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Consolidated statements of cash flows - USD ($)
3 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Operating activities    
Net profit (loss) for the year $ 28,546,640 $ (6,845,323)
Items not affecting cash    
Share-based compensation 5,198,809 746,171
Depreciation 1,834,075 527,378
Amortization of government grants 0 (14,062)
Loss on disposal of assets 0 13,399
Foreign exchange (gain) loss on translation (362,214) 319,780
Fair value (gain) loss on financial instruments (50,871,565) 0
Interest expense/income 3,265,608 0
Cash flows from (used in) operations before changes in working capital (12,388,647) (5,252,657)
Changes in non-cash working capital items    
Accounts receivable (1,742,693) (836,548)
Other receivables 262,321 (193,999)
Prepayments and deposits 2,071,196 (215,689)
Inventory (1,683,240) 42,383
Accounts payable and accrued liabilities (5,202,491) (249,677)
Net cash provided by operating activities (18,683,554) (6,706,187)
Investing activity    
Purchases of plant and equipment (12,161,073) (2,837,842)
Prepaid equipment deposits (13,001,681) 0
Proceeds from disposal of plant and equipment 0 16,866
Net cash used in investing activities (25,162,754) (2,820,976)
Financing activities    
Proceeds from exercise of warrants 65,180 0
Proceeds from loans payable 0 1,503,200
Proceeds from government grants 0 14,062
Repayment of lease liabilities (833,334) (159,293)
Repayment of loans payable (1,535) (300,993)
Net cash used in financing activities (769,689) 22,676,976
Net change in cash and cash equivalents (44,615,997) 13,149,813
Cash and cash equivalents, beginning of period 596,858,298 663,557
Cash and cash equivalents, end of period 552,242,301 13,813,370
Non-cash investing activities    
Accrual for purchase of plant and equipment 3,351,331 635,804
Non-cash financing activities    
Equity issued for non-cash costs 0 455,055
Interest paid 475,634 250,689
Private Shares    
Financing activities    
Proceeds from share issuance, net of share issuance costs $ 0 $ 21,620,000