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<div> 1. NATURE AND CONTINUATION OF OPERATIONS Apex Critical Metals Corp. (“Apex” or the “Company”) was incorporated on August 2, 2018, under the Company Act of British Columbia and is in the business of acquiring, exploring, developing and evaluating mineral resource properties. The Company is in the exploration stage and has interests in properties located in Canada and the United States. The head office, and principal address of the Company are located at 400 – 570 Granville Street, Vancouver, BC, Canada, V6C 3P1, and the registered and records office of the Company is located at Suite 2501 – 550 Burrard Street, Vancouver, BC, V6C 2B5. The Company’s common shares are listed on the Canadian Securities Exchange (“CSE”) under the trading symbol “APXC”, Euronext Access Paris under the trading symbol “MLAPX”, the OTCQX Best Market (“OTCQX”) under the trading symbol “APXCF”, and the Frankfurt Stock Exchange under the trading symbol “KL9”, and the Company’s American Depositary Shares (each representing six common shares) are listed on the Nasdaq Capital Market under the trading symbol “APXC”. The Company has no source of significant revenues, has not yet achieved profitable operations, has working capital of $11,938,776 as at July 31, 2026 (July 31, 2025: $4,880,247), has accumulated losses since its inception, expects to incur further losses in the development of its business, and has no assurance that sufficient funding will be available to conduct further exploration of its mineral properties, beyond what the Company’s current working capital will allow. These material uncertainties cast significant doubt about the Company’s ability to continue as a going concern. In recognition of these circumstances, management is pursuing various financial alternatives to fund the Company’s exploration and development programs. There is no assurance that these initiatives will be successful. The business of mining and exploration involves a high degree of risk and there can be no assurance that current exploration programs will result in profitable mining operations. In the future, the Company may raise additional financing through the issuance of share capital or shareholder loans; however, there can be no assurance that it will be successful in its efforts to do so and that the terms will be favourable to the Company. These consolidated financial statements do not include any adjustments that might be necessary to the carrying values of assets and liabilities, the reported expenses and statement of financial position classifications should the Company be unable to realize its assets and settle its liabilities as a going concern in the normal course of operations. There can be no assurance that management’s plan will be successful. If the going concern assumption were not appropriate for these consolidated financial statements, then possible material adjustments would be necessary in the carrying value of assets and liabilities, the reported expenses and the statement of financial position classifications used. </div>

11938776

4880247

2. BASIS OF PRESENTATION Statement of Compliance These consolidated financial statements have been prepared in accordance with IFRS Accounting Standards ("IFRS") issued by the International Accounting Standards Board ("IASB") and interpretations of the International Financial Reporting Interpretations Committee ("IFRIC"). Basis of Measurement The consolidated financial statements have been prepared on the historical cost basis, except for cash and cash equivalents which are reflected at fair value as set out in the accounting policies below. In addition, these consolidated financial statements have been prepared using the accrual basis of accounting except for cash flow information. The consolidated financial statements include the financial statements of the Company, its wholly owned subsidiary Elk Creek Rare Earths Corp. Subsidiaries consist of entities over which the Company is exposed to, or has rights to, variable returns as well as the ability to affect those returns through the power to direct the relevant activities of the entity. Subsidiaries are fully consolidated from the date control is transferred to the Company and are de-consolidated from the date control ceases. The consolidated financial statements include all the assets, liabilities, revenues, expenses and cash flows of the Company and its subsidiaries after eliminating inter-entity balances and transactions.

<div> 3. SIGNIFICANT ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS Estimates and assumptions In particular, information about significant areas of estimation uncertainty considered by management in preparing the consolidated financial statements includes: <ul style="margin-top:0pt;text-align:justify"> <li style="margin-top:0pt;text-align:justify">The recoverability of the carrying value of the exploration and evaluation assets is dependent on successful development and commercial exploitation, or alternatively, sale of the respective areas of interest;</li> <li style="text-align:justify">Management's assumption that there are currently no decommissioning liabilities is based on the facts and circumstances that have existed during the periods; and</li> <li style="text-align:justify">Determination of fair market value of common shares issued in exchange for exploration and evaluation assets.</li> </ul> Judgments The critical judgments that the Company’s management has made in the process of applying the Company’s accounting policies from those involving estimations that have the most significant effect on the amounts recognized in the Company’s consolidated financial statements are as follows: <ul style="margin-top:0pt;margin-bottom:0pt"> <li style="margin-top:0pt;text-align:justify">Economic recoverability and probability of future economic benefits of exploration, evaluation and development costs: Management has determined that exploratory drilling, evaluation, development and related costs incurred which have been capitalized are economically recoverable. Management uses several criteria in its assessments of economic recoverability and probability of future economic benefit including geologic information, scoping and feasibility studies, accessible facilities, existing permits and life of mine plans;</li> <li style="margin-top:0pt;text-align:justify">The assessment of the Company's ability to continue as a going concern involves judgment regarding future funding available for its exploration projects and working capital requirements; and</li> <li style="text-align:justify">The determination of subsidiary’s functional currency often requires significant judgment where the primary economic environment in which they operate may not be clear.</li> </ul> </div>

4. MATERIAL ACCOUNTING POLICY INFORMATION The accounting policies set out below have been applied consistently to all periods presented in these consolidated financial statements. Foreign currency translation The Company’s and its subsidiary’s presentation currency and functional currency is the Canadian dollar as this is the principal currency of the economic environment in which it operates. Transactions in foreign currencies are initially recorded in the Company's functional currency at the exchange rate at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the functional currency rate of exchange ruling at the end of each reporting period. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates as at the dates of the initial transactions and are not subsequently restated. Non-monetary items measured at fair value in a foreign currency are translated using the exchange rates at the date when fair value is determined. All gains and losses on translation of these foreign currency transactions are included in profit or loss. Cash and cash equivalents Cash and cash equivalents consists of balances with its bank and a Guaranteed Investment Certificate (“GIC”) held at a large brokerage firm. The Company considers all highly liquid instruments which are readily convertible to known amounts of cash, and which are subject to an insignificant risk of changes in fair value to be cash equivalents. <div style="margin-top:px;margin-bottom:0px"></div> <div> Exploration and evaluation costs Exploration and evaluation activities involve the search for minerals, the determination of technical feasibility, and the assessment of commercial viability of an identified resource. Exploration and evaluation costs incurred prior to obtaining licenses are expensed in the period in which they are incurred. Once the legal right to explore has been acquired, exploration and evaluation costs incurred are capitalized. All capitalized exploration and evaluation costs are recorded at acquisition cost and are monitored for indications of impairment. Where there are indications of a potential impairment, an assessment is performed for recoverability. Capitalized costs are charged to the statement of operations and comprehensive loss to the extent that they are not expected to be recovered. Once the technical feasibility and commercial viability of the extraction of mineral resources in an area of interest are demonstrable, exploration and evaluation assets are tested for impairment and transferred to "Mines under construction". There is no amortization during the exploration and evaluation phase. Recoverability of the carrying amount of any exploration and evaluation assets is dependent on successful development and commercial exploitation, or alternatively, sale of the respective areas of interest. </div> Impairment of non-current assets Non-current assets are evaluated at least annually by management for indicators that carrying value is impaired and may not be recoverable. When indicators of impairment are present the recoverable amount of an asset is evaluated at the level of a cash generating unit (CGU), the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets, where the recoverable amount of a CGU is the greater of the CGU's fair value less costs to sell and its value in use. An impairment loss is recognized in income to the extent that the carrying amount exceeds the recoverable amount. In calculating the recoverable amount, the Company uses discounted cash flow techniques to determine fair value when it is not possible to determine fair value either by quotes from an active market or a binding sales agreement. The determination of discounted cash flows is dependent on a number of factors, including future metal prices, the amount of reserves, the cost of bringing the project into production, production schedules, production costs, sustaining capital expenditures, and site closure, restoration and environmental rehabilitation costs. Additionally, the reviews take into account factors such as political, social and legal and environmental regulations. These factors may change due to changing economic conditions or the accuracy of certain assumptions and, hence, affect the recoverable amount. The Company uses its best efforts to fully understand all of the aforementioned to make an informed decision based upon historical and current facts surrounding the projects. Discounted cash flow techniques often require management to make estimates and assumptions concerning reserves and expected future production revenues and expenses. <div style="margin-top:0px;margin-bottom:0px"></div> Mining tax credits Mining tax credits and mining duties are recorded in the accounts when they are received. If and when received, these mining tax credits are recorded as a reduction of the related deferred exploration expenditures. Decommissioning liabilities A legal or constructive obligation to incur restoration, rehabilitation and environmental costs may arise when environmental disturbance is caused by the exploration, development or ongoing production of a mineral property interest. Such costs arising from the decommissioning of plant and other site preparation work, discounted to their net present value, are provided for and capitalized at the start of each project to the carrying amount of the asset, as soon as the obligation to incur such costs arises. A pre-tax discount rate that reflects the time value of money and the risks specific to the liability are used to calculate the net present value of the expected future cash flows. These costs are charged to the statement of loss over the economic life of the related asset, through depreciation expense using either the unit-of-production or the straight-line method as appropriate. The related liability is progressively increased each period as the effect of discounting unwinds, creating an expense recognized in the statement of loss. The liability is assessed at each reporting date for changes to the current market-based discount rate, amount or timing of the underlying cash flows needed to settle the obligation. Costs for restoration of subsequent site damage which is created on an ongoing basis during production are provided for at their net present values and charged against profits as extraction progresses. The Company has no material restoration, rehabilitation and environmental costs as the disturbance to date is minimal. Share capital The Company records the proceeds from share issuances net of issue costs and any tax effects as share capital. <div> <div> Flow‑Through Share Arrangements Flow‑through shares are a financing mechanism available to corporations engaged in eligible resource activities, including mining, oil and gas, and certain renewable energy or energy conservation projects. Under a flow‑through share agreement, the Company agrees to incur qualifying Canadian Exploration Expenses (“CEE”) or Canadian Development Expenses (“CDE”) and to renounce such expenditures to investors. The renunciation allows investors to deduct the qualifying expenditures for Canadian income tax purposes, even though the expenditures are incurred by the Company. The Company is required to incur qualifying expenditures in an amount equal to the proceeds received from the issuance of flow‑through shares within the period prescribed under the Income Tax Act (Canada). Once the qualifying expenditures are incurred and renounced, the Company is no longer entitled to claim the related tax deductions. The renunciation may give rise to a deferred tax liability for the Company, as the tax benefits associated with the expenditures are transferred to investors. The issuance of flow‑through shares typically results in the Company recording a premium liability representing the difference between the subscription price of the flow‑through shares and the fair value of the underlying common shares at the date of issuance. This premium is recognized in income as the qualifying expenditures are incurred and renounced to investors. The Company evaluates its obligations under flow‑through share agreements at each reporting date, including the requirement to incur qualifying expenditures within the prescribed timeframe. If the Company does not incur qualifying expenditures as required, it may be subject to Part XII.6 tax or other penalties under the Income Tax Act (Canada). </div> </div> <div> Stock-based payments The Company can grant stock options, RSUs, PSUs, and DSUs to directors, officers and employees. The fair value of these instruments is measured at grant date, using the Black-Scholes option pricing model, and is recognized over the vesting period of the instruments. The fair value is recognized as an expense with a corresponding increase in reserves. The amount recognized as expense is adjusted to reflect the number of instruments expected to vest. <div style="margin-top:0px;margin-bottom:0px"></div> Where the terms of an instrument are modified, the minimum expense recognized is the expense as if the terms had not been modified. An additional expense is recognized for any modification which increases the total fair value of the stock-based compensation arrangement, or is otherwise beneficial to the employee as measured at the date of modification over the remaining vesting period. Stock-based payments to non-employees are measured at the fair value of the goods or services received or the fair value of the equity instruments issued, if it is determined the fair value of the goods or services cannot be reliably measured, and are recorded at the date the goods or services are received. Common shares issued for consideration other than cash, are valued based on their market value of the common shares at the date the shares are issued. </div> Earnings (loss) per share The Company presents basic and diluted earnings/loss per share data for its common shares, calculated by dividing the loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period. The Company uses the treasury stock method for calculating diluted earnings (loss) per share. Under this method the dilutive effect on earnings per share is calculated on the use of the proceeds that could be obtained upon exercise of options, warrants and similar instruments. It assumes that the proceeds of such exercise would be used to purchase common shares at the average market price during the period. However, the calculation of diluted loss per share excludes the effects of various conversions and exercise of options and warrants that would be anti-dilutive. <div> <div> Reclamation deposits The Company maintains cash deposits as required by regulatory bodies as assurance for the funding of reclamation costs. These funds are restricted to that purpose and are not available to the Company until the reclamation obligations have been fulfilled. Reclamation bonds are classified as non-current assets. </div> </div> <div> Financial instruments Financial assets: The classification of financial assets is based on how the entity manages its financial instruments and contractual cash flow characteristics of the financial asset. Transactions costs with respect to financial instruments classified as fair value through profit or loss are recognized in the statements of operations and comprehensive loss. Cash and cash equivalents are classified as subsequently measured at amortized cost. The Company’s financial assets that are classified as and subsequently measured at fair value through profit or loss are marketable securities. Fair values are determined by reference to quoted market prices at the statement of financial position date. Reclamation deposits are classified as subsequently measured at amortized cost. Financial liabilities: Accounts payable and accrued liabilities are subsequently measured at amortized cost. Due to related parties is subsequently measured at amortized cost. </div> Related party transactions Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control, related parties may be individuals or corporate entities. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. Income taxes Income tax on the profit or loss for the periods presented comprises current and deferred tax. Income tax is recognized in profit or loss except to the extent that it relates to a business combination or items recognized directly in equity or in other comprehensive income or loss. Current tax expense is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at year end, adjusted for amendments to tax payable with regards to previous years. Deferred tax is provided using the liability method, providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The following temporary differences are not provided for: goodwill not deductible for tax purposes; the initial recognition of assets or liabilities that affect neither accounting nor taxable profit; and differences relating to investments in subsidiaries and associates to the extent that they will probably not reverse in the foreseeable future. The amount of deferred tax provided is based on the expected manner of realization or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantively enacted at the financial position reporting date applicable to the period of expected realization or settlement. <div style="margin-top:0px;margin-bottom:px"></div> A deferred tax asset is recognized only to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis.

Foreign currency translation The Company’s and its subsidiary’s presentation currency and functional currency is the Canadian dollar as this is the principal currency of the economic environment in which it operates. Transactions in foreign currencies are initially recorded in the Company's functional currency at the exchange rate at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the functional currency rate of exchange ruling at the end of each reporting period. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates as at the dates of the initial transactions and are not subsequently restated. Non-monetary items measured at fair value in a foreign currency are translated using the exchange rates at the date when fair value is determined. All gains and losses on translation of these foreign currency transactions are included in profit or loss.

<div> Exploration and evaluation costs Exploration and evaluation activities involve the search for minerals, the determination of technical feasibility, and the assessment of commercial viability of an identified resource. Exploration and evaluation costs incurred prior to obtaining licenses are expensed in the period in which they are incurred. Once the legal right to explore has been acquired, exploration and evaluation costs incurred are capitalized. All capitalized exploration and evaluation costs are recorded at acquisition cost and are monitored for indications of impairment. Where there are indications of a potential impairment, an assessment is performed for recoverability. Capitalized costs are charged to the statement of operations and comprehensive loss to the extent that they are not expected to be recovered. Once the technical feasibility and commercial viability of the extraction of mineral resources in an area of interest are demonstrable, exploration and evaluation assets are tested for impairment and transferred to "Mines under construction". There is no amortization during the exploration and evaluation phase. Recoverability of the carrying amount of any exploration and evaluation assets is dependent on successful development and commercial exploitation, or alternatively, sale of the respective areas of interest. </div>

Impairment of non-current assets Non-current assets are evaluated at least annually by management for indicators that carrying value is impaired and may not be recoverable. When indicators of impairment are present the recoverable amount of an asset is evaluated at the level of a cash generating unit (CGU), the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets, where the recoverable amount of a CGU is the greater of the CGU's fair value less costs to sell and its value in use. An impairment loss is recognized in income to the extent that the carrying amount exceeds the recoverable amount. In calculating the recoverable amount, the Company uses discounted cash flow techniques to determine fair value when it is not possible to determine fair value either by quotes from an active market or a binding sales agreement. The determination of discounted cash flows is dependent on a number of factors, including future metal prices, the amount of reserves, the cost of bringing the project into production, production schedules, production costs, sustaining capital expenditures, and site closure, restoration and environmental rehabilitation costs. Additionally, the reviews take into account factors such as political, social and legal and environmental regulations. These factors may change due to changing economic conditions or the accuracy of certain assumptions and, hence, affect the recoverable amount. The Company uses its best efforts to fully understand all of the aforementioned to make an informed decision based upon historical and current facts surrounding the projects. Discounted cash flow techniques often require management to make estimates and assumptions concerning reserves and expected future production revenues and expenses.

Mining tax credits Mining tax credits and mining duties are recorded in the accounts when they are received. If and when received, these mining tax credits are recorded as a reduction of the related deferred exploration expenditures.

Decommissioning liabilities A legal or constructive obligation to incur restoration, rehabilitation and environmental costs may arise when environmental disturbance is caused by the exploration, development or ongoing production of a mineral property interest. Such costs arising from the decommissioning of plant and other site preparation work, discounted to their net present value, are provided for and capitalized at the start of each project to the carrying amount of the asset, as soon as the obligation to incur such costs arises. A pre-tax discount rate that reflects the time value of money and the risks specific to the liability are used to calculate the net present value of the expected future cash flows. These costs are charged to the statement of loss over the economic life of the related asset, through depreciation expense using either the unit-of-production or the straight-line method as appropriate. The related liability is progressively increased each period as the effect of discounting unwinds, creating an expense recognized in the statement of loss. The liability is assessed at each reporting date for changes to the current market-based discount rate, amount or timing of the underlying cash flows needed to settle the obligation. Costs for restoration of subsequent site damage which is created on an ongoing basis during production are provided for at their net present values and charged against profits as extraction progresses. The Company has no material restoration, rehabilitation and environmental costs as the disturbance to date is minimal.

<div> Flow‑Through Share Arrangements Flow‑through shares are a financing mechanism available to corporations engaged in eligible resource activities, including mining, oil and gas, and certain renewable energy or energy conservation projects. Under a flow‑through share agreement, the Company agrees to incur qualifying Canadian Exploration Expenses (“CEE”) or Canadian Development Expenses (“CDE”) and to renounce such expenditures to investors. The renunciation allows investors to deduct the qualifying expenditures for Canadian income tax purposes, even though the expenditures are incurred by the Company. The Company is required to incur qualifying expenditures in an amount equal to the proceeds received from the issuance of flow‑through shares within the period prescribed under the Income Tax Act (Canada). Once the qualifying expenditures are incurred and renounced, the Company is no longer entitled to claim the related tax deductions. The renunciation may give rise to a deferred tax liability for the Company, as the tax benefits associated with the expenditures are transferred to investors. The issuance of flow‑through shares typically results in the Company recording a premium liability representing the difference between the subscription price of the flow‑through shares and the fair value of the underlying common shares at the date of issuance. This premium is recognized in income as the qualifying expenditures are incurred and renounced to investors. The Company evaluates its obligations under flow‑through share agreements at each reporting date, including the requirement to incur qualifying expenditures within the prescribed timeframe. If the Company does not incur qualifying expenditures as required, it may be subject to Part XII.6 tax or other penalties under the Income Tax Act (Canada). </div>

<div> Stock-based payments The Company can grant stock options, RSUs, PSUs, and DSUs to directors, officers and employees. The fair value of these instruments is measured at grant date, using the Black-Scholes option pricing model, and is recognized over the vesting period of the instruments. The fair value is recognized as an expense with a corresponding increase in reserves. The amount recognized as expense is adjusted to reflect the number of instruments expected to vest. <div style="margin-top:0px;margin-bottom:0px"></div> Where the terms of an instrument are modified, the minimum expense recognized is the expense as if the terms had not been modified. An additional expense is recognized for any modification which increases the total fair value of the stock-based compensation arrangement, or is otherwise beneficial to the employee as measured at the date of modification over the remaining vesting period. Stock-based payments to non-employees are measured at the fair value of the goods or services received or the fair value of the equity instruments issued, if it is determined the fair value of the goods or services cannot be reliably measured, and are recorded at the date the goods or services are received. Common shares issued for consideration other than cash, are valued based on their market value of the common shares at the date the shares are issued. </div>

<div> Financial instruments Financial assets: The classification of financial assets is based on how the entity manages its financial instruments and contractual cash flow characteristics of the financial asset. Transactions costs with respect to financial instruments classified as fair value through profit or loss are recognized in the statements of operations and comprehensive loss. Cash and cash equivalents are classified as subsequently measured at amortized cost. The Company’s financial assets that are classified as and subsequently measured at fair value through profit or loss are marketable securities. Fair values are determined by reference to quoted market prices at the statement of financial position date. Reclamation deposits are classified as subsequently measured at amortized cost. Financial liabilities: Accounts payable and accrued liabilities are subsequently measured at amortized cost. Due to related parties is subsequently measured at amortized cost. </div>

Income taxes Income tax on the profit or loss for the periods presented comprises current and deferred tax. Income tax is recognized in profit or loss except to the extent that it relates to a business combination or items recognized directly in equity or in other comprehensive income or loss. Current tax expense is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at year end, adjusted for amendments to tax payable with regards to previous years. Deferred tax is provided using the liability method, providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The following temporary differences are not provided for: goodwill not deductible for tax purposes; the initial recognition of assets or liabilities that affect neither accounting nor taxable profit; and differences relating to investments in subsidiaries and associates to the extent that they will probably not reverse in the foreseeable future. The amount of deferred tax provided is based on the expected manner of realization or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantively enacted at the financial position reporting date applicable to the period of expected realization or settlement. <div style="margin-top:0px;margin-bottom:px"></div> A deferred tax asset is recognized only to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis.

<div> 5. RECENT ACCOUNTING PRONOUNCEMENTS Accounting standards or amendments to existing accounting standards that have been issued but have future effective dates are either not applicable or are not expected to have a significant impact on the Company’s consolidated financial statements, except for IFRS 18 “Presentation and Disclosure in Financial Statements” discussed below. On April 9, 2024, the IASB issued IFRS 18, which introduced new requirements for improved comparability in the statement of profit or loss, enhanced transparency of management-defined performance measures and more useful grouping of information in the financial statements. The standard is effective for annual reporting periods beginning on or after January 1, 2027. The Company is currently evaluating the impact to the financial statements. </div>

2500000 2500000 2500000

500000

312500

0.2 0.125

187500

25000

<div> 7. EXPLORATION AND EVALUATION ASSETS British Columbia, Canada The Company holds mineral claims in British Columbia under the CAP and Carbo properties comprised of two distinct claim groups within the Rocky Mountain Rare Metal Belt. CAP property In February 2019, the Company acquired a 100% interest in certain mineral claims (“CAP Claims”), located approximately 85 km northeast of Prince George, British Columbia. The CAP property is subject to a 2% Net Smelter Return (“NSR”) royalty in favour of the original vendors. Subsequent to this acquisition, the Company staked 3 additional claims contiguous to the acquired CAP Claims. As of July 31, 2026, the CAP property consists of 6 claims totalling 2,824 hectares (July 31, 2025 – 6 claims). Carbo property The Company acquired a 100% interest in the Carbo property through various share issuances and cash payments to certain property vendors in 2021 and 2022. The Carbo property is located north-east and in close proximity to the CAP property. As of July 31, 2026, the property consists of 17 claims totalling 2,048 hectares (July 31, 2025 – 17 claims). <div style="margin-top:0px;margin-bottom:0px"></div> Quebec, Canada West James Bay property <div> In May 2024, the Company purchased a 50% interest in a group of mineral claims (“West James Bay Claims”) located in the James Bay region of Quebec, Canada, for a cash payment of $125,000 to DG Resource Management Ltd., a company controlled by Jody Dahrouge, a director of the Company. In June 2024, the Company entered into an Earn-In Option Agreement, whereby the Company granted the optionee the option to acquire 80% of the Company’s 50% interest in the West James Bay property, whereby the optionee had to incur $1,000,000 of exploration costs on the West James Bay property and issue 2,500,000 common shares of the optionee to the Company (Note 6). During the year ended July 31, 2024, the optionee exercised its option by incurring the required expenditures and issuing the shares to the Company. The Company also retains a 1% Gross Overriding Royalty (“GOR”) on any future production from the West James Bay property on this interest sold. As of July 31, 2026, the Company retains the GOR royalty and a 10% interest in the West James Bay property. </div> Lac Le Moyne Carbonatite property In February 2025, the Company entered into a mineral property acquisition agreement to acquire a 100% interest in certain mineral claims for total consideration of: <ul style="margin-left:18pt;margin-top:0pt;text-align:justify"> <li>$100,000 in aggregate cash payable over a 3-year period ($50,000 paid to date);</li> <li>200,000 in common shares payable over a 2-year period. 100,000 common shares were issued in February 2025 with a fair value of $87,000, and 100,000 in January 2026 with a fair value of $265,000;</li> <li>If a material drill intersection of niobium mineralization is identified on the project, an additional 500,000 common shares are payable to the vendor of the property; and</li> <li>The property is subject to a 2% NSR to the vendor on future production.</li> </ul> Ontario, Canada Bianco property In November 2024, the Company acquired certain mineral claims, situated approximately 12.5 km southwest of the Kingfisher Lake First Nation and 156 km north of Pickle Lake, Ontario from DG Resource Management Ltd., a company controlled by Jody Dahrouge, a director of the Company, for $30,000. The Bianco property is subject to a 2% NSR to the vendor on future production. Nebraska, USA Rift property During the year ended July 31, 2025, the Company executed agreements with individual landholders to acquire the right to explore for and the option to purchase the mineral and surface rights over 2,217 acres of land. During the year ended July 31, 2026, the Company has optioned an additional 1,741 acres, bringing the aggregate property holdings to 3,958 acres as at July 31, 2026. All agreements were facilitated by Key Landmark LLC acting as the landman on behalf of the Company. The Rift property is subject to a 0.5% NSR on future production payable to the landman, and the underlying landowners retain a 2.0% NSR royalty, for an aggregate NSR royalty of 2.5%. All agreements have a 5-year term from signing. Subsequent to July 31, 2026, the Company optioned a further 432 acres bringing the Company's holdings to 4,390 acres. Colorado, USA Iron Hills property <div> In April 2026, the Company acquired certain mineral claims for $80,000. The property is subject to a 3% NSR to the vendor on future production. As of July 31, 2026, the property consists of 76 claims. Reclamation Bonds The Company's reclamation bonds relate to the following properties: <div style="margin-left:18pt"> <table border="0" style="width:80%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:1.5pt solid #000000">As at</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:1.5pt solid #000000">As at</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:1.5pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">July 31, 2026</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">July 31, 2025</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">CAP property</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">33,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">33,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000">Rift property</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">94,696</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">-</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:1.5pt solid #000000;background-color:#e6efff">Total</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid #000000;background-color:#e6efff">127,696</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid #000000;background-color:#e6efff">33,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> </tr> </table> </div> </div> <div style="margin-top:0px;margin-bottom:0px"></div> The following table summarizes exploration and evaluation asset changes during the applicable periods: <div style="margin-left:18pt"> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:9pt;border-color:#000000;width:100%;width:100%;width:100%"> <tr> <td style="padding-right:5pt;padding-left:5pt;vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:20%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:7%">CAP</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:7%">Carbo</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;margin-top:0pt;margin-bottom:0pt;width:7%"> West James Bay </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;margin-top:0pt;margin-bottom:0pt;width:7%"> Lac Le Moyne </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:7%">Bianco</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:7%">Rift</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:7%">Iron Hills</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;margin-top:0pt;margin-bottom:0pt;width:7%"> Total property costs </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;margin-top:0pt;margin-bottom:0pt;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);padding-left:5pt;padding-right:5pt;width:20%">Balance, July 31, 2024</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">964,721</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">138,978</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">1</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">1,103,700</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:5pt;padding-right:5pt;width:20%">Acquisition costs - cash</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">25,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">30,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">420,287</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:left;width:7%"> 475,287 </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);padding-left:5pt;padding-right:5pt;width:20%">Acquisition costs - shares</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">87,000</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">87,000</td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:5pt;padding-right:5pt;width:20%">Assays</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">34,575</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">13,782</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">48,357</td> <td style="vertical-align:bottom;text-align:right;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);padding-left:5pt;padding-right:5pt;width:20%">Camp costs</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">73,460</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">73,460</td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:5pt;padding-right:5pt;width:20%">Drilling costs</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">355,147</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">355,147</td> <td style="vertical-align:bottom;text-align:right;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);padding-left:5pt;padding-right:5pt;width:20%">Geological expenses</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">132,761</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">100,798</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">75,735</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">309,294</td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:5pt;padding-right:5pt;width:20%">Reports and other</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">16,912</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">164,628</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">181,540</td> <td style="vertical-align:bottom;text-align:right;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);padding-left:5pt;padding-right:5pt;width:20%">Supplies</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">13,688</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">9,240</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">9,843</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">32,771</td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);padding-left:5pt;padding-right:5pt;width:20%">Travel & transportation</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">432,598</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">45,444</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">189,771</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">40,903</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:7%"> 708,716 </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);padding-left:5pt;padding-right:5pt;width:20%">Total for the year</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">1,059,141</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">267,482</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">319,131</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">625,818</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">2,271,572</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:5pt;padding-right:5pt;width:20%">Mining tax credits</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">(27,918</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%">)</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">(27,918</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);width:2%">)</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);padding-left:5pt;padding-right:5pt;width:20%">Balance, July 31, 2025</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">1,995,944</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">138,978</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">1</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">267,482</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">319,131</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">625,818</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">3,347,354</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:5pt;padding-right:5pt;width:20%">Acquisition costs - cash</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:right;width:7%">25,000</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:right;width:7%">569,359</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:right;width:7%">80,574</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:right;width:7%">674,933</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:right;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);padding-left:5pt;padding-right:5pt;width:20%">Acquisition costs - shares</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">265,000</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">265,000</td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:5pt;padding-right:5pt;width:20%">Acquisition costs - staking</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">9,620</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">9,620</td> <td style="vertical-align:bottom;text-align:right;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);padding-left:5pt;padding-right:5pt;width:20%">Assays</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">274,330</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">7,287</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">17,095</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">1,811,925</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">2,110,637</td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:5pt;padding-right:5pt;width:20%">Camp costs</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">367,795</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">367,795</td> <td style="vertical-align:bottom;text-align:right;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);padding-left:5pt;padding-right:5pt;width:20%">Drilling costs</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">1,071,643</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">8,237,293</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">9,308,936</td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:5pt;padding-right:5pt;width:20%">Geological expenses</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">440,097</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">14,368</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">5,130</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">1,922</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">1,816,543</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">2,278,060</td> <td style="vertical-align:bottom;text-align:right;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);padding-left:5pt;padding-right:5pt;width:20%">Other costs</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">73,301</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">285,179</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">358,480</td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:5pt;padding-right:5pt;width:20%">Supplies and rentals</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">128,696</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">10,134</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">1,043,854</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">1,182,684</td> <td style="vertical-align:bottom;text-align:right;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);border-bottom:0.75pt solid rgb(0, 0, 0);padding-left:5pt;padding-right:5pt;width:20%">Travel & accommodation</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">1,163,643</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">9,587</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">388,454</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">1,561,684</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);padding-left:5pt;padding-right:5pt;width:20%">Total for the year</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">3,529,125</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">21,655</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">331,946</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">1,922</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">14,152,607</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">80,574</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">18,117,829</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);border-bottom:1.5pt solid rgb(0, 0, 0);padding-left:5pt;padding-right:5pt;width:20%">Balance, July 31, 2026</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">5,525,069</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">160,633</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">1</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">599,428</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">321,053</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">14,778,425</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">80,574</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">21,465,183</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> </table> </div> </div>

1 0.02 3 6 2824 6 1 17 2048 17 0.50

125000

0.80 0.50 1000000 2500000 0.01 0.10 1 100000

50000

200000 100000 87000 100000 265000 500000 0.02

30000

0.02 2217 1741 3958 0.005 0.02 0.025 5-year term 432 4390

80000

0.03 76 <table border="0" style="width:80%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:1.5pt solid #000000">As at</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:1.5pt solid #000000">As at</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:1.5pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">July 31, 2026</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">July 31, 2025</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">CAP property</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">33,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">33,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000">Rift property</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">94,696</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">-</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:1.5pt solid #000000;background-color:#e6efff">Total</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid #000000;background-color:#e6efff">127,696</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid #000000;background-color:#e6efff">33,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> </tr> </table> 33000000 33000000 94696000 0 127696000 33000000 <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:9pt;border-color:#000000;width:100%;width:100%;width:100%"> <tr> <td style="padding-right:5pt;padding-left:5pt;vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:20%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:7%">CAP</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:7%">Carbo</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;margin-top:0pt;margin-bottom:0pt;width:7%"> West James Bay </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;margin-top:0pt;margin-bottom:0pt;width:7%"> Lac Le Moyne </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:7%">Bianco</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:7%">Rift</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:7%">Iron Hills</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;margin-top:0pt;margin-bottom:0pt;width:7%"> Total property costs </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;margin-top:0pt;margin-bottom:0pt;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);padding-left:5pt;padding-right:5pt;width:20%">Balance, July 31, 2024</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">964,721</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">138,978</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">1</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">1,103,700</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:5pt;padding-right:5pt;width:20%">Acquisition costs - cash</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">25,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">30,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">420,287</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:left;width:7%"> 475,287 </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);padding-left:5pt;padding-right:5pt;width:20%">Acquisition costs - shares</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">87,000</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">87,000</td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:5pt;padding-right:5pt;width:20%">Assays</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">34,575</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">13,782</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">48,357</td> <td style="vertical-align:bottom;text-align:right;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);padding-left:5pt;padding-right:5pt;width:20%">Camp costs</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">73,460</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">73,460</td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:5pt;padding-right:5pt;width:20%">Drilling costs</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">355,147</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">355,147</td> <td style="vertical-align:bottom;text-align:right;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);padding-left:5pt;padding-right:5pt;width:20%">Geological expenses</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">132,761</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">100,798</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">75,735</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">309,294</td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:5pt;padding-right:5pt;width:20%">Reports and other</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">16,912</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">164,628</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">181,540</td> <td style="vertical-align:bottom;text-align:right;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);padding-left:5pt;padding-right:5pt;width:20%">Supplies</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">13,688</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">9,240</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">9,843</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">32,771</td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);padding-left:5pt;padding-right:5pt;width:20%">Travel & transportation</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">432,598</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">45,444</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">189,771</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">40,903</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:7%"> 708,716 </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);padding-left:5pt;padding-right:5pt;width:20%">Total for the year</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">1,059,141</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">267,482</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">319,131</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">625,818</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">2,271,572</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:5pt;padding-right:5pt;width:20%">Mining tax credits</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">(27,918</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%">)</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">(27,918</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);width:2%">)</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);padding-left:5pt;padding-right:5pt;width:20%">Balance, July 31, 2025</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">1,995,944</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">138,978</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">1</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">267,482</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">319,131</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">625,818</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">3,347,354</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:5pt;padding-right:5pt;width:20%">Acquisition costs - cash</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:right;width:7%">25,000</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:right;width:7%">569,359</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:right;width:7%">80,574</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:right;width:7%">674,933</td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:right;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);padding-left:5pt;padding-right:5pt;width:20%">Acquisition costs - shares</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">265,000</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">265,000</td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:5pt;padding-right:5pt;width:20%">Acquisition costs - staking</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">9,620</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">9,620</td> <td style="vertical-align:bottom;text-align:right;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);padding-left:5pt;padding-right:5pt;width:20%">Assays</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">274,330</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">7,287</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">17,095</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">1,811,925</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">2,110,637</td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:5pt;padding-right:5pt;width:20%">Camp costs</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">367,795</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">367,795</td> <td style="vertical-align:bottom;text-align:right;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);padding-left:5pt;padding-right:5pt;width:20%">Drilling costs</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">1,071,643</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">8,237,293</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">9,308,936</td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:5pt;padding-right:5pt;width:20%">Geological expenses</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">440,097</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">14,368</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">5,130</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">1,922</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">1,816,543</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">2,278,060</td> <td style="vertical-align:bottom;text-align:right;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);padding-left:5pt;padding-right:5pt;width:20%">Other costs</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">73,301</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">285,179</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:7%">358,480</td> <td style="vertical-align:bottom;text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:5pt;padding-right:5pt;width:20%">Supplies and rentals</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">128,696</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">10,134</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">1,043,854</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:7%">1,182,684</td> <td style="vertical-align:bottom;text-align:right;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);border-bottom:0.75pt solid rgb(0, 0, 0);padding-left:5pt;padding-right:5pt;width:20%">Travel & accommodation</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">1,163,643</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">9,587</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">388,454</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">1,561,684</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);padding-left:5pt;padding-right:5pt;width:20%">Total for the year</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">3,529,125</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">21,655</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">331,946</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">1,922</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">14,152,607</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">80,574</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:7%">18,117,829</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:rgb(230, 239, 255);border-bottom:1.5pt solid rgb(0, 0, 0);padding-left:5pt;padding-right:5pt;width:20%">Balance, July 31, 2026</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">5,525,069</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">160,633</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">1</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">599,428</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">321,053</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">14,778,425</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">80,574</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:left;background-color:rgb(230, 239, 255);width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:7%">21,465,183</td> <td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:1.5pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(230, 239, 255);width:2%"> </td> </tr> </table>

964721

138978

1103700

0 0 0 25000 30000 420287 0 475287 0 0 0 87000 0 0 0 87000 34575 0 0 0 13782 0 0 48357 73460 0 0 0 0 0 0 73460 355147 0 0 0 0 0 0 355147 132761 0 0 100798 75735 0 0 309294 16912 0 0 0 0 164628 0 181540 13688 0 0 9240 9843 0 0 32771 432598 0 0 45444 189771 40903 0 708716

1059141

267482

319131

625818

2271572

27918 0 0 0 0 0 0 27918

1995944

138978

267482

319131

625818

3347354

0 0 0 25000 0 569359 80574 674933 0 0 0 265000 0 0 0 265000 9620 0 0 0 0 0 0 9620 274330 7287 0 17095 0 1811925 0 2110637 367795 0 0 0 0 0 0 367795 1071643 0 0 0 0 8237293 0 9308936 440097 14368 0 5130 1922 1816543 0 2278060 73301 0 0 0 0 285179 0 358480 128696 0 0 10134 0 1043854 0 1182684 1163643 0 0 9587 0 388454 0 1561684

3529125

21655

331946

1922

14152607

80574

18117829

5525069

160633

599428

321053

14778425

80574

21465183

<div> <div> 8. SHARE CAPITAL </div> <div> a) Authorized: <ul style="text-align:justify;margin-left:18pt;margin-top:0pt"> <li style="text-align:justify">Unlimited common shares with no par value.</li> </ul> b) Issued and outstanding <div style="margin-left:18pt"> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="padding-right:5pt;padding-left:5pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap">Common Shares</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;margin-top:0pt;margin-bottom:0pt"> Number of Shares* </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td colspan="1" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td colspan="1" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap">$</td> <td colspan="1" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:5pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;background-color:#e6efff">Balance, July 31, 2024</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:12%;text-align:right;background-color:#e6efff">38,003,053</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:1%;text-align:left;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:12%;text-align:right;background-color:#e6efff">4,541,744</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom">Private placements (1,3)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">7,950,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">3,520,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom;background-color:#e6efff">Flow-through private placements (2,5)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">2,436,958</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">1,734,880</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom">Property acquisition (4)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">100,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">87,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom;background-color:#e6efff">Warrants exercised (note 8(c))</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">3,956,250</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">1,582,500</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom;border-bottom:0.75pt solid #000000">Share issuance costs</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:12%;text-align:right">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:12%;text-align:right">(96,966</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:2%;text-align:left">)</td> </tr> <tr> <td style="padding-right:5pt;padding-left:5pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;background-color:#e6efff">Balance, July 31, 2025</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:12%;text-align:right;background-color:#e6efff">52,446,261</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:1%;text-align:left;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:12%;text-align:right;background-color:#e6efff">11,369,158</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom;border-top:0.75pt solid #000000">Private placement (7)</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;width:12%;text-align:right">4,000,000</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;width:12%;text-align:right">10,000,000</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;width:2%;text-align:left"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom;background-color:#e6efff">Flow-through private placement (6)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">800,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">1,600,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom">Brokered private placement (9)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">7,895,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">15,000,500</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom;background-color:#e6efff">Property acquisition (8)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">100,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">265,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom">Warrants exercised (note 8(c))</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">30,990,280</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">4,381,144</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom;background-color:#e6efff">Options exercised (note 8(d))</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">174,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">281,708</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom">Issuance on RSU vesting (note 8(d))</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">50,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">188,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom;border-bottom:0.75pt solid #000000;background-color:#e6efff">Share issuance costs</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:12%;text-align:right;background-color:#e6efff">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:12%;text-align:right;background-color:#e6efff">(1,788,705</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:2%;text-align:left;background-color:#e6efff">)</td> </tr> <tr> <td style="padding-right:5pt;padding-left:5pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000">Balance, July 31, 2026</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;width:12%;text-align:right">96,455,541</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;width:1%;text-align:left">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;width:12%;text-align:right">41,296,805</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;width:2%;text-align:left"> </td> </tr> </table> </div> * On November 7, 2024, the Company completed a forward split of all of its issued and outstanding common shares on the basis of one and one-half new common shares for one old common share. The number of common shares were adjusted for the split. Outstanding stock options and share purchase warrants at the time of the split were also adjusted along with the respective exercise prices. As of July 31, 2026, the Company has no common shares held in escrow (2025 – 1,329,750). The shares were released every six months, over a three-year period, ending March 15, 2026. During the year ended July 31, 2025: (1) On August 16, 2024, the Company completed the second and final tranche of a non-brokered private placement consisting of 3,750,000 units (each, a “Unit”), at a price of $0.267 per Unit for gross proceeds of $1,000,000. Each Unit consisted of one common share (each, a “Share”) and one common share purchase warrant (each, a “Warrant”). Each Warrant entitling the holder to purchase one Share at a price of $0.40 per Share for a period of one year from closing. (2) On September 24, 2024, the Company completed a non-brokered private placement issuing 906,346 flow-through units (each, a “FT Unit”) at a price of $0.43 per FT Unit for aggregate gross proceeds of $392,750. Each FT Unit is comprised of one common share issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) and one common share purchase warrant issued on a non-flow-through basis (each, a “Warrant”). Each Warrant entitled the holder to receive one non-flow-through common share at a price of $0.67 per Share for a period of two years from closing. The gross proceeds from the sale of the FT Units will be used by the Company to incur eligible “Canadian exploration expenses” that will qualify as “flow-through mining expenditures” as such terms are defined in the Income Tax Act (Canada). The full amount was renounced to subscribers effective December 31, 2024. (3) On December 30, 2024, the Company completed a non-brokered private placement issuing a total of 4,200,000 Units at a price of $0.60 per Unit, raising aggregate proceeds of $2,520,000. Each Unit consisted of one common share of the Company and one Warrant, with each Warrant entitling the holder to purchase one Share at a price of $0.75 per Share for a period of two years from closing. <div style="margin-top:14.4px;margin-bottom:0px"></div> (4) On February 12, 2025, the Company issued 100,000 common shares at a fair value of $87,000 pursuant to the Lac Le Moyne property agreement (see Note 7). (5) On February 21, 2025, the Company completed a non-brokered private placement issuing a total of 1,530,612 flow-through common shares (each, an "FT Share") at a price of $0.98 per FT Share for gross proceeds of $1,500,000. The FT Shares were issued as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec). The proceeds from the issuance of the FT Shares will be used to incur eligible resource exploration expenses which will qualify as "Canadian exploration expenses"(as defined in the Income Tax Act (Canada)). In addition, subscribers residing in the province of Québec are also eligible for i) an additional deduction for CEE that qualifies as "exploration base relating to certain Québec exploration expenses" incurred in Québec, within the meaning of section 726.4.10 of the Taxation Act (Québec), and ii) for an additional deduction for certain surface mining CEE incurred in Québec that qualifies as "exploration base relating to certain Québec surface mining exploration expenses" within the meaning of section 726.4.17.2 of the Taxation Act (Québec). In connection with the offering, the Company paid cash fees of $90,000 to one qualified finder. During the year ended July 31, 2026: (6) On October 22, 2025, the Company completed a non-brokered flow-through private placement issuing 800,000 FT Units at a price of $2.00 per FT Unit for gross proceeds of $1,600,000. Each FT Unit consisted of one common share issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) and one Warrant issued on a non-flow-through basis. Each Warrant entitles the holder to purchase one non-flow-through common share at a price of $2.50 per Share for a period of two years from the date of issuance. (7) On October 30, 2025, the Company completed a non-brokered private placement issuing 4,000,000 Units of the Company at a price of $2.50 per Unit for gross proceeds of $10,000,000. Each Unit consists of one common share of the Company and one Warrant, with each Warrant exercisable to acquire one common share of the Company at a price of $3.00 per Share for a period of two years from the date of issuance. In connection with the Offering, the Company paid cash finders’ fee of $255,500; other share issuance costs of $7,013 and issued 102,200 non-transferable finder’s warrants (each a ‘Finders’ Warrant”) to certain finders. Each Finder’s Warrant entitles the holder thereof to purchase one common share at a price of $3.00 per common share for a period of two years. The fair value of the finder’s warrants was calculated using the Black Scholes option pricing model based on the following assumptions: Exercise price - $3.00, Expected life – 2 years, Expected volatility – 113.21%, Risk-free interest rate – 2.42%, with no expected dividends or forfeitures. The total fair value, being $196,296 for these finders’ warrants has been recorded as a non-cash share issuance cost, with a corresponding adjustment to reserves. (8) On January 28, 2026, the Company issued 100,000 common shares at a fair value of $265,000 pursuant to the Lac Le Moyne property acquisition (see Note 7). (9) On June 2, 2026, the Company closed a brokered private placement, whereby the Company issued 7,895,000 Units of the Company at a price of $1.90 per Unit for gross proceeds of $15,000,500. Each Unit consisted of one common share and one Warrant of the Company. Each Warrant entitles the holder to purchase one common share of the Company at a price of $2.60 per Share for a period of twenty-four months from the closing date. The agents for the placement received aggregate cash fee of $750,006 and 394,740 non-transferable common share purchase warrants. Each agent warrant is exercisable into one common share of the Company at $1.90 per share for a period of twenty-four months from the closing date. The Company also incurred other share issuance costs of $287,782 relating to this private placement. The fair value of the agent’s warrants was calculated using the Black Scholes option pricing model based on the following assumptions: Exercise price - $1.90, Expected life – 2 years, Expected volatility – 93%, Risk-free interest rate – 2.80%, with no expected dividends or forfeitures. The total fair value, being $292,108 for these agent’s warrants has been recorded as a non-cash share issuance cost, with a corresponding adjustment to reserves. </div> <div></div> <div> c) Warrants The following is a summary of warrant transactions for the years ended July 31, 2026 and 2025: </div> <div style="margin-left:36pt"> <div> <div> <div> <div> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;padding-left:15pt;white-space:nowrap;padding-right:5pt"> </td> <td colspan="1" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td colspan="4" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap">July 31, 2026</td> <td colspan="1" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td colspan="1" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td colspan="4" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap">July 31, 2025</td> <td colspan="1" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:justify;padding-left:15pt;padding-right:5pt;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Weighted Average</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Weighted average</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:15pt;padding-right:5pt;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Number of</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Exercise</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Number of</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Exercise</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:15pt;padding-right:5pt;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Warrants</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Price</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Warrants</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Price</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:15pt;background-color:#e6efff;padding-right:5pt;text-align:left">Balance, beginning of year</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">34,974,961</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">0.21</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">30,074,865</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">0.12</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:15pt;padding-right:5pt">Exercised</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">(30,990,280</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">0.14</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">(3,956,250</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">0.40</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:15pt;background-color:#e6efff;padding-right:5pt">Issued</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:15%;background-color:#e6efff">13,191,940</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:15%;background-color:#e6efff">2.70</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:15%;background-color:#e6efff">8,856,346</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:15%;background-color:#e6efff">0.59</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;padding-left:15pt;padding-right:5pt">Balance, end of year</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:15%">17,176,621</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:15%">2.24</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:15%">34,974,961</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:15%">0.21</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> </tr> </table> </div> </div> </div> </div> </div> The following warrants were outstanding and exercisable as of July 31, 2026: <div style="margin-left:36pt"> <div> <div> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-top:1.5pt solid #000000;vertical-align:bottom;white-space:nowrap;width:44.2446%;padding-left:15pt;padding-right:5pt"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;padding-left:7.6pt;white-space:nowrap;width:14.6643%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap;width:5.95923%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap;width:14.988%">Number of Warrants</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap;width:2.03837%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap;width:0.959233%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap;width:14.988%">Weighted Average</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap;width:2.03837%"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:15pt;white-space:nowrap;width:44.2446%;padding-right:5pt"> </td> <td style="vertical-align:bottom;padding-left:7.6pt;white-space:nowrap;width:14.6643%;text-align:right">Exercise</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;width:5.95923%"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;width:14.988%">Outstanding and</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;width:2.03837%"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;width:0.959233%"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;width:14.988%">Remaining Contractual</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;width:2.03837%"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:15pt;white-space:nowrap;width:44.2446%;padding-right:5pt">Expiry Date</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:7.6pt;white-space:nowrap;width:14.6643%;text-align:right">Price</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap;width:5.95923%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap;width:14.988%">Exercisable</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap;width:2.03837%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap;width:0.959233%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap;width:14.988%">Life (Years)</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap;width:2.03837%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff;width:44.2446%;padding-left:15pt;padding-right:5pt">September 24, 2026**</td> <td style="vertical-align:bottom;background-color:#e6efff;width:14.6643%;text-align:right">$0.67</td> <td style="vertical-align:bottom;text-align:left;width:5.95923%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%;background-color:#e6efff">786,346</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:0.959233%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%;background-color:#e6efff">0.15</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:44.2446%;padding-left:15pt;padding-right:5pt">December 30, 2026</td> <td style="vertical-align:bottom;width:14.6643%;text-align:right">$0.75</td> <td style="vertical-align:bottom;text-align:left;width:5.95923%"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%">3,198,335</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%"> </td> <td style="vertical-align:bottom;text-align:left;width:0.959233%"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%">0.42</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff;width:44.2446%;padding-left:15pt;padding-right:5pt">October 22, 2027</td> <td style="vertical-align:bottom;background-color:#e6efff;width:14.6643%;text-align:right">$2.50</td> <td style="vertical-align:bottom;text-align:left;width:5.95923%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%;background-color:#e6efff">800,000</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:0.959233%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%;background-color:#e6efff">1.23</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:44.2446%;padding-left:15pt;padding-right:5pt">October 30, 2027</td> <td style="vertical-align:bottom;width:14.6643%;text-align:right">$3.00</td> <td style="vertical-align:bottom;text-align:left;width:5.95923%"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%">4,000,000</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%"> </td> <td style="vertical-align:bottom;text-align:left;width:0.959233%"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%">1.25</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff;width:44.2446%;padding-left:15pt;padding-right:5pt">October 30, 2027*</td> <td style="vertical-align:bottom;background-color:#e6efff;width:14.6643%;text-align:right">$3.00</td> <td style="vertical-align:bottom;text-align:left;width:5.95923%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%;background-color:#e6efff">102,200</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:0.959233%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%;background-color:#e6efff">1.25</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:44.2446%;padding-left:15pt;padding-right:5pt">June 2, 2028</td> <td style="vertical-align:bottom;width:14.6643%;text-align:right">$2.60</td> <td style="vertical-align:bottom;text-align:left;width:5.95923%"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%">7,895,000</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%"> </td> <td style="vertical-align:bottom;text-align:left;width:0.959233%"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%">1.84</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff;width:44.2446%;padding-left:15pt;padding-right:5pt">June 2, 2028*</td> <td style="vertical-align:bottom;background-color:#e6efff;width:14.6643%;text-align:right">$1.90</td> <td style="vertical-align:bottom;text-align:left;width:5.95923%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%;background-color:#e6efff">394,740</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:0.959233%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%;background-color:#e6efff">1.84</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;padding-left:5pt;width:44.2446%;padding-right:5pt">Total</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;padding-left:4.5pt;width:14.6643%;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:5.95923%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:14.988%">17,176,621</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2.03837%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:0.959233%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:14.988%">1.33</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2.03837%"> </td> </tr> </table> </div> </div> </div> <div> *Finder's or agent's warrants **Exercised subsequent to July 31, 2026 (Note 14). <div> During the year ended July 31, 2025, 3,956,250 warrants were exercised for gross proceeds of $1,582,500. During the year ended July 31, 2026, 30,990,280 warrants were exercised for gross proceeds of $4,381,144. The weighted average share price on the dates that warrants were exercised during the year ended July 31, 2026 was $2.17. </div> d) Stock-based compensation Equity Incentive Plan The Company has an equity compensation plan that includes stock options, restricted share units ("RSU"), deferred share units ("DSU") and performance share units ("PSU"). The total outstanding awards including options, PSUs, DSUs or RSUs, shall not exceed more than 20% of the total outstanding common shares on a non-diluted basis. Stock Option Plan Options are granted with an exercise price determined by the Board of Directors, which may not be less than 25% of the Company's stock price on the date of the grant. Options granted to directors, employees and consultants other than consultants engaged in investor relations activities will vest immediately. However, for options granted to employees and consultants engaged in investor relations activities will vest in stages over a minimum period of 12 months with no more than one-quarter of the options vesting in any three-month period. <div> RSUs, DSUs, and PSUs under the Plan A RSU is a unit equivalent in value to a Common Share which entitles the holder to receive one common share for each RSU after a specified vesting period determined by the Company. Upon settlement, RSU holders will receive (a) one fully paid and non-assessable common share in respect of each vested RSU, (b) subject to the approval by the board of directors, a cash payment, or (c) a combination of common shares and cash. The cash payment is determined by multiplying the number of RSUs redeemed for cash by the market price on the date of settlement. RSUs expire by December 31 in the third year after they are granted. <div></div> A DSU is a unit equivalent in value to a common share which entitles the holder to receive one common share for each DSU on a future date, generally upon termination of service with the Company. Upon settlement, holders will receive (a) one fully paid and nonassessable common share in respect of each vested DSU, (b) subject to the approval of the board of directors, a cash payment, or (c) a combination of common shares and cash. The cash payment is determined with reference to the market price in the same manner as with RSUs. A PSU is a unit equivalent in value to a common share which entitles the holder to receive one common share for each PSU on a future date, generally upon the achievement of certain performance goals within the Company. Upon settlement, holders will receive (a) one fully paid and nonassessable common share in respect of each vested PSU, (b) subject to the approval of the board of directors, a cash payment, or (c) a combination of common shares and cash. The cash payment is determined with reference to the market price in the same manner as with RSUs. The RSUs, DSUs and PSUs granted will vest and be exercisable on a basis determined by the board at the time of the grant and will be exercisable for a period not exceeding ten years. Stock options The following is a summary of option transactions under the Company's equity incentive plan for the years ended July 31, 2026 and 2025: </div> </div> <div> <div style="margin-left:36pt"> <div> <div> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:0.75pt solid #000000;border-top:1.5pt solid #000000;vertical-align:bottom;white-space:nowrap;padding-left:15pt;padding-right:5pt"> </td> <td colspan="1" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td colspan="4" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap">July 31, 2026</td> <td colspan="1" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td colspan="1" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td colspan="4" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap">July 31, 2025</td> <td colspan="1" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:justify;padding-left:15pt;white-space:nowrap;padding-right:5pt"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Weighted Average</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Weighted average</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:15pt;white-space:nowrap;padding-right:5pt"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Number of</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Exercise</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Number of</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Exercise</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:15pt;white-space:nowrap;padding-right:5pt"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Options</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Price</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Options</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Price</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:15pt;background-color:#e6efff;padding-right:5pt">Balance, beginning of year</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">7,250,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">0.629</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">2,250,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">0.138</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:15pt;padding-right:5pt">Exercised</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(174,000</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">0.850</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:15pt;background-color:#e6efff;padding-right:5pt">Granted</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">3,335,000</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">2.135</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">5,000,000</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">0.850</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;padding-left:15pt;padding-right:5pt">Balance, end of year</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:12%">10,411,000</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:12%">1.108</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:12%">7,250,000</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:12%">0.629</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> </tr> </table> </div> </div> </div> <div> The following stock options were outstanding and exercisable as at July 31, 2026: </div> <div style="margin-left:36pt"> <div> <div> <div> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-top:1.5pt solid #000000;vertical-align:bottom;white-space:nowrap;padding-left:15pt;padding-right:5pt"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;padding-left:7.6pt;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap">Number of</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap">Number of</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap">Weighted Average</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:15pt;white-space:nowrap;padding-right:5pt"> </td> <td style="vertical-align:bottom;text-align:right;padding-left:7.6pt;white-space:nowrap">Exercise</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Options</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Options</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Remaining Contractual</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:15pt;white-space:nowrap;padding-right:5pt">Expiry Date</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;padding-left:7.6pt;white-space:nowrap">Price</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Exercisable</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Outstanding</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Life (Years)</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff;padding-left:15pt;padding-right:5pt">April 26, 2029</td> <td style="vertical-align:bottom;background-color:#e6efff;text-align:right">$0.133</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">1,950,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">1,950,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">2.74</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:15pt;padding-right:5pt">May 8, 2029</td> <td style="vertical-align:bottom;text-align:right">$0.167</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">300,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">300,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">2.77</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff;padding-left:15pt;padding-right:5pt">March 14, 2030</td> <td style="vertical-align:bottom;background-color:#e6efff;text-align:right">$0.850</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">4,826,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">4,826,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">3.62</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:15pt;padding-right:5pt">September 8, 2030</td> <td style="vertical-align:bottom;text-align:right">$1.970</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">1,161,600</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">1,760,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">4.11</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff;padding-left:15pt;padding-right:5pt">October 22, 2027</td> <td style="vertical-align:bottom;background-color:#e6efff;text-align:right">$3.820</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">50,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">50,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">1.23</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:15pt;padding-right:5pt">December 5, 2029</td> <td style="vertical-align:bottom;text-align:right">$2.500</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">75,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">75,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">3.35</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff;padding-left:15pt;padding-right:5pt">January 30, 2028</td> <td style="vertical-align:bottom;background-color:#e6efff;text-align:right">$2.750</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">200,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">200,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">1.50</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:15pt;padding-right:5pt">May 7, 2031</td> <td style="vertical-align:bottom;text-align:right">$2.180</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">750,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">4.77</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff;padding-left:15pt;padding-right:5pt">May 7, 2028</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;background-color:#e6efff;text-align:right">$2.180</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">500,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">1.77</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td colspan="1" style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;padding-left:5pt;padding-right:5pt">Total</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:15%">8,562,600</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:15%">10,411,000</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:15%">3.45</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> </tr> </table> </div> </div> </div> </div> <div> Stock option granted during the year ended July 31, 2025 <ul style="padding-left:18pt"> <li style="margin-left:27.05pt;text-align:justify;padding-left:8.4pt">On March 14, 2025, the Company granted 5,000,000 stock options to certain directors, officers and consultants, priced at $0.85 and are exercisable for a period of 5 years from the date of grant. The options vest as to 33% on the date that is four months from the grant date, 33% on the date that is eight months from the grant date and 34% on the date that is twelve months from the grant date.</li> </ul> <div></div> Stock options granted during the year ended July 31, 2026 <ul style="padding-left:18pt"> <li style="margin-left:23.8pt;text-align:justify;padding-left:8.4pt">On September 8, 2025, the Company granted 1,760,000 stock options to certain directors, officers and consultants, priced at $1.97 and are exercisable for a period of 5 years from the date of grant. The options vest as to 33% on the date that is four months from the grant date, 33% on the date that is eight months from the grant date and 34% on the date that is twelve months from the grant date.</li> </ul> <ul style="padding-left:18pt"> <li style="margin-left:23.8pt;text-align:justify;padding-left:8.4pt">On October 22, 2025, the Company granted 50,000 stock options to a consultant, priced at $3.82 and are exercisable for a period of 2 years from the date of grant. The options vested upon the Company's successful listing on the EuroNext exchange.</li> </ul> <ul style="padding-left:18pt"> <li style="margin-left:23.8pt;text-align:justify;padding-left:8.4pt">On December 5, 2025 the Company granted 75,000 stock options to a consultant, priced at $2.50 and are exercisable for a period of 4 years from the date of grant. The options vest in six months from the date of grant.</li> </ul> <ul style="padding-left:18pt"> <li style="margin-left:23.8pt;text-align:justify;padding-left:8.4pt">On January 30, 2026 the Company granted 200,000 stock options to a consultant, priced at $2.75 and are exercisable for a period of 2 years from the date of grant. The options vested immediately.</li> </ul> <ul style="padding-left:18pt"> <li style="margin-left:27.6pt;text-align:justify;padding-left:8.4pt">On May 7, 2026 the Company granted 1,250,000 options to certain directors, officers and consultants of the Company. The options are exercisable at a price of $2.18 per share. 750,000 options are exercisable for a period of five years from the date of grant and vest as to 33% four months from the date of grant, 33% eight months from the date of grant, and 34% twelve months from the date of grant. The remaining 500,000 options are exercisable for a period of two years from the date of grant, and vest in full on October 7, 2026. </li> </ul> <div> During the year ended July 31, 2026, 174,000 stock options were exercised for gross cash proceeds of $147,900. $133,808 of stock-based compensation originally recognised on the grant date for these options was transferred to share capital from reserves upon exercise of these options. The weighted average share price on the dates that options were exercised during the year ended July 31, 2026 was $2.67 (2025 - $Nil). Restricted share units The following is a summary of RSU transactions under the Company's equity incentive plan for the years ended July 31, 2026 and 2025: <div style="margin-left:0px"> <table cellpadding="0" cellspacing="0" style="width:70%;border-collapse:collapse;font-size:10pt;border-color:#000000;margin-left:auto;margin-right:auto"> <tr> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;padding-left:15pt;padding-right:5pt;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap">Number of</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:15pt;padding-right:5pt;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">RSUs</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;padding-left:15pt;background-color:#e6efff;padding-right:5pt">Balance, July 31, 2024 and 2025</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:22%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:15pt;padding-right:5pt">Granted</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:22%">2,835,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:15pt;background-color:#e6efff;padding-right:5pt">Exercised</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:22%;background-color:#e6efff">(50,000</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;padding-left:15pt;padding-right:5pt">Balance, July 31, 2026</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:22%">2,785,000</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> </tr> </table> </div> The following RSUs were outstanding and exercisable as at July 31, 2026: <div style="margin-left:0px"> <table cellpadding="0" cellspacing="0" style="width:80%;border-collapse:collapse;font-size:10pt;border-color:#000000;margin-left:auto;margin-right:auto"> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-top:1.5pt solid #000000;vertical-align:bottom;white-space:nowrap;padding-left:15pt;padding-right:5pt"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap">Number of</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap">Number of</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;width:25%;white-space:nowrap">Weighted Average</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:15pt;white-space:nowrap;padding-right:5pt"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">RSUs</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">RSUs</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;width:25%;white-space:nowrap">Remaining Contractual</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:15pt;white-space:nowrap;padding-right:5pt">Expiry Date</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Vested*</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Outstanding</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:25%;white-space:nowrap">Life (Years)</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff;padding-left:15pt;padding-right:5pt">December 31, 2028</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">25,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">1,685,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:25%;background-color:#e6efff">2.42</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:15pt;padding-right:5pt">December 31, 2029</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">1,100,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:25%">3.42</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td colspan="1" style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;padding-left:5pt;background-color:#e6efff;padding-right:5pt">Total</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:15%;background-color:#e6efff">25,000</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:15%;background-color:#e6efff">2,785,000</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:25%;background-color:#e6efff">2.82</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> </table> </div> * The grantee has the ability to request the issuance of the related common shares at any time once vested. </div> <div> <div></div> RSUs granted during the year ended July 31, 2026 <ul style="padding-left:18pt"> <li style="margin-left:27.6pt;text-align:justify;padding-left:8.4pt">On September 8, 2025, the Company granted 1,660,000 RSUs to certain directors, officers and consultants which vest as to one quarter every four months from the grant date. On January 8, 2026, the vesting dates of these RSUs was amended to 25% on May 8, 2026, 25% on September 8, 2026, 25% on January 8, 2027, and 25% on May 8, 2027. The Company adjusted stock-based compensation accordingly for this amendment. On May 8, 2026, the vesting dates of these RSUs was further amended to 25% on September 8, 2026, 25% on January 8, 2027, 25% on May 8, 2027, and 25% on September 8, 2027. The Company adjusted stock-based compensation accordingly for this second amendment.</li> </ul> <ul style="padding-left:18pt"> <li style="margin-left:27.6pt;text-align:justify;padding-left:8.4pt">On October 22, 2025, the Company granted 50,000 RSUs to a consultant which vested upon the successful listing by the Company on EuroNext.</li> </ul> <ul style="padding-left:18pt"> <li style="margin-left:27.6pt;text-align:justify;padding-left:8.4pt">On December 5, 2025, the Company granted 25,000 RSUs to a consultant which vest six months from the grant date. </li> </ul> <ul style="padding-left:18pt"> <li style="margin-left:27.6pt;text-align:justify;padding-left:8.4pt">On January 23, 2026, the Company granted 750,000 RSUs to a director which vest as to 50% in one year and 50% in two years from the grant date. </li> </ul> <ul style="padding-left:18pt"> <li style="margin-left:27.6pt;text-align:justify;padding-left:8.4pt">On May 7, 2026, the Company granted 350,000 RSUs to certain directors, and officers, which vest as to one quarter every four months from the grant date.</li> </ul> During the year ended July 31, 2026, 50,000 RSUs vested, resulting in the issuance of 50,000 common shares being issued for $nil cash consideration. </div> </div> Stock-based compensation <div> The following weighted average assumptions were used for the Black-Scholes pricing model calculations for options granted: <div style="margin-left:36pt"> <table border="0" style="width:100%;border-collapse:collapse;font-size:10pt"> <tr> <td style="padding-left:4pt;padding-right:4pt;border-bottom:0.75pt solid #000000;text-align:center"> </td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:0.75pt solid #000000;text-align:center">May 7, 2026</td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:0.75pt solid #000000;text-align:center">Jan 30, 2026</td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:0.75pt solid #000000;text-align:center">Dec 5, 2025</td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:0.75pt solid #000000;text-align:center">Oct 22, 2025</td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:0.75pt solid #000000;text-align:center">Sept 8, 2025</td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:0.75pt solid #000000;text-align:center">Mar 14, 2025</td> </tr> <tr> <td style="padding-left:4pt;padding-right:4pt;background-color:#e6efff">Risk-free interest rate</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">3.08%</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">2.56%</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">3.01%</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">2.38%</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">2.77%</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">2.72%</td> </tr> <tr> <td style="padding-left:4pt;padding-right:4pt">Expected stock price volatility</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center">119%</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center">105%</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center">144%</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center">105%</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center">168%</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center">184%</td> </tr> <tr> <td style="padding-left:4pt;padding-right:4pt;background-color:#e6efff">Expected option life in years</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">3.8 years</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">2 years</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">4 years</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">2 years</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">5 years</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">5 years</td> </tr> <tr> <td style="padding-left:4pt;padding-right:4pt;border-bottom:1.5pt solid #000000">Dividend rate</td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:1.5pt solid #000000;text-align:center">Nil</td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:1.5pt solid #000000;text-align:center">Nil</td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:1.5pt solid #000000;text-align:center">Nil</td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:1.5pt solid #000000;text-align:center">Nil</td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:1.5pt solid #000000;text-align:center">Nil</td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:1.5pt solid #000000;text-align:center">Nil</td> </tr> </table> </div> <div style="margin-left:36pt"> </div> <div style="margin-left:36pt">The fair value of each RSU granted was equal to the Company's share price on the date of each grant.</div> During the year ended July 31, 2025, $2,591,294 was expensed as stock-based compensation related to options issued. During the years ended July 31, 2026, $5,622,044 and $3,545,202 respectively, was expensed as stock-based compensation related to options and RSUs granted, with a corresponding adjustment to reserves. </div> </div> </div>

<table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="padding-right:5pt;padding-left:5pt;vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap">Common Shares</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;margin-top:0pt;margin-bottom:0pt"> Number of Shares* </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td colspan="1" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td colspan="1" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap">$</td> <td colspan="1" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:5pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;background-color:#e6efff">Balance, July 31, 2024</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:12%;text-align:right;background-color:#e6efff">38,003,053</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:1%;text-align:left;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:12%;text-align:right;background-color:#e6efff">4,541,744</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom">Private placements (1,3)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">7,950,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">3,520,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom;background-color:#e6efff">Flow-through private placements (2,5)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">2,436,958</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">1,734,880</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom">Property acquisition (4)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">100,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">87,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom;background-color:#e6efff">Warrants exercised (note 8(c))</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">3,956,250</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">1,582,500</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom;border-bottom:0.75pt solid #000000">Share issuance costs</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:12%;text-align:right">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:12%;text-align:right">(96,966</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:2%;text-align:left">)</td> </tr> <tr> <td style="padding-right:5pt;padding-left:5pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;background-color:#e6efff">Balance, July 31, 2025</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:12%;text-align:right;background-color:#e6efff">52,446,261</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:1%;text-align:left;background-color:#e6efff">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:12%;text-align:right;background-color:#e6efff">11,369,158</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom;border-top:0.75pt solid #000000">Private placement (7)</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;width:12%;text-align:right">4,000,000</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;width:12%;text-align:right">10,000,000</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;width:2%;text-align:left"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom;background-color:#e6efff">Flow-through private placement (6)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">800,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">1,600,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom">Brokered private placement (9)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">7,895,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">15,000,500</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom;background-color:#e6efff">Property acquisition (8)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">100,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">265,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom">Warrants exercised (note 8(c))</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">30,990,280</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">4,381,144</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom;background-color:#e6efff">Options exercised (note 8(d))</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">174,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">281,708</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom">Issuance on RSU vesting (note 8(d))</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">50,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">188,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="padding-right:5pt;padding-left:15pt;vertical-align:bottom;border-bottom:0.75pt solid #000000;background-color:#e6efff">Share issuance costs</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:12%;text-align:right;background-color:#e6efff">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:12%;text-align:right;background-color:#e6efff">(1,788,705</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;width:2%;text-align:left;background-color:#e6efff">)</td> </tr> <tr> <td style="padding-right:5pt;padding-left:5pt;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000">Balance, July 31, 2026</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;width:12%;text-align:right">96,455,541</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;width:1%;text-align:left">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;width:12%;text-align:right">41,296,805</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;width:2%;text-align:left"> </td> </tr> </table>

38003053

4541744

7950000 3520000 2436958 1734880 100000 87000 3956250

1582500

96966

52446261

11369158

4000000 10000000 800000 1600000 7895000 15000500 100000 265000 30990280

4381144

174000

281708

50000 188000

1788705

96455541

41296805

1329750 3750000 0.267 1000000 0.4 906346 0.43 392750 0.67 4200000 0.6 2520000 0.75 100000 87000

1530612

0.98

1500000

90000 800000 2 1600000 2.5 4000000 2.5 10000000 3 255500

7013

102200 3

1.1321

0.0242

196296

100000 265000 7895000 1.9 15000500 2.6 750006 394740 1.9

287782

1.9

0.93

0.028

292108 <div> <div> <div> <div> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;padding-left:15pt;white-space:nowrap;padding-right:5pt"> </td> <td colspan="1" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td colspan="4" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap">July 31, 2026</td> <td colspan="1" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td colspan="1" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td colspan="4" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap">July 31, 2025</td> <td colspan="1" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:justify;padding-left:15pt;padding-right:5pt;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Weighted Average</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Weighted average</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:15pt;padding-right:5pt;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Number of</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Exercise</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Number of</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Exercise</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:15pt;padding-right:5pt;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Warrants</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Price</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Warrants</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Price</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:15pt;background-color:#e6efff;padding-right:5pt;text-align:left">Balance, beginning of year</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">34,974,961</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">0.21</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">30,074,865</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">0.12</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:15pt;padding-right:5pt">Exercised</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">(30,990,280</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">0.14</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">(3,956,250</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">0.40</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:15pt;background-color:#e6efff;padding-right:5pt">Issued</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:15%;background-color:#e6efff">13,191,940</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:15%;background-color:#e6efff">2.70</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:15%;background-color:#e6efff">8,856,346</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:15%;background-color:#e6efff">0.59</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;padding-left:15pt;padding-right:5pt">Balance, end of year</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:15%">17,176,621</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:15%">2.24</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:15%">34,974,961</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:15%">0.21</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> </tr> </table> </div> </div> </div> </div>

34974961

0.21

30074865

0.12

30990280

0.14

3956250

0.4

13191940

2.7

8856346

0.59

17176621

2.24

34974961

0.21

<div> <div> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-top:1.5pt solid #000000;vertical-align:bottom;white-space:nowrap;width:44.2446%;padding-left:15pt;padding-right:5pt"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;padding-left:7.6pt;white-space:nowrap;width:14.6643%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap;width:5.95923%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap;width:14.988%">Number of Warrants</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap;width:2.03837%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap;width:0.959233%"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap;width:14.988%">Weighted Average</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap;width:2.03837%"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:15pt;white-space:nowrap;width:44.2446%;padding-right:5pt"> </td> <td style="vertical-align:bottom;padding-left:7.6pt;white-space:nowrap;width:14.6643%;text-align:right">Exercise</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;width:5.95923%"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;width:14.988%">Outstanding and</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;width:2.03837%"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;width:0.959233%"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;width:14.988%">Remaining Contractual</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;width:2.03837%"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:15pt;white-space:nowrap;width:44.2446%;padding-right:5pt">Expiry Date</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:7.6pt;white-space:nowrap;width:14.6643%;text-align:right">Price</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap;width:5.95923%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap;width:14.988%">Exercisable</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap;width:2.03837%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap;width:0.959233%"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap;width:14.988%">Life (Years)</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap;width:2.03837%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff;width:44.2446%;padding-left:15pt;padding-right:5pt">September 24, 2026**</td> <td style="vertical-align:bottom;background-color:#e6efff;width:14.6643%;text-align:right">$0.67</td> <td style="vertical-align:bottom;text-align:left;width:5.95923%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%;background-color:#e6efff">786,346</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:0.959233%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%;background-color:#e6efff">0.15</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:44.2446%;padding-left:15pt;padding-right:5pt">December 30, 2026</td> <td style="vertical-align:bottom;width:14.6643%;text-align:right">$0.75</td> <td style="vertical-align:bottom;text-align:left;width:5.95923%"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%">3,198,335</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%"> </td> <td style="vertical-align:bottom;text-align:left;width:0.959233%"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%">0.42</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff;width:44.2446%;padding-left:15pt;padding-right:5pt">October 22, 2027</td> <td style="vertical-align:bottom;background-color:#e6efff;width:14.6643%;text-align:right">$2.50</td> <td style="vertical-align:bottom;text-align:left;width:5.95923%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%;background-color:#e6efff">800,000</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:0.959233%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%;background-color:#e6efff">1.23</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:44.2446%;padding-left:15pt;padding-right:5pt">October 30, 2027</td> <td style="vertical-align:bottom;width:14.6643%;text-align:right">$3.00</td> <td style="vertical-align:bottom;text-align:left;width:5.95923%"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%">4,000,000</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%"> </td> <td style="vertical-align:bottom;text-align:left;width:0.959233%"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%">1.25</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff;width:44.2446%;padding-left:15pt;padding-right:5pt">October 30, 2027*</td> <td style="vertical-align:bottom;background-color:#e6efff;width:14.6643%;text-align:right">$3.00</td> <td style="vertical-align:bottom;text-align:left;width:5.95923%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%;background-color:#e6efff">102,200</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:0.959233%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%;background-color:#e6efff">1.25</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;width:44.2446%;padding-left:15pt;padding-right:5pt">June 2, 2028</td> <td style="vertical-align:bottom;width:14.6643%;text-align:right">$2.60</td> <td style="vertical-align:bottom;text-align:left;width:5.95923%"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%">7,895,000</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%"> </td> <td style="vertical-align:bottom;text-align:left;width:0.959233%"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%">1.84</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff;width:44.2446%;padding-left:15pt;padding-right:5pt">June 2, 2028*</td> <td style="vertical-align:bottom;background-color:#e6efff;width:14.6643%;text-align:right">$1.90</td> <td style="vertical-align:bottom;text-align:left;width:5.95923%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%;background-color:#e6efff">394,740</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:0.959233%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:14.988%;background-color:#e6efff">1.84</td> <td style="vertical-align:bottom;text-align:left;width:2.03837%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;padding-left:5pt;width:44.2446%;padding-right:5pt">Total</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;padding-left:4.5pt;width:14.6643%;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:5.95923%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:14.988%">17,176,621</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2.03837%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:0.959233%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:14.988%">1.33</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2.03837%"> </td> </tr> </table> </div> </div>

0.67

786346

0.15

0.75

3198335

0.42

2.5

800000

1.23

4000000

1.25

102200

1.25

2.6

7895000

1.84

1.9

394740

1.84

17176621

1.33

3956250

1582500

30990280

4381144

2.17

0.20 0.25

<div> <div> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:0.75pt solid #000000;border-top:1.5pt solid #000000;vertical-align:bottom;white-space:nowrap;padding-left:15pt;padding-right:5pt"> </td> <td colspan="1" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td colspan="4" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap">July 31, 2026</td> <td colspan="1" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td colspan="1" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td colspan="4" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap">July 31, 2025</td> <td colspan="1" style="vertical-align:bottom;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:justify;padding-left:15pt;white-space:nowrap;padding-right:5pt"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Weighted Average</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Weighted average</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:15pt;white-space:nowrap;padding-right:5pt"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Number of</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Exercise</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Number of</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Exercise</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:15pt;white-space:nowrap;padding-right:5pt"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Options</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Price</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Options</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Price</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:15pt;background-color:#e6efff;padding-right:5pt">Balance, beginning of year</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">7,250,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">0.629</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">2,250,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">0.138</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:15pt;padding-right:5pt">Exercised</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(174,000</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">0.850</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:15pt;background-color:#e6efff;padding-right:5pt">Granted</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">3,335,000</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">2.135</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">5,000,000</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">0.850</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;padding-left:15pt;padding-right:5pt">Balance, end of year</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:12%">10,411,000</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:12%">1.108</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:12%">7,250,000</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:12%">0.629</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> </tr> </table> </div> </div>

7250000

0.629

2250000

0.138

174000

0.85

3335000

2.135

5000000

0.85

10411000

1.108

7250000

0.629

<div> <div> <div> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-top:1.5pt solid #000000;vertical-align:bottom;white-space:nowrap;padding-left:15pt;padding-right:5pt"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;padding-left:7.6pt;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap">Number of</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap">Number of</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap">Weighted Average</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:15pt;white-space:nowrap;padding-right:5pt"> </td> <td style="vertical-align:bottom;text-align:right;padding-left:7.6pt;white-space:nowrap">Exercise</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Options</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Options</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">Remaining Contractual</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:15pt;white-space:nowrap;padding-right:5pt">Expiry Date</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;padding-left:7.6pt;white-space:nowrap">Price</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Exercisable</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Outstanding</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Life (Years)</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff;padding-left:15pt;padding-right:5pt">April 26, 2029</td> <td style="vertical-align:bottom;background-color:#e6efff;text-align:right">$0.133</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">1,950,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">1,950,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">2.74</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:15pt;padding-right:5pt">May 8, 2029</td> <td style="vertical-align:bottom;text-align:right">$0.167</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">300,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">300,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">2.77</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff;padding-left:15pt;padding-right:5pt">March 14, 2030</td> <td style="vertical-align:bottom;background-color:#e6efff;text-align:right">$0.850</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">4,826,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">4,826,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">3.62</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:15pt;padding-right:5pt">September 8, 2030</td> <td style="vertical-align:bottom;text-align:right">$1.970</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">1,161,600</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">1,760,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">4.11</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff;padding-left:15pt;padding-right:5pt">October 22, 2027</td> <td style="vertical-align:bottom;background-color:#e6efff;text-align:right">$3.820</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">50,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">50,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">1.23</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:15pt;padding-right:5pt">December 5, 2029</td> <td style="vertical-align:bottom;text-align:right">$2.500</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">75,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">75,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">3.35</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff;padding-left:15pt;padding-right:5pt">January 30, 2028</td> <td style="vertical-align:bottom;background-color:#e6efff;text-align:right">$2.750</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">200,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">200,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">1.50</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:15pt;padding-right:5pt">May 7, 2031</td> <td style="vertical-align:bottom;text-align:right">$2.180</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">750,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">4.77</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff;padding-left:15pt;padding-right:5pt">May 7, 2028</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;background-color:#e6efff;text-align:right">$2.180</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">500,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">1.77</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td colspan="1" style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;padding-left:5pt;padding-right:5pt">Total</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:15%">8,562,600</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:15%">10,411,000</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:15%">3.45</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> </tr> </table> </div> </div> </div>

0.133

1950000

P2Y8M26D

0.167

300000

P2Y9M7D

0.85

4826000

P3Y7M13D

1.97

1161600

1760000

P4Y1M9D

3.82

50000

P1Y2M23D

2.5

75000

P3Y4M6D

2.75

200000

P1Y6M

2.18

750000

P4Y9M7D

2.18

500000

P1Y9M7D

8562600

10411000

P3Y5M12D

5000000

0.85

5 years

The options vest as to 33% on the date that is four months from the grant date, 33% on the date that is eight months from the grant date and 34% on the date that is twelve months from the grant date.

1760000

1.97

5 years

The options vest as to 33% on the date that is four months from the grant date, 33% on the date that is eight months from the grant date and 34% on the date that is twelve months from the grant date.

50000

3.82

2 years

The options vested upon the Company's successful listing on the EuroNext exchange.

75000

2.5

4 years

The options vest in six months from the date of grant.

200000

2.75

2 years

The options vested immediately.

1250000

2.18

750000

five years

vest as to 33% four months from the date of grant, 33% eight months from the date of grant, and 34% twelve months from the date of grant

500000

two years

vest in full on October 7, 2026

174000

147900

-133808

2.67

<table cellpadding="0" cellspacing="0" style="width:70%;border-collapse:collapse;font-size:10pt;border-color:#000000;margin-left:auto;margin-right:auto"> <tr> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;padding-left:15pt;padding-right:5pt;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap">Number of</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:15pt;padding-right:5pt;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">RSUs</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;padding-left:15pt;background-color:#e6efff;padding-right:5pt">Balance, July 31, 2024 and 2025</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:22%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:15pt;padding-right:5pt">Granted</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:22%">2,835,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:15pt;background-color:#e6efff;padding-right:5pt">Exercised</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:22%;background-color:#e6efff">(50,000</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;padding-left:15pt;padding-right:5pt">Balance, July 31, 2026</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:22%">2,785,000</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> </tr> </table>

2835000

50000

2785000

<table cellpadding="0" cellspacing="0" style="width:80%;border-collapse:collapse;font-size:10pt;border-color:#000000;margin-left:auto;margin-right:auto"> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-top:1.5pt solid #000000;vertical-align:bottom;white-space:nowrap;padding-left:15pt;padding-right:5pt"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap">Number of</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap">Number of</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;width:25%;white-space:nowrap">Weighted Average</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:15pt;white-space:nowrap;padding-right:5pt"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">RSUs</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">RSUs</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;width:25%;white-space:nowrap">Remaining Contractual</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:15pt;white-space:nowrap;padding-right:5pt">Expiry Date</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Vested*</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap">Outstanding</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:25%;white-space:nowrap">Life (Years)</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff;padding-left:15pt;padding-right:5pt">December 31, 2028</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">25,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:15%;background-color:#e6efff">1,685,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:25%;background-color:#e6efff">2.42</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:15pt;padding-right:5pt">December 31, 2029</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:15%">1,100,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:25%">3.42</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td colspan="1" style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;padding-left:5pt;background-color:#e6efff;padding-right:5pt">Total</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:15%;background-color:#e6efff">25,000</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:15%;background-color:#e6efff">2,785,000</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:25%;background-color:#e6efff">2.82</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> </table>

25000

1685000

2.42

1100000

3.42

25000

2785000

2.82

1660000

vest as to one quarter every four months from the grant date. On January 8, 2026, the vesting dates of these RSUs was amended to 25% on May 8, 2026, 25% on September 8, 2026, 25% on January 8, 2027, and 25% on May 8, 2027. The Company adjusted stock-based compensation accordingly for this amendment. On May 8, 2026, the vesting dates of these RSUs was further amended to 25% on September 8, 2026, 25% on January 8, 2027, 25% on May 8, 2027, and 25% on September 8, 2027.

50000

vested upon the successful listing by the Company on EuroNext

25000

vest six months from the grant date

750000

vest as to 50% in one year and 50% in two years from the grant date.

350000

vest as to one quarter every four months from the grant date.

50000 50000 0

<table border="0" style="width:100%;border-collapse:collapse;font-size:10pt"> <tr> <td style="padding-left:4pt;padding-right:4pt;border-bottom:0.75pt solid #000000;text-align:center"> </td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:0.75pt solid #000000;text-align:center">May 7, 2026</td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:0.75pt solid #000000;text-align:center">Jan 30, 2026</td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:0.75pt solid #000000;text-align:center">Dec 5, 2025</td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:0.75pt solid #000000;text-align:center">Oct 22, 2025</td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:0.75pt solid #000000;text-align:center">Sept 8, 2025</td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:0.75pt solid #000000;text-align:center">Mar 14, 2025</td> </tr> <tr> <td style="padding-left:4pt;padding-right:4pt;background-color:#e6efff">Risk-free interest rate</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">3.08%</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">2.56%</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">3.01%</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">2.38%</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">2.77%</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">2.72%</td> </tr> <tr> <td style="padding-left:4pt;padding-right:4pt">Expected stock price volatility</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center">119%</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center">105%</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center">144%</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center">105%</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center">168%</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center">184%</td> </tr> <tr> <td style="padding-left:4pt;padding-right:4pt;background-color:#e6efff">Expected option life in years</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">3.8 years</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">2 years</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">4 years</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">2 years</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">5 years</td> <td style="padding-left:4pt;padding-right:4pt;text-align:center;background-color:#e6efff">5 years</td> </tr> <tr> <td style="padding-left:4pt;padding-right:4pt;border-bottom:1.5pt solid #000000">Dividend rate</td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:1.5pt solid #000000;text-align:center">Nil</td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:1.5pt solid #000000;text-align:center">Nil</td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:1.5pt solid #000000;text-align:center">Nil</td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:1.5pt solid #000000;text-align:center">Nil</td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:1.5pt solid #000000;text-align:center">Nil</td> <td style="padding-left:4pt;padding-right:4pt;border-bottom:1.5pt solid #000000;text-align:center">Nil</td> </tr> </table>

0.0308

0.0256

0.0301

0.0238

0.0277

0.0272

1.19

1.05

1.44

1.05

1.68

1.84

3.8

2591294

5622044

3545202

9. TRANSACTIONS WITH KEY MANAGEMENT AND RELATED PARTIES Key management personnel include directors and officers who have the authority and responsibility for the planning, directing, and controlling the activities of the Company. The terms and conditions of these transactions with key management and related parties were no more favourable than those available, or which might reasonably be expected to be available, for similar transactions with an arm's length party. During the years ended July 31, 2026 and 2025, the Company incurred the following with key management: <div></div> <div style="margin-left:18pt"> <table border="0" style="width:70%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="vertical-align:bottom;text-align:right;border-top:1.5pt solid #000000;white-space:nowrap;padding-left:4pt"> </td> <td style="vertical-align:bottom;text-align:right;border-top:1.5pt solid #000000;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;border-top:1.5pt solid #000000;white-space:nowrap">Year ended</td> <td style="vertical-align:bottom;text-align:right;border-top:1.5pt solid #000000;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;border-top:1.5pt solid #000000;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;border-top:1.5pt solid #000000;white-space:nowrap">Year ended</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;padding-left:4pt"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">July 31, 2026</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">July 31, 2025</td> <td style="vertical-align:bottom;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:right;border-bottom:0.75pt solid #000000;white-space:nowrap;padding-left:4pt"> </td> <td style="vertical-align:bottom;text-align:right;border-bottom:0.75pt solid #000000;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;border-bottom:0.75pt solid #000000;white-space:nowrap">$</td> <td style="vertical-align:bottom;text-align:right;border-bottom:0.75pt solid #000000;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;border-bottom:0.75pt solid #000000;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;border-bottom:0.75pt solid #000000;white-space:nowrap">$</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff;padding-left:4pt">Administrative fees (1)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">180,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">180,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:4pt">Advertising and promotion (1)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">125,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">150,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff;padding-left:4pt">Exploration costs (2)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">2,444,454</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">410,149</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:4pt">Consulting fees (3)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">220,238</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">16,887</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff;padding-left:4pt">Property acquisition costs (4)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">-</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">30,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:4pt">Wages and benefits (5)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">99,600</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">17,500</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff;padding-left:4pt">Stock-based compensation (6)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">6,568,853</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">2,209,382</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:4pt">Total</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">9,638,145</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">3,013,918</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> </table> </div> (1) The Company continues to renew 12-month Management Services Agreements (“MSA”) with Zimtu Capital Corp. (“Zimtu”). Sean Charland is an officer and director of Zimtu, as well as an officer and director of the Company. Jody Bellefleur is an officer of Zimtu, as well as an officer and director of the Company. Under the terms of the MSA, Zimtu provides the Company with administrative and managerial services, including corporate maintenance, continuous disclosure services, rent, and administrative services, at a rate of $15,000 per month. The Company also incurred $125,000 in fees to Zimtu for the year ended July 31, 2026, ($150,000 – year ended July 31, 2025) for advertising and promotion services. On August 18, 2026, the Company renewed the service agreement for advertising and promotion services with Zimtu for an additional 12 months at a cost of $15,000 per month. (2) Amounts incurred to Dahrouge Geological Consulting Ltd. (“Dahrouge”) and included in exploration and evaluation assets. Jody Dahrouge is a principal at Dahrouge as well as a director with the Company. (3) Amounts incurred to Dahrouge, Kaiben Geological Ltd., and EBC Consulting Group Ltd. for consulting services. Jody Dahrouge is a principal at Dahrouge as well as a director with the Company. Darren Smith is a majority owner at Kaiben Geological Ltd. and a director of the Company. Joness Lang is a majority owner at EBC Consulting Group Ltd. and a director and officer of the Company. (4) Amounts paid to Dahrouge, and included in exploration and evaluation assets. Jody Dahrouge is a principal at Dahrouge as well as a director with the Company. (5) Salaries paid to Nathan Steinke (year ended July 31, 2026 – $69,600 and year ended July 31, 2025 - $Nil) and Sean Charland (year ended July 31, 2026 - $30,000 and year ended July 31, 2025 - $17,500). Nathan Steinke is an officer of the Company and Sean Charland is an officer and director of the Company. (6) Non-cash amounts related to options and RSUs granted to directors and officers. The following table shows amounts due to related parties at the applicable date: <div style="margin-left:18pt"> <table border="0" style="width:90%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid rgb(0, 0, 0);margin-top:0pt;margin-bottom:0pt"> July 31, 2026 </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid rgb(0, 0, 0);margin-top:0pt;margin-bottom:0pt"> July 31, 2025 </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">Dahrouge</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">470,601</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">300,596</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom">EBC Consulting Group Ltd.</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">23,195</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">-</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr style="background-color:rgb(230, 239, 255)"> <td style="vertical-align:bottom;background-color:rgb(230, 239, 255)">Kaiben Geological Ltd.</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:rgb(230, 239, 255)">6,214</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:rgb(230, 239, 255)">-</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:rgb(230, 239, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);background-color:rgb(255, 255, 255)">Zimtu</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid rgb(0, 0, 0);background-color:rgb(255, 255, 255)">136,133</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid rgb(0, 0, 0);background-color:rgb(255, 255, 255)">42,965</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(230, 239, 255)"> <td style="vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(230, 239, 255)">Total</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(230, 239, 255)">636,143</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(230, 239, 255)">343,561</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(230, 239, 255)"> </td> </tr> </table> </div> As of July 31, 2026, the Company has prepaid $62,676 to Dahrouge for exploration programs (July 31, 2025 - $67,000). As at July 31, 2026, included in amounts receivable was $48,961 advanced to Sean Charland (July 31, 2025 - $Nil). The amounts due to related parties are unsecured, non-interest bearing, and have no specific terms of repayment. <div></div> Agreements with Key management Mr. Sean Charland The Company and Mr. Charland entered into an executive employment agreement dated November 25, 2025, pursuant to which the Company employs Mr. Charland as President and CEO on an indefinite term. Compensation includes a $250,000 annual base salary (the excess over current salary paid has been voluntarily forfeited to July 31, 2026 without waiving future salary). If Mr. Charland is terminated without cause, he will be entitled to no less than the minimum entitlements under the Employment Standards Act (British Columbia), plus 12 months' notice or salary in lieu per year of service up to a 36-month cap, with no bonus payable during the notice period. The agreement provides for a transaction bonus if he leads and completes a sale transaction or other transaction resulting in a change of control, equal to 1.0% on transaction value over $50,000,000 and 1.5% on the portion exceeding $250,000,000, calculated on aggregate gross consideration, subject to continued employment at closing unless his employment is terminated by the Company without cause or by Mr. Charland for good reason within six months prior to the closing of such transaction, in which case Mr. Charland will remain entitled to the transaction bonus. Mr. Charland will also remain entitled to the transaction bonus if he is terminated by the Company without cause within six months after a change of control. Mr. Joness Lang The Company, Mr. Lang and EBC Consulting Group Ltd. ("EBC"), a company owned and controlled by Mr. Lang, entered into an executive services agreement dated February 15, 2026, pursuant to which the Company engaged EBC as a consultant and appointed Mr. Lang as Executive Vice-President, Growth Strategy on an indefinite term. Compensation includes a $144,000 annual consulting fee (monthly consulting fee of $12,000). If Mr. Lang is terminated without cause, he will be entitled to 12 months’ notice or fees in lieu per year of service up to a 36‑month cap, with no bonus payable during the notice period. The agreement provides for a transaction bonus if he leads and completes a sale transaction or other transaction resulting in a change of control, equal to 0.5% on transaction value over $50,000,000 and 0.75% on the portion exceeding $250,000,000, calculated on aggregate gross consideration, subject to continued engagement at closing unless the agreement is terminated by the Company without cause or by Mr. Lang for good reason within six months prior to the closing of such transaction, in which case Mr. Lang will remain entitled to the transaction bonus. Mr. Lang will also remain entitled to the transaction bonus if he is terminated by the Company without cause within six months after a change of control. Mr. Nathan Steinke The Company and Mr. Steinke entered into an executive employment agreement dated February 1, 2026, pursuant to which the Company employs Mr. Steinke as CFO on an indefinite term. Compensation includes a $144,000 annual base salary. If Mr. Steinke is terminated without cause, he will be entitled to no less than the minimum entitlements under the Employment Standards Act (British Columbia), plus 12 months’ notice or salary in lieu per year of service up to a 36‑month cap, with no bonus payable during the notice period.

<table border="0" style="width:70%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="vertical-align:bottom;text-align:right;border-top:1.5pt solid #000000;white-space:nowrap;padding-left:4pt"> </td> <td style="vertical-align:bottom;text-align:right;border-top:1.5pt solid #000000;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;border-top:1.5pt solid #000000;white-space:nowrap">Year ended</td> <td style="vertical-align:bottom;text-align:right;border-top:1.5pt solid #000000;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;border-top:1.5pt solid #000000;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;border-top:1.5pt solid #000000;white-space:nowrap">Year ended</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;padding-left:4pt"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">July 31, 2026</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap">July 31, 2025</td> <td style="vertical-align:bottom;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:right;border-bottom:0.75pt solid #000000;white-space:nowrap;padding-left:4pt"> </td> <td style="vertical-align:bottom;text-align:right;border-bottom:0.75pt solid #000000;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;border-bottom:0.75pt solid #000000;white-space:nowrap">$</td> <td style="vertical-align:bottom;text-align:right;border-bottom:0.75pt solid #000000;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;border-bottom:0.75pt solid #000000;white-space:nowrap"> </td> <td style="vertical-align:bottom;text-align:right;border-bottom:0.75pt solid #000000;white-space:nowrap">$</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;white-space:nowrap"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff;padding-left:4pt">Administrative fees (1)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">180,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">180,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:4pt">Advertising and promotion (1)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">125,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">150,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff;padding-left:4pt">Exploration costs (2)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">2,444,454</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">410,149</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:4pt">Consulting fees (3)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">220,238</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">16,887</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff;padding-left:4pt">Property acquisition costs (4)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">-</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">30,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:4pt">Wages and benefits (5)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">99,600</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">17,500</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff;padding-left:4pt">Stock-based compensation (6)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">6,568,853</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">2,209,382</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:4pt">Total</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">9,638,145</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">3,013,918</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> </table>

180000 180000 125000 150000 2444454 410149 220238 16887 0 30000

99600

17500

6568853

2209382

9638145

3013918

15000 125000 150000 15000 69600 0 30000 17500 <table border="0" style="width:90%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid rgb(0, 0, 0);margin-top:0pt;margin-bottom:0pt"> July 31, 2026 </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid rgb(0, 0, 0);margin-top:0pt;margin-bottom:0pt"> July 31, 2025 </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">Dahrouge</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">470,601</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">300,596</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom">EBC Consulting Group Ltd.</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">23,195</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">-</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr style="background-color:rgb(230, 239, 255)"> <td style="vertical-align:bottom;background-color:rgb(230, 239, 255)">Kaiben Geological Ltd.</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:rgb(230, 239, 255)">6,214</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:rgb(230, 239, 255)">-</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:rgb(230, 239, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);background-color:rgb(255, 255, 255)">Zimtu</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid rgb(0, 0, 0);background-color:rgb(255, 255, 255)">136,133</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid rgb(0, 0, 0);background-color:rgb(255, 255, 255)">42,965</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(230, 239, 255)"> <td style="vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(230, 239, 255)">Total</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(230, 239, 255)">636,143</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(230, 239, 255)"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(230, 239, 255)">343,561</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(230, 239, 255)"> </td> </tr> </table>

470601

300596

23195

6214

136133

42965

636143

343561

62676 67000

48961

250000

equal to 1.0% on transaction value over $50,000,000 and 1.5% on the portion exceeding $250,000,000 144000 12000 equal to 0.5% on transaction value over $50,000,000 and 0.75% on the portion exceeding $250,000,000

144000

<div> 10. FINANCIAL INSTRUMENTS The Company's risk management policies are established to identify and analyze the risks faced by the Company, to set appropriate risk limits and controls, and to monitor risks and adherence to market conditions and the Company's activities. The Company has exposure to credit risk, liquidity risk and market risk as a result of its use of financial instruments. This note presents information about the Company's exposure to each of the above risks and the Company's objectives, policies and processes for measuring and managing these risks. Further quantitative disclosures are included throughout these financial statements. <div style="margin-top:13.3333px;margin-bottom:0px"></div> The Board of Directors has overall responsibility for the establishment and oversight of the Company's risk management framework. The Board has implemented and monitors compliance with risk management policies as set out herein: a) Credit Risk Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations. The Company’s cash and receivables are subject to credit risk for a maximum of the amounts shown on the consolidated statements of financial position. The Company limits its exposure to credit loss by placing its cash with high credit quality financial institutions. The following table shows the Company’s cash holdings at the applicable dates: <div style="margin-left:36pt"> <table border="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid rgb(0, 0, 0);margin-top:0pt;margin-bottom:0pt"> July 31, 2026 </td> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid rgb(0, 0, 0);text-align:right"> </td> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid rgb(0, 0, 0);text-align:right"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid rgb(0, 0, 0);margin-top:0pt;margin-bottom:0pt"> July 31, 2025 </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">Cash at banks</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">8,279,615</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">5,542,504</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000">Short-term GIC</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">6,707,375</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">-</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:1.5pt solid #000000;background-color:#e6efff">Total cash and cash equivalents</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid #000000;background-color:#e6efff">14,986,990</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid #000000;background-color:#e6efff">5,542,504</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> </tr> </table> </div> The following table shows the Company’s amounts receivable at the applicable dates: <div style="margin-left:36pt"> <table border="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid rgb(0, 0, 0);margin-top:0pt;margin-bottom:0pt"> July 31, 2026 </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> July 31, 2025 </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">GST/QST due from the Canadian governments</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">159,005</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">119,744</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom">Accrued interest on short-term GIC</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">28,300</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">-</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;background-color:#e6efff">Due from related party (note 9)</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">48,961</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">-</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:1.5pt solid #000000">Total amounts receivable</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid #000000">236,266</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid #000000">119,744</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid #000000"> </td> </tr> </table> </div> The Company considers credit risk on its receivables to be minimal as they are primarily due from Canadian governments and large institutions. b) Liquidity Risk Liquidity risk is the risk that the Company will incur difficulties meeting its financial obligations as they are due. The Company's approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions without incurring unacceptable losses or risking harm to the Company's reputation. As of July 31, 2026, the Company has total current liabilities of $4,182,080 (July 31, 2025: $1,336,460). The Company has sufficient working capital to fund these liabilities. c) Market Risk Market risk consists of currency risk, commodity price risk and interest rate risk. The objective of market risk management is to manage and control market risk exposures within acceptable limits, while maximizing returns. I. Foreign Currency Risk and Sensitivity Analysis Foreign currency exchange rate risk is the risk that the fair value or future cash flows will fluctuate as a result of changes in foreign exchange rates. The Company is exposed to foreign currency risk on fluctuations related to items that are denominated in US dollars. As at July 31, 2026, net financial assets (liabilities) totaling $(2,334,739) (July 31, 2025 – $Nil) were denominated in USD. The Company has not entered into any derivatives or contracts to hedge or otherwise mitigate this exposure. Based on the above net exposure as at July 31, 2026 and assuming all other variables remain constant, a 2% depreciation or appreciation of the US dollar against the Canadian dollar would result in an increase or decrease of approximately $47,000 in the Company’s consolidated statement of loss. II. Commodity Price Risk Commodity price risk is the risk that the fair value of future cash flows will fluctuate as a result of changes in commodity prices. Commodity prices for minerals are impacted by world economic events that dictate the levels of supply and demand as well as the relationship between the Canadian and United States dollar. As the Company has not yet developed commercial mineral interests, it is not exposed to commodity price risk at this time. <div style="margin-top:14.4px;margin-bottom:0px"></div> III. Interest Rate Risk Interest rate risk is the risk that future cash flows will fluctuate as a result of changes in market interest rates. The Company is not exposed to interest rate risk as the Company had no variable interest rate bearing items as at July 31, 2026. d) Fair Value Financial instruments measured at fair value are classified into one of three levels in the fair value hierarchy according to the relative reliability of the inputs used to estimate the fair values. The three levels of the fair value hierarchy are: <ul style="padding-left:0pt;margin-top:0pt;list-style-type:disc"> <li style="margin-left:54.6pt;text-align:justify;padding-left:8.4pt">Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities;</li> <li style="margin-left:54.6pt;text-align:justify;padding-left:8.4pt">Level 2 - Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly; and</li> <li style="margin-left:54.6pt;text-align:justify;padding-left:8.4pt">Level 3 - Inputs that are not based on observable market data.</li> </ul> The following table summarizes the carrying and hierarchy level for the Company’s financial instruments: <div style="margin-left:52pt"> <table border="0" style="width:90%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center">Item</td> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center"> Hierarchy valuation level </td> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center"> </td> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;margin-top:0pt;margin-bottom:0pt"> July 31, 2026 </td> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center"> </td> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center"> </td> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center"> July 31, 2025 </td> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">Cash</td> <td style="vertical-align:bottom;background-color:#e6efff">Level 1</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">14,986,990</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">5,542,504</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom">Receivables </td> <td style="vertical-align:bottom">Level 1</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">236,266</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">119,744</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">Marketable securities </td> <td style="vertical-align:bottom;background-color:#e6efff">Level 1</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">500,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">312,500</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom">Reclamation bonds </td> <td style="vertical-align:bottom">Level 1</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">127,696</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">33,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">Accounts payable and accrued liabilities </td> <td style="vertical-align:bottom;background-color:#e6efff">Level 1</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">3,545,937</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">980,596</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom">Due to related parties </td> <td style="vertical-align:bottom">Level 1</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">636,143</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">343,561</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> </table> </div> <div style="margin-left:0px"> </div> e) Capital Management The Company defines capital as share capital. The Company’s targeted capital structure at July 31, 2026 is 100% share capital, as management believes that such a capital structure is most suitable for an early-stage company. The Company’s objectives when managing capital are to safeguard the Company’s ability to continue as a going concern and to maintain a flexible capital structure which will allow it to pursue the exploration of its mineral properties. Therefore, the Company monitors the level of risk incurred in its mineral property expenditures relative to its capital structure. The Company monitors its capital structure and may make adjustments in light of changes in economic conditions and the risk characteristics of the underlying assets. The Company is not subject to any externally imposed capital requirements and there were no changes in the Company’s approach to capital management during the year ended July 31, 2026. </div>

<table border="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid rgb(0, 0, 0);margin-top:0pt;margin-bottom:0pt"> July 31, 2026 </td> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid rgb(0, 0, 0);text-align:right"> </td> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid rgb(0, 0, 0);text-align:right"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid rgb(0, 0, 0);margin-top:0pt;margin-bottom:0pt"> July 31, 2025 </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">Cash at banks</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">8,279,615</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">5,542,504</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000">Short-term GIC</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">6,707,375</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">-</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:1.5pt solid #000000;background-color:#e6efff">Total cash and cash equivalents</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid #000000;background-color:#e6efff">14,986,990</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid #000000;background-color:#e6efff">5,542,504</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> </tr> </table>

8279615

5542504

6707375

14986990

5542504

<table border="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid rgb(0, 0, 0);margin-top:0pt;margin-bottom:0pt"> July 31, 2026 </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> July 31, 2025 </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">GST/QST due from the Canadian governments</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">159,005</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">119,744</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom">Accrued interest on short-term GIC</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">28,300</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">-</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;background-color:#e6efff">Due from related party (note 9)</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">48,961</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">-</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:1.5pt solid #000000">Total amounts receivable</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid #000000">236,266</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid #000000">119,744</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid #000000"> </td> </tr> </table>

159005

119744

28300

48961

236266

119744

4182080

1336460

2334739 0 0.02

47000

<table border="0" style="width:90%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center">Item</td> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center"> Hierarchy valuation level </td> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center"> </td> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid rgb(0, 0, 0);border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;margin-top:0pt;margin-bottom:0pt"> July 31, 2026 </td> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center"> </td> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center"> </td> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center"> July 31, 2025 </td> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid #000000;border-bottom:0.75pt solid #000000;text-align:center"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">Cash</td> <td style="vertical-align:bottom;background-color:#e6efff">Level 1</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">14,986,990</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">5,542,504</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom">Receivables </td> <td style="vertical-align:bottom">Level 1</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">236,266</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">119,744</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">Marketable securities </td> <td style="vertical-align:bottom;background-color:#e6efff">Level 1</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">500,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">312,500</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom">Reclamation bonds </td> <td style="vertical-align:bottom">Level 1</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">127,696</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">33,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">Accounts payable and accrued liabilities </td> <td style="vertical-align:bottom;background-color:#e6efff">Level 1</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">3,545,937</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">980,596</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom">Due to related parties </td> <td style="vertical-align:bottom">Level 1</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">636,143</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">343,561</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> </table>

14986990

5542504

236266

119744

500000 312500 127696 33000

3545937

980596

636143

343561

1 <div> <div> 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). <div style="margin-top:0px;margin-bottom:0px"></div> 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: </div> <div style="margin-left:18pt"> <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-top:1.5pt solid #000000;vertical-align:bottom;white-space:nowrap;padding-left:5pt;padding-right:5pt"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:center;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;margin-top:0pt;margin-bottom:0pt"> Issued on September 24, 2024 </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:center;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:center;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;margin-top:0pt;margin-bottom:0pt"> Issued on February 21, 2025 </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:center;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:center;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:center;white-space:nowrap"> Total</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:center;white-space:nowrap"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;padding-left:5pt;padding-right:5pt"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap">$</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap">$</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap">$</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff;padding-left:5pt;padding-right:5pt">Balance, July 31, 2024</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:5pt;padding-right:5pt">Liability incurred on flow-through shares issued</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">96,646</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">61,224</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">157,870</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:0.75pt solid #000000;vertical-align:bottom;background-color:#e6efff;padding-left:5pt;padding-right:5pt">Settlement of flow-through share liability on incurred expenses</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(96,646</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(48,921</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(145,567</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:0.75pt solid #000000;vertical-align:bottom;padding-left:5pt;padding-right:5pt">Balance, July 31, 2025</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:12%">12,303</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:12%">12,303</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:0.75pt solid #000000;vertical-align:bottom;background-color:#e6efff;padding-left:5pt;padding-right:5pt">Settlement of flow-through share liability on incurred expenses</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">(12,303</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">(12,303</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:1.5pt solid #000000;vertical-align:bottom;padding-left:5pt;padding-right:5pt">Balance, July 31, 2026</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> </tr> </table> </div> </div>

906346

0.433

392750

1530612

0.98

1500000

1397429

800000

1600000

1475000 <table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-top:1.5pt solid #000000;vertical-align:bottom;white-space:nowrap;padding-left:5pt;padding-right:5pt"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:center;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;margin-top:0pt;margin-bottom:0pt"> Issued on September 24, 2024 </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:center;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:center;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;margin-top:0pt;margin-bottom:0pt"> Issued on February 21, 2025 </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:center;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:center;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:center;white-space:nowrap"> Total</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000;text-align:center;white-space:nowrap"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;padding-left:5pt;padding-right:5pt"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap">$</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap">$</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap">$</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;background-color:#e6efff;padding-left:5pt;padding-right:5pt">Balance, July 31, 2024</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;vertical-align:bottom;padding-left:5pt;padding-right:5pt">Liability incurred on flow-through shares issued</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">96,646</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">61,224</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">157,870</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:0.75pt solid #000000;vertical-align:bottom;background-color:#e6efff;padding-left:5pt;padding-right:5pt">Settlement of flow-through share liability on incurred expenses</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(96,646</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(48,921</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(145,567</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:0.75pt solid #000000;vertical-align:bottom;padding-left:5pt;padding-right:5pt">Balance, July 31, 2025</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:12%">12,303</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:right;width:12%">12,303</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;text-align:left;width:2%"> </td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:0.75pt solid #000000;vertical-align:bottom;background-color:#e6efff;padding-left:5pt;padding-right:5pt">Settlement of flow-through share liability on incurred expenses</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">(12,303</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12%;background-color:#e6efff">(12,303</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="margin-top:0pt;margin-bottom:0pt;border-bottom:1.5pt solid #000000;vertical-align:bottom;padding-left:5pt;padding-right:5pt">Balance, July 31, 2026</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000;text-align:left;width:2%"> </td> </tr> </table> 0 0 0 96646 61224 157870 96646 48921 145567 0 12303 12303 0 12303 12303 0 0 0 <div> 12. ADVERTISING AND PROMOTION In July 2024, the Company engaged an unrelated third party to assist with a significant investor relations campaign with respect to its mining assets. During the year ended July 31, 2026 the Company has incurred $2,500,000 (year ended July 31, 2025 - $1,100,000) in relation to the campaign. On August 17, 2026, the Company extended the investor relations agreement, whereby the Company agreed to pay $1,000,000 commencing August 17, 2026 for a three-month term, $500,000 of which as was paid to October 29, 2026. </div> 2500000 1100000 1000000 500000

13. CORPORATE INCOME TAXES The Company is subject to income taxes in Canada and the United States. The reconciliation of the income tax provision computed at the statutory rate is as follows: <div style="margin-left:18pt"> <table border="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000">2026</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000">2025</td> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;white-space:nowrap;border-bottom:0.75pt solid #000000">Rounded to nearest thousand</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;white-space:nowrap;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">Net loss before tax</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">(13,990,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff">)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">(4,089,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid black">Statutory tax rate</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid black"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid black">27.00%</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid black"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid black"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid black">27.00%</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid black"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">Expected income tax recovery</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">(3,777,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff">)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">(1,104,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom">Net adjustments for deductible and non-deductible amounts</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">2,151,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">640,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">Flow through expenses renounced</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">452,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">430,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom">True-up for prior year balance</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">(30,000</td> <td style="vertical-align:bottom;width:2%;text-align:left">)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">74,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;background-color:#e6efff">Change in valuation allowance</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">1,204,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">(40,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000">Deferred income tax recovery</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">-</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">-</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> </table> </div> <div style="margin-top:0px;margin-bottom:0px"></div> There are no deferred tax assets/(liabilities) presented in the statement of financial position. Deductible temporary differences, unused tax losses and unused tax credits for which no deferred tax assets/ (liabilities) have been recognized are attributable to the following: <div style="margin-left:18pt"> <table border="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="vertical-align:bottom;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;border-top:1.5pt solid #000000">2026</td> <td style="vertical-align:bottom;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;border-top:1.5pt solid #000000">2025</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000">Rounded to nearest thousand</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">Non-capital loss carry-forwards</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">2,231,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">892,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom">Exploration and evaluation assets</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">(834,000</td> <td style="vertical-align:bottom;width:2%;text-align:left">)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">(442,000</td> <td style="vertical-align:bottom;width:2%;text-align:left">)</td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">Marketable securities</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">(32,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff">)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">(14,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000">Share issue costs</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">297,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">22,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;background-color:#e6efff">Total</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">1,662,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">458,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> </tr> </table> </div> The Company has non-capital losses available for Canadian income tax purposes which may be carried forward to reduce taxable income in future years. Currently the Company has negligible non-capital losses of $3,000 in the United States. If not utilized, the Canadian non-capital losses of approximately $8,263,000 expire as follows: <div style="margin-left:48pt"> <div> <table border="0" style="width:40%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="vertical-align:bottom;text-align:center;border-bottom:0.75pt solid #000000;border-top:1.5pt solid #000000">Year of Expiry</td> <td style="vertical-align:bottom;text-align:center;border-bottom:0.75pt solid #000000;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:center;border-bottom:0.75pt solid #000000;border-top:1.5pt solid #000000">$</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;border-top:1.5pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:center;background-color:#e6efff">2039</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:37%;text-align:right;background-color:#e6efff">133,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:center">2040</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:37%;text-align:right">29,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:center;background-color:#e6efff">2041</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:37%;text-align:right;background-color:#e6efff">373,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:center">2042</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:37%;text-align:right">125,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:center;background-color:#e6efff">2043</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:37%;text-align:right;background-color:#e6efff">418,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:center">2044</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:37%;text-align:right">417,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:center;background-color:#e6efff">2045</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:37%;text-align:right;background-color:#e6efff">1,671,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:center;border-bottom:0.75pt solid #000000">2046</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:37%;text-align:right;border-bottom:0.75pt solid #000000">5,097,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:center;border-bottom:1.5pt solid #000000;background-color:#e6efff">Total</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:37%;text-align:right;border-bottom:1.5pt solid #000000;background-color:#e6efff">8,263,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> </tr> </table> </div> </div> The Company has unclaimed Canadian resource pools at July 31, 2026 of approximately $4,142,000 (July 31, 2025 - $1,195,000), which do not expire and may be deducted against future taxable income of the parent company on a discretionary basis. The Company has unclaimed United States resource pools at July 31, 2026 of approximately $14,233,000 (July 31, 2025 - $Nil), which do not expire and may be deducted against future taxable income of its subsidiary on a discretionary basis.

<table border="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000">2026</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-top:1.5pt solid #000000">2025</td> <td style="vertical-align:bottom;white-space:nowrap;border-top:1.5pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;white-space:nowrap;border-bottom:0.75pt solid #000000">Rounded to nearest thousand</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;white-space:nowrap;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">Net loss before tax</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">(13,990,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff">)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">(4,089,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid black">Statutory tax rate</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid black"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid black">27.00%</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid black"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid black"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid black">27.00%</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid black"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">Expected income tax recovery</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">(3,777,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff">)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">(1,104,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom">Net adjustments for deductible and non-deductible amounts</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">2,151,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">640,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">Flow through expenses renounced</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">452,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">430,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom">True-up for prior year balance</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">(30,000</td> <td style="vertical-align:bottom;width:2%;text-align:left">)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">74,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;background-color:#e6efff">Change in valuation allowance</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">1,204,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">(40,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000">Deferred income tax recovery</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">-</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">-</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> </table>

-13990000000

-4089000000

0.27

-3777000000

-1104000000

2151000000 640000000 452000000 430000000 -30000000 74000000 1204000000 -40000000

<table border="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="vertical-align:bottom;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;border-top:1.5pt solid #000000">2026</td> <td style="vertical-align:bottom;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;border-top:1.5pt solid #000000">2025</td> <td style="vertical-align:bottom;border-top:1.5pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000">Rounded to nearest thousand</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">Non-capital loss carry-forwards</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">2,231,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">892,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom">Exploration and evaluation assets</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">(834,000</td> <td style="vertical-align:bottom;width:2%;text-align:left">)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">(442,000</td> <td style="vertical-align:bottom;width:2%;text-align:left">)</td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff">Marketable securities</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">(32,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff">)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">(14,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000">Share issue costs</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">297,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">22,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;background-color:#e6efff">Total</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">1,662,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">458,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> </tr> </table>

2231000000 892000000 -834000000 -442000000 -32000000 -14000000 297000000 22000000

1662000000

458000000

3000

8263000

<div> <table border="0" style="width:40%;border-collapse:collapse;font-size:10pt;border-color:#000000"> <tr> <td style="vertical-align:bottom;text-align:center;border-bottom:0.75pt solid #000000;border-top:1.5pt solid #000000">Year of Expiry</td> <td style="vertical-align:bottom;text-align:center;border-bottom:0.75pt solid #000000;border-top:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:center;border-bottom:0.75pt solid #000000;border-top:1.5pt solid #000000">$</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;border-top:1.5pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:center;background-color:#e6efff">2039</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:37%;text-align:right;background-color:#e6efff">133,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:center">2040</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:37%;text-align:right">29,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:center;background-color:#e6efff">2041</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:37%;text-align:right;background-color:#e6efff">373,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:center">2042</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:37%;text-align:right">125,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:center;background-color:#e6efff">2043</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:37%;text-align:right;background-color:#e6efff">418,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:center">2044</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:37%;text-align:right">417,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:center;background-color:#e6efff">2045</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:37%;text-align:right;background-color:#e6efff">1,671,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:center;border-bottom:0.75pt solid #000000">2046</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:37%;text-align:right;border-bottom:0.75pt solid #000000">5,097,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:center;border-bottom:1.5pt solid #000000;background-color:#e6efff">Total</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:37%;text-align:right;border-bottom:1.5pt solid #000000;background-color:#e6efff">8,263,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> </tr> </table> </div>

133000

29000

373000

125000

418000

417000

1671000

5097000

8263000

4142000 1195000 14233000 0

100000000 400000 4.65 1860000 0.07 20000

5.81

20000 60000 60000 279000 0.07 3000

786346

524231

15000

801346