Warrants reserve

12 Months Ended

Aug. 31, 2025

Warrants Reserve

Warrants reserve

17. Warrants reserve

	Number of warrants			Weighted average exercise price per share		Weighted average remaining contractual life (years)
Balance – August 31, 2023		38,968,037			$0.68		2.8
Warrants expired		(2,777,268	)		$1.50
Balance – August 31, 2024		36,190,769			$0.62		1.9
Balance – August 31, 2025		36,190,769			$0.62		0.9

As at August 31, 2025, the following warrants were outstanding:

	Number of warrants		Exercise price		Expiry date
Private placement financing warrants – February 11, 2021		16,461,539		$0.80	February 11, 2026
Private placement financing broker warrants – February 11, 2021		1,152,307		$0.80	February 11, 2026
Private placement financing warrants – January 26, 2022		17,948,718		$0.44	January 26, 2027
Private placement financing placement agent warrants – January 26, 2022		628,205		$0.44	January 26, 2027
Balance – August 31, 2025		36,190,769		$0.62(1)

⁽¹⁾ Total represents weighted average.