SHARE CAPITAL (Tables)

The following table summarizes changes in the Company’s outstanding stock options for the thirteen months ended September 30, 2023:


	NUMBER	WEIGHTED AVERAGE EXERCISE PRICE




Balance - August 31, 2022	2,762,734	$11.08
Granted	321,000	$	4.68
Exercised	(26,300)	$	1.47
Cancelled / Forfeited	(227,758)	$	17.33

Balance - September 30, 2023	2,829,676	$	9.94

The following is a summary of the outstanding stock options as at September 30, 2023:


OPTIONS OUTSTANDING			OPTIONS EXERCISABLE
Range of Exercise Prices	Quantity Outstanding	Weighted Average Remaining Contractual Life (years)	Quantity Exercisable
$1.20 - $3.00	83,307	5.2	59,857
$3.01 - $5.00	293,937	7.4	212,437
$5.01 - $10.00	1,549,740	8.3	1,140,129
$10.01 - $20.00	663,367	5.9	619,167
$20.01 - $30.00	105,575	5.2	105,575
$30.01 - $45.08	133,750	5.6	133,750

	2,829,676	7.3	2,270,915

The following inputs were used to fair value the options that were granted during the thirteen months ended September 30, 2023 and the year ended August 31, 2022:


	SEPTEMBER 30, 2023	AUGUST 31, 2022
Risk free interest rate	3.03% - 3.47%	1.18% - 2.98%
Expected life of options	5.0 - 6.0 years	5.0 - 6.0 years
Expected annualized volatility	83.68% - 87.51%	85.28% - 88.78%
Expected dividend yield	—	—
Forfeiture rate	11.3% - 11.7%	11.4% - 11.7%

The following table summarizes the movements in the Company’s outstanding RSUs:


			NUMBER




Balance - August 31, 2022			586,459
Granted			371,317
Exercised			(59,138)
Cancelled / Forfeited			(17,489)
Balance - September 30, 2023			881,149

The following table summarizes the movements in the Company’s outstanding PSUs:


			NUMBER




Balance - August 31, 2022			66,233
Granted			211,544
Exercised			(948)
Cancelled / Forfeited			(16,116)
Balance - September 30, 2023			260,713