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Consolidated statements of cash flows - USD ($)
3 Months Ended 6 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Apr. 30, 2022
Apr. 30, 2021
Operating activities        
Net profit (loss) for the period $ (20,650,375) $ (7,848,142) $ 7,896,265 $ (14,693,465)
Items not affecting cash        
Share-based compensation 4,477,355 263,214 9,676,164 1,009,385
Depreciation 1,986,776 605,621 3,820,851 1,132,999
Amortization of government grants 0 (51,977) 0 (66,039)
Loss on disposal of assets 0 0 0 13,399
Foreign exchange (gain) loss on translation (95,694) 341,977 (457,908) 661,757
Fair value (gain) loss on financial instruments (2,861,556) 1,924,346 (53,733,121) 1,924,346
Interest and accretion on convertible debt 1,942,755 0 5,208,363 0
Cash flows from (used in) operations before changes in working capital (15,200,739) (4,764,961) (27,589,386) (10,017,618)
Changes in non-cash working capital items        
Accounts receivable (5,685,871) (5,797) (7,428,564) (842,345)
Other receivables (853,606) 174,968 (591,285) (19,031)
Prepayments and deposits 299,464 (4,235,085) 2,370,660 (4,450,774)
Inventory (489,162) (646,079) (2,172,402) (603,696)
Accounts payable and accrued liabilities 4,729,463 3,782,666 (3,224,360) 3,311,236
Net cash provided by operating activities (17,200,451) (5,694,288) (38,635,337) (12,622,228)
Investing activity        
Purchases of plant and equipment (6,072,361) (2,482,161) (15,482,102) (5,098,250)
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
Net cash used in investing activities (24,995,340) (2,852,000) (47,406,762) (5,451,223)
Financing activities        
Proceeds from exercise of warrants 0 0 65,180 0
Proceeds from loans payable 0 1,588,020 0 3,091,220
Proceeds from government grants 0 51,977 0 66,039
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)
Repayment of loans payable (1,548) (413,748) (3,083) (714,741)
Net cash used in financing activities (730,777) 1,058,820 (1,500,466) 23,735,796
Net change in cash and cash equivalents (42,926,568) (7,487,468) (87,542,565) 5,662,345
Cash and cash equivalents, beginning of period 552,242,301 13,813,370 596,858,298 663,557
Cash and cash equivalents, end of period 509,315,733 6,325,902 509,315,733 6,325,902
Non-cash investing activities        
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
Interest Paid 508,530 244,645 984,164 495,334
Private Shares        
Financing activities        
Proceeds from private share issuance, net of share issue costs $ 0 $ 0 $ 0 $ 21,620,000