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Issued capital (Tables)
12 Months Ended
Sep. 30, 2022
Disclosure Of Issued Capital [Abstract]  
Summary of Warrants and Share Options

The following outlines the movements of the Company's common share purchase warrants, share options and RSUs:

 

 

 

Reserves

 

 

 

Warrants

 

 

Share Based Awards

 

 

Total

 

 

 

($)

 

 

($)

 

 

($)

 

Balance at September 30, 2020

 

 

 

 

 

 

 

 

 

Initial public offering:

 

 

 

 

 

 

 

 

 

Common share purchase warrants issued to for cash

 

 

7,045

 

 

 

 

 

 

7,045

 

Underwriters’ fees and issuance costs

 

 

(416

)

 

 

 

 

 

(416

)

Ely Warrants recognized in equity

 

 

2,603

 

 

 

 

 

 

2,603

 

Exercise of Ely Warrants

 

 

(27

)

 

 

 

 

 

(27

)

Share-based compensation - share options

 

 

 

 

 

2,199

 

 

 

2,199

 

Balance at September 30, 2021

 

 

9,205

 

 

 

2,199

 

 

 

11,404

 

Exercise of Ely Warrants

 

 

(913

)

 

 

 

 

 

(913

)

Share options issued to replace Golden Valley’s share options

 

 

 

 

 

8,991

 

 

 

8,991

 

Share-based compensation - share options

 

 

 

 

 

1,551

 

 

 

1,551

 

Share-based compensation - RSUs

 

 

 

 

 

341

 

 

 

341

 

Balance at September 30, 2022

 

 

8,292

 

 

 

13,082

 

 

 

21,374

 

Summary of Share Options Activities

The following outlines the movements of the Company's common share options:

 

 

 

Number of
options

 

 

Weighted Average
Exercise Price
($)

 

Balance at September 30, 2021

 

 

3,016,200

 

 

 

4.97

 

Golden Valley share options exchanged for GRC share options (Note 3)

 

 

2,498,045

 

 

 

1.32

 

Granted

 

 

577,031

 

 

 

4.52

 

Forfeited

 

 

(61,200

)

 

 

4.26

 

Balance at September 30, 2022

 

 

6,030,076

 

 

 

3.42

 

Summary of Fair Value Assumptions

The fair value of the 577,031 share options granted during the year ended September 30, 2022 was estimated at the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions:

 

Risk-free interest rate

 

 

1.39

%

Expected life (years)

 

 

2.87

 

Expected volatility

 

 

47.99

%

Expected dividend yield

 

 

0.14

%

Estimated forfeiture rate

 

 

0.05

%

Summary of Range of Options Outstanding and Exercisable

A summary of share options outstanding and exercisable as at September 30, 2022, are as follows:

 

 

 

Options Outstanding

 

Options Exercisable

Exercise Price
($)

 

Number of Options Outstanding

 

Weighted Average Exercise Price
($)

 

Weighted Average Remaining Contractual Life
(years)

 

Number of Options exercisable

 

Weighted Average Exercise Price
($)

 

Weighted Average Remaining Contractual Life
(years)

1.00 to 1.99

 

2,450,929

 

1.38

 

2.22

 

1,225,465

 

1.38

 

2.22

2.00 to 2.99

 

97,116

 

2.48

 

4.08

 

36,058

 

2.48

 

4.08

3.00 to 3.99

 

17,514

 

3.06

 

4.64

 

4,379

 

3.06

 

4.64

4.00 to 4.99

 

959,517

 

4.66

 

4.10

 

638,159

 

4.66

 

4.10

5.00 and above

 

2,505,000

 

5.00

 

3.44

 

2,505,000

 

5.00

 

3.44

 

 

6,030,076

 

3.42

 

3.44

 

4,409,060

 

3.92

 

3.45