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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Loss for the year $ (35,103,251) $ (36,805,461)
Items not affecting cash and cash equivalents:    
Amortization of right-of-use asset 121,787 109,464
Amortization of premiums/discounts on short-term investments, net 69,653 0
Accretion of lease liability 13,305 9,570
Derivative liability gain (20,352) (107,024)
Interest income (894,233) (76,056)
Unrealized foreign exchange 845 31,192
Share-based payments 7,888,085 9,476,113
Changes in non-cash working capital items:    
Receivables 482,801 (157,575)
Prepaids 366,256 (563,572)
Accounts payable and accrued liabilities (1,629,065) 2,667,738
Net cash used in operating activities (28,704,169) (25,415,611)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of short-term investments (296,012,498) (57,026,103)
Proceeds from short-term investments sold 242,959,084 22,000,000
Interest from short-term investments 705,020 11,337
Net cash used in investing activities (52,348,394) (35,014,766)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds on issuance of common shares 0 149,999,985
Share issuance costs 0 (9,229,450)
Options exercised 319,832 1,186,833
Warrants exercised 0 596
Shares purchased through employee share purchase plan 66,926 133,071
Lease payments (134,023) (100,282)
Net cash provided by financing activities 252,735 141,990,753
Effect of foreign exchange on cash and cash equivalents 51,279 (56,115)
Change in cash and cash equivalents for the year (80,748,549) 81,504,261
Cash and cash equivalents, beginning of year 137,825,024 56,320,763
Cash and cash equivalents, end of year $ 57,076,475 $ 137,825,024