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Condensed Consolidated Interim Statements of Cash Flows
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Apr. 30, 2022
USD ($)
Apr. 30, 2021
USD ($)
Apr. 30, 2022
USD ($)
Apr. 30, 2021
USD ($)
Oct. 31, 2021
USD ($)
Oct. 31, 2020
USD ($)
Oct. 31, 2019
USD ($)
Operating activities              
Net profit (loss) for the year $ (20,650,375) $ (7,848,142) $ 7,896,265 $ (14,693,465) $ (226,559,288) $ (9,275,962) $ (4,100,782)
Items not affecting cash              
Share-based compensation 4,477,355 263,214 9,676,164 1,009,385 3,982,943 332,634 97,258
Listing fee         152,719,009 0 0
Depreciation 1,986,776 605,621 3,820,851 1,132,999 2,899,350 1,095,250 183,862
Amortization of government grants 0 (51,977) 0 (66,039) (92,926) (2,226,910) (640,350)
Loss on disposal of assets 0 0 0 13,399 13,399 106,946 0
Foreign exchange (gain) loss on translation (95,694) 341,977 (457,908) 661,757 677,479 (390,901) (33,845)
Fair value (gain) loss on financial instruments (2,861,556) 1,924,346 (53,733,121) 1,924,346 38,254,469 84,454 0
Share-based professional fees         0 455,055 0
Interest and accretion on convertible debt 1,942,755 0 5,208,363 0 1,129,680 9,931 60,337
Cash flows from (used in) operations before changes in working capital (15,200,739) (4,764,961) (27,589,386) (10,017,618) (26,975,885) (9,809,503) (4,433,520)
Changes in non-cash working capital items              
Accounts receivable (5,685,871) (5,797) (7,428,564) (842,345) (3,501,401) (538,854) (29,630)
Other receivables (853,606) 174,968 (591,285) (19,031) (654,216) 471,304 (466,915)
Prepayments and deposits 299,464 (4,235,085) 2,370,660 (4,450,774) (7,990,108) (633,824) (215,537)
Inventory (489,162) (646,079) (2,172,402) (603,696) (1,017,813) (133,438) (46,556)
Accounts payable and accrued liabilities 4,729,463 3,782,666 (3,224,360) 3,311,236 12,262,063 3,215,386 624,090
Total (17,200,451) (5,694,288) (38,635,337) (12,622,228) (27,877,360) (7,428,929) (4,568,068)
Investing activity              
Purchases of plant and equipment (6,072,361) (2,482,161) (15,482,102) (5,098,250) (18,220,339) (5,107,663) (998,069)
Prepaid equipment deposits (6,844,282) (369,839) (19,845,963) (369,839)      
Prepaid construction charges (12,078,697) 0 (12,078,697) 0      
Proceeds from disposal of plant and equipment 0 0 0 16,866 16,866    
Net cash used in investing activities (24,995,340) (2,852,000) (47,406,762) (5,451,223) (18,203,473) (5,107,663) (998,069)
Financing activities              
Proceeds from private share issuance, net of share issue costs 0 0 0 21,620,000 21,620,000 6,481,381 5,379,860
Proceeds from public share issuance, net of share issue costs         525,329,273 0 0
Proceeds from exercise of stock options         169,105    
Proceeds from exercise of warrants 0 0 65,180 0 1,150    
Proceeds from loans payable 0 1,588,020 0 3,091,220 10,091,220 2,153,110 86,572
Proceeds from government grants 0 51,977 0 66,039 92,926 1,182,599 1,697,794
Proceeds from convertible debt         98,400,263    
Capital contribution from the holders of non-controlling interest 330,000 0 330,000 0      
Repayment of lease liabilities (1,059,229) (167,429) (1,892,563) (326,722) (884,024) (387,508) 0
Repayment of loans payable (1,548) (413,748) (3,083) (714,741) (12,544,339) (12,881) 0
Net cash used in financing activities (730,777) 1,058,820 (1,500,466) 23,735,796 642,275,574 9,416,701 7,164,226
Net change in cash and cash equivalents (42,926,568) (7,487,468) (87,542,565) 5,662,345 596,194,741 (3,119,891) 1,598,089
Cash and cash equivalents, beginning of period 552,242,301 13,813,370 596,858,298 663,557 663,557 3,783,449 2,185,360
Cash and cash equivalents, end of period 509,315,733 6,325,902 509,315,733 6,325,902 596,858,298 663,557 3,783,449
Non-cash investing activities              
Accrual for purchase of plant and equipment         2,074,681 0 0
Non cash purchase of plant and equipment         2,084,235 0 0
Purchase of plant and equipment in payables and accruals 23,579,072 1,775,352 29,681,735 2,632,909      
Non-cash financing activities              
Equity issued for non-cash costs 0 0 0 455,055 $ 0 $ 947,464 $ 118,759
Interest paid $ 508,530 $ 244,645 $ 984,164 $ 495,334