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CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Loss for the period $ (28,779,266) $ (28,245,962)
Items not affecting cash and cash equivalents:    
Amortization of right-of-use asset 91,340 80,665
Amortization of premiums/discounts on short-term investments, net 170,331 0
Accretion of lease liability 10,555 5,497
Derivative liability loss (gain) (20,352) 470,132
Interest income (450,580) (42,719)
Unrealized foreign exchange 571 26,497
Share-based payments 5,954,444 6,652,613
Changes in non-cash working capital items:    
Receivables 469,562 104,749
Prepaids 1,612,790 1,145,402
Accounts payable and accrued liabilities 92,390 1,770,800
Net cash used in operating activities (20,848,215) (18,032,326)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of short-term investments (197,959,710) (57,026,103)
Proceeds from short-term investments sold 148,254,180 22,000,000
Interest from short-term investments 326,270 11,337
Net cash used in investing activities (49,379,260) (35,014,766)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds on issuance of common shares 0 149,999,985
Share issuance costs 0 (9,229,451)
Options exercised 319,832 1,186,833
Warrants exercised 0 382
Shares purchased through employee share purchase plan 66,926 89,318
Lease payments (99,384) (69,637)
Net cash provided by financing activities 287,374 141,977,430
Effect of foreign exchange on cash and cash equivalents (16,827) (56,920)
Change in cash and cash equivalents for the period (69,956,928) 88,873,418
Cash and cash equivalents, beginning of period 137,825,024 56,320,763
Cash and cash equivalents, end of period $ 67,868,096 $ 145,194,181