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Consolidated statements of cash flows - USD ($)
$ in Millions
12 Months Ended
Oct. 31, 2022
Oct. 31, 2021
Oct. 31, 2020
Operating activities      
Net loss for the period $ (53.7) $ (226.6) $ (9.4)
Items not affecting cash:      
Share-based compensation 17.5 4.0 0.3
Excess of fair value over consideration transferred 0.0 152.7 0.0
Depreciation 10.1 2.9 1.1
Amortization of government grants 0.0 0.0 (2.2)
Loss on disposal of assets (0.2) 0.0 0.1
Foreign exchange (gain) loss on translation (1.4) 0.7 (0.3)
Fair value (gain) loss on financial instruments (67.5) 38.3 0.1
Share-based professional fees 0.0 0.0 0.5
Interest expense 17.4 3.0 0.5
Interest income (7.0) (0.1) 0.0
Interest paid (2.4) (1.9) (0.5)
Interest received 5.4 0.1 0.0
Cash flows from (used in) operations before changes in working capital (81.8) (26.9) (9.8)
Changes in non-cash working capital items      
Accounts receivable 2.6 (3.5) (0.5)
Other receivables (5.2) (0.7) 0.4
Prepayments and deposits (3.6) (4.8) (0.6)
Inventories (6.2) (1.0) (0.1)
Accounts payable and accrued liabilities 21.6 12.3 3.2
Cash used by operating activities (72.6) (24.6) (7.4)
Investing activity      
Purchases of plant and equipment (112.3) (18.2) (5.1)
Prepaid equipment deposits (76.4) (3.2) 0.0
Prepaid construction charges (1.4) 0.0 0.0
Cash used by investing activities (190.1) (21.4) (5.1)
Financing activities      
Proceeds from exercise of stock options 0.0 0.2 0.0
Proceeds from exercise of warrants 0.1 0.0 0.0
Proceeds from convertible debt 198.7 98.4 0.0
Proceeds from loan payable 0.0 10.1 2.1
Proceeds from government grants 0.0 0.0 1.2
Capital contribution from the holders of non-controlling interest 0.3 0.0 0.0
Repayment of lease principal (4.7) (0.9) (0.4)
Repayment of loan payable 0.0 (12.5) 0.0
Cash provided by financing activities 244.1 642.2 9.4
Net change in cash and cash equivalents (18.6) 596.2 (3.1)
Cash and cash equivalents, beginning of year 596.9 0.7 3.8
Cash and cash equivalents, end of year 578.3 596.9 0.7
Non-cash investing activities      
Purchase of plant and equipment in payables and accruals 7.2 2.1 0.0
Non cash purchase of plant and equipment 0.0 2.1 0.0
Non-cash financing activities      
Equity issued for non-cash costs 0.0 0.0 0.9
Private Shares      
Financing activities      
Proceeds from private and public shares, net of share issuance costs 0.0 21.6 6.5
Public Shares      
Financing activities      
Proceeds from private and public shares, net of share issuance costs $ 49.7 $ 525.3 $ 0.0