Share capital (Q3) (Tables)

9 Months Ended

Apr. 30, 2025

Share capital [Abstract]

Share Purchase Warrants Outstanding

The continuity of share purchase warrants is as follows:

			Number of warrants			Weighted Average Exercise price			Remaining life (Years)
Balance, July 31, 2023			1,509,817			$4.25			1.85
Exercised			(180,971)			$0.97			—
Balance, July 31, 2024			1,328,846			$4.72			0.67
Issued on RTO (Note 4)			22,699,987			$1.52			—
Exercised			(91,760)			$0.95			—
Expired			(1,038,016)			$5.67			—
Balance, April 30, 2025			22,899,057			$1.52			4.74

As at April 30, 2025, the following share purchase warrants were outstanding:

Number of warrants outstanding			Exercise price			Expiry date
12,999			CAD$13.08			June 30, 2025
186,071			CAD$1.31			September 29, 2026
22,699,987*			$1.52			November 6, 2029
22,899,057

*
Each warrant exercisable for 0.9692 common stock.

Stock Options Activity

The continuity of the Company’s stock options is as follows:

			Number of options			Weighted average exercise price
Outstanding, October 31, 2024 and July 31, 2024			627,786			$4.01
Forfeited			(13,991)			$3.79
Granted			500,000			$0.23
Cancelled			(27,301)			$3.79
Outstanding, April 30, 2025			1,086,494			$2.28
Exercisable, July 31, 2024			334,964			$4.01
Exercisable, April 30, 2025			446,102			$3.99

Stock Options Outstanding and Exercisable

As at April 30, 2025, the following stock options were outstanding and exercisable:

Number of options outstanding			Exercise price			Expiry date			Number of options exercisable
26,763			CAD$5.24			January 17, 2028			26,763
91,760			CAD$5.24			February 6, 2028			91,760
84,113			CAD$7.26			May 15, 2028			53,909
7,646			CAD$7.72			June 26, 2028			5,734
229,398			CAD$5.24			January 17, 2032			160,578
45,880			CAD$5.24			March 1, 2032			32,116
9,176			CAD$5.24			March 14, 2032			6,424
76,466			CAD$5.24			October 12, 2032			53,526
15,292			CAD$5.24			February 6, 2033			15,292
500,000			$0.23			March 26, 2030			—
1,086,494									446,102

RSUs Outstanding

The continuity of the Company’s RSU’s is as follows:

			Number of RSU’s
Outstanding, July 31, 2023			1,036,892
Granted			177,949
Outstanding, July 31, 2024			1,214,841
Granted			305,867
Forfeited			(37,541)
Outstanding, April 30, 2025			1,483,167

As at April 30, 2025, the following RSUs were outstanding and vested:

Number of RSUs outstanding			Grant date			Number of RSUs Vested
9,176			November 30, 2021			9,176
382,335			December 24, 2021			267,634
10,094			March 1, 2022			10,094
627,029			March 14, 2022			452,684
148,666			July 30, 2024			55,332
305,867			March 26, 2025			214,107
1,483,167						1,009,027

Weighted Average Common Shares Outstanding

			Nine months ended April 30, 2025			Nine months ended April 30, 2024			Three months ended April 30, 2025			Three months ended April 30, 2024
Net income (loss)			$(5,091,435)			$(6,828,193)			$3,522,625			$(1,717,619)
Weighted average number of shares:
Issued common shares at the beginning of the period			11,638,713			11,457,741			28,343,067			11,638,712
Effect of common shares issued during the period			10,885,479			169,120			803,206			—
Weighted average number of shares - basic			22,524,192			11,626,861			29,146,273			11,638,712
Restricted Stock Units in issuance			—			—			1,483,167			—
Weighted average number of shares - diluted			22,524,192			11,626,861			30,629,440			11,638,712
Net income (loss) per share, basic			$(0.23)			$(0.59)			$0.12			$(0.15)
Net income (loss) per share, diluted			$(0.23)			$(0.59)			$0.12			$(0.15)