Share capital (Tables)

9 Months Ended

Aug. 31, 2022

Share capital.

Schedule of common stock outstanding roll forward

	in thousands of dollars, except share amounts
	Number of shares	Ascribed value
		$
November 30, 2021	145,009,811	180,820
Exercise of options	81,674	76
Restricted Share Units	745,548	998
Joint venture equity contribution (note 3(b))	31,469	51
August 31, 2022, issued and outstanding	145,868,502	181,945

Schedule of assumptions used in the pricing model

	August 31, 2022
Risk-free interest rates	1.07%
Exercise price	CDN$2.28
Expected life	3 years
Expected volatility	60.6%
Expected dividends	Nil

Summary of the company's stock option plan

	August 31, 2022
		Weighted average
		exercise price
	Number of options	CDN$
Balance – beginning of the fiscal year	10,539,324	2.54
Granted	1,734,500	2.21
Exercised	(81,674)	0.85
Expired	(5,000)	2.52
Balance – end of the period	12,187,150	2.50

Summary of information about stock options

	Outstanding			Exercisable		Unvested
			Weighted		Weighted
	Number of	Weighted	average	Number of	average	Number of
	outstanding	average years	exercise price	exercisable	exercise price	unvested
Range of exercise price (CDN$)	options	to expiry	CDN$	options	CDN$	options
$1.01 to $1.50	870,000	0.27	1.05	870,000	1.05	—
$2.01 to $2.50	2,599,500	3.59	2.26	1,676,498	2.29	923,002
$2.51 to $3.00	6,920,150	2.70	2.64	6,063,648	2.66	856,502
$3.01 to $3.41	1,797,500	2.31	3.03	1,797,500	3.03	—
	12,187,150	2.66	2.50	10,407,646	2.52	1,779,504

Schedule of restricted share Units and deferred share units plans

	Number of RSUs	Number of DSUs
Balance – beginning of the fiscal year	—	1,277,445
Granted	1,002,816	230,203
Vested	(745,548)	—
Balance – end of the period	257,268	1,507,648