v3.26.3
WARRANT LIABILITY (Tables)
9 Months Ended
Aug. 31, 2026
WARRANT LIABILITY  
Schedule of derivative warrant liabilities

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​

Balance as at November 30, 2025

  ​ ​ ​

$

—

Issuance

​

​

4,174,276

Change in fair value of warrant liabilities

 

​

9,675,724

Balance as at August 31, 2026

​

$

13,850,000

Schedule of of fair value

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​

February 24, 2026

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​

​

August 31, 2026

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(at issuance)

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Share price

  ​ ​ ​

$

6.99

  ​ ​ ​

$

6.99

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Exercise price reset date

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​

November 23, 2026

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​

November 23, 2026

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Floor price

​

$

7.50

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$

7.50

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Discount for lack of marketability

​

 

—

​

 

64.9

%

Expected volatility

​

 

120

%  

 

100

%

Risk free interest rate

​

 

4.37

%  

 

3.55

%

Expected life of warrant

​

 

4.49 years

​

 

5 years

​