15.WARRANTS The continuity of outstanding warrants for the year ended September 30, 2025, and 2024, is as follows: | | | | | | | | | | | | | September 30, | | Weighted average | | September 30, | | Weighted average | | | 2025 | | exercise price | | 2024 | | exercise price | Beginning balance | | — | | | — | | 2,095,588 | | $ | 3.20 | Issued | | 2,004,375 | | $ | 21.65 | | — | | | — | Exercised | | (452,333) | | $ | 20.00 | | (2,095,588) | | $ | 3.20 | Ending balance | | 1,552,042 | | $ | 22.14 | | — | | | — |
As at September 30, 2025 there were 1,552,042 warrants outstanding with a weighted average exercise price of $22.14 (September 30, 2024 – nil). See also note 12. | | | | | | | | | | | | September 30, | | Exercise | | September 30, | | Exercise | Expiry Date | | 2025 | | Price | | 2024 | | Price | March 17, 2028 | | 562,500 | | $ | 23.84 | | — | | — | January 16, 2030 | | 922,667 | | $ | 20.00 | | — | | — | January 21, 2030 | | 66,875 | | $ | 37.28 | | — | | — | | | 1,552,042 | | $ | 22.14 | | — | | — |
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