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Share-based payments reserve | 9 Months Ended
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May 31, 2024
Notes and other explanatory information [abstract] |
Share-based payments reserve |
| 12. | Share-based payments reserve
Share-based compensation expense for the three and nine months ended May 31, 2024 totalled $0.3 million and $1.7 million, respectively (2023 – $0.5 million and $2.1 million, respectively). As at May 31, 2024, the Company had 5,392,420 (August 31, 2023 – 3,617,450) share awards available for issuance under the Omnibus Equity Incentive Plan.
| a) | Stock options
Canadian Dollars denominated stock options
Schedule of continuity of outstanding stock options |  |  |
| Number of stock options |  | Weighted average exercise price per share
Balance – May 31, 2024 and August 31, 2023 | 4,986,000 |  | CAD $0.41
Options to purchase common shares carry exercise prices and terms to maturity as follows:
Schedule of options to purchase common shares carry exercise prices and terms to maturity |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  | Remaining |
|  | Number of options |  |  | Expiry |  | contractual |
Exercise price |  | Outstanding |  |  | Exercisable |  |  | Date |  | life (years) |
C$0.35 |  |  | 100,000 |  |  |  | 100,000 |  |  | January 2, 2027 |  |  | 2.6 |
C$0.40 |  |  | 2,259,000 |  |  |  | 2,259,000 |  |  | October 11, 2026 |  |  | 2.4 |
C$0.40 |  |  | 95,000 |  |  |  | 95,000 |  |  | October 6, 2024 |  |  | 0.4 |
C$0.43 |  |  | 2,065,000 |  |  |  | 2,065,000 |  |  | September 29, 2026 |  |  | 2.3 |
C$0.43 |  |  | 467,000 |  |  |  | 467,000 |  |  | October 6, 2024 |  |  | 0.4 |
C$0.41(1) |  |  | 4,986,000 |  |  |  | 4,986,000 |  |  |  |  |  | 2.1(1) |
| (1) | Total represents weighted average.
US Dollars denominated stock options
Schedule of outstanding stock options |  |  |
| Number of stock options |  | Weighted average exercise price per share
Balance – May 31, 2024 and August 31, 2023 | 10,450,000 |  | $0.49
Options to purchase common shares carry exercise prices and terms to maturity as follows:
Schedule of options to purchase common shares exercise prices |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  | Remaining |
|  | Number of options |  |  | Expiry |  | contractual |
Exercise price |  | Outstanding |  |  | Exercisable |  |  | Date |  | life (years) |
USD $0.50 |  |  | 7,375,000 |  |  |  | 2,950,000 |  |  | August 17, 2027 |  |  | 3.2 |
USD $0.45 |  |  | 3,075,000 |  |  |  | 615,000 |  |  | August 28, 2028 |  |  | 4.2 |
USD $0.49(1) |  |  | 10,450,000 |  |  |  | 3,565,000 |  |  |  |  |  | 3.5(1) |
| (1) | Total represents weighted average.
For the three and nine months ended May 31, 2024, share-based compensation expense related to stock options totalled $0.2 million and $0.5 million, respectively (2023 – $0.2 million and $0.4 million, respectively).
| b) | Restricted Share Units
The following table sets out activity with respect to outstanding RSUs:
Schedule of restricted stock outstanding |  |  |  |
|  | Number of RSUs |
Balance – August 31, 2023 |  |  | 3,473,077 |
Granted |  |  | 57,432 |
Vested |  |  | (1,203,333 | )
Balance – May 31, 2024 |  |  | 2,327,176 |
For the three and nine months ended May 31, 2024, share-based payment expenses related to RSUs totalled $0.1 million and $0.8 million, respectively (2023 – $0.1 million and $0.4 million, respectively).

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