Reserve for Warrants

12 Months Ended

Jun. 30, 2025

Reserve For Warrants

Reserve for Warrants

21. Reserve for Warrants

The following summarizes the warrants activity for the years ended June 30, 2025, 2024 and 2023:

	2025					2024					2023
	Number of warrants			Weighted average exercise price		Number of warrants			Weighted average exercise price		Number of warrants			Weighted average exercise price
	#			$		#			$		#			$
Opening Balance		99,614			66.69		117,312			52.00		63,162			51.09
Issuance of Octagon Warrants		19,231			USD 13.00
Issuance of Agents’ Warrants		—			—		6,615			USD 34.71		—			—
Issuance of Incentive Warrants		—			—		—			—		5,769			USD 39.00
Issuance of Incentive Warrants		—			—		—			—		5,769			USD 52.00
Issuance of Incentive Warrants		—			—		—			—		5,769			USD 65.00
Issuance of Performance Warrants		—			—		7,692			USD 26.00		—			—
Issuance of Performance Warrants		—			—		7,692			USD 32.50		—			—
Issuance of Performance Warrants		—			—		7,692			USD 39.00		—			—
Issuance of Settlement Warrants		—			—		153,846			USD 19.50		38,462			USD 32.50
Exercised		—			—		—			—		(1,619	)		19.50
Expired		(7,692	)		USD 26.00		(2,462	)		16.25		—			—
Expired		(7,692	)		USD 32.50		(39,433	)		19.50		—			—
Expired		(7,692	)		USD 39.00		(5,494	)		29.25		—			—
Expired		(5,769	)		USD 39.00		—			—		—			—
Expired		(5,769	)		USD 52.00		—			—		—			—
Expired		(5,769	)		USD 65.00		—			—		—			—
Cancellation of Settlement Warrants		—			—		(153,846	)		USD 19.50		—			—
Ending Balance		78,462			USD 44.03		99,614			66.69		117,312			52.00

For more information on the warrant issuances, see Note 15.

The following table summarizes information of warrants outstanding as at June 30, 2025:

Date of expiry	Number of warrants outstanding		Exercise price		Weighted average remaining contractual life
		#		$		Years
March 31, 2026		38,462		USD 32.50		0.75
April 1, 2026		19,231		USD 13.00		0.75
November 19, 2026		14,154		USD 121.88		1.39
September 21, 2028		6,615		USD 34.71		3.23
		78,462		USD 44.03		1.08