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Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - CAD ($)
$ in Thousands
6 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Cash Flows from Operating Activities:    
Net Income (loss) $ (19,553) $ 16,753
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 108 61
Stock-based compensation 2,767 118
Registered Share Offering Costs 290
Change in fair value of Forward Purchase Agreement 740
Gain on Termination of Forward Purchase Agreement (21,400)
Change in Warrant liability 9,129 (2,030)
Changes in operating assets and liabilities:    
Prepaid expenses 211 1,580
Accounts receivable (124) 394
Accounts payable 227 (341)
Accrued liabilities 2,266 (346)
Operating leases (3) (3)
Net cash used in operating activities (4,972) (4,184)
Cash Flows used in Investing Activities:    
Purchase of property and equipment (673) (7)
Net cash used in investing activities (673) (7)
Cash Flows from Financing Activities:    
Proceeds from Sales Agreement 19,092
Proceeds from Registered Securities Offering 3,947
Registered Share Offering Costs (510)
Proceeds from exercise of stock options 28
Forward Purchase Agreement termination (278)
Proceeds from warrants exercised 3,282 103
Net cash provided by financing activities 22,402 3,262
Net Change in Cash and Cash Equivalents 16,757 (929)
Cash and Cash Equivalents - Beginning of period 7,547 1,816
Cash and Cash Equivalents - End of period $ 24,304 $ 887