FLOW-THROUGH SHARE PREMIUM LIABILITY |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Flow Through Share Premium Liability [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| FLOW-THROUGH SHARE PREMIUM LIABILITY [Text Block] |
11. FLOW-THROUGH SHARE PREMIUM LIABILITY On September 24, 2024, the Company issued 906,346 common shares on a “flow-through” basis at a price of $0.433 per Share for gross proceeds of $392,750. The flow-through proceeds were renounced on December 31, 2024. The Company incurred the required expenditures within the period prescribed under the Income Tax Act (Canada). On February 21, 2025, the Company issued 1,530,612 common shares on a “flow-through” basis at a price of $0.98 per Share for gross proceeds of $1,500,000. The flow-through proceeds were renounced on December 31, 2025. As at July 31, 2026, the Company had incurred $1,397,429 in qualified expenditures with respect to this issuance. On October 22, 2025, the Company issued 800,000 common shares on a “flow-through” basis at a price of $2.00 per Share for gross proceeds of $1,600,000. A flow-through share liability was not recognized as the market price of the shares was greater than the issuance price. The flow-through proceeds were renounced on December 31, 2025. At July 31, 2026, the Company has incurred $1,475,000 in qualified expenditures with respect to this issuance. The following table shows the liability related to the premium on the flow-through shares issued at the applicable dates:
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