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Share-based payments reserve
 9 Months Ended
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

 

     
  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:

 

                  
          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

 

     
  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:

 

                  
          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:

 

     
   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).