Condensed Interim Consolidated Balance Sheets (Unaudited) - CAD ($) $ in Thousands	Nov. 30, 2025	May 31, 2025
Current assets:
Cash and cash equivalents	$ 24,304	$ 7,547
Prepaid expenses	319	530
Other receivable	220	96
Total current assets	24,843	8,173
Operating lease assets	21	30
Property and equipment, net	774	209
Total Assets	25,638	8,412
Current liabilities:
Accounts payable	906	679
Accrued liabilities	2,891	625
Operating lease liabilities	19	22
Total current liabilities	3,816	1,326
Warrant liabilities	7,352	4,488
Operating lease liabilities		8
Total Liabilities	11,168	5,822
Shareholders’ Equity:
Preferred shares, no par value; unlimited shares authorized; 4,500 issued and outstanding (4,500 as of May 31, 2025)	6,277	6,277
Additional paid-in capital	(72,126)	(78,766)
Accumulated deficit	(29,036)	(9,483)
Total Shareholders’ Equity	14,470	2,590
Total Liabilities and Shareholders’ Equity	25,638	8,412
Class A Ordinary Shares
Shareholders’ Equity:
Class A ordinary shares, no par value; unlimited shares authorized; 43,925,605 issued and outstanding (32,325,709 as of May 31, 2025)	$ 109,355	$ 84,562