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Grants and Subsidies
3 Months Ended
Aug. 31, 2025
Grants and Subsidies [Abstract]  
Grants and Subsidies

NOTE 10. Grants and Subsidies

 

INSAT

 

The Canadian government recently announced the Initiative for Sustainable Aviation Technology (“INSAT”) fund whereby $350 million will be invested into innovative companies focused on sustainable aviation solutions. The Company submitted an initial INSAT proposal in April 2025 along with its application partners for a project size of $10.5 million, of which up to 40% of project costs may be reimbursed. The Company expects to receive information related to the success of this initial INSAT application in 2025.

 

Green Fund

 

In August 2024, the Company entered into a funding agreement with the Downsview Aerospace Innovation and Research Centre (“DAIR”). DAIR selected the Company with a project on the Engineering of an eVTOL wing. The funding approved to the Company was $75, of which $50 was recorded as a reduction in Research and Development costs during the year-ended May 31, 2025. As of August 31, 2025, $50 of this grant has been received.