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CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 9 Months Ended
Aug. 31, 2026
Aug. 31, 2026
Aug. 31, 2025
Cash flows from operating activities      
Net loss   $ (22,187,888) $ (2,974,432)
Adjustments to reconcile net loss to net cash used in operating activities:      
Amortization and depreciation   13,426 674
Change in fair value of warrant liability $ (8,075,000) 9,675,724  
Loss on foreign currency transactions   17,952 9,615
Amortization of right of use assets   96,877  
Non-cash consulting fees     15,250
Stock based compensation   6,080,147  
Changes in operating assets and liabilities:      
Accounts payable and accrued liabilities   (213,195) 57,243
Prepaid expenses   (485,908) (237,364)
Due to related parties   (264,106) (329,080)
Lease liabilities   (74,200)  
Net cash used in operating activities   (7,341,171) (3,458,094)
Cash flows from investing activities      
Purchase of property, plant and equipment   (54,854)  
Purchase of intangible assets   (32,459) (67,430)
Investment in mineral rights   (18,155) (773,651)
Cash assumed on acquisition of Oregon Energy LLC   141,262  
Net cash provided by (used in) investing activities   35,794 (841,081)
Cash flows from financing activities      
Proceeds from the issuance of common stock, net of issuance costs     7,436,478
Proceeds from the issuance of redeemable common stock     300,000
Proceeds from exercise of warrants   2,300  
Proceeds from PIPE financing   29,700,000  
Proceeds from reverse recapitalization   4,894,595  
Cash paid for transaction costs of de-SPAC   (2,916,782)  
Net cash provided by financing activities   31,680,113 7,736,478
Effects of foreign exchange on cash   (18,967) (8,003)
Increase in cash and restricted cash   24,355,769 3,429,300
Cash and restricted cash, beginning of period   1,301,928 717
Cash and restricted cash, end of period 25,657,697 25,657,697 3,430,017
Presented as:      
Cash 25,466,623 25,466,623 3,430,017
Restricted cash 191,074 191,074  
Cash and restricted cash, end of period 25,657,697 25,657,697 3,430,017
Supplemental disclosure of non-cash information      
Share issuance costs in accounts payable     170
Share issuance costs settled in shares   2,097,000 348,194
Share issuance for acquisition of Oregon Energy LLC   11,959,827  
Fair value allocated to mineral rights on acquisition of Oregon Energy LLC   11,536,180  
Conversion of redeemable common stock into nonredeemable common stock   300,000  
Net non-cash assets assumed upon reverse recapitalization   13,371  
Warrants issued for settlement of loans from SVII Sponsor   2,422,133  
Initial fair value of warrant liability recognized under PIPE financing   4,174,276  
Accretion of mezzanine equity   401,171  
Series A Preferred Stock dividend paid-in-kind   937,381  
Accrued Series A Preferred Stock dividend $ 772,230 772,230  
Additions to intangible assets in accounts payable   4,115  
Operating right of use assets obtained by lease obligation   $ 678,096  
Additions to mineral rights in accounts payable     12,128
Prepaid expenses paid by issuance of shares     122,000
Consultant bonus settled by issuance of bonus shares     $ 183,000