| Disclosure of detailed information about convertible debentures outstanding [Table Text Block] |
| *Denominated in CAD |
|
USD (equity |
|
|
CAD (embedded |
|
|
USD (embedded |
|
|
|
|
| |
|
component) |
|
|
derivative) |
|
|
derivative) |
|
|
Total |
|
| Loan principal outstanding |
$ |
1,717,541 |
|
$ |
2,158,314 |
* |
$ |
488,750 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Terms of loan |
|
|
|
|
|
|
|
|
|
|
|
|
| Annual stated interest rate |
|
12% - 24% |
|
|
12% - 24% |
|
|
2% - 4% |
|
|
|
|
| Effective annual interest rate |
|
24% |
|
|
23% - 24% |
|
|
24% - 176% |
|
|
|
|
| Conversion price to common shares |
|
$0.03 - $0.04 |
|
|
$0.05 - $0.10 |
|
|
|
|
|
|
|
| Remaining life (in months) |
|
0 - 4
|
|
|
0 - 6
|
|
|
0 - 12
|
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|
|
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| |
|
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| Consolidated Statement of Financial Position |
|
|
|
|
|
|
|
|
|
|
|
|
| Carrying value of loan principal |
$ |
1,717,541 |
|
$ |
1,494,980 |
|
$ |
185,858 |
|
$ |
3,398,379 |
|
| Interest payable |
|
326,127 |
|
|
533,990 |
|
|
36,063 |
|
|
896,180 |
|
| Convertible debentures |
$ |
2,043,668 |
|
$ |
2,028,970 |
|
$ |
221,921 |
|
$ |
4,294,559 |
|
| Derivative liabilities |
$ |
- |
|
$ |
191,039 |
|
$ |
230,370 |
|
$ |
421,409 |
|
| Equity component of convertible debentures |
$ |
1,898,142 |
|
$ |
- |
|
$ |
- |
|
$ |
1,898,142 |
|
| For the year ended October 31, 2025: |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
USD (equity |
|
|
CAD (embedded |
|
|
USD (embedded |
|
|
|
|
| |
|
component) |
|
|
derivative) |
|
|
derivative) |
|
|
Total |
|
| Consolidated Statement of Operations and Comprehensive Loss |
|
|
|
|
|
|
|
|
|
|
|
|
| Accretion expense |
$ |
5,636 |
|
$ |
143,047 |
|
$ |
141,525 |
|
$ |
290,208 |
|
| Interest expense |
$ |
364,137 |
|
$ |
235,626 |
|
$ |
12,535 |
|
$ |
612,298 |
|
| Loss (gain) on revaluation of derivative liabilities |
$ |
- |
|
$ |
(1,317,070 |
) |
$ |
(43,393 |
) |
$ |
(1,360,463 |
) |
| Loss (gain) on conversion of convertible debentures |
$ |
- |
|
$ |
- |
|
$ |
9,821 |
|
$ |
9,821 |
|
| Loss (gain) on repayment of convertible debentures |
$ |
- |
|
$ |
(9,522 |
) |
$ |
15,006 |
|
$ |
5,484 |
|
| Loss (gain) on extinguishment of convertible debentures |
$ |
(5,636 |
) |
$ |
(16,358 |
) |
$ |
129,355 |
|
$ |
107,361 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Consolidated Statement of Changes in Equity |
|
|
|
|
|
|
|
|
|
|
|
|
| Amount of principal converted to common shares |
$ |
- |
|
$ |
66,000 |
* |
$ |
103,275 |
|
|
|
|
| Amount of interest converted to common shares |
$ |
44,106 |
|
$ |
84,000 |
* |
$ |
2,025 |
|
|
|
|
| Number of common shares issued on conversion of convertible |
|
|
|
|
|
|
|
|
|
|
|
|
| debentures |
|
1,600,588 |
|
|
- |
|
|
3,073,940 |
|
|
4,674,528 |
|
(a) Current period information presented in the consolidated financial statements
| |
|
USD (equity |
|
|
CAD (embedded |
|
|
USD (embedded |
|
|
|
|
| |
|
component) |
|
|
derivative) |
|
|
derivative) |
|
|
Total |
|
| Consolidated Statement of Cash Flows |
|
|
|
|
|
|
|
|
|
|
|
|
| Amount of principal repaid in cash |
$ |
16,000 |
|
$ |
17,596 |
|
$ |
384,319 |
|
$ |
417,915 |
|
| Amount of interest repaid in cash |
$ |
8,209 |
|
$ |
59,714 |
|
$ |
7,087 |
|
$ |
75,010 |
|
(i) Conversion price defined as 75% multiplied by the average of the lowest 3 closing stock prices for the 10 trading days prior to conversion date.
(b) Comparative information presented in the consolidated financial statements
Convertible debentures outstanding as at October 31, 2024:
| *Denominated in CAD |
|
USD (equity |
|
|
CAD (embedded |
|
|
USD (embedded |
|
|
|
|
| |
|
component) |
|
|
derivative) |
|
|
derivative) |
|
|
Total |
|
| Loan principal outstanding |
$ |
1,413,245 |
|
$ |
1,523,657 |
* |
$ |
231,250 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Terms of loan |
|
|
|
|
|
|
|
|
|
|
|
|
| Annual stated interest rate |
|
12% - 24% |
|
|
12% - 24% |
|
|
2% - 4% |
|
|
|
|
| Effective annual interest rate |
|
24% |
|
|
14% - 270% |
|
|
24% - 176% |
|
|
|
|
| Conversion price to common shares |
|
$0.03 - $0.04 |
|
|
$0.05 - $0.10 |
* |
|
(i) - (ii) |
|
|
|
|
| Remaining life (in months) |
|
0 - 4
|
|
|
0 - 6
|
|
|
0 - 12
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Consolidated Statement of Financial Position |
|
|
|
|
|
|
|
|
|
|
|
|
| Carrying value of loan principal |
$ |
1,413,245 |
|
$ |
1,461,356 |
|
$ |
106,347 |
|
$ |
2,980,948 |
|
| Interest payable |
|
333,000 |
|
|
506,685 |
|
|
32,640 |
|
|
872,325 |
|
| Convertible debentures |
$ |
1,746,245 |
|
$ |
1,968,041 |
|
$ |
138,987 |
|
$ |
3,853,273 |
|
| Derivative liabilities |
$ |
- |
|
$ |
1,444,932 |
|
$ |
125,743 |
|
$ |
1,570,675 |
|
| Equity component of convertible debentures |
$ |
696,671 |
|
$ |
- |
|
$ |
- |
|
$ |
696,671 |
|
(i) Conversion price defined as 75% multiplied by the average of the lowest 3 closing stock prices for the 10 trading days prior to conversion date.
(ii) Conversion price defined as 75% multiplied by the lowest stock price for the 20 trading days prior to conversion date.
For the year ended October 31, 2024:
| |
|
USD (equity |
|
|
CAD (embedded |
|
|
USD (embedded |
|
|
|
|
| |
|
component) |
|
|
derivative) |
|
|
derivative) |
|
|
Total |
|
| Consolidated Statement of Operations and Comprehensive Loss |
|
|
|
|
|
|
|
|
|
|
|
|
| Accretion expense |
$ |
5,636 |
|
$ |
174,437 |
|
$ |
92,428 |
|
$ |
272,501 |
|
| Interest expense |
$ |
329,432 |
|
$ |
262,743 |
|
$ |
10,725 |
|
$ |
602,900 |
|
| Loss (gain) on revaluation of derivative liabilities |
$ |
- |
|
$ |
179,315 |
|
$ |
(100,400 |
) |
$ |
78,915 |
|
| Loss (gain) on conversion of convertible debentures |
$ |
- |
|
$ |
- |
|
$ |
45,535 |
|
$ |
45,535 |
|
| Loss (gain) on repayment of convertible debentures |
$ |
- |
|
$ |
(8,269 |
) |
$ |
70,522 |
|
$ |
62,253 |
|
| Loss (gain) on extinguishment of convertible debentures |
$ |
(5,636 |
) |
$ |
376,297 |
|
$ |
81,587 |
|
$ |
452,248 |
|
(b) Comparative information presented in the consolidated financial statements
| |
|
USD (equity |
|
|
CAD (embedded |
|
|
USD (embedded |
|
|
|
|
| |
|
component) |
|
|
derivative) |
|
|
derivative) |
|
|
Total |
|
| Consolidated Statement of Changes in Equity |
|
|
|
|
|
|
|
|
|
|
|
|
| Amount of principal converted to common shares |
$ |
159,106 |
|
$ |
60,197 |
* |
$ |
431,907 |
|
|
|
|
| Amount of interest converted to common shares |
$ |
44,106 |
|
$ |
197 |
* |
$ |
8,469 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Number of common shares issued on conversion of convertible debentures |
|
5,566,285 |
|
|
1,203,945 |
|
|
30,035,070 |
|
|
36,805,300 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Consolidated Statement of Cash Flows |
|
|
|
|
|
|
|
|
|
|
|
|
| Amount of principal repaid in cash |
$ |
16,000 |
|
$ |
88,326 |
|
$ |
183,134 |
|
$ |
287,460 |
|
| Amount of interest repaid in cash |
$ |
14,339 |
|
$ |
58,528 |
|
$ |
- |
|
$ |
72,867 |
|
For the year ended October 31, 2023:
| *Denominated in CAD |
|
USD (equity |
|
|
CAD (embedded |
|
|
USD (embedded |
|
|
|
|
| |
|
component) |
|
|
derivative) |
|
|
derivative) |
|
|
Total |
|
| Consolidated Statement of Operations and Comprehensive Loss |
|
|
|
|
|
|
|
|
|
|
|
|
| Accretion expense |
$ |
18,258 |
|
$ |
243,162 |
|
$ |
18,414 |
|
$ |
279,834 |
|
| Interest expense |
$ |
273,458 |
|
$ |
254,523 |
|
$ |
12,948 |
|
$ |
540,929 |
|
| Loss (gain) on revaluation of derivative liabilities |
$ |
- |
|
$ |
(507,186 |
) |
$ |
(151,317 |
) |
$ |
(658,503 |
) |
| Loss (gain) on conversion of convertible debentures |
$ |
- |
|
$ |
- |
|
$ |
21,120 |
|
$ |
21,120 |
|
| Loss (gain) on repayment of convertible debentures |
$ |
- |
|
$ |
- |
|
$ |
27,243 |
|
$ |
27,243 |
|
| Loss (gain) on extinguishment of convertible debentures |
$ |
33,488 |
|
$ |
1,169,800 |
|
$ |
197,535 |
|
$ |
1,400,823 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Consolidated Statement of Changes in Equity |
|
|
|
|
|
|
|
|
|
|
|
|
| Amount of principal converted to common shares |
$ |
250,000 |
|
$ |
455,000 |
* |
$ |
232,700 |
|
|
|
|
| Amount of interest converted to common shares |
$ |
30,016 |
|
$ |
204,189 |
* |
$ |
4,654 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Number of common shares issued on conversion of convertible debentures |
|
6,406,250 |
|
|
14,391,709 |
|
|
9,548,701 |
|
|
30,346,660 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Consolidated Statement of Cash Flows |
|
|
|
|
|
|
|
|
|
|
|
|
| Amount of principal repaid in cash |
$ |
- |
|
$ |
- |
|
$ |
270,000 |
|
$ |
270,000 |
|
| Amount of interest repaid in cash |
$ |
12,973 |
|
$ |
47,353 |
|
$ |
4,353 |
|
$ |
64,679 |
|
|