v3.26.3
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Aug. 31, 2026
Aug. 31, 2025
Aug. 31, 2026
Aug. 31, 2025
Operating expenses        
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
Total operating expenses (3,724,813) (1,277,306) (12,494,357) (2,964,817)
Other income (expense)        
Change in fair value of warrant liability 8,075,000   (9,675,724)  
Other expenses (4,246) (5,025) (17,807) (9,615)
Total other income (expense) 8,070,754 (5,025) (9,693,531) (9,615)
Net income (loss) 4,345,941 (1,282,331) (22,187,888) (2,974,432)
Accretion of mezzanine equity (197,095)   (401,171)  
Preferred stock dividends (928,460)   (1,709,611)  
Net income (loss) attributable to common stockholders $ 3,220,386 $ (1,282,331) $ (24,298,670) $ (2,974,432)
Common stock, subject to possible redemption        
Other income (expense)        
Weighted average number of shares outstanding, common stock - Basic (in shares) [1]   986,413   331,204
Weighted average number of shares outstanding, common stock - Diluted (in shares)   986,413   331,204 [1]
Earnings (loss) per share, common stock - Basic (in dollars per share) [1]   $ (0.06)   $ (0.16)
Earnings (loss) per share, common stock - Diluted (in dollars per share)   $ (0.06)   $ (0.16)
Common stock, not subject to possible redemption        
Other income (expense)        
Weighted average number of shares outstanding, common stock - Basic (in shares) [2] 29,799,474 18,888,289 26,363,840 17,801,944
Weighted average number of shares outstanding, common stock - Diluted (in shares) [2] 29,849,667 18,888,289 26,363,840 17,801,944
Earnings (loss) per share, common stock - Basic (in dollars per share) [2] $ 0.1 $ (0.06) $ (0.92) $ (0.16)
Earnings (loss) per share, common stock - Diluted (in dollars per share) [2] $ 0.1 $ (0.06) $ (0.92) $ (0.16)
[1] The shares of the Company’s common stock, prior to the de-SPAC (as defined in Note 1) have been retroactively restated to reflect the exchange ratio of approximately 5.8:1 established in the de-SPAC, as described in Note 3.
[2] The shares of the Company’s common stock, prior to the de-SPAC (as defined in Note 1) have been retroactively restated to reflect the exchange ratio of approximately 5.8349:1 established in the de-SPAC, as described in Note 3