Convertible debentures (Tables)

12 Months Ended

Jul. 31, 2025

Convertible debentures [Abstract]

Convertible Debentures

A continuity of the Company’s convertible debentures is as follows:

Balance as at August 1, 2023			$—
Issued			920,000
Fair value of embedded derivative			(73,550)
Transaction costs			(36,484)
Accretion			52,552
Interest			19,026
Balance as at July 31, 2024			$881,544
Issued			13,686,133
Fair value of embedded derivative			(138,250)
Issuance discount			(800,000)
Transaction costs			(85,000)
Repayment			(448,151)
Accretion			346,424
Interest			305,591
Accrued interest transferred to accrued liabilities			(21,129)
Extinguishment			(3,982,650)
Assumed on RTO			3,345,000
Balance as at July 31, 2025			$13,089,512

Breakdown of the Company’s convertible debentures is as follows:

			July 31, 2025			July 31, 2024
Convertible debentures, short-term, related party			$375,027			$881,544
Convertible debentures, long-term, related party			3,914,146			—
Convertible debentures, long-term			8,800,339			—
			$13,089,512			$881,544

Embedded Derivative Liabilities

Below is a continuity of the embedded derivative liabilities:

Balance as at August 1, 2023			$—
Derivative liability component			73,550
Change in fair value of derivative liabilities			845,700
Balance as at July 31, 2024			$919,250
Derivative liability component			138,250
Change in fair value of derivative liabilities			(719,000)
Transferred to equity			(266,000)
Balance as at July 31, 2025			$72,500

Key Inputs Convertible Debentures

The key inputs used in the Monte Carlo model for the derivative liabilities were as follows:

			At initial measurement (for the year ended July 31, 2024)			As at July 31, 2024			At initial measurement (for the year ended July 31, 2025)			As at July 31, 2025
Probability of De-SPAC Transaction closing			90%			90%			90% - 99%			N/A
Risk-free interest rate			4.60% - 4.87%			4.27% - 4.38%			0.61% - 4.25%			2.75%
Expected term (years)			0.35 – 0.82			0.26 - 0.54			0.01 – 2.00			1.63
Expected annual volatility for the Company			90% - 145%			85% - 112%			92.5% - 150%			150%
Expected annual volatility for Focus Impact			2.5% - 5%			2.5%			2.5% - 100%			N/A
Common conversion ratio			0.083 - 0.155			0.083			0.063 – 0.1462			N/A
Foreign exchange rate			0.727 -0.747			0.7242			0.718 – 0.734			N/A