Share capital (Tables)

3 Months Ended

Feb. 28, 2025

Share capital

Schedule of common stock outstanding roll forward

	in thousands of dollars, except share amounts
	Number of shares	Ascribed value
		$
November 30, 2024	161,085,313	190,503
Exercise of options	263,333	195
Restricted Share Units	2,647,945	1,863
Services settled by common shares	24,260	30
February 28, 2025, issued and outstanding	164,020,851	192,591

Schedule of assumptions used in the pricing model

	February 28, 2025	November 30, 2024
Risk-free interest rates	2.85%	3.84%
Exercise price	CDN$1.52	CDN$0.59
Expected life	3 years	3 years
Expected volatility	89.3%	65.5%
Expected dividends	Nil	Nil

Summary of the company's stock option plan

		February 28, 2025
		Weighted average
		exercise price
	Number of options	CDN$
Balance – beginning of the period	13,630,234	1.77
Granted	2,125,000	1.52
Exercised	(263,333)	0.71
Expired	(1,345,000)	3.02
Balance – end of the period	14,146,901	1.63

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
$0.59 to $1.00	5,555,001	3.25	0.69	4,729,998	0.71	825,003
$1.01 to $2.00	2,125,000	4.77	1.52	1,024,999	1.52	1,100,001
$2.01 to $3.00	6,466,900	0.81	2.48	6,466,900	2.48	—
	14,146,901	2.36	1.63	12,221,897	1.71	1,925,004

Schedule of restricted share Units and deferred share units plans

	Number of RSUs	Number of DSUs	Number of Fixed DSUs
Balance – beginning of the period	2,793,339	3,133,412	—
Granted	1,677,204	72,943	180,000
Vested/Converted	(2,672,205)	—	—
Balance – end of the period	1,798,338	3,206,355	180,000