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NV 30-0692325 345 Crown Point Circle, Suite 600 Grass Valley CA 95945 917 349 0060 Yes Yes Non-accelerated Filer true false false 92370467 2327424 243669 21970 21971 89176 117468 200000 511530 2638570 894638 2366477 4149053 83646 111707 5088693 5155398 882329 874589 1000474 1658060 179644 128949 2062447 2661598 255633 0 80507 116130 2398587 2777728 0.001 0.001 400000000 400000000 55785106 55785106 55785106 55785106 55785 55785 -1636006 0 33407776 32660586 104084 104084 -32305377 -30234617 2690106 2377670 5088693 5155398 63765 19897 222460 69419 49769 69472 171659 235655 20000 30000 70000 88022 5341 8959 41261 30545 -360 -20081 -5773 -27980 72171 76937 197143 339088 7131 337158 72984 732924 55592 62569 220708 192230 104335 276858 329909 872136 6525 8079 20908 51558 0 -43 0 89526 59696 0 258415 230985 -444685 -909967 -1611220 -2960068 0 8742 0 137457 -311530 0 -311530 0 0 0 -155727 0 0 40 0 -64524 181 8374 7717 18413 -756034 -892811 -2070760 -2868722 -0.01 -0.01 -0.02 -0.02 -0.04 -0.04 -0.07 -0.07 55785106 55785106 47128914 47128914 55785106 55785106 43108301 43108301 -2070760 -2868722 0 16935 -311530 0 220709 192230 258415 230985 222460 69419 0 137457 155727 0 -12501 -64701 -28292 -61950 -39228 484459 50695 58920 -849659 -1826580 1614349 0 1614349 0 0 1898598 500000 0 1636006 0 816941 200000 1319065 1698598 2083755 -127982 243669 758272 2327424 630290 40362800 40363 30304568 0 -104084 -26668986 3571861 -1378425 -1378425 440868 440868 90361 90361 40362800 40363 30394929 440868 -104084 -28047411 2724665 -597486 -597486 5377541 5377 945476 -440868 509985 140624 140624 45740341 45740 31481029 0 -104084 -28644897 2777789 -892811 -892811 10044765 10044 937698 947742 127337 127337 55785106 55784 32546064 0 -104084 -29537708 2960057 55785106 55785 32660586 0 -104084 -30234617 2377670 -628393 -628393 488775 488775 162508 162508 55785106 55785 33311869 0 -104084 -30863010 2400560 -686333 -686333 36211 36211 55785106 55785 33348080 0 -104084 -31549343 1750438 -756034 -756034 1636006 1636006 59696 59696 55785106 55785 33407776 1636006 -104084 -32305377 2690106 <div> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1.<span style="display: inline-block; width: 28pt;"> </span></b><b>NATURE AND CONTINUANCE OF OPERATIONS</b></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Rise Gold Corp. (the "Company") was originally incorporated as Atlantic Resources Inc. in the State of Nevada on February 9, 2007 and is in the exploration stage. On April 11, 2012, the Company merged its wholly-owned subsidiary, Patriot Minefinders Inc., a Nevada corporation, in and to the Company to effect a name change to Patriot Minefinders Inc. On January 14, 2015, the Company completed a name change to Rise Resources Inc. in the same manner. On March 29, 2017, the Company changed its name to Rise Gold Corp. These mergers were carried out solely for the purpose of effecting these changes of names.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On September 18, 2020, the Company increased its authorized capital from 40,000,000 shares to 400,000,000 shares. </span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On January 29, 2016, the Company completed an initial public offering in Canada and began trading on the Canadian Securities Exchange ("CSE") on February 1, 2016.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span style="font-family: Times New Roman, Times, serif; font-size: 10pt; text-align: left; color: rgba(0, 0, 0, 0.87);">The Company is in the early stages of exploration and as is common with any exploration company, it raises financing for its acquisition activities. The accompanying consolidated financial statements have been prepared on the going concern basis, which presumes that the Company will continue operations for the foreseeable future and will be able to realize its assets and discharge its liabilities in the normal course of business. The Company has incurred a loss of $2,070,760 for the period the nine months ended April 30, 2025 and has accumulated a deficit of $32,305,377. The ability of the Company to continue as a going concern is dependent on the Company's ability to maintain continued support from its shareholders and creditors and to raise additional capital and implement its business plan. There is no assurance that the Company will be able to obtain adequate financing in the future or that such financing will be on terms advantageous to the Company. These events and conditions cast substantial doubt about the Company's ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.</span></span></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">At April 30, 2025, the Company had a working capital surplus of $576,123 (July 31, 2024 - deficit of $1,766,960).</span></span></p> </div> 40000000 400000000 -2070760 -32305377 576123 1766960 <div> <p style="margin-left: 36pt; text-indent: -36pt; text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2.<span style="display: inline-block; width: 28pt;"> </span></b><b>BASIS OF PREPARATION</b></span></span></p> <div> <p style="margin-left: 36pt; text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Generally Accepted Accounting Principles</b></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">These unaudited condensed consolidated interim financial statements have been prepared in conformity with generally accepted accounting principles of the United States of America ("US GAAP") and the rules and regulations of the Securities and Exchange Commission ("SEC") for financial information with the instructions to Form 10-Q and Regulation S-K. Results are not necessarily indicative of results which may be achieved in the future. The unaudited condensed consolidated interim financial statements should be read in conjunction with the Company's Annual Report on Form 10-K, which contains the audited financial statements and notes thereto, together with Management's Discussion and Analysis, for the year ended July 31, 2024. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with US GAAP have been condensed or omitted pursuant to such SEC rules and regulations. These financial statements follow the same accounting policies in the annual financial statements. The operating results for the nine months ended April 30, 2025 are not necessarily indicative of the results that may be expected for the year ended July 31, 2025.</span></span></p> </div> <p style="margin: 0pt;"> </p> <div style="margin-top: 0pt; margin-bottom: 0pt;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt;"> <p style="margin-left: 36pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Basis of Consolidation</b></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">These condensed consolidated interim financial statements include the accounts of the Company and its wholly-owned subsidiary, Rise Grass Valley Inc. All significant intercompany accounts and transactions have been eliminated on consolidation.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><i>Subsidiaries</i></span></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">Subsidiaries are all entities over which the Company has exposure to variable returns from its involvement and has the ability to use power over the investee to affect its returns. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Company controls another entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Company until the date on which control ceases.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">The accounts of subsidiaries are prepared for the same reporting period as the parent company, using consistent accounting policies. Intercompany transactions, balances and unrealized gains or losses on transactions are eliminated upon consolidation.</span></span></p> </div> <p style="margin: 0pt;"> </p> <div> <p style="margin-left: 35pt; text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Use of Estimates</b></span></span></p> <p style="margin-left: 35pt; text-align: justify; margin-top: 10pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The preparation of these financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Significant areas requiring the use of estimates include the carrying value and recoverability of mineral properties and the recognition of deferred tax assets based on the change in unrecognized deductible temporary tax differences. Actual results could differ from those estimates and would impact future results of operations and cash flows.</span></span></p> </div> </div> <div> <p style="margin-left: 36pt; text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Generally Accepted Accounting Principles</b></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">These unaudited condensed consolidated interim financial statements have been prepared in conformity with generally accepted accounting principles of the United States of America ("US GAAP") and the rules and regulations of the Securities and Exchange Commission ("SEC") for financial information with the instructions to Form 10-Q and Regulation S-K. Results are not necessarily indicative of results which may be achieved in the future. The unaudited condensed consolidated interim financial statements should be read in conjunction with the Company's Annual Report on Form 10-K, which contains the audited financial statements and notes thereto, together with Management's Discussion and Analysis, for the year ended July 31, 2024. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with US GAAP have been condensed or omitted pursuant to such SEC rules and regulations. These financial statements follow the same accounting policies in the annual financial statements. The operating results for the nine months ended April 30, 2025 are not necessarily indicative of the results that may be expected for the year ended July 31, 2025.</span></span></p> </div> <div style="margin-top: 0pt; margin-bottom: 0pt;"> <p style="margin-left: 36pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Basis of Consolidation</b></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">These condensed consolidated interim financial statements include the accounts of the Company and its wholly-owned subsidiary, Rise Grass Valley Inc. All significant intercompany accounts and transactions have been eliminated on consolidation.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><i>Subsidiaries</i></span></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">Subsidiaries are all entities over which the Company has exposure to variable returns from its involvement and has the ability to use power over the investee to affect its returns. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Company controls another entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Company until the date on which control ceases.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">The accounts of subsidiaries are prepared for the same reporting period as the parent company, using consistent accounting policies. Intercompany transactions, balances and unrealized gains or losses on transactions are eliminated upon consolidation.</span></span></p> </div> <div> <p style="margin-left: 35pt; text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Use of Estimates</b></span></span></p> <p style="margin-left: 35pt; text-align: justify; margin-top: 10pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The preparation of these financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Significant areas requiring the use of estimates include the carrying value and recoverability of mineral properties and the recognition of deferred tax assets based on the change in unrecognized deductible temporary tax differences. Actual results could differ from those estimates and would impact future results of operations and cash flows.</span></span></p> </div> <div> <p style="margin-left: 36pt; text-indent: -36pt; text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>3.<span style="display: inline-block; width: 28pt;"> </span></b><b>CASH AND CASH EQUIVALENTS</b></span></span></p> <p style="margin-left: 35pt; text-align: justify; margin-top: 10pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">As at April 30, 2025, the balance of cash and cash equivalents is $2,327,424 (July 31, 2024: $243,669).</span></span></p> </div> 2327424 243669 <div> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4.<span style="display: inline-block; width: 28pt;"> </span></b><b>PREPAID EXPENSES</b></span></span></p> <div> <div style="margin-left: 36pt;"> <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: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>April 30, 2025</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>July 31, 2024</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Current</b></span></span></td> <td style="vertical-align: bottom; background-color: #e6efff; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; background-color: #e6efff; text-align: right;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Insurance</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 12%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">8,369</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 12%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">56,922</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Deposits</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">63,407</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">48,226</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Other</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 12%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">17,400</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 12%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">12,320</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Total</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">89,176</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">117,468</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table> </div> </div> </div> <div> <div style="margin-left: 36pt;"> <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: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>April 30, 2025</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>July 31, 2024</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Current</b></span></span></td> <td style="vertical-align: bottom; background-color: #e6efff; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; background-color: #e6efff; text-align: right;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Insurance</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 12%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">8,369</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 12%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">56,922</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Deposits</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">63,407</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">48,226</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Other</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 12%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">17,400</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 12%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">12,320</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Total</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">89,176</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">117,468</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table> </div> </div> 8369 56922 63407 48226 17400 12320 89176 117468 <div> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>5.</b><span style="width: 28.5pt; display: inline-block;"> </span><b>MINERAL PROPERTY INTERESTS</b></span></span></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>The Company's mineral properties balance consists of:</span></span></span></span></p> <div> <div style="margin-left: 35.45pt;"> <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: 2.25pt double #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"><span style="font-family: Times New Roman,Times,serif;"><span style="font-size: 10pt;"><span><span>Idaho-Maryland, California</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: justify; background-color: #e6efff;"><span style="font-family: Times New Roman,Times,serif;"><span style="font-size: 10pt;"><span><span>July 31, 2024</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e6efff;"><span style="font-family: Times New Roman,Times,serif;"><span style="font-size: 10pt;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 17%; background-color: #e6efff;"><span style="font-family: Times New Roman,Times,serif;"><span style="font-size: 10pt;"><span><span>4,149,053</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; 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: 0.75pt solid #000000; text-align: justify;"><span style="font-family: Times New Roman,Times,serif;"><span style="font-size: 10pt;"><span><span>Proceeds from land contracted for sale</span></span></span></span></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: 17%;"><span style="font-family: Times New Roman,Times,serif;"><span style="font-size: 10pt;"><span><span>(1,782,576</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"><span style="font-family: Times New Roman,Times,serif;"><span style="font-size: 10pt;"><span><span>)</span></span></span></span></td> </tr> <tr> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: justify; background-color: #e6efff;"><span style="font-family: Times New Roman,Times,serif;"><span style="font-size: 10pt;"><span><span>April 30, 2025</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: left; width: 1%; background-color: #e6efff;"><span style="font-family: Times New Roman,Times,serif;"><span style="font-size: 10pt;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: right; width: 17%; background-color: #e6efff;"><span style="font-family: Times New Roman,Times,serif;"><span style="font-size: 10pt;"><span><span>2,366,477</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> </table> </div> </div> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Title to mineral properties</b></span></span></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Title to mineral properties involves certain inherent risks due to the difficulties of determining the validity of certain mineral titles. Additionally, the potential for problems arising from the frequently ambiguous conveying history characteristic of many mineral properties also exist. As at April 30, 2025 the Company holds title to the Idaho-Maryland Gold Mine Property.</span></span></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>As of April 30, 2025, the management does not consider that there are events or changes in circumstances to indicate that the carrying amount of the asset group may not be recoverable. As of the date of these consolidated financial statements, the Company has not established any proven or probable reserves on its mineral properties and has incurred only acquisition and exploration costs.</span></span></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Idaho-Maryland Gold Mine Property, California</b></span></span></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>On August 30, 2016, the Company entered into an option agreement with three parties to purchase a 100% interest in and to the Idaho-Maryland Gold Mine property located near Grass Valley, California, United States; pursuant to the option agreement, in order to exercise the option, the Company was required to pay $2,000,000 by November 30, 2016. Upon execution of the option agreement, the Company paid the vendors a non-refundable cash deposit in the amount of $25,000, which was credited against the purchase price of $2,000,000 upon exercise of the option. On November 30, 2016, the Company negotiated an extension of the closing date of the option agreement to December 26, 2016, in return for a cash payment of $25,000, which was also credited against the purchase price of $2,000,000 upon exercise of the option. On December 28, 2016, the Company negotiated a further no-cost extension of the closing date of the option agreement to April 30, 2017. On January 25, 2017, the Company exercised the option by paying the net amount owing of $1,950,000 and acquired a 100% interest in the Idaho-Maryland Gold Mine property.</span></span></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>In connection with the option agreement, the Company agreed to pay a cash commission of $140,000 equal to 7 per cent of the purchase price of $2,000,000; the commission was settled on January 25, 2017 through the issuance of 92,000 units valued at C$2.00 per unit. Each unit consists of one share of common stock and one transferable share purchase warrant exercisable into one share of common stock at a price of C$4.00 for a period of two years from the date of issuance. On January 24, 2019, these warrants expired unexercised. The Company also incurred additional transaction costs of $109,053, which have been included in the carrying value of the Idaho-Maryland Gold Mine.</span></span></span></span></p> <div style="margin-top: 13.3333px; margin-bottom: 0px;"> </div> <p style="margin-left: 36pt; text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>On January 6, 2017, the Company entered into an option agreement with Sierra Pacific Industries Inc. ("Sierra") to purchase a 100% interest in and to certain surface rights near Grass Valley, California, United States, contiguous to the Idaho-Maryland Gold Mine property acquired by the Company on January 25, 2017. Pursuant to the option agreement, in order to exercise the option, the Company was required to pay $1,900,000 by March 31, 2017. Upon execution of the option agreement, the Company paid the vendors a non-refundable cash deposit in the amount of $100,000, which was credited against the purchase price of $1,900,000 upon exercise of the option. On April 3, 2017, the Company negotiated an extension of the closing date of the option agreement to June 30, 2017, in return for a cash payment of $200,000, at which time a payment of $1,600,000 was due in order to exercise the option. On June 7, 2017, the Company negotiated an extension of the closing date of the option agreement to September 30, 2017, in return for a cash payment of $300,000, at which time a payment of $1,300,000 was due in order to exercise the option.</span></span></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>On May 14, 2018, the Company completed the purchase of the surface rights by making the final payment of $1,300,000.</span></span></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>As at April 30, 2025, the Company has incurred cumulative exploration expenditures of $9,612,798 on the Idaho-Maryland Gold Mine property as follows:</span></span></span></span></p> <div> <div style="margin-left: 36pt; margin-bottom: 10pt;"> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="margin-bottom: 0pt; border-top: 2.25pt double #000000; text-align: right; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span> </span></span></span></span><br/> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">Nine months ended</span></span></span></span></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">April 30, 2025</span></span></span></span></span></span></p> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">Year ended</span></span></span></span></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">July 31, 2024</span></span></span></span></p> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Idaho-Maryland Gold Mine expenditures:</span></span></span></span></td> <td style="vertical-align: bottom; text-align: center; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: center; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: center; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: center; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: center; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: center; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Opening balance</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>9,539,814</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>8,730,982</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: right; 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: 17%; 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: 17%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; padding-left: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Consulting</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>47,595</span></span></span></span></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: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>715,108</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e6efff; padding-left: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Depreciation</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>-</span></span></span></span></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: 17%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>16,935</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; padding-left: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Engineering</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>-</span></span></span></span></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: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>4,622</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e6efff; padding-left: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Exploration</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>-</span></span></span></span></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: 17%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>1,405</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; padding-left: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Logistics</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>-</span></span></span></span></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: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>5,269</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e6efff; padding-left: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Rent</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>21,342</span></span></span></span></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: 17%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>53,432</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; padding-left: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Supplies</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>4,047</span></span></span></span></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: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>11,251</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e6efff; padding-left: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Sampling</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>-</span></span></span></span></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: 17%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>810</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Total expenditures for the period</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>72,984</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>808,832</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Closing balance</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; text-align: right; width: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>9,612,798</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; text-align: right; width: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>9,539,814</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> </div> <div style="margin-top: 13.3333px; margin-bottom: 0px;"> </div> <p style="margin-left: 36pt; text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>On October 1, 2024, the Company contracted to sell 66 acres of surface rights located adjacent to the Company's Idaho-Maryland Mine Property.</span></span></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>The sale transaction is subject to two sale agreements with the same, arm's length third party. The first agreement covers 16 acres of land for total consideration of $1,800,000 and that contract closed on November 27, 2024 with the payment of half the sale price, minus certain deductions. The Company paid $816,941 of the proceeds towards the Eridanus loan. The other half of the purchase price ($900,000) is due on November 27, 2026. The buyer pays monthly interest at an annual rate of 5% per year on the balance of the purchase price until it is paid in full. The $900,000 note receivable has a fair value of $851,852 on November 27, 2024, calculated based on an 8% interest rate. On January 14, 2025, the Company and the buyer negotiated a discounted, accelerated payment whereby the Company received $702,000 in lieu of the second $900,000 payment due in November 2026. Carrying value of the note receivable on settlement date was $857,727, resulting in a loss on settlement of $155,727.</span></span></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>The second sale agreement covers 50 acres of land for total sale price of $2,500,000 and closed on May 27, 2025, at which point half of the sale price was paid, with the other half due on May 27, 2027. The buyer paid $12,500 per month until closing, with the payments applied against the purchase price. Commencing on the closing date, the buyer will pay monthly interest at an annual rate of 5% per year on the balance of the purchase price until it is paid in full. Rise and the purchaser have also executed an option agreement whereby the Company may repurchase the 66 acres of land being sold for the sale price plus the cost of any capital improvements plus an increase of five percent per year on the condition that Rise acquires final government approvals to perform mining operations at the I-M Mine Property.</span></span></span></span></p> </div> <div> <div style="margin-left: 35.45pt;"> <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: 2.25pt double #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"><span style="font-family: Times New Roman,Times,serif;"><span style="font-size: 10pt;"><span><span>Idaho-Maryland, California</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: justify; background-color: #e6efff;"><span style="font-family: Times New Roman,Times,serif;"><span style="font-size: 10pt;"><span><span>July 31, 2024</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e6efff;"><span style="font-family: Times New Roman,Times,serif;"><span style="font-size: 10pt;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 17%; background-color: #e6efff;"><span style="font-family: Times New Roman,Times,serif;"><span style="font-size: 10pt;"><span><span>4,149,053</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; 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: 0.75pt solid #000000; text-align: justify;"><span style="font-family: Times New Roman,Times,serif;"><span style="font-size: 10pt;"><span><span>Proceeds from land contracted for sale</span></span></span></span></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: 17%;"><span style="font-family: Times New Roman,Times,serif;"><span style="font-size: 10pt;"><span><span>(1,782,576</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"><span style="font-family: Times New Roman,Times,serif;"><span style="font-size: 10pt;"><span><span>)</span></span></span></span></td> </tr> <tr> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: justify; background-color: #e6efff;"><span style="font-family: Times New Roman,Times,serif;"><span style="font-size: 10pt;"><span><span>April 30, 2025</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: left; width: 1%; background-color: #e6efff;"><span style="font-family: Times New Roman,Times,serif;"><span style="font-size: 10pt;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: right; width: 17%; background-color: #e6efff;"><span style="font-family: Times New Roman,Times,serif;"><span style="font-size: 10pt;"><span><span>2,366,477</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> </table> </div> </div> 4149053 1782576 2366477 1 2000000 25000 2000000 25000 2000000 1950000 1 140000 0.07 2000000 92000 2 4 109053 1 1900000 100000 1900000 200000 1600000 300000 1300000 1300000 9612798 <div> <div style="margin-left: 36pt; margin-bottom: 10pt;"> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="margin-bottom: 0pt; border-top: 2.25pt double #000000; text-align: right; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span> </span></span></span></span><br/> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">Nine months ended</span></span></span></span></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">April 30, 2025</span></span></span></span></span></span></p> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">Year ended</span></span></span></span></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">July 31, 2024</span></span></span></span></p> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Idaho-Maryland Gold Mine expenditures:</span></span></span></span></td> <td style="vertical-align: bottom; text-align: center; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: center; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: center; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: center; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: center; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: center; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Opening balance</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>9,539,814</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>8,730,982</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: right; 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: 17%; 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: 17%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; padding-left: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Consulting</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>47,595</span></span></span></span></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: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>715,108</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e6efff; padding-left: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Depreciation</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>-</span></span></span></span></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: 17%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>16,935</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; padding-left: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Engineering</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>-</span></span></span></span></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: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>4,622</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e6efff; padding-left: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Exploration</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>-</span></span></span></span></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: 17%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>1,405</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; padding-left: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Logistics</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>-</span></span></span></span></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: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>5,269</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e6efff; padding-left: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Rent</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>21,342</span></span></span></span></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: 17%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>53,432</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; padding-left: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Supplies</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>4,047</span></span></span></span></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: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>11,251</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e6efff; padding-left: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Sampling</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>-</span></span></span></span></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: 17%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>810</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Total expenditures for the period</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>72,984</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>808,832</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Closing balance</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; text-align: right; width: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>9,612,798</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; text-align: right; width: 17%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>9,539,814</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> </div> 9539814 8730982 47595 715108 0 16935 0 4622 0 -1405 0 5269 21342 53432 4047 11251 0 810 72984 808832 9612798 9539814 66 16 1800000 816941 900000 0.05 900000 851852 0.08 702000 900000 857727 155727 50 2500000 12500 0.05 <div> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>6.</b><span style="width: 28.5pt; display: inline-block;"> </span><b>EQUIPMENT </b></span></span></p> <div> <div style="margin-left: 108pt;"> <table cellpadding="0" cellspacing="0" style="width: 80%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Cost</b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Drilling equipment </b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">At July 31, 2023</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">644,847</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">At July 31, 2024</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">644,847</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">At April 30, 2025</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">644,847</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Accumulated depreciation</b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">At July 31, 2023</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">116,382</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Depreciation</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">16,935</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">At July 31, 2024</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">133,317</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Depreciation</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">At April 30, 2025</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">133,317</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; border-bottom: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Total carrying value, July 31, 2024</b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>511,530</b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; border-bottom: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Assets held for sale</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(511,530</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Total carrying value, April 30, 2025</b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>-</b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; border-bottom: 0.75pt solid #000000;"> </td> </tr> </table> </div> </div> <p style="margin: 0pt;"> </p> <div> </div> <p style="margin-left: 36pt; text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Assets Held for Sale </b></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">During the year ended July 31, 2024, the Company approved a plan to sell its drilling equipment. The Company intends to sell the equipment within the next twelve months. As a result, the net carrying amount of $511,530 has been reclassified to Assets Held for Sale during the year ended July 31, 2024. The Company performed an assessment of the recoverability of the carrying amount at April 30, 2025 and determined that the drilling equipment should be written down to $200,000, based on the subsequent transacted sale price. An impairment loss of $311,530 was recognized on the Consolidated Interim Statements of Loss and Comprehensive Loss for the period ended April 30, 2025.  On May 16, 2025, the Company entered into an agreement to sell its drilling equipment for a sale price of $200,000. $100,000 was received on June 6, 2025 and subsequent payments of $50,000 payable for each of the two drilling rigs sold are to be received when each rig drills its first hole to a depth of 200m, no later than four months following delivery.</span></span></p> </div> <div> <div style="margin-left: 108pt;"> <table cellpadding="0" cellspacing="0" style="width: 80%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Cost</b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Drilling equipment </b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">At July 31, 2023</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">644,847</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">At July 31, 2024</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">644,847</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">At April 30, 2025</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">644,847</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Accumulated depreciation</b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">At July 31, 2023</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">116,382</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Depreciation</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">16,935</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">At July 31, 2024</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">133,317</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Depreciation</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">At April 30, 2025</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">133,317</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; border-bottom: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Total carrying value, July 31, 2024</b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>511,530</b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; border-bottom: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Assets held for sale</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(511,530</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Total carrying value, April 30, 2025</b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 32%; text-align: right; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>-</b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; border-bottom: 0.75pt solid #000000;"> </td> </tr> </table> </div> </div> 644847 644847 644847 116382 16935 133317 0 133317 511530 -511530 0 511530 200000 -311530 200000 100000 50000 <div> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>7.<span style="display: inline-block; width: 28pt;"> </span>CONTINGENCY</b></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">During the year ended July 31, 2014, the Company entered into a binding letter of intent ("LOI") with Wundr Software Inc. ("Wundr"). Under the terms of the LOI, the Company would acquire 100% of the issued and outstanding common shares of Wundr. The Company did not complete the transactions contemplated in the LOI, which the Company announced had expired on January 10, 2014.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On September 17, 2014, the Company learned that it was the subject, along with a number of additional defendants, of a notice of civil claim (the "Claim") filed in the Supreme Court of British Columbia by Wundr, under which Wundr is seeking general damages from the Company as well as damages for conspiracy to cause economic harm. None of the allegations contained in the Claim have been proven in court. Management has assessed that the probability of the Claim resulting in an unfavourable outcome and financial loss to the Company is unlikely.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">In September 2024, the Company received a notice from the Community Environmental Advocates Foundation of intent to file a citizen suit against the Company for alleged violations of the Clean Water Act. The Company has not yet been served with a summons and complaint filed in the citizen suit, but the Company's attorneys have engaged the Community Environmental Advocates Foundation's attorneys in an attempt to informally resolve the allegations without litigation. The Company denies all allegations contained in the notice. Management has determined that no estimate of a loss event can be determined at this time in connection with the notice.</span></span></p> </div> 1 <div> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>8.</b><span style="width: 28.5pt; display: inline-block;"> </span><b>RELATED PARTY TRANSACTIONS</b></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Key management personnel consist of the Chief Executive Officer, Chief Financial Officer, and the directors of the Company. The remuneration of the key management personnel is as follows:</span></span></p> <p style="margin-left: 54pt; text-indent: -18pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">a)<span style="width: 10.23pt; text-indent: 0pt; display: inline-block;"> </span>Salaries of $Nil (2024 - $89,526) to the previous CEO of the Company. Consulting fees of $99,000 (2024 - $ 80,556 and $88,716) to the CEO and an advisor of the Company.</span></span></p> <p style="margin-left: 54pt; text-indent: -18pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">b)<span style="width: 9.67pt; text-indent: 0pt; display: inline-block;"> </span>Consulting fees of $29,870 (2024 - $<span style="-sec-ix-hidden: Fxbrl_20250613141951185;">NIL</span>) to the CFO of the Company</span></span></p> <p style="margin-left: 54pt; text-indent: -18pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">c)<span style="width: 10.23pt; text-indent: 0pt; display: inline-block;"> </span>Director fees of $70,000 (2024 - $88,022) to directors of the Company.</span></span></p> <p style="margin-left: 54pt; text-indent: -18pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">d)<span style="width: 9.67pt; text-indent: 0pt; display: inline-block;"> </span>During the period ended April 30, 2025, the Company paid $64,206 (2024 - $99,572) in professional and consulting fees to a company controlled by a former director of the Company.</span></span></p> <div> </div> <p style="margin-left: 54pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">e)<span style="width: 10.23pt; text-indent: 0pt; display: inline-block;"> </span>Share-based compensation of $258,415 (2024 - $166,619) for options granted and vested during the period ended.</span></span></p> <p style="margin-left: 54pt; text-indent: -18pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">f)<span style="width: 11.34pt; text-indent: 0pt; display: inline-block;"> </span>As at April 30, 2025 and July 31, 2024, $179,644 and $128,949 were owed to related parties, respectively.</span></span></p> <p style="margin-left: 54pt; text-indent: -18pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">g)<span style="width: 9.67pt; text-indent: 0pt; display: inline-block;"> </span>A director of the Company is a manager of a private company which manages Eridanus Capital, LLC, a company that provided a secured loan to the Company's wholly owned subsidiary, Rise Grass Valley in 2019.</span></span></p> <p style="margin-left: 54pt; text-indent: -18pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">h)<span style="width: 9.67pt; text-indent: 0pt; display: inline-block;"> </span>A director of the Company is a manager of a private company which manages Myrmikan Gold Fund, LLC, a company that provided a secured loan to the Company's wholly owned subsidiary, Rise Grass Valley in 2024.</span></span></p> <p style="margin-left: 54pt; text-indent: -18pt; text-align: justify; margin-top: 10pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">i)<span style="width: 11.89pt; text-indent: 0pt; display: inline-block;"> </span>During the nine months period ended April 30, 2024, certain directors of the Company purchased an aggregate of 7,969,067 units of the private placement for gross proceeds of $972,300 (<span style="-sec-ix-hidden: Fxbrl_20250613142145399;">NIL</span> - for the period ended April 30, 2025)</span></span></p> </div> 0 89526 99000 99000 80556 88716 29870 70000 88022 64206 99572 258415 166619 179644 128949 7969067 972300 <div> <div> <div style="margin-top: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>9.</b><span style="width: 28.5pt; display: inline-block;"> </span><b>LOANS PAYABLE</b></span></span></div> <div style="margin-top: 0pt;"><br/></div> </div> <div> <div style="margin-left: 36pt;"> <table border="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, July 31, 2023</b></span></span></td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,437,914</b></span></span></td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Interest expense</span></span></td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 22%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">299,228</span></span></td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Accretion expense</span></span></td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">120,918</span></span></td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Repayment</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(200,000</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, July 31, 2024</b></span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,658,060</b></span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Interest expense</span></span></td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 22%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">174,039</span></span></td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Accretion expense</span></span></td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">139,667</span></span></td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Issuance costs</span></span></td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 22%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(154,351</span></span></td> <td style="vertical-align: bottom; width: 2%; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Repayment</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(816,941</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, April 30, 2025</b></span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,000,474</b></span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> </table> </div> <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt; margin-left: 36pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">a)<span style="width: 10.23pt; text-indent: 0pt; display: inline-block;"> </span><span style="text-decoration: underline;">Eridanus Loan</span></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On September 3, 2019, the Company completed a debt financing with Eridanus Capital LLC ("Eridanus") for $1,000,000. The Eridanus loan has a term of 4 years and <span style="font-size: 10pt; font-family: Times New Roman;">an annual interest rate of 10% for the first two years increasing to 20% in year 3 and to 25% in year 4. Interest will accrue and be paid along with the principal upon the maturity date.</span> Eridanus received 1,150,000 bonus share purchase warrants as additional consideration for advancing the Eridanus loan. The fair value of these warrants was calculated to be $444,942 which was netted against the loan payable balance along with $15,000 paid to the lender for a total of $459,942 in issuance costs. Each warrant entitles the holder to acquire one share of common stock at an exercise price of $0.80 (C$1.00) for a period of three years from the date of issuance. The Eridanus loan may be repaid prior to the maturity date, in whole or in part, provided that all accrued interest is paid. In addition, if total interest payments are less than $200,000, the difference will be paid to the Lender as prepayment compensation. The Eridanus loan is secured against the assets of the Company and its subsidiary.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">In February 2023, the Company renegotiated its debt agreement with Eridanus whereby the Company agreed to pay $250,000 applied against unpaid and accrued interest and issue 575,000 share purchase warrants to Eridanus. The maturity date of the Eridanus loan has been extended by one year to September 4, 2024 and the interest rate has been reduced to 15% compounding monthly for a period of 12 months after which it reverts to 25% per annum, compounding monthly. The renegotiation of the debt was accounted for as a non - substantial debt modification.</span></span></p> <div> </div> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> Accordingly, no gain or loss was recorded and a new effective interest rate of 32.67% was established based on the carrying value of the debt and the revised cash flow. Each warrant entitles the holder to acquire one share at an exercise price of $0.60 for a period of two years from the date of issuance. The fair value of these warrants was calculated to be $154,218 which was netted against the loan payable balance. The following weighted average assumptions were used for the Black-Scholes pricing model valuation of warrants: </span></span></p> <div style="margin-left: 36pt;"> <table cellpadding="0" cellspacing="0" style="width: 80%; border-collapse: collapse; font-size: 10pt;"> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify; white-space: nowrap;"> </td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">February 17, 2023</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-top: 0.75pt solid #000000; text-align: justify;"> </td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-top: 0.75pt solid #000000; text-align: justify;"> </td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Risk-free interest rate</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4.15%</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected life of warrants</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2 years</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected annualized volatility</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; padding-left: 41.4pt; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">99.02%</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share price at grant date</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.53</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Exercise price</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.60</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Fair value</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.27</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Dividend</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Nil</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Forfeiture rate</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-bottom: 2.25pt double #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0%</span></span></td> </tr> </table> </div> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">In September 2024, the Company amended its debt agreement with Eridanus to extend an existing loan by one year to September 4, 2025, along with a reduction in interest rate to 15% per annum for a period of 12 months commencing September 4, 2024. Given that the renegotiation of the debt resulted in a change of the present value of the cash flow of less than 10%, the transaction has been recorded as a non-substantial debt modification for accounting purposes. The Company issued 1,700,000 share purchase warrants at an exercise price of US$0.115 to Eridanus as consideration for the extension. The share purchase warrants have a 4 year expiry period from the date of issuance. The fair value of these warrants was calculated to be $154,351 which was netted against the loan payable balance.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The following weighted average assumptions were used for the Black-Scholes pricing model valuation of warrants:</span></span></p> <div style="margin-left: 36pt;"> <div> <table cellpadding="0" cellspacing="0" style="width: 80%; border-collapse: collapse; font-size: 10pt;"> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify;"> </td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"> </span></span></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">September 12, 2024</span></span></span></span></p> </td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify;"> </td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">              Risk-free interest rate</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2.72%</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected life of warrants</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4 years</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected annualized volatility</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">133.99%</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share price at grant date</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; padding-left: 41.4pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.11</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Exercise price</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.115</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Fair value</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.091</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Dividend</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Nil</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Forfeiture rate</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-bottom: 2.25pt double #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0%</span></span></td> </tr> </table> </div> </div> <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">            In May 2025, the Company repaid the entire balance of the Eridanus loan.</span></span></p> <div> </div> <p style="margin-left: 54pt; text-indent: -18pt; text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">b)<span style="width: 9.67pt; text-indent: 0pt; display: inline-block;"> </span><span style="text-decoration: underline;">Myrmikan Loan</span></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On October 10, 2024, the Company finalized a secured loan agreement with Myrmikan Gold Fund, LLC ("Myrmikan") for a $500,000 loan which will be used for the Company's working capital. The Myrmikan loan has a term of 4 years with an interest rate of 15% per annum with interest accruing and payable along with the principal upon maturity. The Company issued 2,882,514 share purchase warrants at an exercise price of $0.1735 with a 4 year expiry period as additional consideration for advancing the Myrmikan loan.  The fair value of these warrants was calculated to be $334,423 which was netted against the loan payable balance. The Myrmikan loan may be repaid prior to the maturity date, in whole or in part, provided that all accrued interest is paid. The Myrmikan loan will be secured against the assets of the Company and its subsidiary.</span></span></p> <div> <div style="margin-left: 36pt;"> <div> <table border="0" cellspacing="0" style="width: 90%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Myrmikan Loan Payable</b></span></span></td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, July 31, 2024</b></span></span></td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; width: 27%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Proceeds</span></span></td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 27%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">500,000</span></span></td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Issuance costs</span></span></td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 27%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(334,423</span></span></td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Interest expense</span></span></td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 27%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">44,483</span></span></td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Accretion expense</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 27%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">45,573</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, April 30, 2025</b></span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 27%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">255,633</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> </table> </div> </div> </div> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The following weighted average assumptions were used for the Black-Scholes pricing model valuation of warrants:</span></span></p> <div> <div style="margin-left: 108pt;"> <div> <table cellpadding="0" cellspacing="0" style="width: 80%; border-collapse: collapse; font-size: 10pt;"> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify;"> </td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">October 10, 2024</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top;"> </td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Risk-free interest rate</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2.98%</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected life of warrants</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4 years</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected annualized volatility</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; padding-left: 41.4pt; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">139.40%</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share price at grant date</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.14</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Exercise price</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.1735</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Fair value</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.116</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Dividend</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Nil</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Forfeiture rate</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-bottom: 2.25pt double #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0%</span></span></td> </tr> </table> </div> </div> </div> <p style="text-align: justify; margin-top: 10pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>                </b>In May 2025, the Company repaid the entire balance of the Myrmikan loan.</span></span></p> </div> </div> <table border="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, July 31, 2023</b></span></span></td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,437,914</b></span></span></td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Interest expense</span></span></td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 22%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">299,228</span></span></td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Accretion expense</span></span></td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">120,918</span></span></td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Repayment</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(200,000</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, July 31, 2024</b></span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,658,060</b></span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Interest expense</span></span></td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 22%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">174,039</span></span></td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Accretion expense</span></span></td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">139,667</span></span></td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Issuance costs</span></span></td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 22%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(154,351</span></span></td> <td style="vertical-align: bottom; width: 2%; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Repayment</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(816,941</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, April 30, 2025</b></span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,000,474</b></span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> </table> 1437914 299228 120918 200000 1658060 174039 139667 154351 816941 1000474 1000000 P4Y an annual interest rate of 10% for the first two years increasing to 20% in year 3 and to 25% in year 4. Interest will accrue and be paid along with the principal upon the maturity date. 0.10 0.20 0.25 1150000 444942 15000 459942 0.8 1 200000 250000 575000 The maturity date of the Eridanus loan has been extended by one year to September 4, 2024 and the interest rate has been reduced to 15% compounding monthly for a period of 12 months after which it reverts to 25% per annum, compounding monthly. The renegotiation of the debt was accounted for as a non - substantial debt modification.Accordingly, no gain or loss was recorded and a new effective interest rate of 32.67% was established based on the carrying value of the debt and the revised cash flow. Each warrant entitles the holder to acquire one share at an exercise price of $0.60 for a period of two years from the date of issuance. The fair value of these warrants was calculated to be $154,218 which was netted against the loan payable balance. 0.15 0.25 0.3267 0.6 154218 <table cellpadding="0" cellspacing="0" style="width: 80%; border-collapse: collapse; font-size: 10pt;"> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify; white-space: nowrap;"> </td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">February 17, 2023</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-top: 0.75pt solid #000000; text-align: justify;"> </td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-top: 0.75pt solid #000000; text-align: justify;"> </td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Risk-free interest rate</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4.15%</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected life of warrants</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2 years</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected annualized volatility</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; padding-left: 41.4pt; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">99.02%</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share price at grant date</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.53</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Exercise price</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.60</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Fair value</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.27</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Dividend</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Nil</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Forfeiture rate</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-bottom: 2.25pt double #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0%</span></span></td> </tr> </table> <div> <table cellpadding="0" cellspacing="0" style="width: 80%; border-collapse: collapse; font-size: 10pt;"> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify;"> </td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"> </span></span></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">September 12, 2024</span></span></span></span></p> </td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify;"> </td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">              Risk-free interest rate</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2.72%</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected life of warrants</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4 years</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected annualized volatility</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">133.99%</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share price at grant date</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; padding-left: 41.4pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.11</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Exercise price</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.115</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Fair value</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.091</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Dividend</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Nil</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Forfeiture rate</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-bottom: 2.25pt double #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0%</span></span></td> </tr> </table> </div> 4.15 2 99.02 0.53 0.6 0.27 0 0 0.15 0.10 1700000 0.115 P4Y 154351 2.72 4 133.99 0.11 0.115 0.091 0 0 500000 P4Y 0.15 2882514 0.1735 P4Y 334423 <div> <div style="margin-left: 36pt;"> <div> <table border="0" cellspacing="0" style="width: 90%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Myrmikan Loan Payable</b></span></span></td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, July 31, 2024</b></span></span></td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; width: 27%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Proceeds</span></span></td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 27%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">500,000</span></span></td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Issuance costs</span></span></td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 27%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(334,423</span></span></td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Interest expense</span></span></td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 27%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">44,483</span></span></td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Accretion expense</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 27%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">45,573</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, April 30, 2025</b></span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 27%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">255,633</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> </table> </div> </div> </div> 0 500000 334423 44483 45573 255633 <div> <div style="margin-left: 108pt;"> <div> <table cellpadding="0" cellspacing="0" style="width: 80%; border-collapse: collapse; font-size: 10pt;"> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify;"> </td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">October 10, 2024</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top;"> </td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Risk-free interest rate</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2.98%</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected life of warrants</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4 years</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected annualized volatility</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; padding-left: 41.4pt; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">139.40%</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share price at grant date</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.14</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Exercise price</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.1735</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Fair value</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.116</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Dividend</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Nil</span></span></td> </tr> <tr> <td style="width: 50%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Forfeiture rate</span></span></td> <td style="width: 43%; padding-right: 5.4pt; padding-left: 41.4pt; vertical-align: top; border-bottom: 2.25pt double #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0%</span></span></td> </tr> </table> </div> </div> </div> 2.98 4 139.4 0.14 0.1735 0.116 0 0 <div> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>10.</b><span style="width: 23.5pt; display: inline-block;"> </span><b>DERIVATIVE LIABILITY</b></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The exercise price of the Company's share purchase warrants is fixed in Canadian dollars and the functional currency of the Company is the USD. These warrants are considered to be a derivative as a variable amount of cash in the Company's functional currency will be received on exercise of the warrants. Accordingly, the share purchase warrants issued as part of past financings, are classified and accounted for as a derivative liability.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The following table shows a continuity of the Company's derivative liability:</span></span></p> <div> <div style="margin-left: 36pt;"> <table border="0" cellspacing="0" style="width: 90%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b><span><span>Warrant derivative</span></span></b></span></span></td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b><span><span>Number of warrants<br/>accounted for as<br/>derivative liability</span></span></b></span></span></td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, July 31, 2023</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">140,015</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4,991,645</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Fair value adjustment</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(140,015</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, July 31, 2024</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,291,322</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Fair value adjustment</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, April 30, 2025</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table> </div> </div> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">For the nine month period ended April 30, 2025, the Company recorded a total loss/gain on fair value of derivative liability of $Nil during the period (April 30, 2024 - gain of  $137,457). For the period ended April 30, 2025, the 2,291,322 warrants expired unexercised.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The following weighted average assumptions were used for the Black-Scholes pricing model valuation of warrants:</span></span></p> <table cellpadding="0" cellspacing="0" style="width: 70%; border-collapse: collapse; font-size: 10pt; margin-left: auto; margin-right: auto;"> <tr> <td style="width: 63%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> </td> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000;"> <p style="margin-bottom: 0pt; text-align: right; margin-top: 0pt;"> </p> <p style="text-align: right; margin-bottom: 0pt; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>July 31, 2024</span></span></span></span></p> </td> </tr> <tr> <td style="width: 63%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 0.75pt solid #000000;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> </td> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 0.75pt solid #000000;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"> </p> </td> </tr> <tr> <td style="width: 63%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Risk-free interest rate</span></span></p> </td> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">3.46%</span></span></p> </td> </tr> <tr> <td style="width: 63%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected life of warrants</span></span></p> </td> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.05 years</span></span></p> </td> </tr> <tr> <td style="width: 63%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected annualized volatility</span></span></p> </td> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">33.73%</span></span></p> </td> </tr> <tr> <td style="width: 63%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Dividend</span></span></p> </td> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Nil</span></span></p> </td> </tr> <tr> <td style="width: 63%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Forfeiture rate</span></span></p> </td> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; background-color: #e6efff;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0%</span></span></p> </td> </tr> </table> </div> <div> <div style="margin-left: 36pt;"> <table border="0" cellspacing="0" style="width: 90%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b><span><span>Warrant derivative</span></span></b></span></span></td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b><span><span>Number of warrants<br/>accounted for as<br/>derivative liability</span></span></b></span></span></td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, July 31, 2023</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">140,015</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4,991,645</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Fair value adjustment</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(140,015</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, July 31, 2024</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,291,322</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Fair value adjustment</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, April 30, 2025</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table> </div> </div> 140015 4991645 -140015 0 0 2291322 0 0 0 0 0 137457 2291322 <table cellpadding="0" cellspacing="0" style="width: 70%; border-collapse: collapse; font-size: 10pt; margin-left: auto; margin-right: auto;"> <tr> <td style="width: 63%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> </td> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000;"> <p style="margin-bottom: 0pt; text-align: right; margin-top: 0pt;"> </p> <p style="text-align: right; margin-bottom: 0pt; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>July 31, 2024</span></span></span></span></p> </td> </tr> <tr> <td style="width: 63%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 0.75pt solid #000000;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> </td> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 0.75pt solid #000000;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"> </p> </td> </tr> <tr> <td style="width: 63%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Risk-free interest rate</span></span></p> </td> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">3.46%</span></span></p> </td> </tr> <tr> <td style="width: 63%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected life of warrants</span></span></p> </td> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.05 years</span></span></p> </td> </tr> <tr> <td style="width: 63%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected annualized volatility</span></span></p> </td> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">33.73%</span></span></p> </td> </tr> <tr> <td style="width: 63%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Dividend</span></span></p> </td> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Nil</span></span></p> </td> </tr> <tr> <td style="width: 63%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Forfeiture rate</span></span></p> </td> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; background-color: #e6efff;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0%</span></span></p> </td> </tr> </table> 3.46 0.05 33.73 0 0 <div> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>11.</b><span style="width: 24pt; display: inline-block;"> </span><b>CREDIT FACILITY</b></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On February 6, 2024, the Company entered into a revolving credit facility arrangement with an arm's length lender that also provides services to the Company. Pursuant to the arrangement, each month, the lender will defer and add to the loan principal an amount equal to half of the fees billed by the lender up to $1,000,000. Amounts loaned will bear interest at a rate of 12% per annum compounded annually and will be due four years from the date of the arrangement. The Company may repay any amounts owing under the credit facility at any time without penalty. In connection with the credit facility, the Company has issued 1,000,000 non-transferable share purchase warrants to the lender, with each warrant exercisable into one share of common stock of the Company at a price of $0.16 per share for a period of four years from the date of issuance. The fair value of these warrants was calculated to be $127,336. In addition, for each $100,000 loaned under the arrangement, the Company has agreed to issue to the lender 200,000 additional non-transferable warrants ("Additional Warrants"). Each Additional Warrant will be exercisable into one share of common stock of the Company at any time within a four-year period from the date of issuance at an exercise price equal to the market price of the shares of the Company on grant.</span></span></p> <div> </div> <div> <div style="margin-left: 36pt;"> <div> <table border="0" cellspacing="0" style="width: 80%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><b><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Credit Facility</span></span></span></span></b></td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, July 31, 2023</b></span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 32%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Principal amount</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; width: 32%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">122,739</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Interest expense</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; vertical-align: bottom; width: 32%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">7,018</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Issuance costs</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; width: 32%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(15,629</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Accretion expense</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 32%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,002</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, July 31, 2024</b></span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 32%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>116,130</b></span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Reclassification to accounts payable</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; vertical-align: bottom; width: 32%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(63,796</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Principal amount</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; width: 32%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">12,359</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Interest expense</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; vertical-align: bottom; width: 32%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,186</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Issuance costs</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; width: 32%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(23,592</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Accretion expense</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 32%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">37,220</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, April 30, 2025</b></span></span></td> <td style="text-align: left; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="text-align: right; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 32%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>80,507</b></span></span></td> <td style="text-align: left; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%;"> </td> </tr> </table>   <table border="0" cellspacing="0" style="width: 80%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 32%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Deferred Financing Asset</b></span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, July 31, 2023</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 32%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Issuance costs 1,000,000 warrants</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; width: 32%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">127,336</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Allocation to credit facility</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 32%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(15,629</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, July 31, 2024</b></span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 32%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>111,707</b></span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Allocation to credit facility</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 32%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(28,061</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, April 30, 2025</b></span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 32%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>83,646</b></span></span></td> </tr> </table> </div> </div> </div> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The following weighted average assumptions were used for the Black-Scholes pricing model valuation of warrants:</span></span></p> <div> <div style="margin-left: 36pt;"> <table cellpadding="0" cellspacing="0" style="width: 70%; border-collapse: collapse; font-size: 10pt;"> <tr> <td style="width: 51%; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify;"> </td> <td style="width: 42%; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: left;"> <p style="margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> </span></span></p> <p style="margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>February 5, 2024</span></span></span></span></p> </td> </tr> <tr> <td style="width: 51%; vertical-align: top; border-top: 0.75pt solid #000000; text-align: justify;"> </td> <td style="width: 42%; vertical-align: top; border-top: 0.75pt solid #000000; text-align: left;"> </td> </tr> <tr> <td style="width: 51%; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Risk-free interest rate</span></span></td> <td style="width: 42%; vertical-align: top; background-color: #e6efff; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">3.67%</span></span></td> </tr> <tr> <td style="width: 51%; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected life of warrants</span></span></td> <td style="width: 42%; vertical-align: top; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4 years</span></span></td> </tr> <tr> <td style="width: 51%; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected annualized volatility</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; background-color: #e6efff; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">122.71%</span></span></td> </tr> <tr> <td style="width: 51%; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share price at grant date</span></span></td> <td style="width: 42%; vertical-align: top; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.16</span></span></td> </tr> <tr> <td style="width: 51%; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Exercise price</span></span></td> <td style="width: 42%; vertical-align: top; background-color: #e6efff; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.16</span></span></td> </tr> <tr> <td style="width: 51%; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Fair value</span></span></td> <td style="width: 42%; vertical-align: top; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.13</span></span></td> </tr> <tr> <td style="width: 51%; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Dividend</span></span></td> <td style="width: 42%; vertical-align: top; background-color: #e6efff; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Nil</span></span></td> </tr> <tr> <td style="width: 51%; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Forfeiture rate</span></span></td> <td style="width: 42%; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0%</span></span></td> </tr> </table> </div> </div> </div> 1000000 0.12 1000000 0.16 127336 In addition, for each $100,000 loaned under the arrangement, the Company has agreed to issue to the lender 200,000 additional non-transferable warrants ("Additional Warrants"). <div> <div style="margin-left: 36pt;"> <div> <table border="0" cellspacing="0" style="width: 80%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><b><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Credit Facility</span></span></span></span></b></td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, July 31, 2023</b></span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 32%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Principal amount</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; width: 32%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">122,739</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Interest expense</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; vertical-align: bottom; width: 32%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">7,018</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Issuance costs</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; width: 32%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(15,629</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Accretion expense</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 32%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,002</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, July 31, 2024</b></span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 32%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>116,130</b></span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Reclassification to accounts payable</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; vertical-align: bottom; width: 32%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(63,796</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Principal amount</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; width: 32%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">12,359</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Interest expense</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; vertical-align: bottom; width: 32%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,186</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Issuance costs</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; width: 32%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(23,592</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Accretion expense</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 32%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">37,220</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, April 30, 2025</b></span></span></td> <td style="text-align: left; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="text-align: right; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 32%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>80,507</b></span></span></td> <td style="text-align: left; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%;"> </td> </tr> </table>   <table border="0" cellspacing="0" style="width: 80%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 32%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Deferred Financing Asset</b></span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, July 31, 2023</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 32%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Issuance costs 1,000,000 warrants</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; width: 32%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">127,336</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Allocation to credit facility</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 32%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(15,629</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, July 31, 2024</b></span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 32%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>111,707</b></span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Allocation to credit facility</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 32%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(28,061</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, April 30, 2025</b></span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 32%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>83,646</b></span></span></td> </tr> </table> </div> </div> </div> 0 122739 7018 -15629 2002 116130 63796 12359 2186 -23592 37220 80507 0 127336 15629 111707 28061 83646 <div> <div style="margin-left: 36pt;"> <table cellpadding="0" cellspacing="0" style="width: 70%; border-collapse: collapse; font-size: 10pt;"> <tr> <td style="width: 51%; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify;"> </td> <td style="width: 42%; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: left;"> <p style="margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> </span></span></p> <p style="margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>February 5, 2024</span></span></span></span></p> </td> </tr> <tr> <td style="width: 51%; vertical-align: top; border-top: 0.75pt solid #000000; text-align: justify;"> </td> <td style="width: 42%; vertical-align: top; border-top: 0.75pt solid #000000; text-align: left;"> </td> </tr> <tr> <td style="width: 51%; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Risk-free interest rate</span></span></td> <td style="width: 42%; vertical-align: top; background-color: #e6efff; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">3.67%</span></span></td> </tr> <tr> <td style="width: 51%; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected life of warrants</span></span></td> <td style="width: 42%; vertical-align: top; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4 years</span></span></td> </tr> <tr> <td style="width: 51%; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected annualized volatility</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; background-color: #e6efff; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">122.71%</span></span></td> </tr> <tr> <td style="width: 51%; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share price at grant date</span></span></td> <td style="width: 42%; vertical-align: top; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.16</span></span></td> </tr> <tr> <td style="width: 51%; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Exercise price</span></span></td> <td style="width: 42%; vertical-align: top; background-color: #e6efff; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.16</span></span></td> </tr> <tr> <td style="width: 51%; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Fair value</span></span></td> <td style="width: 42%; vertical-align: top; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.13</span></span></td> </tr> <tr> <td style="width: 51%; vertical-align: top; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Dividend</span></span></td> <td style="width: 42%; vertical-align: top; background-color: #e6efff; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Nil</span></span></td> </tr> <tr> <td style="width: 51%; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Forfeiture rate</span></span></td> <td style="width: 42%; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: left;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0%</span></span></td> </tr> </table> </div> </div> 3.67 4 122.71 0.16 0.16 0.13 0 0 <div> <div> <p style="margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>12.</b></span></span><span style="padding-left: 20pt;"> </span><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>CAPITAL STOCK AND ADDITIONAL PAID-IN-CAPITAL </b></span></span></p> <p style="text-indent: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Private Placements</b></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On April 29, 2024, the Company completed a non-brokered private placement over two tranches for gross proceeds totaling $954,253 through the issuance of 10,044,765 units in total at a price of $0.095 per unit with each unit consisting of one share of common stock and one-half of one share purchase warrant. Each whole warrant entitles the holder to acquire one additional share of common stock at an exercise price of $0.158 for a period of three years from the date of issuance. Certain directors of the Company purchased an aggregate of 5,669,478 units of the private placement for gross proceeds of $538,600. The Company paid fees of $1,995 and issued 21,000 finder's warrants where each finder's warrant entitles the holder to acquire one share at a price of $0.158 for a period of two years. The Company paid legal fees of $4,515 in connection with this financing.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On December 7, 2023, the Company completed a non-brokered private placement over two tranches for gross proceeds totaling $967,957 through the issuance of 5,377,541 units in total at a price of $0.18 per unit with each unit consisting of one share of common stock and one-half of one share purchase warrant. Each whole warrant entitles the holder to acquire one additional share of common stock at an exercise price of $0.26 for a period of two years from the date of issuance. Certain directors of the Company purchased an aggregate of 2,532,220 units of the private placement for gross proceeds of $455,800. The Company paid fees of $6,480 and issued 36,000 finder's warrants where each finder's warrant entitles the holder to acquire one share at a price of $0.26 until November 7, 2025. The Company paid legal fees of $10,624 in connection with this financing.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Stock Options </b></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On March 25, 2025 the Company granted a total of 1,142,410 stock options to directors and officers of the Company. The stock options have a fair value of $81,455 and are exercisable at a price of US$0.10 (CAD$0.14) per share until March 25, 2030. 533,103 stock options were vested immediately, and 609,307 stock options will vest over six calendar quarters. The Company recognized a share-based compensation expense of $38,011 in connection with this grant.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On October 21, 2024, the Company granted a total of 1,006,750 stock options with a fair value of $106,859 to a consultant of the Company. The stock options are exercisable at a price of $0.11 (C$0.16) per share until October 21, 2029.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On September 20, 2024, the Company granted 1,006,750 stock options to an officer of the Company. The stock options are exercisable at a price of US$0.10 (C$0.14) per share for a period of five years from the date of grant, subject to vesting, 25% vesting on the date of grant and 12% vesting every 3 months thereafter. As at April 30, 2025, the Company recorded share-based compensation of $91,755 on the statement of loss and comprehensive loss in connection with this grant. A total of 2,013,500 in stock options held by a director of the Company were cancelled.</span></span></p> </div> <div> <div> </div> <div> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On May 1, 2024, the Company granted 412,241 stock options to an officer of the Company. The options are exercisable into common shares of the Company at $0.17 (C$0.25) per share for a period of five years from the date of grant, subject to vesting, 25% vesting on the date of grant and 12% vesting every 3 months thereafter. As at April 30, 2025, the Company recorded share-based compensation of $21,790 (July 31, 2024 - $31,849) on the statement of loss and comprehensive loss in connection with this grant. </span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On May 1, 2024, the Company granted a total of 592,238 stock options with a fair value of $82,673 to directors of the Company. The stock options are exercisable at a price of $0.17 (C$0.25) per share until May 1, 2029.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On December 12, 2023, the Company granted a total of 707,752 stock options with a fair value of $140,624 to directors of the Company. The stock options are exercisable at a price of $0.25 (C$0.36) per share until December 12, 2028.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On September 22, 2023, the Company granted a total of 397,780 stock options with a fair value of $90,361 to officers and directors of the Company. The stock options are exercisable at a price of $0.26 (C$0.38) per share until September 22, 2028.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The following incentive stock options were outstanding as at April 30, 2025:</span></span></p> </div> <div> <div style="margin-left: 36pt;"> <div> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt;"> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span>Number<br/>of Options<br/>outstanding</span></span></span></span></span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span>Weighted<br/>Average<br/>Exercise<br/>Price<br/>($)</span></span></span></span></span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> <td style="width: 24%; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span>Expiry Date</span></span></span></span></span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 24%; vertical-align: top; text-align: justify;"> </td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">200,000</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.65</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 24%; vertical-align: top; background-color: #e6efff; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> February 7, 2027 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">260,000</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.53</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 24%; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> February 21, 2028 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">217,780</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.26</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 24%; vertical-align: top; background-color: #e6efff; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> September 22, 2028 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">612,202</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.25</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 24%; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> December 12, 2028 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">974,479</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.17</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 24%; vertical-align: top; background-color: #e6efff; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> May 1, 2029 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,006,750</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.10</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 24%; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> September 20, 2029 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,006,750</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.11</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 24%; vertical-align: top; background-color: #e6efff; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> October 21, 2029 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,142,410</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.10</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 24%; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> March 25, 2030 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; border-bottom: 2.25pt double #000000; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">5,420,371</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; border-bottom: 2.25pt double #000000; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">          0.18</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; border-bottom: 2.25pt double #000000; background-color: #e6efff; text-align: right;"> </td> <td style="width: 24%; vertical-align: top; border-bottom: 2.25pt double #000000; background-color: #e6efff; text-align: justify;"> </td> </tr> </table> </div> </div> </div> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">As at April 30, 2025, the aggregate intrinsic value of the Company's stock options is $Nil (2024 - $Nil). As at April 30, 2025, the Company has 5,420,371 options issued and outstanding where 4,153,099 options are exercisable as at April 30, 2025 with a weighted average exercise price of $0.20.</span></span></p> <div> </div> <p style="text-indent: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Stock option transactions are summarized as follows:</span></span></p> <div> <div style="margin-left: 36pt;"> <div> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify;"> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Number of Options</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Weighted Average<br/>Exercise Price ($)</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance outstanding and exercisable, July 31, 2023</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">3,638,500</span></span></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: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.71</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">    Options granted</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,110,011</span></span></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: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.21</span></span></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; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">    Options expired</span></span></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;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(170,000</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></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;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.76</span></span></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; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance outstanding, July 31, 2024</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">5,578,511</span></span></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: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.52</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">    Options granted</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">3,155,910</span></span></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: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.10</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">    Options expired and cancelled</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(3,314,050</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.68</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance outstanding, April 30, 2025</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: right; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">5,420,371</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: left; width: 1%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: right; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.18</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> </table> </div> </div> </div> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The following weighted average assumptions were used for the Black-Scholes pricing model valuation of stock options issued during the period ended:</span></span></p> <div> <div style="margin-left: 36pt;"> <div> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt;"> <tr> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify;"> </td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> <p style="font-size: 10pt; font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span> </span></span></span></p> <span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>March 25, 2025</span></span></span></span> </td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span> <br/>October 21, 2024</span></span></span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span> <br/>September 20, 2024</span></span></span></span></td> </tr> <tr> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 0.75pt solid #000000; text-align: justify;"> </td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Risk-free interest rate</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2.72%</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2.98%</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2.73%</span></span></td> </tr> <tr> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected life of stock options</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 5 year </span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 5 years </span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 5 years </span></span></td> </tr> <tr> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected annualized volatility</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">145.38%</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">135.38%</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">132.92%</span></span></td> </tr> <tr> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share price at grant date</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.08</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.12</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.13</span></span></td> </tr> <tr> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Dividend</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Nil</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Nil</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Nil</span></span></td> </tr> <tr> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Forfeiture rate</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0%</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0%</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0%</span></span></td> </tr> </table> </div> </div> </div> <div> <p style="text-indent: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Share-Based Payments</b></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company has a stock option plan under which it is authorized to grant options to executive officers and directors, employees and consultants enabling them to acquire up to 10% of the issued and outstanding common stock of the Company. Under the plan the exercise price of each option equals the market price of the Company's stock, less any applicable discount, as calculated on the date of grant. The options can be granted for a maximum term of 5 years with vesting determined by the board of directors.</span></span></p> </div> <div> </div> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Warrants</b></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The following warrants were outstanding at April 30, 2025:</span></span></p> <div> <div style="margin-left: 36pt;"> <div> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt;"> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">Number</span></span></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">of Warrants</span></span></span></span></p> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; text-align: right;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">Exercise</span></span></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">Price ($)</span></span></span></span></p> </td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify; white-space: nowrap;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"> </span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">Expiry Date</span></span></span></span></p> </td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,623,214</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.26</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> November 7, 2025 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">36,000</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.27</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> November 7, 2025 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,065,555</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.26</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> December 7, 2025 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,000,000</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.16</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> February 5, 2028 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">9,000</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.16</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> April 9, 2026 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,873,170</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.16</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> April 9, 2027 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">12,000</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.16</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> April 29, 2026 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,149,212</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.16</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> April 29, 2027 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,700,000</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.12</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> September 12, 2028 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,882,514</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.17</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> October 10, 2028 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 0.75pt solid #000000; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">13,350,665</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 0.75pt solid #000000; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.18</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: right;"> </td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: justify;"> </td> </tr> </table> </div> </div> </div> <div style="margin-left: 36pt;"> <p style="margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Warrant transactions are summarized as follows:</span></span></p> </div> <div> <div style="margin-left: 36pt;"> <table border="0" cellspacing="0" style="border-collapse: collapse; border-color: #000000; font-size: 10pt; width: 100%;"> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Number of Warrants</span></span></td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">Weighted Average</span></span></span></span></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">Exercise Price ($)</span></span></span></span></span></span></p> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, July 31, 2023 </span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; vertical-align: bottom; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">16,661,247</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> <td style="text-align: left; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; vertical-align: bottom; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.69</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">     Warrants issued</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; width: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">8,768,151</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%;"> </td> <td style="text-align: left; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; width: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.19</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">     Warrants expired</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(8,717,823</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.70</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, July 31, 2024  </span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; width: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">16,711,575</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%;"> </td> <td style="text-align: left; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; width: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.41</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">     Warrants issued</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; vertical-align: bottom; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4,582,514</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> <td style="text-align: left; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; vertical-align: bottom; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.15</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">     Warrants expired</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(7,943,424</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.65</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, April 30, 2025</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">13,350,665</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.18</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> </tr> </table> </div> </div> </div> </div> 954253 10044765 0.095 0.158 5669478 538600 1995 21000 0.158 4515 967957 5377541 0.18 0.26 2532220 455800 6480 36000 0.26 10624 1142410 81455 0.1 0.14 533103 609307 38011 1006750 106859 0.11 0.16 1006750 0.1 0.14 0.25 0.12 91755 2013500 412241 0.17 0.25 0.25 0.12 21790 31849 592238 82673 0.17 0.25 707752 140624 0.25 0.36 397780 90361 0.26 0.38 <div> <div style="margin-left: 36pt;"> <div> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt;"> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span>Number<br/>of Options<br/>outstanding</span></span></span></span></span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span>Weighted<br/>Average<br/>Exercise<br/>Price<br/>($)</span></span></span></span></span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> <td style="width: 24%; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span>Expiry Date</span></span></span></span></span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 24%; vertical-align: top; text-align: justify;"> </td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">200,000</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.65</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 24%; vertical-align: top; background-color: #e6efff; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> February 7, 2027 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">260,000</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.53</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 24%; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> February 21, 2028 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">217,780</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.26</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 24%; vertical-align: top; background-color: #e6efff; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> September 22, 2028 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">612,202</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.25</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 24%; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> December 12, 2028 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">974,479</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.17</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 24%; vertical-align: top; background-color: #e6efff; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> May 1, 2029 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,006,750</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.10</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 24%; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> September 20, 2029 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,006,750</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.11</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"> </td> <td style="width: 24%; vertical-align: top; background-color: #e6efff; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> October 21, 2029 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,142,410</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.10</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"> </td> <td style="width: 24%; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> March 25, 2030 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; border-bottom: 2.25pt double #000000; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">5,420,371</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; border-bottom: 2.25pt double #000000; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">          0.18</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; border-bottom: 2.25pt double #000000; background-color: #e6efff; text-align: right;"> </td> <td style="width: 24%; vertical-align: top; border-bottom: 2.25pt double #000000; background-color: #e6efff; text-align: justify;"> </td> </tr> </table> </div> </div> </div> 200000 0.65 2027-02-07 260000 0.53 2028-02-21 217780 0.26 2028-09-22 612202 0.25 2028-12-12 974479 0.17 2029-05-01 1006750 0.1 2029-09-20 1006750 0.11 2029-10-21 1142410 0.1 2030-03-25 5420371 0.18 0 0 5420371 4153099 0.2 <div> <div style="margin-left: 36pt;"> <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: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify;"> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Number of Options</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Weighted Average<br/>Exercise Price ($)</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance outstanding and exercisable, July 31, 2023</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">3,638,500</span></span></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: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.71</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">    Options granted</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,110,011</span></span></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: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.21</span></span></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; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">    Options expired</span></span></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;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(170,000</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></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;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.76</span></span></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; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance outstanding, July 31, 2024</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">5,578,511</span></span></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: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.52</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">    Options granted</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">3,155,910</span></span></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: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.10</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">    Options expired and cancelled</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(3,314,050</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.68</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; text-align: justify; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance outstanding, April 30, 2025</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: right; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">5,420,371</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: left; width: 1%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: right; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.18</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> </table> </div> </div> </div> 3638500 0.71 2110011 0.21 170000 0.76 5578511 0.52 3155910 0.1 3314050 0.68 5420371 0.18 <div> <div style="margin-left: 36pt;"> <div> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt;"> <tr> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify;"> </td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> <p style="font-size: 10pt; font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span> </span></span></span></p> <span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>March 25, 2025</span></span></span></span> </td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span> <br/>October 21, 2024</span></span></span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span> <br/>September 20, 2024</span></span></span></span></td> </tr> <tr> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 0.75pt solid #000000; text-align: justify;"> </td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Risk-free interest rate</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2.72%</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2.98%</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2.73%</span></span></td> </tr> <tr> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected life of stock options</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 5 year </span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 5 years </span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 5 years </span></span></td> </tr> <tr> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected annualized volatility</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">145.38%</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">135.38%</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">132.92%</span></span></td> </tr> <tr> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share price at grant date</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.08</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.12</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$0.13</span></span></td> </tr> <tr> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Dividend</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Nil</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Nil</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Nil</span></span></td> </tr> <tr> <td style="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Forfeiture rate</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0%</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0%</span></span></td> <td style="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0%</span></span></td> </tr> </table> </div> </div> </div> 0.0272 0.0298 0.0273 P5Y P5Y P5Y 1.4538 1.3538 1.3292 0.08 0.12 0.13 0 0 0 0 0 0 0.10 <div> <div style="margin-left: 36pt;"> <div> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt;"> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">Number</span></span></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">of Warrants</span></span></span></span></p> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; text-align: right;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">Exercise</span></span></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">Price ($)</span></span></span></span></p> </td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; text-align: justify; white-space: nowrap;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"> </span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">Expiry Date</span></span></span></span></p> </td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,623,214</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.26</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> November 7, 2025 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">36,000</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.27</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> November 7, 2025 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,065,555</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.26</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> December 7, 2025 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,000,000</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.16</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> February 5, 2028 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">9,000</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.16</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> April 9, 2026 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,873,170</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.16</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> April 9, 2027 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">12,000</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.16</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> April 29, 2026 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,149,212</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.16</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> April 29, 2027 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,700,000</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.12</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> September 12, 2028 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,882,514</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.17</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> October 10, 2028 </span></span></td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 0.75pt solid #000000; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">13,350,665</span></span></td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-top: 0.75pt solid #000000; background-color: #e6efff; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.18</span></span></td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff; text-align: justify;"> </td> </tr> <tr> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: justify;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: right;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: right;"> </td> <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: justify;"> </td> <td style="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; border-bottom: 2.25pt double #000000; text-align: justify;"> </td> </tr> </table> </div> </div> </div> 1623214 0.26 2025-11-07 36000 0.27 2025-11-07 1065555 0.26 2025-12-07 1000000 0.16 2028-02-05 9000 0.16 2026-04-09 2873170 0.16 2027-04-09 12000 0.16 2026-04-29 2149212 0.16 2027-04-29 1700000 0.12 2028-09-12 2882514 0.17 2028-10-10 13350665 0.18 <div> <div style="margin-left: 36pt;"> <table border="0" cellspacing="0" style="border-collapse: collapse; border-color: #000000; font-size: 10pt; width: 100%;"> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Number of Warrants</span></span></td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">Weighted Average</span></span></span></span></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">Exercise Price ($)</span></span></span></span></span></span></p> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, July 31, 2023 </span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; vertical-align: bottom; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">16,661,247</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> <td style="text-align: left; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; vertical-align: bottom; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.69</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">     Warrants issued</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; width: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">8,768,151</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%;"> </td> <td style="text-align: left; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; width: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.19</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">     Warrants expired</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(8,717,823</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.70</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, July 31, 2024  </span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; width: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">16,711,575</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%;"> </td> <td style="text-align: left; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; width: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.41</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">     Warrants issued</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; vertical-align: bottom; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4,582,514</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> <td style="text-align: left; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; vertical-align: bottom; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.15</span></span></td> <td style="text-align: left; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">     Warrants expired</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(7,943,424</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.65</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, April 30, 2025</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">13,350,665</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; background-color: #e6efff;"> </td> <td style="text-align: right; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.18</span></span></td> <td style="text-align: left; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; background-color: #e6efff;"> </td> </tr> </table> </div> </div> 16661247 0.69 8768151 0.19 8717823 0.7 16711575 0.41 4582514 0.15 7943424 0.65 13350665 0.18 <div> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>13.<span style="display: inline-block; width: 24pt;"> </span></b><b>SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS</b></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">During the nine-month periods ended April  30, 2025 and 2024, the Company had the following non-cash financing and investing activities:</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">For the period ended April 30, 2025:</span></span></p> <p style="margin-left: 54pt; text-indent: -18pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">a)<span style="display: inline-block; width: 10pt;"> </span>The Company accrued $220,708 of interest expense as part of the outstanding balance of loan payable and line of credit.</span></span></p> <p style="margin-left: 54pt; text-indent: -18pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">b)<span style="display: inline-block; width: 10pt;"> </span>The Company issued a total of 1,700,000 share purchase warrants, as consideration for loan extension, entitling the holder to acquire one share at an exercise price of US$0.115 until September 12, 2028 with a total fair value of $154,351.</span></span></p> <p style="margin-left: 54pt; text-indent: -18pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">c)<span style="display: inline-block; width: 10pt;"> </span>The Company issued 2,882,514 share purchase warrants for a secured loan agreement entitling the holder to acquire one share at an exercise price of US$0.1735 until October 10, 2028 with a total fair value of $334,423.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">d) </span></span><span style="padding-left: 5pt;"> </span><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company allocated $28,061 to deferred financing asset.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">For the period ended April 30, 2024:</span></span></p> <p style="margin-left: 54pt; text-indent: -18pt; text-align: justify; margin-top: 10pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">a) The Company accrued $192,230 of interest expense as part of the outstanding balance of loan payable.</span></span></p> </div> 220708 1700000 0.115 154351 2882514 0.1735 334423 28061 192230 <div> <p style="margin-left: 36pt; text-indent: -36pt; text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>14.<span style="display: inline-block; width: 24pt;"> </span>SEGMENTED INFORMATION</b></span></span></p> <p style="margin-left: 35.45pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">A reporting segment is defined as a component of the Company that:</span></span></p> <p style="margin-left: 53.45pt; margin-bottom: 0pt; text-indent: -18pt; text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">- <span style="padding-left: 10pt;"> </span>Engages in business activities from which it may earn revenues and incur expenses;</span></span></p> <p style="margin-top: 0pt; margin-left: 53.45pt; margin-bottom: 0pt; text-indent: -18pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">- <span style="padding-left: 10pt;"> </span>Operating results are reviewed regularly by the entity's chief operating decision maker; and</span></span></p> <p style="margin-top: 0pt; margin-left: 53.45pt; text-indent: -18pt; text-align: justify; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">- <span style="padding-left: 10pt;"> </span>Discrete financial information is available.</span></span></p> <p style="margin-left: 35pt; text-align: justify; margin-top: 10pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company has determined that it operates its business in one geographical segment located in California, United States, where all of its equipment and mineral property interests are located.</span></span></p> </div> 1 <div> <p style="margin-left: 36pt; text-indent: -36pt; text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>15.</b><span style="width: 23.5pt; text-indent: 0pt; display: inline-block;"> </span><b>SUBSEQUENT EVENTS</b></span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On May 9, 2025, the Company closed financing and raised $3,000,000 through the issuance of 36,585,361 units at a price of US$0.082 per unit, with each unit comprising one share of common stock and one-half of one share purchase warrant. Each whole warrant entitles the holder to acquire one share of common stock at an exercise price of US$0.15 for a period of three years from the date of issuance.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On May 16, 2025, the Company entered into an agreement to sell its drilling equipment for a sale price of $200,000. $100,000 was received on June 6, 2025 and subsequent payments of $50,000 payable for each of the two drilling rigs sold are to be received when each rig drills its first hole to a depth of 200m, no later than four months after delivery.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On May 22, 2025, the Company granted a total of 3,320,000 stock options to directors, officers, and consultants of the Company. The stock options are exercisable at a price of US$0.10 per share until May 22, 2030. The vesting of certain stock options issued on May 1, 2024, September 19, 2024 and March 25, 2025 has been accelerated such that all 5,420,371 outstanding stock options of the Company are now fully vested.</span></span></p> <p style="margin-left: 36pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">On May 27, 2025, the Company closed the second sale agreement covering 50 acres of land for total sale price of $2,500,000.</span></span></p> </div> 3000000 36585361 0.082 0.15 200000 100000 50000 3320000 0.1 5420371 50 2500000