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CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Loss for the period $ (21,100,994) $ (28,779,266)
Items not affecting cash and cash equivalents:    
Amortization of right-of-use asset 91,341 91,340
Amortization/(Accretion) of premiums/discounts on short-term investments, net (482,843) 170,331
Accretion of lease liability 5,821 10,555
Derivative liability gain 0 (20,352)
Accrued Investment income 81,350 124,310
Unrealized foreign exchange (661) 571
Share-based payments 4,161,772 5,954,444
Changes in non-cash working capital items:    
Receivables (127,082) 469,562
Prepaids 1,122,248 1,612,790
Accounts payable and accrued liabilities 1,118,449 92,390
Net cash used in operating activities (15,293,299) (20,521,945)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of short-term investments (258,307,260) (197,959,710)
Proceeds from short-term investments sold 255,044,760 148,254,180
Net cash used in investing activities (3,262,500) (49,705,530)
CASH FLOWS FROM FINANCING ACTIVITIES    
Options exercised 0 319,832
Shares purchased through employee share purchase plan 50,291 66,926
Lease payments (104,800) (99,384)
Net cash provided by financing activities (54,509) 287,374
Effect of foreign exchange on cash and cash equivalents 824 (16,827)
Change in cash and cash equivalents for the period (18,609,484) (69,956,928)
Cash and cash equivalents, beginning of period 57,076,475 137,825,024
Cash and cash equivalents, end of period $ 38,466,991 $ 67,868,096