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Condensed Interim Consolidated Balance Sheets (Unaudited) - CAD ($)
$ in Thousands
Feb. 28, 2026
May 31, 2025
Current assets:    
Cash and cash equivalents $ 19,674 $ 7,547
Prepaid expenses 1,093 530
Other receivables 291 96
Total current assets 21,058 8,173
Operating lease assets 15 30
Property and equipment, net 835 209
Total Assets 21,908 8,412
Current liabilities:    
Accounts payable 1,100 679
Accrued liabilities 308 625
Operating lease liabilities 14 22
Total current liabilities 1,422 1,326
Warrant liabilities 6,357 4,488
Operating lease liabilities 8
Total Liabilities 7,779 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 (68,162) (78,766)
Accumulated deficit (35,935) (9,483)
Total Shareholders’ Equity 14,129 2,590
Total Liabilities and Shareholders’ Equity 21,908 8,412
Class A Ordinary Shares    
Shareholders’ Equity:    
Class A ordinary shares, no par value; unlimited shares authorized; 44,958,889 issued and outstanding (32,325,709 as of May 31, 2025) $ 111,949 $ 84,562