INCOME TAX (Tables)

12 Months Ended

Oct. 31, 2021

Income Tax Disclosure [Abstract]

SCHEDULE OF EFFECTIVE TAX RATES RECONCILIATION

Significant items resulting in the difference between the Company’s income tax rate and the federal statutory rate are as follows:

	2021			2020
	$			$
Loss for the year		(23,549,612	)		(4,672,605	)
Effective statutory rate		33.02	%		31.21	%
Expected income tax recovery at statutory rate		(7,778,880	)		(1,458,320	)
Net adjustment for deductible and non-deductible amounts		2,636,262			250,196
Foreign exchange effect		(9,867	)		(175,597	)
Valuation allowance		5,152,485			1,383,721
Deferred income tax provision (recovery)		–			–

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITY

The Company’s deferred tax assets and liabilities are as follows:

	2021			2020
	$			$
Non-capital loss carry-forwards		5,340,578			2,600,561
Property and equipment		(159,673	)		(123,561	)
Lease liability		180,812			103,789
Convertible debenture		(509,985	)		–
Convertible debenture – derivative liability		2,532,898			–
Exploration and evaluation asset		359,700			-
Share issue costs		-			11,056
Valuation allowance		(7,744,330	)		(2,591,845	)
Deferred income tax asset (liability)		–			–