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DERIVATIVE LIABILITIES (Tables)
12 Months Ended
Sep. 30, 2025
Disclosure of detailed information about financial instruments [abstract]  
Summary of carrying value of derivative liabilities and the input used to estimate fair value
The following table outlines changes in derivative liabilities, which are measured at fair value with changes recognized in the statements of operations and comprehensive loss.


SEPTEMBER 30, 2025SEPTEMBER 30, 2024
CURRENTLONG-TERMCURRENTLONG-TERM
Top-up Rights$28,821 $— $— $6,338 
Secured Convertible Loan Agreement11 — 368 — 
Non-voting Class A preferred shares— — 4,771 — 
Warrants— 5,506 — 7,772 
$28,832 $5,506 $5,139 $14,110 
Summary of fair value of warrants
The following inputs were used to estimate the fair value of the Warrants at September 30, 2025 and September 30, 2024:

SEPTEMBER 30, 2025SEPTEMBER 30,
2024
Risk free interest rate2.47 %2.70 %
Life of Warrants (years)2.513.51
Market price of Common Shares$2.82 $2.45 
Expected future volatility of Common Shares83.00 %123.00 %
Fair value per Warrant$1.24 $1.75 
The following inputs were used to estimate the fair value of the Top-up Rights as at September 30, 2025, and September 30, 2024:

SEPTEMBER 30, 2025
STOCK OPTIONSWARRANTSPSUsRSUsTOP-UP OPTIONS
Average exercise price(1)
$1.20 - $45.08
$2.50$—$—
$1.20 - $2.23
Risk free interest rate
2.44% - 2.57%
2.50%2.48%2.46%3.10%
Expected future volatility of Common Shares
60.00% - 70.00%
70.00%70.00%70.00%40.00%
Expected life(1)
1.42 - 3.26
2.42
2.101.750.34
Forfeiture rate10%—%25%5%—%

SEPTEMBER 30, 2024
STOCK OPTIONSWARRANTSPSUsRSUsTOP-UP OPTIONS
Average exercise price(1)
$1.20 - $45.08
$2.50$—$—
1.20 - 2.23
Risk free interest rate
2.78% - 2.89%
2.79%2.83%2.87%3.10%
Expected future volatility of Common Shares
75.00% - 85.00%
75.00%75.00%75.00%60.00%
Expected life(1)
2.14 - 4.40
0.12
5.92
5.18
1.41
Forfeiture rate10%—%25%6%—%
(1)Exercise price and expected life for stock options were determined using the range of exercise prices disclosed in Note 14(iv).