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Share Capital (Tables)
12 Months Ended
Oct. 31, 2023
Share capital [Abstract]  
Schedule of Stock Option Transactions Stock option transactions are summarized as follows:
    Number of Options   Weighted Average Exercise Price 
 Balance, October 31, 2021    5,060,000    0.40 ($CDN 0.50) 
 Granted    700,000    0.56 ($CDN 0.73) 
 Cancelled    (300,000)   0.40 ($CDN 0.50) 
 Balance, October 31, 2022    5,460,000    0.39 ($CDN 0.53) 
 Cancelled    (300,000)   0.40 ($CDN 0.50) 
 Balance, October 31, 2023    5,160,000    0.39 ($CDN 0.53)  
Schedule of Options Were Outstanding and Exercisable The following options were outstanding and exercisable at October 31, 2023:
Grant Date  Expiry Date  Exercise Price   Number of Options Outstanding   Number of Options Exercisable   Weighted Average Remaining Life 
April 15, 2021  April 14, 2026  $CDN 0.50 ($0.36)    3,500,000    3,500,000    2.45 
August 5, 2021  August 4, 2026     $CDN 0.50 ($0.36)    800,000    800,000    2.76 
September 24, 2021  September 23, 2026     $CDN 0.50 ($0.36)    160,000    160,000    2.90 
December 7, 2021  December 7, 2026   $CDN 1.00 ($0.72)    100,000    66,666    3.10 
March 2, 2022  March 2, 2027   $CDN 1.00 ($0.72)    300,000    200,000    3.34 
September 22, 2022  September 22, 2027   $CDN 0.35 ($0.25)    300,000    200,000    3.90 
            5,160,000    4,926,666    2.66 

 

The following options were outstanding and exercisable at October 31, 2022:
Grant Date  Expiry Date  Exercise Price   Number of Options Outstanding   Number of Options Exercisable   Weighted Average Remaining Life 
April 15, 2021  April 14, 2026   $CDN 0.50 ($0.40)    3,700,000    2,466,666    3.45 
August 5, 2021  August 4, 2026     $CDN 0.50 ($0.40)    800,000    533,334    3.76 
September 24, 2021  September 23, 2026     $CDN 0.50 ($0.40)    260,000    173,332    3.90 
December 7, 2021  December 7, 2026     $CDN 1.00 ($0.79)    100,000    33,333    4.10 
March 2, 2022  March 2, 2027     $CDN 1.00 ($0.79)    300,000    100,000    4.34 
September 22, 2022  September 22, 2027     $CDN 0.35 ($0.26)    300,000    100,000    4.90 
            5,460,000    3,406,665    3.66 
Schedule of Range of Assumptions Used to Value Stock Options Granted A summary of the range of assumptions used to value stock options granted for the years ended October 31, 2023 and 2022 is as follows:
Options   For the Year Ended October 31, 2023    For the Year Ended October 31, 2022 
Expected volatility   
—  
    78% - 80% 
Risk-free interest rate   
—  
    1.23% - 3.70% 
Expected life (in years)   
—  
    3 – 5 
Dividend rate   —      —   
           
Schedule of Company’s Shares Issuable for Silver Bull Warrants At October 31, 2023, the following RSUs were outstanding:
   

Number of RSUs Outstanding 

       Fair Value Per Arras Share issuable 
 Balance, October 31, 2022 and 2021     
—  
    $CDN    
—  
 
 Granted    414,984    $CDN    0.47 
 Balance, October 31, 2023    414,984    $CDN   0.47 

 

Schedule of Company’s Shares Issuable A continuity of the Company’s shares issuable for Silver Bull Warrants is as follows:
Warrants   Shares   Weighted Average Exercise Price Per Arras share issuable   Weighted Average Exercise Price Per Silver Bull Share issuable 
 Balance, October 31, 2021    1,971,289   $0.25   $0.34 
 Balance, October 31, 2023 and 2022    1,971,289   $0.25   $0.34 
Schedule of Warrants were Outstanding The following warrants were outstanding at October 31, 2023:
Expiry Date  Exercise Price   Number of Options Outstanding   Weighted Average Remaining Life 
October 27, 2025  $0.25    1,971,289    1.99