Capital Stock (Tables)
|
12 Months Ended |
Sep. 30, 2025 |
| Capital Stock [Abstract] |
|
| Schedule of Black-Scholes Option Valuation Model, with the Following Weighted Average Assumptions |
The fair values of these
stock options were estimated at the dates of grant, which is August 6, 2025 for stock options granted in fiscal 2025 and October 19,
2023 for stock options granted in fiscal 2024, using the Black-Scholes Option Valuation Model, with the following weighted average assumptions:
| | | September 30, 2025 | | | September 30, 2024 | | | Stock price | | $ | 0.54 | | | $ | 1.16 | | | Exercise price | | $ | 0.54 | | | $ | 1.16 | | | Expected risk free interest rate | | | 3.77 | % | | | 4.75 | % | | Expected volatility | | | 136.90 | % | | | 166.40 | % | | Expected life in years | | | 5 | | | | 5 | | | Expected dividend yield | | | nil | | | | nil | | | Grant date fair value per option | | $ | 0.48 | | | $ | 1.10 | | |
| Schedule of Outstanding Stock Options |
A continuity schedule of
outstanding stock options at September 30, and the changes during the periods, is as follows:
| | |
Number of Stock Options | | |
Weighted Average Exercise
Price | |
| | |
| | |
US$ | |
| Balance, September 30, 2023 | |
| 455,000 | | |
| 3.73 | |
| Granted | |
| 1,030,000 | | |
| 1.16 | |
| Exercised | |
| - | | |
| - | |
| Forfeited | |
| - | | |
| - | |
| Balance, September 30, 2024 | |
| 1,485,000 | | |
| 1.95 | |
| Granted | |
| 1,030,000 | | |
| 0.54 | |
| Exercised | |
| - | | |
| - | |
| Forfeited | |
| - | | |
| - | |
| Balance, September 30, 2025 | |
| 2,515,000 | | |
| 1.37 | |
|
| Schedule of Outstanding Unvested Stock Options |
A continuity schedule of
outstanding unvested stock options at September 30, and the changes during the periods, is as follows:
| | |
Number of Unvested Stock
Options | | |
Weighted Average Grant Date
Fair Value | |
| | |
| | |
US$ | |
| Balance, September 30, 2023 | |
| 22,500 | | |
| 2.11 | |
| Granted | |
| 1,030,000 | | |
| 1.10 | |
| Vested | |
| (775,000 | ) | |
| 1.19 | |
| Forfeited | |
| - | | |
|
- | |
| Balance, September 30, 2024 | |
| 277,500 | | |
| 1.10 | |
| Granted | |
| 1,030,000 | | |
| 0.48 | |
| Vested | |
| (1,161,250 | ) | |
| 0.68 | |
| Forfeited | |
| - | | |
| - | |
| Balance, September 30, 2025 | |
| 146,250 | | |
| 0.61 | |
|
| Schedule of Stock Options Outstanding and Exercisable |
A summary of stock options
outstanding and exercisable at September 30, 2025:
| | | Exercisable | | | Weighted Average Exercise Price | | | Weighted Average Remaining Contractual Life (Years) | | | | | | | | US$ | | | | | | Grant date | | | | | | | | | | | November 1, 2021 | | | 365,000 | | | | 4.10 | | | | 6.08 | | | December 30, 2022 | | | 90,000 | | | | 2.21 | | | | 7.25 | | | October 19, 2023 | | | 1,013,750 | | | | 1.16 | | | | 8.08 | | | August 6, 2025 | | | 900,000 | | | | 0.54 | | | | 9.83 | | A summary of warrants outstandingand exercisable at September 30, 2025:
| | | Exercisable | | | Weighted Average Exercise Price | | | Weighted Average Remaining Contractual Life (Years) | | | | | | | | US$ | | | | | | Grant date | | | | | | | | | | | March 29, 2021 | | | 1,562,686 | | | | 7.50 | | | | 0.49 | | | January 8, 2024 | | | 400,000 | | | | 2.00 | | | | 3.27 | | | May 27, 2025 | | | 13,500,000 | | | | 0.48 | | | | 0.65 | | | August 26, 2025 | | | 253,425 | | | | 0.73 | | | | 4.90 | | |
| Schedule of Stock-Based Compensation Expense |
A summary of stock-based
compensation expense for the years ended September 30 2025, 2024 and 2023 is as follows:
| | |
September 30, | | |
September 30, | | |
September 30, | |
| | |
2025 | | |
2024 | | |
2023 | |
| | |
US$ | | |
US$ | | |
US$ | |
| | |
| | |
| | |
| |
| Common share awards | |
| 524,280 | | |
| 834,399 | | |
| 1,796,179 | |
| Stock option awards | |
| 448,599 | | |
| 1,142,787 | | |
| 265,631 | |
| Total | |
| 972,879 | | |
| 1,977,186 | | |
| 2,061,810 | |
|
| Schedule of Warrants |
The continuity of the Company’s warrants
is as follows:
| | |
Number of
Warrants | | |
Weighted Average Exercise
Price | |
| | |
| | | |
US$ | |
| Balance, September 30, 2023 | |
| 1,562,686 | | |
| 7.50 | |
| Granted | |
| 400,000 | | |
| 2.00 | |
| Exercised | |
| - | | |
| - | |
| Forfeited | |
| - | | |
| - | |
| Balance, September 30, 2024 | |
| 1,962,686 | | |
| 6.38 | |
| Granted | |
| 13,753,425 | | |
| 0.48 | |
| Exercised | |
| - | | |
| - | |
| Forfeited | |
| - | | |
| - | |
| Balance, September 30, 2025 | |
| 15,716,111 | | |
| 1.22 | |
|