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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Operating activities    
Net loss for the year $ (12,067,231) $ (9,871,748)
Items not affecting cash:    
Depreciation 953 1,771
Share based compensation 582,966 1,290,327
Change in fair value of derivative liabilities (719,000) 845,700
Change in fair value of mandatory convertible debentures (70,500) 27,500
Change in fair value of warrant liabilities (1,728,392) 0
Change in fair value of stock option liabilities (196,625) 0
Gain on settlement of accounts payable (899,015) 0
Loss on investment in associate 512,011 0
Impairment of carbon credits 1,224,060 0
Stop-loss provision loss 1,065,235 0
Non-cash general and administrative 0 50,000
Accrued interest 305,592 19,024
Accretion expense 346,424 52,554
Changes in non-cash working capital items:    
Trade receivable (7,360) 0
GST receivable (54,988) 0
Corporate taxes receivables (171,573) (39,121)
Carbon credits (143,211) 0
Prepaid expenses (140,755) 267,294
Accounts payable and accrued liabilities 5,731,504 5,807,752
Net cash used in operating activities (6,429,905) (1,548,947)
Investing activity    
Cash assumed on RTO 1,661,645 0
Net cash provided by investing activity 1,661,645 0
Financing activities    
Proceeds from convertible debentures 9,400,650 883,516
Proceeds from warrant exercise 86,237 176,113
Proceeds from issuance of mandatory convertible debentures 0 50,000
Proceeds from PIPE financing 2,230,000 0
Proceeds from ELOC drawdown 2,879,930 0
Net cash provided by financing activities 14,596,817 1,109,629
Effect of exchange rate changes on cash 1,448 (29,547)
Net increase (decrease) in cash 9,830,005 (468,865)
Cash, Beginning 21,106 489,971
Cash, Ending 9,851,111 21,106
Presented as:    
Cash 3,446,111 21,106
Restricted cash 6,405,000 0
Cash, Ending 9,851,111 21,106
Supplemental information:    
Taxes paid 0 0
Interest paid 0 0
Repayment of convertible debentures from ELOC drawdown proceeds 448,151 0
Fair value of warrants exercised 389,729 0
Fair value of securities issued for the RTO (Note 4) 3,147,117 0
Fair value of securities issued for settlement of accounts payable 10,888,912 0
Fair value of securities issued for services 585,155 0
Fair value of securities issued for carbon credits 1,982,424 0
Fair value of securities issued for the acquisition of interest in associate 1,220,000 0
Fair value of securities issued for ELOC commitment $ 363,333 $ 0