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Share-Based Payments (Tables) | 12 Months Ended
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Feb. 28, 2025
Share-Based Payments |
Schedule of stock options |
|  | 2025 |  |  | 2024 |
|  | Number of stock options |  |  | Weighted average exercise price |  |  | Number of stock options |  |  | Weighted average exercise price |
Outstanding, beginning of year |  |  | 2,772,000 |  |  | $ | 5.10 |  |  |  | 2,542,000 |  |  | $ | 5.27 |
Granted |  |  | 199,216 |  |  |  | 2.89 |  |  |  | 240,000 |  |  |  | 3.11 |
Exercised |  |  | - |  |  |  | - |  |  |  | (10,000 | ) |  |  | 0.80 |
Forfeited |  |  | (200,000 | ) |  |  | 0.80 |  |  |  | - |  |  |  | - |
Expired |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Outstanding, end of year |  |  | 2,771,216 |  |  | $ | 5.25 |  |  |  | 2,772,000 |  |  | $ | 5.10 |
Exercisable, end of year |  |  | 2,040,000 |  |  | $ | 6.12 |  |  |  | 1,810,000 |  |  | $ | 6.53 |
Schedule of options outstanding |
|  |  | 2025 |  |  | 2024 |
Exercise price |  |  | Number of stock options outstanding |  |  | Weighted average remaining life (years) |  |  | Number of stock options outstanding |  |  | Weighted average remaining life (years) |
$ | 0.80 |  |  |  | 280,000 |  |  |  | 0.75 |  |  |  | 480,000 |  |  |  | 1.75 |
$ | 2.68 |  |  |  | 972,000 |  |  |  | 7.75 |  |  |  | 972,000 |  |  |  | 8.75 |
$ | 2.89 |  |  |  | 199,216 |  |  |  | 9.02 |  |  |  | - |  |  |  | - |
$ | 3.11 |  |  |  | 240,000 |  |  |  | 8.08 |  |  |  | 240,000 |  |  |  | 9.08 |
$ | 5.25 |  |  |  | 380,000 |  |  |  | 2.49 |  |  |  | 380,000 |  |  |  | 3.50 |
$ | 12.00 |  |  |  | 700,000 |  |  |  | 2.54 |  |  |  | 700,000 |  |  |  | 3.54 |
Outstanding, end of year |  |  |  | 2,771,216 |  |  |  | 5.13 |  |  |  | 2,772,000 |  |  |  | 5.53 |
Exercisable, end of year |  |  |  | 2,040,000 |  |  |  | 4.04 |  |  |  | 1,810,000 |  |  |  | 4.55 |
Schedule of assumptions used |
|  | 2025 |  |  | 2024 |
Exercise price |  | $ | 2.89 |  |  | $ | 3.11 |
Risk-free interest rate |  |  | 4.09 | % |  |  | 3.61 | %
Expected dividend yield |  |  | 0 | % |  |  | 0 | %
Expected volatility |  |  | 73 | % |  |  | 73 | %
Expected life |  | 7 years |  |  | 6.5 years |
Schedule of restricted stock units |
|  | 2025 |  |  | 2024 |
|  | Number of units |  |  | Weighted average fair value price |  |  | Number of units |  |  | Weighted average fair value price |
Outstanding, beginning of year |  |  | 4,368,897 |  |  | $ | 6.53 |  |  |  | 3,888,618 |  |  | $ | 7.09 |
Granted |  |  | 213,046 |  |  |  | 2.10 |  |  |  | 585,364 |  |  |  | 2.93 |
Settled |  |  | (91,355 | ) |  |  | 6.74 |  |  |  | (51,963 | ) |  |  | 8.66 |
Forfeited |  |  | (23,630 | ) |  |  | 4.88 |  |  |  | (53,122 | ) |  |  | 5.56 |
Outstanding, end of year |  |  | 4,466,958 |  |  | $ | 6.32 |  |  |  | 4,368,897 |  |  | $ | 6.53 |
Outstanding vested, end of year |  |  | 1,761,421 |  |  | $ | 5.86 |  |  |  | 1,635,241 |  |  | $ | 6.22 |

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