SHARE CAPITAL AND SHARE-BASED PAYMENTS (Tables)

12 Months Ended

Jan. 31, 2020

SHARE CAPITAL AND SHARE-BASED PAYMENTS (Tables)

Schedule of share purchase warrants

	Number of Warrants			Weighted Average Exercise Price
Balance, January 31, 2018		3,484,500		$	0.15
Exercised		(3,469,500	)	$	0.15
Expired		(15,000	)	$	0.15
Balance, January 31, 2019		-			-
Exercised		-			-
Expired		-			-
Balance, January 31, 2020		-			-

Summarized on stock option activity

	Number of Options			Weighted Average Exercise Price
Stock options outstanding and exercisable, January 31, 2018		3,395,000		$	0.29
Granted		1,545,000		$	0.36
Exercised		(205,000	)	$	0.30
Cancelled		(85,000	)	$	0.29
Stock options outstanding and exercisable, January 31, 2019		4,650,000		$	0.31
Granted		1,120,000		$	0.41
Exercised		(840,000	)	$	0.24
Cancelled		(275,000	)	$	0.34
Expired		(60,000	)	$	0.29
Stock options outstanding, January 31, 2020		4,595,000		$	0.36
A summary of stock options outstanding as at January 31, 2020 is as follows:

Summarized on stock option outstanding

			Outstanding				Exercisable
Expiry Date	Price		Options Outstanding		Weighted Average Remaining Contractual Life (Years)		Options Outstanding		Weighted Average Remaining Contractual Life (Years)
October 6, 2020	$	0.125		100,000		0.68		100,000		0.68
October 6, 2020	$	0.150		100,000		0.68		100,000		0.68
October 6, 2020	$	0.175		100,000		0.68		100,000		0.68
October 6, 2020	$	0.200		100,000		0.68		100,000		0.68
October 6, 2020	$	0.225		100,000		0.68		100,000		0.68
July 5, 2022	$	0.355		1,530,000		2.43		1,530,000		2.43
September 4, 2023	$	0.380		1,245,000		3.59		1,245,000		3.59
January 25, 2024	$	0.390		200,000		3.99		200,000		3.99
November 14, 2024	$	0.410		1,120,000		4.79		280,000		4.79
				4,595,000		3.20		3,755,000		2.84

Schedule of Fair Value of stock option

	2020			2019			2018
Weighted average assumptions:
Risk-free interest rate		2.13	%		2.12	%		1.42	%
Expected dividend yield		-			-			-
Expected option life (years)		5.00			5.00			4.96
Expected stock price volatility		89.70	%		112.34	%		129.96	%
Forfeiture rate		-			-			-
Weighted average fair value at grant date	$	0.27		$	0.31		$	0.32