| Summary of significant expense categories regularly reviewed by the CODM, and reconciles to the Company's condensed consolidated net loss |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | For the three | | For the three | | For the nine | | For the nine | | | months ended | | months ended | | months ended | | months ended | | | August 31, 2026 | | August 31, 2025 | | August 31, 2026 | | August 31, 2025 | | | | | | | | | | | | | | General and administrative | | | | | | | | | | | | | Office and administrative | | $ | 644,241 | | $ | 51,325 | | $ | 1,882,926 | | $ | 142,905 | Professional fees | | | 1,176,481 | | | 906,228 | | | 3,646,242 | | | 2,119,681 | Salaries and wages(1) | | | 1,147,096 | | | — | | | 4,500,942 | | | — | Other general and administrative items (2) | | | 396,509 | | | 172,456 | | | 1,379,841 | | | 490,951 | Total general and administrative | | | (3,364,327) | | | (1,130,009) | | | (11,409,951) | | | (2,753,537) | Exploration expense | | | (360,486) | | | (147,297) | | | (1,084,406) | | | (211,280) | Change in fair value of warrant liability | | | 8,075,000 | | | — | | | (9,675,724) | | | — | Other segment items(3) | | | (4,246) | | | (5,025) | | | (17,807) | | | (9,615) | Net income (loss) | | $ | 4,345,941 | | $ | (1,282,331) | | $ | (22,187,888) | | $ | (2,974,432) |
| (1) | Inclusive of stock-based compensation of $944,016 and $4,044,926 for the three and nine months ended August 31, 2026, respectively. |
| (2) | Other general and administrative items consist of business development, amortization and depreciation, rent expense, investor relations, licensing fee expense, travel and entertainment, none of which is individually significant. |
| (3) | Other segment items consist of interest income, and loss on foreign currency transactions, none of which is individually significant. |
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