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Consolidated statements of cash flows - USD ($)
3 Months Ended 9 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Jul. 31, 2022
Jul. 31, 2021
Operating activities        
Net loss for the period $ (27,521,656) $ (6,897,318) $ (19,625,391) $ (21,590,783)
Items not affecting cash        
Share-based compensation 3,998,966 298,489 13,675,130 1,307,874
Depreciation 2,969,337 697,604 6,790,188 1,830,603
Amortization of government grants 0 (26,887) 0 (92,926)
Loss on disposal of assets 0 0 0 13,399
Foreign exchange (gain) loss on translation (103,895) (152,562) (561,803) 509,195
Fair value (gain) loss on financial instruments (8,567,022) 508,850 (62,300,143) 2,433,196
Interest and accretion on convertible debt 2,886,555 0 8,094,918 0
Cash flows from (used in) operations before changes in working capital (26,337,715) (5,571,824) (53,927,101) (15,589,442)
Changes in non-cash working capital items        
Accounts receivable 6,233,862 (1,467,219) (1,194,702) (2,309,564)
Other receivables (2,655,693) (37,157) (3,246,978) (56,188)
Prepayments and deposits (5,914,245) (2,668,131) (3,543,585) (7,118,905)
Inventory (2,468,948) (719,231) (4,641,350) (1,322,927)
Accounts payable and accrued liabilities 5,953,737 6,518,975 2,729,377 9,830,211
Net cash provided by operating activities (25,189,002) (3,944,587) (63,824,339) (16,566,815)
Investing activity        
Purchases of plant and equipment (29,555,201) (5,804,757) (45,037,303) (10,903,007)
Prepaid equipment deposits (42,745,602) (794,002) (62,591,565) (1,163,841)
Prepaid construction charges (9,812,572) 0 (21,891,269) 0
Proceeds from disposal of plant and equipment 0 0 0 16,866
Net cash used in investing activities (82,113,375) (6,598,759) (129,520,137) (12,049,982)
Financing activities        
Proceeds from exercise of warrants 0 0 65,180 0
Proceeds from loans payable 0 7,000,000 0 10,091,220
Proceeds from government grants 0 26,887 0 92,926
Capital contribution from the holders of non-controlling interest 0 0 330,000 0
Repayment of lease liabilities (1,366,336) (204,231) (3,258,899) (530,953)
Repayment of loans payable (1,548) (423,595) (4,631) (1,138,336)
Net cash used in financing activities 247,013,110 6,568,166 245,512,644 30,303,962
Net change in cash and cash equivalents 139,710,733 (3,975,180) 52,168,168 1,687,165
Cash and cash equivalents, beginning of period 509,315,733 6,325,902 596,858,298 663,557
Cash and cash equivalents, end of period 649,026,466 2,350,722 649,026,466 2,350,722
Non-cash investing activities        
Purchase of plant and equipment in payables and accruals (12,653,536) 22,392 17,028,199 2,655,301
Non-cash financing activities        
Equity issued for non-cash costs 0 0 0 455,055
Interest Paid (648,032) (437,163) (1,632,196) (932,497)
Proceeds from exercise of stock options 0 169,105 0 169,105
Proceeds From Issuance Of Convertible Debt 198,682,238 0 198,682,238 0
Private Shares        
Financing activities        
Proceeds from private share issuance, net of share issuance costs 0 0 0 21,620,000
Public Shares        
Financing activities        
Proceeds from private share issuance, net of share issuance costs $ 49,698,756 $ 0 $ 49,698,756 $ 0