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Grants and Subsidies
9 Months Ended
Feb. 28, 2026
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. In October 2025, the Company was informed that this application was successful.

 

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 $30 has been received as of February 28, 2026.