |
| (3) | As of August 31, 2026 and November 30, 2025, $0 and $22,500, respectively, of consulting fees owed to a company controlled by a director were included in accounts payable and accrued liabilities. |
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