0001104659-26-085069 | 10-Q | XBRL Viewer | Eagle Nuclear Energy Corp

Print Document

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY - Restricted Stock Units (Details) - Restricted Stock Units - $ / shares			3 Months Ended	6 Months Ended
	May 06, 2026	Apr. 15, 2026	May 31, 2026	May 31, 2026
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
RSUs issued (in shares)			592,125	592,125
Chief Executive Officer
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
RSUs issued (in shares)		250,000
Grant date fair value		$ 9.52
Chief Executive Officer \| Tranche one
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Stock options, vesting percentage		0.33%
Chief Executive Officer \| Tranche two
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Stock options, vesting percentage		0.33%
Officers, employees and consultants
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
RSUs issued (in shares)	220,250
Grant date fair value	$ 9.15
Company controlled by a director
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
RSUs issued (in shares)	121,875
Grant date fair value	$ 9.15
Company controlled by a director \| Tranche one
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Stock options, vesting percentage	0.50%
Company controlled by a director \| Tranche two
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Stock options, vesting percentage	0.50%

REVERSE RECAPITALIZATION - Narrative (Details)		3 Months Ended		6 Months Ended		12 Months Ended
REVERSE RECAPITALIZATION - Narrative (Details)	Feb. 24, 2026 USD ($) D director $ / shares shares	May 31, 2026	May 31, 2025	May 31, 2026 shares	May 31, 2025	Nov. 30, 2025
REVERSE RECAPITALIZATION
Exchange ratio for nonredeemable common stock		5.8349	5.8349	5.8349	5.8349	5.8349
Number of earnout shares issuable	1,500,000
Number of board of directors \| director	5
Series A cumulative preferred stock, redeemable
REVERSE RECAPITALIZATION
Series A Cumulative Convertible Preferred Stock issued	29,700
Conversion ratio	84.18
PIPE financing warrants
REVERSE RECAPITALIZATION
Warrants issued	2,500,000			2,500,000
Proceeds from issuance of warrants \| $	$ 29,700,000
Reverse recapitalization warrants
REVERSE RECAPITALIZATION
Warrants issued				20,922,133
SVII
REVERSE RECAPITALIZATION
Number of shares issued for Class A and Class B common stock	3,630,051
Number of board of directors authority to designate \| director	1
Oregon Energy LLC
REVERSE RECAPITALIZATION
Number of common shares issued for acquisition of Oregon Energy	1,710,991
Eagle Energy
REVERSE RECAPITALIZATION
Number of shares exchanged for nonredeemable common stock	18,888,289
Exchange ratio for nonredeemable common stock	5.8349
Number of shares exchanged for redeemable common stock	2,750,000
Exchange ratio for redeemable common stock	5.8
Number of earnout shares issuable	1,500,000
Stock price \| $ / shares	$ 16
Number of trading days \| D	20
Number of consecutive trading days \| D	30
Number of board of directors authority to designate \| director	4
Eagle Energy \| Eagle Energy Nuclear Corp
REVERSE RECAPITALIZATION
Ownership	67.45%
Eagle Energy \| SVII and Eagle Energy Nuclear Corp
REVERSE RECAPITALIZATION
Number of shares issued for transaction costs	300,000
Eagle Energy \| SVII
REVERSE RECAPITALIZATION
Exchange ratio	1
Number of shares issued for rights	2,299,982
Number of rights	23,000,000
Rights exchange ratio	10
Number of shares issued	5,930,033
Settlement of pre-existing liabilities \| $	$ 2,422,133
Eagle Energy \| SVII \| Reverse recapitalization warrants
REVERSE RECAPITALIZATION
Warrants issued	18,500,000
Number of warrants issued for settlement of liability	2,422,133
Warrant issue price per share \| $ / shares	$ 1

NATURE OF OPERATIONS

6 Months Ended

May 31, 2026

NATURE OF OPERATIONS

NATURE OF OPERATIONS

1.NATURE OF OPERATIONS

Eagle Nuclear Energy Corp. (the “Company”) was incorporated on December 19, 2025, under the laws of the state of Nevada. The Company’s corporate office is located at 5470 Kietzke Lane, Suite 300, Reno, NV 89511. The Company is a next-generation nuclear energy company that seeks to combine domestic uranium exploration and development with proprietary small modular reactor (“SMR”) technology, with the intent of establishing a vertically integrated business model, combining uranium exploration, extraction, and production with the design and development of modular nuclear reactors intended to supply reliable power for industrial use and electricity grids. Through this approach, the Company aims to support energy security and meet growing demand for clean and scalable nuclear power solutions.

The Company has not yet commenced its principal operations as of May 31, 2026.

The Company was incorporated as a subsidiary of Spring Valley Acquisition Corp. II (“SVII”), a special purpose acquisition corporation incorporated in the Cayman Islands, for the purpose of completing a reverse acquisition between Eagle Energy Metals Corp. (“Eagle Energy”) and SVII (Note 4), pursuant to an agreement and plan of merger (“BCA”) entered into on July 30, 2025 and as amended on September 29, 2025. On February 24, 2026, the Company, Eagle Energy, and SVII completed the reverse acquisition transaction. The transaction is also referred to as the “de-SPAC” transaction. Each of Eagle Energy and SVII became a subsidiary of the Company as part of the de-SPAC transaction. Eagle Energy is deemed as the acquirer for accounting purposes, and therefore its assets, liabilities and operations are included in the unaudited condensed consolidated interim financial statements at their historical carrying values. The Company’s operations are considered to be a continuance of the business and operations of Eagle Energy, with the Company’s operations being included beginning on February 24, 2026, the closing date of the de-SPAC transaction.

The Company is a public company and its common stock and public warrants are listed on The Nasdaq Capital Market tier of The Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbols of “NUCL” and “NUCLW,” respectively.

On February 24, 2026, the Company also completed the acquisition of Oregon Energy LLC (“Oregon Energy”) (Note 5), through which the Company acquired mining claims to explore and extract uranium (Aurora Uranium Project (“AUP”)) located in Malheur County, Oregon, approximately 16 kilometers northwest of McDermitt, Nevada. As of May 31, 2026, the Company holds 263 unpatented lode mining claims and 71 unpatented placer mining claims in the AUP, along with 27 unpatented placer mining claims in Humboldt County, Nevada. These claims collectively cover an area of approximately 43 square kilometers.

Risks and Uncertainties

Disruption of global financial markets and a recession or market correction, including the ongoing military conflicts between Russia and Ukraine and the related sanctions imposed against Russia as well as the geopolitical instability in the Middle East, the significant tariffs imposed by the United States on imports from other countries and other global macroeconomic factors such as inflation and rising interest rates, could reduce the Company’s ability to access capital, which could in the future negatively affect the Company’s liquidity and could materially affect the Company’s business and the value of its common stock.

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS	3 Months Ended	6 Months Ended
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS	May 31, 2026 USD ($)	May 31, 2026 USD ($)	May 31, 2025 USD ($)
Cash flows from operating activities
Net loss attributable to common stockholders		$ (27,314,980)	$ (1,692,101)
Adjustments to reconcile net loss attributable to common stockholders to net cash used in operating activities:
Amortization and depreciation	$ 5,602	8,026
Change in fair value of warrant liability	17,750,724	17,750,724
Loss on foreign currency transactions		13,592
Non-cash lease adjustment		23,648
Non-cash consulting fees			17,874
Preferred stock dividends		781,151
Stock based compensation		4,596,172
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities		171,677	50,911
Prepaid expenses		(581,992)	(119,939)
Due to related parties		(159,895)	(200,998)
Net cash used in operating activities		(4,711,877)	(1,944,253)
Cash flows from investing activities
Purchase of property, plant and equipment		(47,967)
Purchase of intangible assets		(11,925)
Investment in mineral rights		(18,155)	(600,000)
Cash assumed on acquisition of Oregon Energy LLC		141,262
Net cash provided by (used in) investing activities		63,215	(600,000)
Cash flows from financing activities
Proceeds from the issuance of common stock, net of issuance costs			7,438,301
Proceeds from exercise of warrants		2,300
Proceeds from PIPE financing		29,700,000
Cash assumed on reverse recapitalization		1,939,457
Net cash provided by financing activities		31,641,757	7,438,301
Effects of foreign exchange on cash		(12,973)
Increase in cash		26,980,122	4,894,048
Cash and restricted cash, beginning of period		1,301,928	717
Cash and restricted cash, end of period	28,282,050	28,282,050	4,894,765
Presented as:
Cash	28,091,090	28,091,090	4,894,765
Restricted cash	190,960	190,960
Cash and restricted cash, end of period	$ 28,282,050	28,282,050	4,894,765
Supplemental disclosure of non-cash information
Share issuance costs in accounts payable			14,540
Share issuance costs settled in shares		2,097,000	348,194
Share issuance for acquisition of Oregon Energy LLC		11,959,827
Conversion of redeemable common stock into nonredeemable common stock		300,000
Reverse recapitalization		1,991,184
Accretion of mezzanine equity		204,076
Additions to intangible assets in accounts payable		$ 20,534
Prepaid expenses paid by issuance of shares			122,000
Consultant bonus settled by issuance of bonus shares			$ 183,200

COMMITMENTS AND CONTINGENCIES (Details)								3 Months Ended		6 Months Ended
COMMITMENTS AND CONTINGENCIES (Details)	Apr. 15, 2026 shares	Nov. 03, 2025 CAD ($)	Nov. 03, 2025 USD ($)	Oct. 16, 2025 USD ($)	Sep. 29, 2025 USD ($) $ / shares shares	Jun. 01, 2024 CAD ($)	Jun. 01, 2024 USD ($)	May 31, 2026 USD ($) shares	May 31, 2025 USD ($)	May 31, 2026 USD ($) shares	May 31, 2025 USD ($) shares	Feb. 24, 2026 USD ($) shares	Oct. 15, 2025 shares	Jan. 01, 2024 USD ($)
OPERATING LEASE
One-time cash payment \| $														$ 25,000
One time cash payment paid upon completion of IPO \| $										$ 25,000
Maximum number of shares available for grant (in shares)								2,957,508		2,957,508
Accrued dividends \| $								$ 781,151		$ 781,151
Number of stock options issuable to CFO (in shares)													90,000
Options issued (in shares)								887,375		887,375
Number of earnout shares issuable												1,500,000
Number Of Earnout Shares Issued During Period										0
Chief Financial Officer
OPERATING LEASE
Options issued (in shares)										14,000
RSUs issued (in shares)										42,000
Stock option committed to be issued (in shares)								34,000		34,000
Eagle Energy
OPERATING LEASE
Number of warrants issuable (in shares)					2,500,000
Exercise price of warrants (in dollars per share) \| $ / shares					$ 12
Eagle Energy \| Series A Cumulative Convertible Preferred Stock
OPERATING LEASE
Number of stock issuable (in shares)					29,700
Aggregate amount of stock issuable \| $					$ 29,700,000
Dividend rate, if paid in kind (as a percent)					12.00%
Dividend rate, if paid in cash (as a percent)					10.00%
Conversion price (in dollars per share) \| $ / shares					$ 11.88
Conversion ratio					0.0119
Office Space
OPERATING LEASE
Monthly payments						$ 10,500	$ 7,500
Rent expense \| $										$ 30,274	$ 48,943
Office Lease, New York, NY
OPERATING LEASE
Monthly payments \| $				$ 14,457
Rent expense \| $									$ 0	71,118
Lease term				5 years 2 months
Office Lease, Vancouver, Canada
OPERATING LEASE
Monthly payments		$ 5,787	$ 4,211
Rent expense \| $									$ 0	$ 22,463
Lease term		2 years	2 years
Stock options
OPERATING LEASE
Options issued (in shares)											0
Restricted Stock Units
OPERATING LEASE
Maximum number of shares available for grant (in shares)												183,333
Initial grant of stock options (in shares)												1,000,000
RSUs issued (in shares)								592,125		592,125
Restricted Stock Units \| Chief Financial Officer
OPERATING LEASE
RSUs issued (in shares)										42,000
Chief Executive Officer
OPERATING LEASE
Cash bonus payable \| $												$ 50,000
Additional equity awards	1,000,000
Chief Executive Officer \| Stock options
OPERATING LEASE
Options issued (in shares)	750,000
Chief Executive Officer \| Restricted Stock Units
OPERATING LEASE
Maximum number of shares available for grant (in shares)								10,000		10,000
RSUs issued (in shares)	250,000

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY - Redeemable common stock (Details) - USD ($)		1 Months Ended	6 Months Ended	12 Months Ended
	Feb. 24, 2026	Jul. 31, 2025	May 31, 2026	Nov. 30, 2025	May 31, 2025
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Common stock, par value (in dollars per share)			$ 0.0001	$ 0.0001	$ 0.0001
Proceeds from the issuance of redeemable common stock				$ 300,000
Conversion of redeemable common stock			$ 300,000
Common stock, subject to possible redemption
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Issuance of preferred stock		2,750,000
Common stock, par value (in dollars per share)		$ 0.0001
Proceeds from the issuance of redeemable common stock		$ 300,000
Stock issuance costs charges against additional paid-in capital		$ 170
Conversion of redeemable common stock	$ 300,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480070/505-10-S50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480070/505-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-11

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-5

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480100/505-10-S45-3

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480100/505-10-S45-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477657/942-210-S45-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478478/942-210-S50-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480657/210-10-S50-13

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480657/210-10-S50-11

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 25: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-1

Reference 27: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483014/272-10-45-3

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482987/272-10-50-1

Reference 29: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

+ Details

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY - Stock Option Outstanding and Exercisable (Details)	6 Months Ended
	May 31, 2026 USD ($) $ / shares shares
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Outstanding Options, Number \| shares	887,375
Outstanding Options, Weighted Average Remaining Life	4 years 10 months 20 days
Outstanding Options, Weighted Average Exercise Price \| $ / shares	$ 9.87
Exercisable Options, Number \| shares	302,564
Exercisable Options, Weighted Average Remaining Life	4 years 10 months 20 days
Exercisable Options, Weighted Average Exercise Price \| $ / shares	$ 9.85
Outstanding Options, Intrinsic value \| $	$ 187,759
Exercisable Options, Intrinsic value \| $	$ 68,885
Chief Executive Officer
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Outstanding Options, Number \| shares	750,000
Outstanding Options, Weighted Average Remaining Life	4 years 10 months 17 days
Outstanding Options, Weighted Average Exercise Price \| $ / shares	$ 10
Exercisable Options, Number \| shares	250,000
Exercisable Options, Weighted Average Remaining Life	4 years 10 months 17 days
Exercisable Options, Weighted Average Exercise Price \| $ / shares	$ 10
STOCKHOLDERS' EQUITY AND MEZZANINE EQUITY
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Outstanding Options, Number \| shares	137,375
Outstanding Options, Weighted Average Remaining Life	4 years 11 months 4 days
Outstanding Options, Weighted Average Exercise Price \| $ / shares	$ 9.15
Exercisable Options, Number \| shares	52,564
Exercisable Options, Weighted Average Remaining Life	4 years 11 months 4 days
Exercisable Options, Weighted Average Exercise Price \| $ / shares	$ 9.15

SUBSEQUENT EVENTS (Details) - SUBSEQUENT EVENTS	Jun. 05, 2026 USD ($)
CEO
SUBSEQUENT EVENTS
Annualized base salary	$ 350,000
CFO
SUBSEQUENT EVENTS
Annualized base salary	$ 180,000

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY - Share Based Compensation (Details) - Employee Stock Option Member - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2026	May 31, 2025	May 31, 2026	May 31, 2025
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Stock based compensation	$ 2,308,868	$ 0	$ 2,308,868	$ 0
Future unrecognized stock-based compensation expense	$ 3,474,377		3,474,377
Location, Statement of Income, Balance [Axis]: us-gaap:BusinessDevelopment
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Stock based compensation			38,010
Location, Statement of Income, Balance [Axis]: us-gaap:LaborAndRelatedExpense
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Stock based compensation			1,987,317
Location, Statement of Income, Balance [Axis]: us-gaap:ProfessionalFees
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Stock based compensation			$ 283,541

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

REVERSE RECAPITALIZATION - Common stock outstanding immediately following the de-SPAC transaction (Details) - shares	Feb. 24, 2026	May 31, 2026	Nov. 30, 2025
REVERSE RECAPITALIZATION
Total Common Stock at Closing	29,579,313	29,579,798	18,888,289
Total Shares	32,079,313
Total Common Stock at Closing (in percent)	92.21%
Total Shares (in percent)	100.00%
Series A cumulative preferred stock, redeemable
REVERSE RECAPITALIZATION
Series A Cumulative Convertible Preferred Stock, As Converted	2,500,000
Series A Cumulative Convertible Preferred Stock, As Converted (in percent)	7.79%
Oregon Energy LLC
REVERSE RECAPITALIZATION
Number of common shares issued for acquisition of Oregon Energy	1,710,991
Aurora Energy (in percent)	5.33%
Eagle Energy
REVERSE RECAPITALIZATION
Eagle Energy Shareholders	21,638,289
Eagle Energy Shareholders (in percent)	67.45%
Eagle Energy \| SVII and Eagle Energy Nuclear Corp
REVERSE RECAPITALIZATION
Shares Issued for Transaction Costs	300,000
Shares Issued for Transaction Costs (in percent)	0.94%
Eagle Energy \| SVII
REVERSE RECAPITALIZATION
SVII Public Shareholders	1,101,717
SVII Rights Conversion	2,299,982
SVII Founders	2,528,334
Total SVII	5,930,033
Number of shares transferred by Sponsor to Public shareholders	691,666
SVII Public Shareholders (in percent)	3.44%
SVII Rights Conversion (in percent)	7.17%
SVII Founders (in percent)	7.88%
Total SVII (in percent)	18.49%

RECLAMATION AND ENVIRONMENTAL OBLIGATION

6 Months Ended

May 31, 2026

RECLAMATION AND ENVIRONMENTAL OBLIGATION

RECLAMATION AND ENVIRONMENTAL OBLIGATION

6.RECLAMATION AND ENVIRONMENTAL OBLIGATION

Reclamation and environmental costs are based principally on legal and regulatory requirements. Management estimates the costs associated with reclamation of land to its original condition following mineral exploration activities. These estimates are reviewed periodically; however, actual results may differ from those estimates.

In connection with the acquisition of Oregon Energy (Note 5), reclamation and environmental obligations were evaluated in accordance with ASC 805, and recorded at their estimated fair value as of the acquisition date. The Company also considered the guidance under ASC 410, Asset Retirement and Environmental Obligations, for subsequent measurement of such obligations.

Prior to the acquisition, Oregon Energy posted cash bonds as financial assurance with the Bureau of Land Management of the United States Department of the Interior (“BLM”) and the Oregon Department of Geology and Mineral Industries (“DOGAMI”) to satisfy reclamation requirements. As of May 31, 2026, restricted cash representing amounts held as collateral for these obligations totaled $140,960 (November 30, 2025 - $Nil). These bonds relate to mineral exploration activities conducted in fiscal years prior to the acquisition, dating back to 2023, for which reclamation activities have been completed prior to the acquisition.

Oregon Energy originally deposited $160,470 with BLM and DOGAMI. In February 2025, refunds of $19,510 were received from the BLM following partial satisfaction of reclamation requirements. The remaining bonds are retained by the BLM and DOGAMI, until revegetation was deemed successful by these regulatory agencies.

As reclamation and environmental obligations were substantially settled prior to the acquisition, and the Company has yet to commence new exploration activities, the carrying amount of reclamation and environmental obligation was $Nil as of May 31, 2026.

Increases in reclamation and environmental obligation associated with exploration activities of the Company are not capitalized to mineral rights (Note 9), as only acquisition costs are capitalizable in accordance with ASC 930, Extractive Activities – Mining.

- Definition

The entire disclosure for environmental loss contingencies, such as presence of hazardous waste, relevant information from reports issued by regulators, and estimated costs to achieve compliance with regulatory requirements. This element may be used for all of an entity's disclosures about environmental loss contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 410
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481931/410-30-50-10

Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 410
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481931/410-30-50-10

Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 410
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Subparagraph (d)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481931/410-30-50-10

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 410
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481899/410-30-55-11

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 410
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 16
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481899/410-30-55-16

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 410
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/410-30/tableOfContent

Reference 7: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 410
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481931/410-30-50-10

Reference 8: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 410
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481931/410-30-50-10

Reference 9: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 410
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Subparagraph (d)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481931/410-30-50-10

Reference 10: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 410
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Subparagraph (d)(5)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481931/410-30-50-10

Reference 11: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 410
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481931/410-30-50-11

Reference 12: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 410
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481931/410-30-50-14

Reference 13: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 410
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481931/410-30-50-17

Reference 14: http://www.xbrl.org/2003/role/exampleRef
-Topic 410
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481899/410-30-55-17

+ Details

RISK CONCENTRATION

6 Months Ended

May 31, 2026

RISK CONCENTRATION

RISK CONCENTRATION

17.RISK CONCENTRATION

Financial instruments, which potentially subject the Company to concentration of risk, consist principally of cash and accounts payable and accrued liabilities. The total uninsured cash balance as of May 31, 2026 was $27,748,634 (November 30, 2025 - $980,411). The uninsured cash balance located in Canada was $160,081 and the uninsured cash balance located in the United States was $27,588,553.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (d)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 3A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482836/275-10-55-3A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-2A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/275/tableOfContent

+ Details

BASIS OF PRESENTATION (Tables)

6 Months Ended

May 31, 2026

BASIS OF PRESENTATION

Schedule of basis of consolidation

As of May 31, 2026, the Company’s subsidiaries were:


Name of subsidiary		Place of incorporation		Ownership
Eagle Energy		Nevada, the United States		100	%
Oregon Energy		Oregon, the United States		100	%
SVII		Cayman Islands		100	%

NATURE OF OPERATIONS (Details)	6 Months Ended
NATURE OF OPERATIONS (Details)	May 31, 2026 km² claim
NATURE OF OPERATIONS
Number of unpatented lode mining claims	263
Claims collectively coverage area \| km²	43
Oregon
NATURE OF OPERATIONS
Number of unpatented placer mining claims	71
Nevada
NATURE OF OPERATIONS
Number of unpatented placer mining claims	27

INTANGIBLE ASSET (Tables)

6 Months Ended

May 31, 2026

INTANGIBLE ASSET

Schedule of intangible assets

The Company’s intangible assets as of May 31, 2026, are as follows:


											Weighted
											Average
					Accumulated						Remaining Life
		Gross Assets			Amortization			Net Assets			(Years)
Patent licenses		$	99,888		$	(3,438)		$	96,450		19.3
Total intangible asset, net		$	99,888		$	(3,438)		$	96,450		19.3

The Company’s intangible assets as of November 30, 2025, are as follows:


											Weighted
											Average
					Accumulated						Remaining Life
		Gross Asset			Amortization			Net Assets			(Years)
Patent licenses		$	67,430		$	(1,515)		$	65,915		19.5
Total intangible asset, net		$	67,430		$	(1,515)		$	65,915		19.5

PROFESSIONAL FEES (Tables)

6 Months Ended

May 31, 2026

PROFESSIONAL FEES

Schedule of professional fees


	For the three		For the three		For the six		For the six
	months ended		months ended		months ended		months ended
	May 31, 2026		May 31, 2025		May 31, 2026		May 31, 2025
Consulting	$	596,803	$	377,116	$	899,203	$	690,192
Management fees		—		90,000		102,250		180,000
Legal, accounting and others		682,881		243,424		737,151		343,261
Directors’ compensation		731,157		—		731,157		—
	$	2,010,841	$	710,540	$	2,469,761	$	1,213,453

OPERATING LEASES (Tables)

6 Months Ended

May 31, 2026

OPERATING LEASES

Schedule of net lease cost and other supplemental lease information


		For the six months			For the six months
		ended May 31, 2026			ended May 31, 2025
Lease cost:
Operating lease cost		$	93,581		$	—
Short term lease cost			60,017			—
Net lease cost		$	153,598		$	—
Cash paid for operating lease liabilities		$	(69,933)		$	—

Schedule of lease balance sheet information


Lease liabilities		May 31, 2026			November 30, 2025
Current portion of operating lease liabilities		$	140,075		$	33,155
Long-term portion of operating lease liabilities			589,935			55,086
		$	730,010		$	88,241

Schedule of future minimum lease payments

Future minimum lease payments to be paid by the Company as a lessee as of May 31, 2026 are as follows:


Operating lease commitments and lease liability:
2026	$	127,842
2027		209,474
2028		180,665
2029		179,938
2030		183,537
2031		31,201
Total future minimum lease payments		912,657
Discount		(182,647)
Total	$	730,010

MINERAL RIGHTS (Tables)

6 Months Ended

May 31, 2026

Aurora Uranium Project

MINERAL RIGHTS

Schedule of mineral rights


	Aurora Uranium Property
Balance, November 30, 2024	$	—
Property option payment		1,000,000
Reimbursement of mining operations expenditures		201,390
Balance, November 30, 2025		1,201,390
Reimbursement of mining operations expenditures		18,155
Issuance common stock (Note 5)		11,536,180
Balance, May 31, 2026	$	12,755,725

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY - Warrants additional information (Details) - USD ($)	Feb. 24, 2026	May 31, 2026
Eagle Energy \| SVII
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Settlement of pre-existing liabilities	$ 2,422,133
Reverse recapitalization warrants
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Exercise price of warrants (in dollars per share)		$ 11.5
Reverse recapitalization warrants \| Eagle Energy \| SVII
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Number of shares issued for each warrants	1
Exercise price of warrants (in dollars per share)	$ 11.5
Number of warrants issued for settlement of liability	2,422,133
Warrant issue price per share	$ 1
Public warrants \| Eagle Energy \| SVII
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Number of warrants issued to shareholders	11,500,000
Number of shares issued for each warrants	1
Exercise price of warrants (in dollars per share)	$ 11.5
Private warrants \| Eagle Energy \| SVII
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Number of shares issued for each warrants	1
Exercise price of warrants (in dollars per share)	$ 11.5
Number of warrants issued to sponsor	7,000,000
Derivative warrants
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Exercise price of warrants (in dollars per share)	$ 12	$ 12
Number of warrants issuable (in shares)	2,500,000
Fair value of warrants upon issuance	$ 4,174,276

BASIS OF PRESENTATION

6 Months Ended

May 31, 2026

BASIS OF PRESENTATION

BASIS OF PRESENTATION

2.BASIS OF PRESENTATION

a)Basis of accounting

The accompanying unaudited condensed consolidated interim financial statements are presented using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for financial information. References to the “ASC” hereafter refer to the Accounting Standards Codification established by the Financial Accounting Standards Board (“FASB”) as the source of authoritative U.S. GAAP.

These unaudited condensed consolidated interim financial statements include the accounts of the Company, and its wholly-owned subsidiaries, Eagle Energy and SVII, following the reverse recapitalization as further discussed in Note 4, as well as its wholly-owned subsidiary, Oregon Energy, following the acquisition of Oregon Energy as further discussed in Note 5. For periods prior to the reverse recapitalization and acquisition of Oregon Energy, the reported share and per share amounts have been retroactively adjusted as further discussed below in this note, with the exception of authorized shares. Accompanying financial statements as of November 30, 2025, and accompanying unaudited condensed interim financial statements for the three and six months ended May 31, 2025, include only the accounts of Eagle Energy.

The unaudited condensed consolidated interim financial statements for the three and six months ended May 31, 2026 reflected (i) the historical operating results of Eagle Energy prior to the de-SPAC transaction, (ii) the combined results of the Company, Eagle Energy, SVII, and Oregon Energy following the closing of the de-SPAC transaction and acquisition, (iii) the assets and liabilities of Eagle Energy at their historical costs, (iv) the assets and liabilities of the Company and SVII at their historical costs, (v) the assets and liabilities assumed from acquisition of Oregon Energy as recognized in an asset acquisition as further discussed in Note 5, and (vi) the Company’s equity structure for all periods presented.

In the opinion of management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the results of the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full year ending November 30, 2026. These unaudited condensed consolidated interim financial statements should be read in conjunction with the financial statements for the year ended November 30, 2025 and the period from December 14, 2023 (inception) through November 30, 2024, included in the proxy statement/prospectus filed pursuant to Rule 424(b)(3) of the Securities Act of 1933, as amended (File No. 333-290631) on February 2, 2026.

The Company previously disclosed in its financial statements for the year ended November 30, 2025 and the period from December 14, 2023 (inception) through November 30, 2024, that a material uncertainty existed that cast doubt on the Company’s ability to continue as a going concern within one year after the date of the financial statements being issued. During the six months ended May 31, 2026, as a result of the successful completion of the de-SPAC transaction (Note 4) and a PIPE financing (Note 12), the Company possesses sufficient financial resources to sustain its operations. Thus the previously disclosed material uncertainty regarding the Company’s ability to continue as a going concern has been alleviated.

b)Basis of consolidation

These unaudited condensed consolidated interim financial statements include the accounts of the Company and entities controlled by the Company. Control exists when the Company has the power, directly or indirectly, to govern the financial and operating policies of an entity so as to obtain benefits from its activities. All intercompany balances and transactions, income and expenses have been eliminated upon consolidation.

As of May 31, 2026, the Company’s subsidiaries were:


Name of subsidiary		Place of incorporation		Ownership
Eagle Energy		Nevada, the United States		100	%
Oregon Energy		Oregon, the United States		100	%
SVII		Cayman Islands		100	%

c)Retroactive application of reverse recapitalization

As further discussed in Note 4, the de-SPAC transaction on February 24, 2026 was accounted for as a recapitalization of equity structure, with Eagle Energy being deemed as the accounting acquirer. Accordingly, these unaudited condensed consolidated interim financial statements of the Company represent a continuance of the business and operations of Eagle Energy, with the de-SPAC transaction being treated as the equivalent of Eagle Energy issuing stock for the net assets of SVII and the Company, accompanied by a recapitalization.

The number of shares of common stock of Eagle Energy for all periods prior to the de-SPAC transaction have been retrospectively adjusted using the exchange ratios that were established in accordance with the BCA, as further disclosed in Note 4.

Retroactive application of reverse recapitalization to the consolidated balance sheet as of November 30, 2025

To conform to the retroactive application of the reverse recapitalization (Note 4), the common stock and redeemable common stock within the consolidated balance sheets have been retroactively converted to common stock of the Company using the exchange ratios, with common stock of the Company having par value of $0.0001. Accordingly, the Company reclassified $9,131 of common stock par value of Eagle Energy to additional paid-in capital at November 30, 2025.

Retroactive application of reverse recapitalization to the unaudited condensed consolidated interim statements

The weighted average shares during the three and six months ended May 31, 2025 have been recalculated to give effect to the retroactive application of the reverse recapitalization (Note 4) on the outstanding shares. Accordingly, the basic and diluted weighted-average number of shares outstanding of Eagle Energy common stock were retroactively converted to common stock of the Company.

Retroactive application of reverse recapitalization to the unaudited condensed consolidated interim statements of changes in stockholders’ equity (deficit)

The unaudited condensed consolidated interim statements of changes in stockholders’ equity (deficit) for the three and six months ended May 31, 2025 has been recast to reflect the number of common stock of the Company issued to Eagle Energy stockholders in connection with the reverse recapitalization (Note 4) at the par value of the common stock of the Company of $0.0001. The number of shares of Eagle Energy common stock have been recast after giving effect to the exchange ratio in connection with the reverse recapitalization, and the related impacts to common stock and additional paid-in capital for the change in par value.

d)Variable interest entities (“VIE”)

A VIE is an entity that does not have sufficient equity at risk to finance its activities without additional subordinated financial support or is structured such that equity investors lack the ability to control the entity’s activities or do not substantially participate in the gains and losses of the entity. Upon inception of a contractual agreement, and thereafter, if a reconsideration event occurs, the Company performs an assessment to determine whether the arrangement contains a variable interest in an entity and whether that entity is a VIE. The primary beneficiary of a VIE is the party that has both the power to direct the activities that most significantly impact the VIE’s economic performance and the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. Where the Company concludes that it is the primary beneficiary of a VIE, the Company consolidates the accounts of that VIE. As of May 31, 2026, the Company is not involved in any contractual agreements that give rise to a VIE.

e)Functional and presentation currencies

The unaudited condensed consolidated interim financial statements of the Company are presented in United States dollars. The functional currency of the Company is the United States dollar; however, a significant amount of the Company’s vendors and expenses have been paid in Canadian dollars and the difference between the amount paid in Canadian dollars and reported in United States dollars related to the exchange rates on the dates such payments were made has been reflected in the accompanying unaudited condensed consolidated interim statements of operations of the respective period within the account labeled loss on foreign currency transactions.

f)Emerging growth company

The Company is an “Emerging Growth Company”, as defined in Section 2(a) of the Securities Act of 1933, as amended (the “Securities Act”), as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it has taken advantage of certain exemptions that are not applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved.

Further, Section 102(b) (1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial reporting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable.

The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public and private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard.

g)Use of estimates and judgments

The preparation of unaudited condensed consolidated interim financial statements in conformity with U.S. GAAP requires the Company’s management to make judgments, estimates and assumptions, about future events that may impact the amounts reported in the unaudited condensed consolidated interim financial statements. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are made prospectively.

Key estimates made by management with respect to the areas noted have been disclosed in the notes to the unaudited condensed consolidated interim financial statements.

REVERSE RECAPITALIZATION (Tables)

6 Months Ended

May 31, 2026

REVERSE RECAPITALIZATION

Schedule of information pertaining to reverse recapitalization

The following summarizes the common stock outstanding immediately following the de-SPAC transaction, on February 24, 2026:


		Number of shares		%
SVII Public Shareholders⁽¹⁾		1,101,717		3.44	%
SVII Rights Conversion		2,299,982		7.17	%
SVII Founders⁽²⁾		2,528,334		7.88	%
Total SVII		5,930,033		18.49	%
Eagle Energy Shareholders		21,638,289		67.45	%
Aurora Energy		1,710,991		5.33	%
Shares Issued for Transaction Costs		300,000		0.94	%
Total Common Stock at Closing		29,579,313		92.21	%
Series A Cumulative Convertible Preferred Stock, As Converted		2,500,000		7.79	%
Total Shares		32,079,313		100.00	%

(1)

Includes 691,666 shares of common stock transferred by SVII Sponsor to certain SVII Public Shareholders in accordance with a non-redemption agreement among the parties.

(2)

Includes SVII Sponsor and former independent directors of SVII. Excludes 691,666 shares of common stock transferred in accordance with a non-redemption agreement.

A reconciliation of net contributions from reverse recapitalization is as follows:


Cash	$	4,894,595
Less: transaction costs		(2,916,782)
Proceeds from the reverse recapitalization	$	1,977,813

Net liabilities assumed by the Company:
Prepaid expenses	$	24,284
Accounts payable and accrued liabilities		(10,913)
Promissory notes payable		(2,422,133)
Net assets (liabilities)	$	(2,408,762)

Add: conversion of promissory notes to warrants	$	2,422,133
Net contributions from reverse recapitalization	$	1,991,184

A reconciliation of cash assumed on reverse recapitalization is as follows:


Proceeds from the reverse recapitalization	$	1,977,813
Add: transaction costs not paid from de-SPAC proceeds		48,689
Less: Cash disbursed for prepaid expenses from de-SPAC proceeds		(87,045)
Cash assumed on reverse recapitalization	$	1,939,457

OFFICE AND ADMINISTRATIVE (Tables)

6 Months Ended

May 31, 2026

OFFICE AND ADMINISTRATIVE

Schedule of office and administrative expenses


		For the three			For the three			For the six			For the six
		months ended			months ended			months ended			months ended
		May 31, 2026			May 31, 2025			May 31, 2026			May 31, 2025
Administrative expenses		$	75,043		$	59,264		$	173,679		$	89,994
Bank charges			904			1,275			3,424			1,586
Insurance			224,900			—			241,466			—
Marketing			305,360			—			536,476			—
Public company costs			225,282			—			283,640			—
		$	831,489		$	60,539		$	1,238,685		$	91,580

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	May 31, 2026	Nov. 30, 2025	May 31, 2025
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Common stock, par value per share (in dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001
Collateral held	$ 140,960	$ 0
Buildings
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Estimated useful lives	20 years
Furniture and equipment
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Estimated useful lives	5 years
Moveable equipment
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Estimated useful lives	4 years
Other equipment
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Estimated useful lives	5 years
Reclamation and environmental obligations
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Collateral held	$ 140,960
Corporate credit card
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Collateral held	$ 50,000

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

6 Months Ended

May 31, 2026

BASIS OF PRESENTATION

Basis of accounting

a)Basis of accounting

Basis of consolidation

b)Basis of consolidation

As of May 31, 2026, the Company’s subsidiaries were:


Name of subsidiary		Place of incorporation		Ownership
Eagle Energy		Nevada, the United States		100	%
Oregon Energy		Oregon, the United States		100	%
SVII		Cayman Islands		100	%

Variable interest entities ("VIE")

d)Variable interest entities (“VIE”)

Functional and presentation currencies

e)Functional and presentation currencies

Emerging growth company

f)Emerging growth company

Use of estimates and judgments

g)Use of estimates and judgments

Key estimates made by management with respect to the areas noted have been disclosed in the notes to the unaudited condensed consolidated interim financial statements.

Reverse recapitalization with SVII

Reverse recapitalization with SVII

While Eagle Energy was a legal acquiree in the BCA, and the Company is the legal parent of both SVII and Eagle Energy after the de-SPAC transaction, for financial accounting and reporting purposes under U.S. GAAP, Eagle Energy is the accounting acquirer and the de-SPAC transaction is accounted for as a “reverse recapitalization”.

For accounting purposes, the de-SPAC transaction was treated as the equivalent of Eagle Energy issuing stock for the net assets of SVII and the Company, accompanied by a recapitalization. The Company was determined to be a vehicle through which the reverse recapitalization is effected. The net assets of SVII and the Company are stated at historical cost, and no goodwill or other intangible assets were recorded. As Eagle Energy was deemed the accounting acquirer in the de-SPAC transaction, the Company is a continuation of the operations of Eagle Energy. The historical financial statements of Eagle Energy are the historical financial statements of the Company upon the consummation of the de-SPAC transaction.

The equity structure has been retroactively restated in all comparative periods up to the consummation of the de-SPAC transaction to reflect the number of shares of the Company’s common stock, $0.0001 par value per share, issued to Eagle Energy stockholders in connection with the Business Combination. As such, the shares and corresponding capital amounts and earnings per share have been retroactively restated as shares reflecting the exchange ratios established in the de-SPAC transaction.

Acquisition of Oregon Energy

Acquisition of Oregon Energy

Oregon Energy was assessed under ASC Topic 805, Business Combinations (“ASC 805”), and did not qualify as a business because no substantive process was acquired. Accordingly, the acquisition of Oregon Energy was accounted for as an asset acquisition. Asset acquisitions are accounted for by using a cost accumulation model, with no recognition of goodwill. The purchase price was allocated to the identifiable assets acquired and liabilities assumed based on their relative fair value as of the acquisition date, excluding assets or liabilities for which the subsequent accounting under other U.S. GAAP principles would result in recognition of an immediate gain or loss.

Restricted cash

Restricted cash consists of cash balances that are legally or contractually restricted as to withdrawal or use and are not available for general operations. Such amounts are classified as current or noncurrent based on the expected timing of release. As of May 31, 2026, this includes $140,960 held as collateral for reclamation and environmental obligations (Note 6), and $50,000 held as collateral for a corporate credit card.

Preferred stock dividends

Preferred stock dividends are recognized in accordance with the contractual terms of the underlying instruments. Dividends on preferred stock are recorded when declared; however, for cumulative preferred stock, dividends are accrued as they are earned, whether or not declared, if the terms require payment upon redemption or otherwise create an obligation. Such dividends are generally recorded as a reduction of retained earnings (or decrease in additional paid-in capital, if no retained earnings are available) and, where applicable, as an increase to the carrying amount of the preferred stock. Dividends payable in cash, common stock, or additional preferred shares are measured based on the fair value or contractual amount at the declaration date, depending on the nature of the arrangement. Preferred stock dividends reduce income available to common stockholders in the calculation of earnings per share.

Property, plant and equipment

Property, plant and equipment is recorded at cost, less accumulated depreciation and impairment losses. The Company provides for depreciation over the expected useful life of the assets. No depreciation is recorded on assets prior to their initial commencement of operations. Costs include expenditures to acquire or construct an asset, including the preparation of an asset to commence operations, installation, commissioning, and certification costs. Subsequent costs are capitalized, either to the asset’s carrying amount or recognized as a separate asset when it is probable that the Company will derive future economic benefits, generally from extending an asset’s life or enhancing its productive capacity. The estimated useful lives of assets are reviewed by management and adjusted if necessary. Repair and maintenance costs are charged to profit or loss during the period they are incurred.

Depreciation is recorded using the straight-line method over the estimated useful lives of the assets as follows:

● Buildings	20 years
● Furniture and equipment	5 years
● Moveable equipment	4 years
● Other equipment	5 years

Redeemable preferred stock

The Company accounts for its redeemable preferred stock in accordance with the guidance of ASC Topic No. 480, Distinguishing Liabilities from Equity (“ASC 480”). Preferred stock that is mandatorily redeemable is classified as a liability and measured at the present value of the redemption amount. Conditionally redeemable preferred stock (including preferred stock that is redeemable at the option of the holder or upon the occurrence of events not solely within the Company’s control) is classified as temporary equity. At all other times, preferred stock is classified as stockholders’ equity. The Company’s redeemable preferred stock contains redemption features that are outside of its control and subject to uncertain future events. Accordingly, such redeemable preferred stock is presented at the present value of its redemption amount as mezzanine equity, outside of the stockholders’ equity section of the Company’s unaudited condensed consolidated interim balance sheets. Accretion of the present value of redemption amounts is recognized to retained earnings or additional paid-in capital.

Warrant liability

The Company accounts for warrants issued in connection with the Private Investment in Public Entity (“PIPE”) financing in accordance with ASC 480. Warrants are evaluated to determine whether they meet the definition of a freestanding financial instrument and whether they qualify for equity classification. Warrants that do not meet the criteria for equity classification, including those that are not indexed to the Company’s own stock or contain provisions that could require net cash settlement, are classified as derivative liabilities. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly period end date while the warrants are outstanding. Such warrants are initially recognized at fair value on the date of issuance, with proceeds from the financing allocated first to the warrants based on their fair value and the residual allocated to the associated equity instruments. Subsequent to initial recognition, the derivative warrant liabilities are remeasured at fair value at each reporting date, with changes in fair value recognized in the unaudited condensed consolidated interim statement of operations.

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY - Preferred stock (Details) - $ / shares	May 31, 2026	Feb. 24, 2026	Nov. 30, 2025
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Preferred stock, shares authorized	3,500,000		50,000,000
Preferred stock, par value (in dollars per share)	$ 0.0001		$ 0.0001
Preferred stock, shares issued	0		0
Preferred stock, shares outstanding	0		0
Eagle Energy
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Preferred stock, shares authorized		50,000,000
Preferred stock, par value (in dollars per share)		$ 0.0001
Series A cumulative preferred stock, redeemable
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Temporary Equity, Shares Issued	29,700		0

- Definition

The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.

+ References + Details

- Definition

Number of shares issued for nonredeemable preferred shares and preferred shares redeemable solely at option of issuer. Includes, but is not limited to, preferred shares issued, repurchased, and held as treasury shares. Excludes preferred shares classified as debt.

+ References + Details

- Definition

Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480100/505-10-S45-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477657/942-210-S45-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478478/942-210-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480657/210-10-S50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.6-05(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(16)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477657/942-210-S45-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478478/942-210-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27)(c)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27)(c)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480657/210-10-S50-13

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1

+ Details

- Definition

The number of securities classified as temporary equity that have been sold (or granted) to the entity's shareholders. Securities issued include securities outstanding and securities held in treasury. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

+ References + Details

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY - Reconciliation (Details) - USD ($)	6 Months Ended	12 Months Ended
	May 31, 2026	Nov. 30, 2025
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Redeemable common stock subject to possible redemption, beginning balance	$ 300,000
Gross proceeds	29,700,000
Accretion		$ 170
Redeemable common stock subject to possible redemption, ending balance		$ 300,000
Series A cumulative preferred stock, redeemable
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Gross proceeds	29,700,000
Allocation to warrant liability	(4,174,276)
Accretion	204,076
Redeemable common stock subject to possible redemption, ending balance	$ 25,729,800

- Definition

Value of accretion of temporary equity to its redemption value during the period.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477657/942-210-S45-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478478/942-210-S50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27)(c)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480657/210-10-S50-13

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-2

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-2

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1

+ Details

- Definition

Carrying amount, attributable to parent, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer.

+ References

+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

COMMITMENTS AND CONTINGENCIES

6 Months Ended

May 31, 2026

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

16.COMMITMENTS AND CONTINGENCIES

Commitments

On January 1, 2024, the Company entered into a consulting agreement with the CEO of the Company. Pursuant to the agreement, the CEO is eligible to receive a one-time cash payment of $25,000 upon completion of an initial public offering. In connection with the completion of the de-SPAC transaction (Note 4), this condition was satisfied, and accordingly, the $25,000 payment was paid during the six months ended May 31, 2026. Following the de-SPAC transaction, the CEO is expected to enter into an executive employment agreement with the Company, which was approved by the board on June 5, 2026 (Note 19). Pursuant to the new executive employment agreement, the CEO will be entitled to receive (i) $50,000 of cash bonus payable upon the commencement of the Company’s technical work program at the AUP; and, at the board’s approval, (ii) 183,333 RSUs pursuant to the EIP; and, (iii) additional equity awards consisting of a mix of stock options and RSUs totaling 1,000,000 shares, with allocations to be determined by the Company’s board of directors. The additional equity awards totaling 1,000,000 shares, consisting of 750,000 stock options and 250,000 RSUs, were granted to the CEO on April 15, 2026 (Note 13).

On June 1, 2024, the Company began leasing office space on a month-to-month basis from an unrelated third party under an operating lease agreement. The monthly payments approximate $7,500 (CAD$10,500) and ancillary expenses. This operating lease agreement has been terminated as of March 31, 2026. During the six months ended May 31, 2026, rent expense under this agreement totaled $30,274 (for the six months ended May 31, 2025 - $48,943).

On September 29, 2025, the Company entered into the PIPE Agreement with Eagle Energy and a private investor, regarding a potential issuance by the Company, of 29,700 shares of Series A Cumulative Convertible Preferred Stock for $29,700,000 (“PIPE Issuance”), upon the completion of the de-SPAC transaction as contemplated by the BCA (Note 4). The PIPE Issuance was completed on February 24, 2026. The Series A Cumulative Convertible Preferred Stock accrues dividends at 12% annually (if paid in kind), or 10% annually (if paid in cash). At the option of the holder, the PIPE Issuance is convertible to common stock of the Company initially at a conversion price of $11.88, representing a conversion ratio of 1-to-84.18, subject to adjustments. In connection with the PIPE Issuance, the Company also issued to the investor 2,500,000 warrants with an exercise price of $12.00 per share (Note 12). As of May 31, 2026, the Company accrued dividends of $781,151.

On October 15, 2025, the Company entered into a consulting agreement with the CFO of the Company. Pursuant to the agreement, the Company will use commercially reasonable efforts to issue 90,000 stock options to the CFO upon completion of listing on Nasdaq. As of May 31, 2026, the Company issued 14,000 stock options and 42,000 RSUs to the CFO. A commitment to issue 34,000 stock options remains yet to be met. Following the de-SPAC transaction, the CFO is expected to enter into an executive employment agreement with the Company, which was approved by the board on June 5, 2026 (Note 19). Pursuant to the new executive employment agreement, the CFO may receive an additional 10,000 RSUs pursuant to the EIP, subject to the board’s approval.

On October 16, 2025, the Company entered into an operating lease agreement from an unrelated third party for the office space in New York for 62 months, which commenced on January 1, 2026 (Note 10). The monthly payments approximate $14,457 and ancillary expenses. During the period ended May 31, 2026, rent expense under this agreement totaled $71,118 (May 31, 2025 - $Nil).

On November 3, 2025, the Company entered into an operating lease agreement from an unrelated third party for the office space in Vancouver for 2 years (Note 10). The monthly payments approximate $4,211 (CAD $5,787) and ancillary expenses. During the period ended May 31, 2026, rent expense under this agreement totaled $22,463 (May 31, 2025 - $Nil).

On February 24, 2026, upon the completion of the de-SPAC transaction (Note 4), the Company granted the right to certain shareholders of the Company to receive Earnout Shares (Note 12). During the Earnout Period until February 24, 2031, if the Earnout Target is met, or if a change of control transaction occurs during the Earnout Period and the Earnout Target was not already met, the Company will grant 1,500,000 Earnout Shares to the eligible shareholders. No Earnout Share has been issued as of May 31, 2026.

On March 27, 2026, the Company entered into a drilling services agreement with Harris Exploration Drilling & Associates Inc. to complete a 27,000 ft drill program at the AUP to address data gaps and advance the AUP towards a pre-feasibility study. The drill program is expected to commence in July 2026, subject to requisite permit approvals from BLM and DOGAMI. The agreement may be terminated for convenience at any time by the Company with 30 days prior written notice at no penalty, with only payment required for work actually performed up to the effective date of termination and for reasonable, documented demobilization costs directly resulting from such termination.

On April 28, 2026, the Company entered into a services agreement with Tensor Medium Corporation, an advanced algorithm and artificial intelligence company, to support reactor modeling, simulation and optimization efforts connected to the Company’s SMR program, including reactor engineering support, materials optimization, quantum development, and support for future licensing readiness in connection with the Company’s SMR development initiatives. The contract is for a term of 12 months and may be terminated for convenience at any time by either party with 30 days prior written notice at no penalty.

Contingencies

The Company could potentially become involved in various lawsuits, actions and claims, from time to time, arising in the ordinary course of business, although management is not aware of any such lawsuits, actions or claims at the date of issuance of these unaudited condensed consolidated interim financial statements. In management’s opinion, should any such items occur, the ultimate outcome will not have a material adverse effect on the financial position or results of operations of the Company.

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY (Tables)

6 Months Ended

May 31, 2026

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY

Schedule of continuity of stock options and stock options outstanding and exercisable


				Weighted Average
		Number of stock options		Exercise price
Balance, November 30, 2025		—		$	—
Granted		887,375			9.87
Balance, May 31, 2026		887,375		$	9.87

As at May 31, 2026, the following stock options were outstanding and exercisable:


				Outstanding Options				Exercisable Options
					Weighted	Weighted			Weighted
					Average	Average			Average	Weighted
	Expiry	Exercise			Remaining	Exercise			Remaining	Average
Grant Date	Date	Price		Number	Life	Price		Number	Life	Exercise Price
		$				$				$
15-Apr-26	15-Apr-31	$	10.00	750,000	4.88 years	$	10.00	250,000	4.88 years	$	10.00
6-May-26	6-May-31	$	9.15	137,375	4.93 years	$	9.15	52,564	4.93 years	$	9.15
				887,375	4.89 years	$	9.87	302,564	4.89 years	$	9.85

Schedule of company determined that stock options had a fair value


Expected volatility		114.01% – 114.36%
Expected term		2.75 years – 3 years
Risk free interest rate		3.90% - 3.99%
Dividend yield		0%

Schedule of continuity of RSUs


		Number of RSUs
Balance, November 30, 2025		—
Granted		592,125
Balance, May 31, 2026		592,125

Schedule of RSUs were outstanding and vested

As at May 31, 2026, the following RSUs were outstanding and vested:


Number of RSUs outstanding	Grant date	Number of RSUs Vested
250,000	April 15, 2026	83,333
342,125	May 6, 2026	134,356
592,125		217,689

Schedule of warrants activity

As of May 31, 2026, the continuity of share purchase warrants is as follows:


	Number of	Weighted Average		Remaining
	warrants	Exercise price		life (Years)
Balance, November 30, 2025	—	$	—	—
Issued for PIPE financing	2,500,000		12.00	4.74
Issued on reverse recapitalization (Note 4)	20,922,133		11.50	4.74
Exercised	(200)		11.50	—
Adjustment	(17)		11.50	—
Balance, May 31, 2026	23,421,916	$	11.55	4.74

As of May 31, 2026, the following share purchase warrants were outstanding:


Number of warrants outstanding		Exercise price			Expiry date
2,500,000		$	12.00		February 24, 2031
20,921,916		$	11.50		February 24, 2031
23,421,916

Schedule of anti-dilutive securities

The Company has the following anti-dilutive securities as of May 31, 2026 and 2025:


		May 31, 2026		May 31, 2025
Warrants		23,421,916		—
Stock options		887,375		—
RSUs		592,125		—
Earnout shares		1,500,000		—
Series A Cumulative Convertible Preferred Stock		2,500,000		—
		28,901,416		—

Common stock, subject to possible redemption

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY

Schedule of redeemable common stock


Redeemable common stock, November 30, 2024	$	—
Gross proceeds		300,000
Less: share issuance costs		(170)
Plus: adjust carrying value to redemption value		170
Redeemable common stock, November 30, 2025		300,000
Less: transfer to permanent equity		(300,000)
Redeemable common stock, May 31, 2026	$	—

Series A cumulative preferred stock, redeemable

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY

Schedule of redeemable common stock


Redeemable Series A Cumulative Convertible Preferred Stock, November 30, 2025	$	—
Gross proceeds		29,700,000
Allocation to warrant liability (Note 11)		(4,174,276)
Accretion		204,076
Redeemable Series A Cumulative Convertible Preferred Stock, May 31, 2026	$	25,729,800

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY - Common stock subject to possible redemption reflected on the unaudited condensed consolidated interim balance sheets (Details) - USD ($)

1 Months Ended

6 Months Ended

12 Months Ended

Jul. 31, 2025

May 31, 2026

Nov. 30, 2025

Common stock subject to possible redemption reflected on the balance sheets

Redeemable common stock subject to possible redemption, beginning balance

$ 300,000

Gross proceeds

$ 300,000

Less: share issuance costs

(170)

Plus: adjust carrying value to redemption value

170

Less: transfer to permanent equity

(300,000)

Redeemable common stock subject to possible redemption, ending balance

300,000

Common stock, subject to possible redemption

Common stock subject to possible redemption reflected on the balance sheets

Redeemable common stock subject to possible redemption, beginning balance

^[1]

$ 300,000

Gross proceeds

$ 300,000

Redeemable common stock subject to possible redemption, ending balance

^[1]

$ 300,000

[1]	The shares of the Company’s common stock, prior to the de-SPAC (as defined in Note 1) have been retroactively restated to reflect the exchange ratio of approximately 5.8349:1 established in the de-SPAC, as described in Note 4.

- Definition

Value of accretion of temporary equity to its redemption value during the period.

ACQUISITION OF OREGON ENERGY (Details) - USD ($)	Feb. 24, 2026	Nov. 18, 2024	May 31, 2026	May 01, 2026	Apr. 27, 2026	Nov. 30, 2025	May 31, 2025
ACQUISITION OF OREGON ENERGY
Fair value per share				$ 11.5	$ 11.5
Cash			$ 28,091,090			$ 1,301,928	$ 4,894,765
Restricted cash			140,960			0
Property, plant and equipment			283,877
Accounts payable and accrued liabilities			$ (783,866)			$ (530,339)
Aurora Energy
ACQUISITION OF OREGON ENERGY
Ownership percentage	100.00%
Aurora Option Agreement
ACQUISITION OF OREGON ENERGY
Net smelter return royalty on the mineral rights		1.00%
Aurora Option Agreement \| Aurora Energy
ACQUISITION OF OREGON ENERGY
Net smelter return royalty on the mineral rights	1.00%
Oregon Energy LLC
ACQUISITION OF OREGON ENERGY
Number of common shares issued for acquisition of Oregon Energy	1,710,991
Fair value per share	$ 6.99
Share consideration	$ 11,959,827
Cash consideration from prior option payments (Note 9)	1,219,545
Total consideration	13,179,372
Cash	302
Prepaids and deposits	42,604
Restricted cash	140,960
Property, plant and equipment	242,012
Accounts payable and accrued liabilities	(2,231)
Mineral rights	12,755,725
Net assets (liabilities)	$ 13,179,372
Oregon Energy LLC \| Aurora Option Agreement
ACQUISITION OF OREGON ENERGY
Number of common shares issued for acquisition of Oregon Energy	1,710,991
Mineral rights	$ 12,755,725

MINERAL RIGHTS

6 Months Ended

May 31, 2026

MINERAL RIGHTS

MINERAL RIGHTS

9.MINERAL RIGHTS

Aurora Uranium Project

On November 18, 2024 (the “Option Effective Date”), Eagle Energy entered into the Aurora Option Agreement with Aurora Energy and its then-wholly owned subsidiary Oregon Energy who, through Oregon Energy, is the owner of 100% interest in the AUP. As part of the Aurora Option Agreement, Aurora Energy, agreed to grant Eagle Energy the sole, exclusive option to acquire all of the issued and outstanding equity interests in Oregon Energy. The option was exercised on February 24, 2026 (Note 5), upon which Eagle Energy acquired 100% of Oregon Energy including all of its right, title and interest in the AUP.

In order to exercise the option, Eagle Energy was required to:

●

Pay $300,000 cash consideration on or before December 18, 2024 (paid)

●

Complete a measured and/or indicated SK1300 technical report and mineral resource estimate (an “SK1300 Report”) for the project, in accordance with the standards of Subpart 1300 of Regulation S-K of the Securities Act (completed);

●

Issue shares of common stock in Eagle Energy with a value of $16,000,000 (“Aurora Option Payment Shares”) on the closing date (issued) of:

an initial public offering of Eagle Energy’s shares and listing thereof on a national securities exchange, or

a different transaction which results in the listing of Eagle Energy’s shares on a national securities exchange, or

the acquisition of substantially all Eagle Energy’s outstanding equity securities or substantially all of Eagle Energy’s assets by a public company with common equity that is listed on a national securities exchange, in each case prior to May 18, 2025 (the “Listing Event”); and

●

Raise a minimum of $6,800,000 in connection with the Listing Event (met).

●

Grant Aurora Energy a 1% NSR in the project’s future revenue (granted), half or all of which may be repurchased by the company for consideration of $1,000,000 or $2,000,000, respectively, prior to commencement of the project’s commercial operations;

The Aurora Option Agreement provided for up to two six-month extensions to the date of the Listing Event, each subject to additional consideration. For the first extension, Eagle Energy was required to pay $300,000 to Aurora Energy and fund $250,000 of Oregon Energy’s mining expenditures. For the second extension, Eagle Energy was required to pay $400,000 and fund an additional $250,000 of such expenditures.

On May 18, 2025, Eagle Energy exercised its right to the first six-month extension and made an additional payment of $300,000 to Aurora Energy. On November 18, 2025, Eagle Energy exercised its right to the second six-month extension and made an additional payment of $400,000 to Aurora Energy. As part of the extensions, Eagle Energy was obligated to reimburse up to $500,000 of mining operations expenditures of Oregon Energy. As of February 24, 2026, prior to the exercise of the option (Note 5), Eagle Energy made reimbursements totaling $219,545.

On November 26, 2025, Eagle Energy, Aurora Energy, and Oregon Energy executed a First Amendment to the Property Option Agreement. The amendment (i) revised the second extension to complete a Listing Event from a six month period (deadline of May 18, 2026) to a 225 day period (deadline of July 2, 2026), and (ii) provides that the Resource Payment provisions under which Aurora Energy may be entitled to additional payment shares as mentioned hereinafter are amended such that the determination is made following the next newly prepared SK1300 mineral resource update published by the Company.

On February 24, 2026, immediately before the completion of the de-SPAC transaction (Note 4), Eagle Energy, Aurora Energy, and Oregon Energy executed a Second Amendment to the Property Option Agreement. The amendment (i) confirmed the number of Aurora Option Payment Shares to be issued, (ii) set the deadline for grant of NSR to Aurora Energy to be on or before 10 business days after the closing date, and (iii) clarified certain terms and conditions of the Aurora Option Agreement, including terms related to the Resource Payment and the Pre-Feasibility Bonus (as hereinafter defined) are intended to survive closing until those covenants have been fully performed.

The number of Aurora Option Payment Shares to be issued was to be adjusted to provide for additional shares based on an increase in uranium spot price over the period between the Option Effective Date and the Listing Event, equal to the product of (I) 50% of the percentage increase in the spot price and (II) the number of Aurora Option Payment Shares associated with the initial $16,000,000 valuation. If the spot price does not increase, there will be no adjustment to the number of Aurora Option Payment Shares. The value of Aurora Option Payment Shares was adjusted to be $17,109,910 on February 24, 2026, immediately before closing (Note 5).

Aurora Energy may be entitled to additional payment shares (the “Resource Payment”). If the Company identifies a measured and/or indicated mineral resource, in its next newly prepared SK1300 mineral resources update, of at least 40 million pounds of U3O8, Aurora Energy will be entitled to receive $4,000,000 in Resource Payment. Each additional 1,000,000 pounds of U3O8 above 40 million pounds will further increase the total value of the Resource Payment by $200,000, up to a maximum of $1,000,000, resulting in an overall maximum of $5,000,000 of Resource Payment. The number of shares issuable for a Resource Payment is calculated based on the 30-day volume-weighted average trading price (“VWAP”) of the Company’s shares for the 30 trading days prior to the date of the announcement of the SK1300 mineral resource update.

Further, upon completion of a positive pre-feasibility study on the project following a Listing Event, the Company will issue to Aurora Energy additional payment shares (the “Pre-Feasibility Bonus”) with a value of $5,000,000, determined by the 30-day VWAP of the Company’s shares during the 30 days prior to the announcement of the pre-feasibility study.

On February 24, 2026, the Company completed the acquisition of Oregon Energy (Note 5). The number of Aurora Option Payment Shares issued by the Company was calculated based on the deemed transaction price in the BCA of the de-SPAC transaction (Note 4) of $10 per share, as Eagle Energy completed the Listing Event by way of a de-SPAC transaction with SVII on February 24, 2026, with the Company becoming the parent of Eagle Energy and obtaining a listing on Nasdaq. As such, the number of shares issued was 1,710,991. Based on a relative fair value allocation, $12,755,725 of the total cash and share consideration paid was allocated to the mineral rights acquired as a result of the acquisition of Oregon Energy.

The Company capitalized the following acquisition costs for the payments made to Aurora Energy beginning on November 30, 2024 through May 31, 2026.


	Aurora Uranium Property
Balance, November 30, 2024	$	—
Property option payment		1,000,000
Reimbursement of mining operations expenditures		201,390
Balance, November 30, 2025		1,201,390
Reimbursement of mining operations expenditures		18,155
Issuance common stock (Note 5)		11,536,180
Balance, May 31, 2026	$	12,755,725

The aggregate maximum Resource Payment and Pre-Feasibility Bonus potentially payable to Aurora Energy is $10,000,000, payable in additional payment shares. This contingent consideration was not included in the cost of the acquired mineral rights recognized at the closing date and will be recognized as an addition to the cost basis of the asset if and when the applicable milestone is achieved and the obligation becomes probable. As of May 31, 2026, neither milestone had been achieved. The Company currently expects a pre-feasibility study to be completed by the end of calendar year 2027. The Company expects to prepare its next SK1300 mineral resources update in connection with the completion of the pre-feasibility study.

BASIS OF PRESENTATION - Basis of consolidation (Details)	May 31, 2026
Eagle Energy
BASIS OF PRESENTATION
Ownership	100.00%
Oregon Energy
BASIS OF PRESENTATION
Ownership	100.00%
SVII
BASIS OF PRESENTATION
Ownership	100.00%

WARRANT LIABILITY - Fair value of warrant liability (Details)	May 31, 2026 Y $ / shares	Feb. 24, 2026 Y $ / shares
Share price
WARRANT LIABILITY
Derivative liability	10.08	6.99
Floor price
WARRANT LIABILITY
Derivative liability	7.5	7.5
Discount for lack of marketability
WARRANT LIABILITY
Derivative liability		0.641
Expected volatility
WARRANT LIABILITY
Derivative liability	1.20	1
Risk free interest rate
WARRANT LIABILITY
Derivative liability	0.0404	0.0355
Expected life of warrant
WARRANT LIABILITY
Derivative liability \| Y	4.74	5

MINERAL RIGHTS - Aurora Uranium Project (Details)							6 Months Ended
MINERAL RIGHTS - Aurora Uranium Project (Details)	Feb. 24, 2026 USD ($) $ / shares shares	Nov. 26, 2025	Nov. 18, 2025 USD ($)	May 18, 2025 USD ($)	Dec. 18, 2024 USD ($)	Nov. 18, 2024 USD ($) D item lb	May 31, 2026 USD ($)	May 31, 2025 USD ($)
MINERAL RIGHTS
Cash paid as consideration							$ 18,155	$ 600,000
Oregon Energy LLC
MINERAL RIGHTS
Percentage of interest acquired						100.00%
Number of common shares issued for acquisition of Oregon Energy \| shares	1,710,991
Mineral rights	$ 12,755,725
Aurora Uranium Project
MINERAL RIGHTS
Percentage of interests acquired						100.00%
Cash paid as consideration					$ 300,000
Value of common shares issued						$ 16,000,000
Minimum amount raised in connection with Listing Event						$ 6,800,000
NSR Royalty, percentage						1.00%
Consideration for half repurchase of NSR						$ 1,000,000
Consideration for full repurchase of NSR						$ 2,000,000
Number of extensions \| item						2
Extension term						6 months
Number of days deadline for the grant of net smelter return (NSR)	10 days
Percentage increase in the spot price						50.00%
Adjusted value of shares	$ 17,109,910
Increase in value of common shares issued						$ 5,000,000
Trading days						30 days
Threshold consecutive trading days prior to announcement of mineral resource update \| D						30
Threshold consecutive trading days prior to announcement of pre-feasibility study \| D						30
Deemed transaction price per share \| $ / shares	$ 10
Aurora Uranium Project \| First Six-Month Extension
MINERAL RIGHTS
Payments for extension						$ 300,000
Expenditure incurred						250,000
Aurora Uranium Project \| Second Six-Month Extension
MINERAL RIGHTS
Extension term		225 days
Payments for extension						400,000
Expenditure incurred						250,000
Aurora Uranium Project \| Mineral Resource of At Least 40 Million Pounds
MINERAL RIGHTS
Value of common shares issued						$ 4,000,000
Minimum volume of mineral resource \| lb						40,000,000
Aurora Uranium Project \| Mineral Resource for Additional 1,000,000 Pound
MINERAL RIGHTS
Additional volume of mineral resource \| lb						1,000,000
Increase in value of common shares issued						$ 200,000
Aurora Uranium Project \| Mineral Resource for Additional 1,000,000 Pound \| Maximum
MINERAL RIGHTS
Value of common shares issued						5,000,000
Increase in value of common shares issued						$ 1,000,000
Aurora Uranium Project \| Oregon Energy LLC
MINERAL RIGHTS
Number of common shares issued for acquisition of Oregon Energy \| shares	1,710,991
Mineral rights	$ 12,755,725
Eagle Energy
MINERAL RIGHTS
Reimbursement for expenses	$ 219,545
Eagle Energy \| Aurora Uranium Project \| Maximum
MINERAL RIGHTS
Expenditure incurred			$ 500,000
Eagle Energy \| Aurora Uranium Project \| First Six-Month Extension
MINERAL RIGHTS
Extension term				6 months
Payments for extension				$ 300,000
Eagle Energy \| Aurora Uranium Project \| Second Six-Month Extension
MINERAL RIGHTS
Extension term			6 months
Payments for extension			$ 400,000

WARRANT LIABILITY (Details) - USD ($)	3 Months Ended	6 Months Ended
WARRANT LIABILITY (Details) - USD ($)	May 31, 2026	May 31, 2026
WARRANT LIABILITY
Change in fair value of warrant liabilities	$ (17,750,724)	$ (17,750,724)
Ending balance	21,925,000	21,925,000
Derivative warrants
WARRANT LIABILITY
Issuance		4,174,276
Change in fair value of warrant liabilities		17,750,724
Ending balance	$ 21,925,000	$ 21,925,000

- Definition

The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.

+ References + Details

PROPERTY, PLANT AND EQUIPMENT (Details)	3 Months Ended	6 Months Ended
PROPERTY, PLANT AND EQUIPMENT (Details)	May 31, 2026 USD ($)	May 31, 2026 USD ($)
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Gross book value	$ 289,979	$ 289,979
Accumulated depreciation	(6,102)	(6,102)
Net book value	283,877	283,877
Depreciation expense	4,619	6,102
Land
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Gross book value	151,172	151,172
Buildings
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Gross book value	80,593	80,593
Furniture and equipment
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Gross book value	49,457	49,457
Moveable equipment
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Gross book value	1,253	1,253
Other equipment
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Gross book value	$ 7,504	$ 7,504

INTANGIBLE ASSET

6 Months Ended

May 31, 2026

INTANGIBLE ASSET

INTANGIBLE ASSET

8.INTANGIBLE ASSET

On June 20, 2025, the Company entered into an exclusive patent license agreement with UNM Rainforest Innovations (“UNMRI”) for the use and commercialization of certain patents and technologies, including the grant of commercial sub-licenses, in relation to designs and technologies of small modular nuclear reactors. The term of the agreement is to remain in force until the later of: (i) 10 years from the date of first sale of a licensed product, or provision of a licensed service; and, (ii) the last expiration date of the underlying patents. The Company paid a license fee of $50,000 and patent expense reimbursement of $17,430 upon execution of the agreement. The Company capitalized the costs paid upon execution of the agreement, and subsequent costs connected with establishment of new intangible asset rights.

In accordance with the patent license agreement, a license maintenance fee of $35,000 due on January 31, 2026 has been paid. The Company is obligated to pay additional license maintenance fees of $50,000 on each of January 31, 2027 and January 31, 2028. The Company shall also pay to UNMRI certain royalties on commercial sublicenses and on gross receipts from sale of commercial reactors, subject to minimum annual royalties of $65,000 from the calendar year 2028 onwards. As of May 31, 2026, $20,685 (November 30, 2025 - $29,436) of license maintenance fees were included in accounts payable and accrued liabilities.

The Company’s policy is to expense costs incurred to renew, extend or maintain the term of a recognized patent license as incurred.

Patent licenses are amortized on a straight-line basis over their estimated useful lives pursuant to contract terms.

The Company’s intangible assets as of May 31, 2026, are as follows:


											Weighted
											Average
					Accumulated						Remaining Life
		Gross Assets			Amortization			Net Assets			(Years)
Patent licenses		$	99,888		$	(3,438)		$	96,450		19.3
Total intangible asset, net		$	99,888		$	(3,438)		$	96,450		19.3

The Company’s intangible assets as of November 30, 2025, are as follows:


											Weighted
											Average
					Accumulated						Remaining Life
		Gross Asset			Amortization			Net Assets			(Years)
Patent licenses		$	67,430		$	(1,515)		$	65,915		19.5
Total intangible asset, net		$	67,430		$	(1,515)		$	65,915		19.5

Aggregate amortization expense was $942 and $1,923 for the three and six months ended May 31, 2026, respectively (for the three and six months ended May 31, 2025, respectively - $Nil). Amortization expense is expected to be approximately $5,000 per year for each of the next five fiscal years.

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	May 31, 2026	Jul. 20, 2026
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	May 31, 2026
Document Transition Report	false
Entity File Number	001-43162
Entity Registrant Name	Eagle Nuclear Energy Corp.
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	41-3113978
Entity Address, Address Line One	5470 Kietzke Lane
Entity Address, Adress Line Two	Suite 300
Entity Address, City or Town	Reno
Entity Address State Or Province	NV
Entity Address, Postal Zip Code	89511
City Area Code	775
Local Phone Number	335-2029
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		29,579,798
Entity Central Index Key	0002089283
Current Fiscal Year End Date	--11-30
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Stock, par value $0.0001 per share
Document and Entity Information
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Trading Symbol	NUCL
Security Exchange Name	NASDAQ
Public Warrants, each warrant exercisable for one share of Common Stock at an exercise price of $11.50 per share
Document and Entity Information
Title of 12(b) Security	Public Warrants, each warrant exercisable for one share of Common Stock at an exercise price of $11.50 per share
Trading Symbol	NUCLW
Security Exchange Name	NASDAQ

- Details

Name:	us-gaap_StatementClassOfStockAxis=nucl_PublicWarrantsEachWarrantExercisableForOneShareOfCommonStockAtExercisePriceOf11.50PerShareMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

REVERSE RECAPITALIZATION - Reconciliation of net contributions from reverse recapitalization (Details) - USD ($)		6 Months Ended
	Feb. 24, 2026	May 31, 2026
Reconciliation of cash assumed on reverse recapitalization
Cash assumed on reverse recapitalization		$ 1,939,457
Eagle Energy \| SVII and Eagle Energy Nuclear Corp
REVERSE RECAPITALIZATION
Cash	$ 4,894,595
Less: transaction costs	(2,916,782)
Proceeds from the reverse recapitalization	1,977,813
Net liabilities assumed by the Company:
Prepaid expenses	24,284
Accounts payable and accrued liabilities	(10,913)
Promissory notes payable	(2,422,133)
Net assets (liabilities)	(2,408,762)
Add: conversion of promissory notes to warrants	2,422,133
Net contributions from reverse recapitalization	1,991,184
Reconciliation of cash assumed on reverse recapitalization
Proceeds from the reverse recapitalization	1,977,813
Add: transaction costs not paid from de-SPAC proceeds	48,689
Less: Cash disbursed for prepaid expenses from de-SPAC proceeds	(87,045)
Cash assumed on reverse recapitalization	$ 1,939,457

WARRANT LIABILITY

6 Months Ended

May 31, 2026

WARRANT LIABILITY

WARRANT LIABILITY

11.WARRANT LIABILITY

On February 24, 2026, in connection with the PIPE financing (Note 12), the Company issued warrants to an accredited investor to purchase an aggregate of 2,500,000 shares of common stock of the Company at an exercise price of $12.00 per share, in addition to 29,700 Series A Cumulative Convertible Preferred Stock. The fair value of warrants upon issuance was $4,174,276.

These warrants are accounted for as derivative liabilities as they contain a put option that may be exercised in the event of a fundamental transaction of the Company, pursuant to ASC 480-10, Distinguishing Liabilities from Equity. As such, the warrants are recognized initially at fair value and subsequently remeasured at fair value through earnings, reported as change in fair value of warrant liability in the unaudited condensed consolidated interim statements of operations.

The warrant liability is classified within Level 3 of the fair value hierarchy, as the valuation technique uses significant unobservable inputs, including expected volatility and, at issuance, a discount for lack of marketability.

The following is a continuity of the Company’s derivative warrant liabilities:


Balance as at November 30, 2025		$	—
Issuance			4,174,276
Change in fair value of warrant liabilities			17,750,724
Balance as at May 31, 2026		$	21,925,000

The entire change in fair value of the warrant liability during the six months ended May 31, 2026 relates to warrants still outstanding as of May 31, 2026, as none of the warrants have been exercised or settled.

The fair value of the warrant liability arising from 2,500,000 warrants issued with the PIPE financing was calculated using the Monte Carlo model, performed by a third-party valuation specialist. The key inputs used in the Monte Carlo model were as follows:


				February 24, 2026
	May 31, 2026			(at issuance)
Share price	$	10.08		$	6.99
Exercise price reset date		September 22, 2026			September 22, 2026
Floor price	$	7.50		$	7.50
Discount for lack of marketability		—			64.1	%
Expected volatility		120	%		100	%
Risk free interest rate		4.04	%		3.55	%
Expected life of warrant		4.74 years			5 years

A Monte Carlo model is utilized due to the existence of an exercise price reset mechanism attached to these warrants, that could be triggered on the twenty-first trading day following the date that is six months after issuance if the 20-day VWAP of the common stock of the Company (“Measurement Price”) is less than the exercise price of $12.00 per share, with the exercise price being reduced to the greater of the Measurement Price and $7.50.

As of May 31, 2026, a discount for lack of marketability for warrant liability valuation has been reduced from 64.1% at issuance to nil, as a resale registration statement became effective on April 24, 2026, making the underlying shares freely tradable. A discount for lack of marketability of 64.1% was selected as of February 24, 2026 to calibrate the valuation model to the transaction price of the PIPE Financing, in line with the AICPA’s Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies guide.

Expected volatility was estimated based on the median observed historical share price volatility of a set of comparable publicly traded exploration stage uranium companies that have similar risk considerations as the Company, due to the Company’s limited trading history.

The fair value of the warrant liability is sensitive to changes in the significant unobservable inputs described above. In general, an increase in expected volatility, or a decrease in discount for lack of marketability, would result in a higher fair value of the warrant liability; while a decrease in expected volatility, or an increase in discount for lack of marketability, would result in a lower fair value. The Company’s expected volatility, in particular, was estimated using a limited set of comparable peer companies given the Company’s limited trading history, and different reasonable judgments about the composition of that peer set could have resulted in a different volatility estimate and a materially different fair value measurement as at May 31, 2026.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 181
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-181

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 182
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-182

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 184
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-184

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 185
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-185

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(5)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4H
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4H

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4H
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4H

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 15
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480960/815-15-50-3

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 183
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-183

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4I
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4I

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4F
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4F

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/815/tableOfContent

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-5C

+ Details

PROFESSIONAL FEES (Details) - USD ($)	3 Months Ended		6 Months Ended
PROFESSIONAL FEES (Details) - USD ($)	May 31, 2026	May 31, 2025	May 31, 2026	May 31, 2025
PROFESSIONAL FEES
Consulting	$ 596,803	$ 377,116	$ 899,203	$ 690,192
Management fees		90,000	102,250	180,000
Legal, accounting and others	682,881	243,424	737,151	343,261
Directors' compensation	731,157		731,157
Total, Professional fees	$ 2,010,841	$ 710,540	$ 2,469,761	$ 1,213,453

RECLAMATION AND ENVIRONMENTAL OBLIGATION (Details) - USD ($)	1 Months Ended	6 Months Ended
	Feb. 28, 2025	May 31, 2026	Nov. 30, 2025
RECLAMATION AND ENVIRONMENTAL OBLIGATION
Restricted cash		$ 140,960	$ 0
Refunds received	$ 19,510
Carrying amount of reclamation and environmental obligation		0
Oregon Energy LLC
RECLAMATION AND ENVIRONMENTAL OBLIGATION
Deposits made		$ 160,470

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

OFFICE AND ADMINISTRATIVE

6 Months Ended

May 31, 2026

OFFICE AND ADMINISTRATIVE

OFFICE AND ADMINISTRATIVE

15.OFFICE AND ADMINISTRATIVE

Details of office and administrative are presented below:


		For the three			For the three			For the six			For the six
		months ended			months ended			months ended			months ended
		May 31, 2026			May 31, 2025			May 31, 2026			May 31, 2025
Administrative expenses		$	75,043		$	59,264		$	173,679		$	89,994
Bank charges			904			1,275			3,424			1,586
Insurance			224,900			—			241,466			—
Marketing			305,360			—			536,476			—
Public company costs			225,282			—			283,640			—
		$	831,489		$	60,539		$	1,238,685		$	91,580

SEGMENT INFORMATION (Tables)

6 Months Ended

May 31, 2026

SEGMENT INFORMATION

Summary of significant expense categories regularly reviewed by the CODM, and reconciliation of condensed consolidated net loss


	For the three		For the three		For the six		For the six
	months ended		months ended		months ended		months ended
	May 31, 2026		May 31, 2025		May 31, 2026		May 31, 2025

Operating expenses
Exploration expense	$	496,419	$	56,678	$	723,920	$	63,983
Office and administrative		831,489		60,539		1,238,685		91,580
Professional fees		2,010,841		710,540		2,469,761		1,213,453
Salaries and wages		3,295,905		—		3,353,846		—
Change in fair value of warrant liability		17,750,724		—		17,750,724		—
Other segment items*		676,569		197,349		996,893		323,085
Net loss	$	(25,061,947)	$	(1,025,106)	$	(26,533,829)	$	(1,692,101)

(*)Other segment items consist of business development, amortization and depreciation, rent expense, investor relations, licensing fee expense, travel and entertainment, interest income, and loss on foreign currency transactions.

- Definition

Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

+ Details

BASIS OF PRESENTATION - Retroactive application of reverse recapitalization (Details) - USD ($)	12 Months Ended
	Nov. 30, 2025	May 31, 2026	May 31, 2025
Basis of consolidation
Common stock, par value per share (in dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001
Eagle Energy
Basis of consolidation
Common stock, par value of Eagle Energy to additional paid-in capital	$ 9,131

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY

6 Months Ended

May 31, 2026

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY

12.STOCKHOLDERS’ EQUITY (DEFICIT) AND MEZZANINE EQUITY

Common stock

The Company has 300,000,000 shares of common stock authorized with a par value of $0.0001 per share. Prior to the de-SPAC transaction (Note 4) on February 24, 2026, the Company, being Eagle Energy at the time, had 350,000,000 shares of common stock authorized with a par value of $0.0001 per share.

As of May 31, 2026 and November 30, 2025, the Company had 29,579,798 and 18,888,289 shares (excluding 2,750,000 shares subject to possible redemption) issued and outstanding, respectively.

Activities during the six months period ended May 31, 2026:

On February 24, 2026, the Company completed its de-SPAC transaction (Note 4), with each share of former nonredeemable Eagle Energy common stock converted to common stock of the Company on a 5.8349:1 basis, representing 18,888,289 shares of common stock. All disclosures in these unaudited condensed consolidated interim financial statements on number of shares have been accordingly converted on the same basis. The former shareholders of SVII received an aggregate of 5,930,033 shares of common stock in the Company as consideration for the de-SPAC transaction. The Company also issued 300,000 shares of common stock in respect of transaction costs. The Company recorded a net contribution from reverse recapitalization of $1,991,184 as a result of the de-SPAC transaction.

On February 24, 2026, upon the completion of the de-SPAC transaction (Note 4), 2,750,000 shares of common stock previously subject to redemption were no longer redeemable and reclassified to permanent equity. The Company reclassified $300,000 from redeemable common stock in mezzanine equity to permanent equity.

On February 24, 2026, the Company also issued 1,710,991 shares of common stock with a fair value of $11,959,827 as consideration for the acquisition of Oregon Energy (Note 5).

On April 27, 2026 and May 1, 2026, the Company issued a total of 200 shares of common stock in connection with warrant exercises, at a price of $11.50 per share for total proceeds of $2,300.

On May 26, 2026, the Company issued 285 shares of common stock to a stockholder to rectify an administrative error related to a prior issuance of common stock. The issuance had no incremental fair value and did not result in any additional consideration being exchanged.

Activities during the six months ended May 31, 2025:

In December 2024, the Company completed a private placement offering of 312,007 common shares of the Company, with a par value of $0.0001 per share, at a price of $3.56 per share for total proceeds of $1,110,529. Additionally, 51,414 bonus shares valued at $183,000, of which $167,750 was recognized as obligation to issue shares as of November 30, 2024, and $15,250 was recognized as professional fees in the unaudited condensed consolidated interim statement of operations for the six months ended May 31, 2025, were issued to a consultant for professional services rendered from January 2024 to December 2024.

In March 2025, the Company completed another private placement offering of 478,871 common shares of the Company, with a par value of $0.0001 per share, at a price of $3.56 per share for total proceeds of $1,704,446.

In April 2025, the Company completed a Regulation Crowdfunding offering (“Reg CF”) pursuant to Section 4(a)(6) of the Securities Act of 1933 and Regulation Crowdfunding thereunder. Through this offering, the Company issued a total of 1,318,287 common shares, with a par value of $0.0001 per share, at a price of $3.56 per share, for gross proceeds of $4,692,172. The shares issued are subject to transfer restrictions under applicable securities laws, including a one-year holding period for Reg CF investors.

In May 2025, the Company issued an additional 77,644 common shares, with a par value of $0.0001 per share, under its Reg CF offering at a price of $3.56 per share, for gross proceeds of $276,364. An amount of $427 remained receivable as of May 31, 2025. Additionally, the Company completed a private placement offering of 65,274 common shares of the Company, with a par value of $0.0001 per share, at a price of $3.56 per share, for gross proceeds of $232,331. The Company also issued 34,276 shares with a deemed fair value of $3.56 per share as non-cash consideration for consulting services to be rendered from May 2025 to November 2025.

For the six months ended May 31, 2025, the Company incurred a total of $577,120 in share issuance costs paid in cash related to its Reg CF offering and private placements. On May 29, 2025, the Company also issued 97,826 common shares with a deemed fair value of $3.56 per share to the agents in its Reg CF offering as compensation, which is included in share issuance costs.

Preferred stock

The Company has 3,500,000 shares of preferred stock authorized with a par value of $0.0001 per share. Prior to the de-SPAC transaction (Note 4) on February 24, 2026, the Company, being Eagle Energy at the time, had 50,000,000 shares of preferred stock authorized with a par value of $0.0001 per share.

As of May 31, 2026 and November 30, 2025, the Company had no preferred stock issued and outstanding, excluding 29,700 shares subject to possible redemption as of May 31, 2026.

Mezzanine equity

Redeemable common stock

In July 2025, the Company issued 2,750,000 common shares, with a par value of $0.0001 per share, to an investor pursuant to a Common Stock Purchase Agreement for total proceeds of $300,000. The shares are subject to automatic redemption if the de-SPAC transaction as contemplated by the BCA (Note 4) does not close. In accordance with the ASC 480-10-S99-3A, Classification and Measurement of Redeemable Securities, redemption provisions not solely within the control of the Company require the security to be classified outside of permanent equity. Immediately upon the closing of the private placement, the Company recognized a charge against additional paid-in capital of $170 for share issuance costs incurred in this private placement. On February 24, 2026, upon the completion of the de-SPAC transaction (Note 4), these common shares are no longer redeemable. The face value of $300,000 is reclassified to permanent equity.

As of May 31, 2026, the amount of redeemable common stock reflected on the unaudited condensed consolidated interim balance sheets is reconciled in the following table:


Redeemable common stock, November 30, 2024	$	—
Gross proceeds		300,000
Less: share issuance costs		(170)
Plus: adjust carrying value to redemption value		170
Redeemable common stock, November 30, 2025		300,000
Less: transfer to permanent equity		(300,000)
Redeemable common stock, May 31, 2026	$	—

Series A Cumulative Convertible Preferred Stock

On February 24, 2026, in connection with the de-SPAC transaction (Note 4), the Company, Eagle Energy, and SVII entered into an Amended and Restated Securities Purchase Agreement (the “PIPE Agreement”) with an accredited investor, pursuant to which the investor agreed to purchase 29,700 shares of Series A Cumulative Convertible Preferred Stock of the Company for an aggregate price of $29,700,000. The Series A Cumulative Convertible Preferred Stock have an initial stated value of $1,000 per share, and are redeemable at the option of the holder beginning February 24, 2031. The Series A Cumulative Convertible Preferred Stock accrues dividends at 12% annually (if paid in kind), or 10% annually (if paid in cash). Dividends are due semi-annually, on June 1 and December 1. The preferred stock carries rights, preferences, and privileges as set forth in its certificate of designation, including the right to convert into common stock of the Company at any time at the holder’s option, at an initial conversion price of $11.88 per share (subject to adjustment). In addition, the investor received warrants to purchase an aggregate of 2,500,000 shares of common stock of the Company at an exercise price of $12.00 per share, which had a grant-date fair value of $4,174,276. The proceeds of the PIPE financing were first allocated to the liability-classified warrants (Note 11), with residual amounts being allocated to the Series A Cumulative Convertible Preferred Stock.

The Series A Cumulative Convertible Preferred Stock is also redeemable at the option of the Company:

●

prior to the first anniversary of issuance, at a redemption price per share equal to 150% of the initial stated value, plus paid in kind dividends, plus accrued but unpaid cash dividends (the “Accrued Value”);

●

on or after the first anniversary of issuance but prior to the second anniversary of the issuance, at a redemption price per share equal to 140% of the Accrued Value;

●

on or after the second anniversary of issuance but prior to the third anniversary of the issuance, at a redemption price per share equal to 130% of the Accrued Value;

●

on or after the third anniversary of issuance but prior to the fourth anniversary of the issuance, at a redemption price per share equal to 120% of the Accrued Value;

●

on or after the fourth anniversary of issuance but prior to the fifth anniversary of the issuance, at a redemption price per share equal to 110% of the Accrued Value; and,

●

on or after the fifth anniversary of issuance, at a redemption price per share equal to 100% of the Accrued Value.

As of May 31, 2026, the amount of redeemable Series A Cumulative Convertible Preferred Stock reflected on the unaudited condensed consolidated interim balance sheets is reconciled in the following table:


Redeemable Series A Cumulative Convertible Preferred Stock, November 30, 2025	$	—
Gross proceeds		29,700,000
Allocation to warrant liability (Note 11)		(4,174,276)
Accretion		204,076
Redeemable Series A Cumulative Convertible Preferred Stock, May 31, 2026	$	25,729,800

Equity incentive plan

Upon the de-SPAC transaction (Note 4), the Company implemented a 2025 Equity Incentive Plan (“EIP”). The Company may grant equity-based awards under the EIP, including options, stock appreciation rights (“SARs”), restricted stock units (“RSUs”), restricted stock awards (“RSAs”) and other stock based awards. The maximum number of shares the Company may issue pursuant to awards granted under the 2025 EIP is 4,437,008 shares, subject to an annual increase, to be added on the first day of each fiscal year, commencing on January 1, 2027 and continuing until, and including, January 1, 2035, equal to the lesser of (i) 5% of the outstanding shares of all classes of Common Stock on such date or (ii) such lesser number of shares of Common Stock as determined by the board of directors. As of May 31, 2026, the remaining unused capacity under the 2025 EIP is 2,957,508 shares. During the three and six months ended May 31, 2026, the Company issued 887,375 and 887,375 stock options, respectively, and 592,125 and 592,125 RSUs, respectively.

Earnout shares

In connection with the de-SPAC transaction (Note 4), the Company has reserved an additional 1,500,000 shares of common stock (“Earnout Share Pool”) in the EIP to be granted to eligible shareholders of the Company. During the Earnout Period, if the Earnout Target is met, or if a change of control transaction occurs during the Earnout Period and the Earnout Target was not already met, the Company will grant 1,500,000 Earnout Shares to the eligible shareholders. The Company evaluated the Earnout Shares under ASC 815-40, Derivatives and Hedging – Contracts in Entity’s Own Equity, and concluded the Earnout Shares meet the definition of an equity instrument, and accordingly will be accounted for as part of additional paid-in capital. No Earnout Share has been issued as of May 31, 2026.

Stock options

Activities during the six months ended May 31, 2026:

On April 15, 2026, the Company granted 750,000 stock options to the Chief Executive Officer (the “CEO”) under the Company’s EIP. The options are exercisable at $10.00 per common share and expire on April 15, 2031. One-third of the options vested immediately on the grant date, with the remaining options vesting in two equal tranches on the first and second anniversaries of the grant date, subject to the recipient’s continued service with the Company.

On May 6, 2026, the Company granted 96,750 stock options to certain officers, employees and consultants under the Company’s EIP. The options are exercisable at $9.15 per common share and expire on May 6, 2031. One-third of the options vested immediately

on the grant date, with the remaining options vesting in two equal tranches on the first and second anniversaries of the grant date, subject to the recipient’s continued service with the Company.

On May 6, 2026, the Company granted 40,625 stock options to certain directors under the Company’s EIP. The options are exercisable at $9.15 per common share and expire on May 6, 2031. One-half of the options vested immediately on the grant date, with the remaining options vesting on the first anniversary of the grant date, subject to the recipient’s continued service with the Company.

Activities during the six months ended May 31, 2025:

No stock options were issued during the six months ended May 31, 2025.

As of May 31, 2026, the continuity of stock options is as follows:


				Weighted Average
		Number of stock options		Exercise price
Balance, November 30, 2025		—		$	—
Granted		887,375			9.87
Balance, May 31, 2026		887,375		$	9.87

As at May 31, 2026, the following stock options were outstanding and exercisable:


				Outstanding Options				Exercisable Options
					Weighted	Weighted			Weighted
					Average	Average			Average	Weighted
	Expiry	Exercise			Remaining	Exercise			Remaining	Average
Grant Date	Date	Price		Number	Life	Price		Number	Life	Exercise Price
		$				$				$
15-Apr-26	15-Apr-31	$	10.00	750,000	4.88 years	$	10.00	250,000	4.88 years	$	10.00
6-May-26	6-May-31	$	9.15	137,375	4.93 years	$	9.15	52,564	4.93 years	$	9.15
				887,375	4.89 years	$	9.87	302,564	4.89 years	$	9.85

As of May 31, 2026, the intrinsic value of outstanding options and exercisable options are $187,759 and $68,885, respectively.

The fair value of the options was determined using the Black-Scholes option pricing model and is recognized as share-based compensation expense over the requisite service period. Based on the below inputs, the Company determined that the stock options had a fair value of $5,783,245 upon issuance during the six months ended May 31, 2026.


Expected volatility		114.01% – 114.36%
Expected term		2.75 years – 3 years
Risk free interest rate		3.90% - 3.99%
Dividend yield		0%

During the three and six months ended May 31, 2026, the Company recognized stock based compensation relating to stock options of $2,308,868 and $2,308,868 (May 31, 2025 - $Nil and $Nil), respectively, identical as all grants were made during the three months ended May 31, 2026. For the six months ended May 31, 2026, the Company recognized stock based compensation expenses of $1,987,317 in salaries and wages; $283,541 in professional fees (Note 14); and $38,010 in business development. Future unrecognized stock-based compensation expense arising from the stock options amount to $3,474,377.

Restricted stock units (“RSUs”)

Activities during the six months ended May 31, 2026:

On April 15, 2026, the Company granted 250,000 RSUs to its CEO under the Company’s EIP. One-third of the RSUs vested on the grant date, with the remainder vesting equally on the first and second anniversaries of the grant date, subject to continued service. The grant date fair value was $9.52 per RSU.

On May 6, 2026, the Company granted 220,250 RSUs to certain officers, employees and consultants under the Company’s EIP. One-third of the RSUs vested on the grant date, with the remainder vesting equally on the first and second anniversaries of the grant date, subject to continued service. The grant date fair value was $9.15 per RSU.

On May 6, 2026, the Company granted 121,875 RSUs to certain directors under the Company’s EIP. One-half of the RSUs vested on the grant date, with the remainder vesting on the first anniversary of the grant date, subject to continued service. The grant date fair value was $9.15 per RSU.

Activities during the six months ended May 31, 2025:

No RSUs were issued during the six months ended May 31, 2025.

As of May 31, 2026, the continuity of RSUs is as follows:


		Number of RSUs
Balance, November 30, 2025		—
Granted		592,125
Balance, May 31, 2026		592,125

As at May 31, 2026, the following RSUs were outstanding and vested:


Number of RSUs outstanding	Grant date	Number of RSUs Vested
250,000	April 15, 2026	83,333
342,125	May 6, 2026	134,356
592,125		217,689

During the three and six months ended May 31, 2026, the Company recognized share-based compensation relating to RSUs of $2,287,304 and $2,287,304 (May 31, 2025 - $Nil and $Nil), respectively, identical as all grants were made during the three months ended May 31, 2026. For the six months ended May 31, 2026, the Company recognized stock based compensation expenses of $1,113,593 in salaries and wages; $1,009,143 in professional fees (Note 14); and $164,568 in business development. Future unrecognized stock-based compensation expense arising from the stock options amount to $3,223,140.

Warrants

As of May 31, 2026, the continuity of share purchase warrants is as follows:


	Number of	Weighted Average		Remaining
	warrants	Exercise price		life (Years)
Balance, November 30, 2025	—	$	—	—
Issued for PIPE financing	2,500,000		12.00	4.74
Issued on reverse recapitalization (Note 4)	20,922,133		11.50	4.74
Exercised	(200)		11.50	—
Adjustment	(17)		11.50	—
Balance, May 31, 2026	23,421,916	$	11.55	4.74

As of May 31, 2026, the following share purchase warrants were outstanding:


Number of warrants outstanding		Exercise price			Expiry date
2,500,000		$	12.00		February 24, 2031
20,921,916		$	11.50		February 24, 2031
23,421,916

As of May 31, 2026, the Company classified 20,921,916 warrants as equity and 2,500,000 warrants as liabilities.

Activities during the six months period ended May 31, 2026:

On February 24, 2026, in connection with its reverse recapitalization (Note 4), the Company issued the following warrants:

●

11,500,000 public warrants to former public shareholders of SVII as replacements for the former SVII public warrants. Each whole warrant entitles the holder to purchase one common stock at an exercise price of $11.50;

●

7,000,000 warrants to the SVII Sponsor for replacement of the former SVII private warrants. Each whole warrant entitles the holder to purchase one common stock at an exercise price of $11.50; and

●

2,422,133 warrants to the SVII Sponsor in exchange for settlement of $2,422,133 of loans owed by SVII to the SVII Sponsor, at $1.00 per share. Each whole warrant entitles the holder to purchase one common stock at an exercise price of $11.50.

The issuance of 2,422,133 warrants in settlement of loans owed by SVII to the SVII Sponsor has been accounted for as a capital transaction with a shareholder of the Company, in connection with the reverse recapitalization.

On February 24, 2026, in connection with the PIPE financing, the Company issued warrants to an accredited investor to purchase an aggregate of 2,500,000 shares of New Eagle common stock at an exercise price of $12.00 per share. These warrants are classified as liabilities, and had a fair value of $4,174,276 at issuance (Note 11).

On April 27, 2026 and May 1, 2026, public warrants holders exercised an aggregate of 200 warrants for common shares of the Company.

During the six months ended May 31, 2026, the Company cancelled 17 public warrants as a result of fractional breakage from conversion from former SVII units upon the reverse recapitalization.

Diluted loss per share

The Company has the following anti-dilutive securities as of May 31, 2026 and 2025:


		May 31, 2026		May 31, 2025
Warrants		23,421,916		—
Stock options		887,375		—
RSUs		592,125		—
Earnout shares		1,500,000		—
Series A Cumulative Convertible Preferred Stock		2,500,000		—
		28,901,416		—

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 20
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479951/505-20-S50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 20
-Name Accounting Standards Codification
-Section S25
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479982/505-20-S25-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480070/505-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480100/505-10-S45-3

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480100/505-10-S45-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 20
-Name Accounting Standards Codification
-Section S50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479951/505-20-S50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 20
-Name Accounting Standards Codification
-Section S25
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479982/505-20-S25-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 4
-Subparagraph (SAB Topic 4.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-4

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481520/505-30-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 1.D.2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479921/505-20-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 20
-Name Accounting Standards Codification
-Section S50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479951/505-20-S50-3

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 855
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 1.B.3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480148/855-10-S99-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 20
-Name Accounting Standards Codification
-Section S25
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479982/505-20-S25-3

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/505/tableOfContent

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480657/210-10-S50-11

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-5

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-6

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-6

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-16

+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

May 31, 2026

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of estimated useful lives

● Buildings	20 years
● Furniture and equipment	5 years
● Moveable equipment	4 years
● Other equipment	5 years

REVERSE RECAPITALIZATION

6 Months Ended

May 31, 2026

REVERSE RECAPITALIZATION

REVERSE RECAPITALIZATION

4.REVERSE RECAPITALIZATION

On July 30, 2025, and as amended on September 29, 2025, Eagle Energy, SVII, and the Company entered into the BCA. Pursuant to the BCA, on February 24, 2026, the Company, Eagle Energy, and SVII completed a business combination through which each of Eagle Energy and SVII amalgamated with a wholly owned subsidiary of the Company domiciled in Nevada and the Cayman Islands, respectively, with Eagle Energy and SVII surviving the amalgamations.

Under the BCA, former shareholders of nonredeemable common stock of Eagle Energy received 18,888,289 shares of common stock in the Company, representing a consolidation on a 5.8349:1 basis. The former shareholder of redeemable common stock of Eagle Energy received 2,750,000 shares of common stock in the Company, representing a consolidation on a 5.8:1 basis. Reported shares of common stock, weighted average number of shares outstanding, and loss per share available to the Company’s common stock, prior to the de-SPAC transaction, have been retroactively restated to reflect the exchange ratio established in the BCA. Amounts in common stock and additional paid-in capital were recast for reallocation, in order to reflect the par value of shares post-consolidation.

Concurrently, former shareholders of SVII received 3,630,051 shares of common stock in the Company, representing a one-for-one exchange of Class A and Class B ordinary shares of SVII. The Company also issued 2,299,982 shares of common stock to holders of 23,000,000 rights of SVII, which were converted into shares of SVII on a 10:1 basis upon the consummation of a business combination by SVII. A total of 5,930,033 shares of common stock are retained by former shareholders of SVII.

Upon completion of the de-SPAC transaction, the Company also issued 300,000 shares of common stock to a service provider in consideration for transaction costs associated with the de-SPAC transaction, and was included in additional paid-in capital of the Company.

Concurrently with the completion of the de-SPAC transaction, the Company also issued 29,700 shares of Series A Cumulative Convertible Preferred Stock, which are initially convertible into common stock on a 1-to-84.18 basis, and 2,500,000 PIPE warrants, and received $29,700,000 from a PIPE financing (Note 12).

Concurrently with the completion of the de-SPAC transaction, the Company also issued 1,710,991 shares of common stock to Aurora Energy Metals Ltd. (“Aurora Energy”) for the acquisition of Oregon Energy (Note 5).

Upon completion of the de-SPAC transaction, the Company also assumed 18,500,000 warrants of SVII (Note 12). The Company also issued 2,422,133 warrants (Note 12) to the sponsor of SVII (the “SVII Sponsor”) in exchange for settlement of $2,422,133 of loans owed by SVII to the SVII Sponsor, at $1.00 per warrant, which has been accounted for as a capital transaction with a shareholder of the Company.

In addition, in accordance with the BCA, certain former shareholders of Eagle Energy will have the contingent right to receive, in aggregate, 1,500,000 shares of common stock (the “Earnout Shares”), if at any time before February 24, 2031 (the “Earnout Period”), the VWAP (as defined in the BCA) of the shares of common stock of the Company equals or exceeds $16.00 for any 20 trading days within a period of 30 consecutive trading days (the “Earnout Target”), or if a change of control transaction occurs during the Earnout Period, and the Earnout Target was not already met. The Company evaluated the Earnout Shares under ASC 815-40, Derivatives and Hedging – Contracts in Entity’s Own Equity, and concluded the Earnout Shares meet the definition of an equity instrument, and accordingly will be accounted for as part of additional paid-in capital.

Immediately following the completion of the de-SPAC transaction, the former holders of Eagle Energy shares had a 67.45% ownership interest of the Company, inclusive of conversion impact of the Series A Cumulative Convertible Preferred Stock. As a result of the de-SPAC transaction, the former shareholders of Eagle Energy acquired control of the Company, thereby constituting a reverse recapitalization.

The de-SPAC transaction was accounted for as a capital transaction of Eagle Energy and equivalent to the issuance of shares by Eagle Energy for the net assets of SVII and the Company, accompanied by a recapitalization, as SVII did not qualify as a business according to the definition of ASC 805, and met the definition of a non-operating public shell. The Company was determined to be a vehicle through which the reverse recapitalization is effected. As a result, the transaction has been accounted for as a reverse recapitalization with Eagle Energy being identified as the acquirer, and SVII and the Company being treated as the accounting acquiree. Eagle Energy is the continuing entity.

Immediately following the de-SPAC transaction, the board of directors of the Company consisted of five members, four of whom were designated by Eagle Energy and one designated by SVII. In addition, the senior management of Eagle Energy became the senior management of the Company.

The following summarizes the common stock outstanding immediately following the de-SPAC transaction, on February 24, 2026:


		Number of shares		%
SVII Public Shareholders⁽¹⁾		1,101,717		3.44	%
SVII Rights Conversion		2,299,982		7.17	%
SVII Founders⁽²⁾		2,528,334		7.88	%
Total SVII		5,930,033		18.49	%
Eagle Energy Shareholders		21,638,289		67.45	%
Aurora Energy		1,710,991		5.33	%
Shares Issued for Transaction Costs		300,000		0.94	%
Total Common Stock at Closing		29,579,313		92.21	%
Series A Cumulative Convertible Preferred Stock, As Converted		2,500,000		7.79	%
Total Shares		32,079,313		100.00	%

(1)

Includes 691,666 shares of common stock transferred by SVII Sponsor to certain SVII Public Shareholders in accordance with a non-redemption agreement among the parties.

(2)

Includes SVII Sponsor and former independent directors of SVII. Excludes 691,666 shares of common stock transferred in accordance with a non-redemption agreement.

A reconciliation of net contributions from reverse recapitalization is as follows:


Cash	$	4,894,595
Less: transaction costs		(2,916,782)
Proceeds from the reverse recapitalization	$	1,977,813

Net liabilities assumed by the Company:
Prepaid expenses	$	24,284
Accounts payable and accrued liabilities		(10,913)
Promissory notes payable		(2,422,133)
Net assets (liabilities)	$	(2,408,762)

Add: conversion of promissory notes to warrants	$	2,422,133
Net contributions from reverse recapitalization	$	1,991,184

A reconciliation of cash assumed on reverse recapitalization is as follows:


Proceeds from the reverse recapitalization	$	1,977,813
Add: transaction costs not paid from de-SPAC proceeds		48,689
Less: Cash disbursed for prepaid expenses from de-SPAC proceeds		(87,045)
Cash assumed on reverse recapitalization	$	1,939,457

Lock-up agreement

In connection with the de-SPAC transaction, SVII Sponsor and certain other shareholders of the Company entered into a lock-up agreement, and agreed to certain transfer and lock-up restrictions of the Company’s common stock, which would terminate 180 days after February 24, 2026, subject to certain exclusions, such as in the event of a liquidation, merger, stock exchange, or other similar transaction that results in all of the Company’s stockholders having the right to exchange their equity for cash, securities or other property.

Registration rights agreement

In connection with the de-SPAC transaction, on February 24, 2026, the Company, SVII Sponsor, and certain stockholders of the Company entered into an Amended and Restated Registration Rights Agreement, pursuant to which, among other things, those stockholders will be granted customary registration rights with respect to the securities of the Company that they hold.

Indemnification agreements

In connection with the de-SPAC transaction, on February 24, 2026, the Company entered into indemnification agreements with each of its directors and executive officers. Each indemnification agreement provides for indemnification and advancements by the Company of certain expenses, including attorney’s fees, judgments, fines, and settlement amounts incurred by a director or executive officer in any action or proceeding arising out of their services as one of the Company’s directors or executive officers or as a director or executive officer of any other company or enterprise to which the person provides services at the Company’s request.

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY - Series A Cumulative Convertible Preferred Stock (Details) - USD ($)	Feb. 24, 2026	May 31, 2026
Derivative warrants
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Number of warrants issuable (in shares)	2,500,000
Exercise price of warrants (in dollars per share)	$ 12	$ 12
Grant-date fair value	$ 4,174,276
PIPE agreement \| Derivative warrants
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Number of warrants issuable (in shares)	2,500,000
Exercise price of warrants (in dollars per share)	$ 12
Series A cumulative preferred stock, redeemable
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Issuance of preferred stock	29,700
Temporary equity, redemption price (in dollars per share)		$ 1,000
Series A cumulative preferred stock, redeemable \| PIPE agreement
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Issuance of preferred stock	29,700
Aggregate purchase price	$ 29,700,000
Temporary equity, redemption price (in dollars per share)	$ 1,000
Dividend rate, if paid in kind (as a percent)	12.00%
Dividend rate, if paid in cash (as a percent)	10.00%
Conversion price (in dollars per share)	$ 11.88
Series A cumulative preferred stock, redeemable \| PIPE agreement \| Derivative warrants
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Number of warrants issuable (in shares)	2,500,000
Exercise price of warrants (in dollars per share)	$ 12
Series A cumulative preferred stock, redeemable \| PIPE agreement \| Prior to the first anniversary of issuance
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Redemption price, percentage	150.00%
Series A cumulative preferred stock, redeemable \| PIPE agreement \| On or after the first anniversary but prior to the second anniversary
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Redemption price, percentage	140.00%
Series A cumulative preferred stock, redeemable \| PIPE agreement \| On or after the second anniversary but prior to the third anniversary
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Redemption price, percentage	130.00%
Series A cumulative preferred stock, redeemable \| PIPE agreement \| On or after the third anniversary but prior to the fourth anniversary
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Redemption price, percentage	120.00%
Series A cumulative preferred stock, redeemable \| PIPE agreement \| On or after the fourth anniversary but prior to the fifth anniversary
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Redemption price, percentage	110.00%
Series A cumulative preferred stock, redeemable \| PIPE agreement \| On or after the fifth anniversary
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Redemption price, percentage	100.00%

OFFICE AND ADMINISTRATIVE (Details) - USD ($)	3 Months Ended		6 Months Ended
OFFICE AND ADMINISTRATIVE (Details) - USD ($)	May 31, 2026	May 31, 2025	May 31, 2026	May 31, 2025
OFFICE AND ADMINISTRATIVE
Administrative expenses	$ 75,043	$ 59,264	$ 173,679	$ 89,994
Bank charges	904	1,275	3,424	1,586
Insurance	224,900		241,466
Marketing	305,360		536,476
Public company costs	225,282		283,640
Office and administrative	$ 831,489	$ 60,539	$ 1,238,685	$ 91,580

SEGMENT INFORMATION - Narratives (Details)	6 Months Ended
SEGMENT INFORMATION - Narratives (Details)	May 31, 2026 USD ($) segment	Nov. 30, 2025 USD ($)
SEGMENT INFORMATION
Number of operating segments \| segment	1
Number of reportable segments \| segment	1
Assets \| $	$ 43,089,741	$ 2,887,962
Single reportable segment
SEGMENT INFORMATION
Assets \| $	$ 43,089,741	$ 2,887,962

- Definition

Amount of asset recognized for present right to economic benefit.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480070/505-10-S50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477657/942-210-S45-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478478/942-210-S50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-5A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478671/942-235-S50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 64
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481620/480-10-55-64

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

Reference 18: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-11

Reference 19: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 20: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (bb)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-3

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 25
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-25

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 27: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 28: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 29: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 35: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(12))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(8))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 41: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481404/852-10-50-7

+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 25
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 25
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (j)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

+ Details

INTANGIBLE ASSET (Details) - USD ($)		3 Months Ended	6 Months Ended
INTANGIBLE ASSET (Details) - USD ($)	Jun. 20, 2025	May 31, 2026	May 31, 2026	Jan. 31, 2028	Jan. 31, 2027	Jan. 31, 2026	Nov. 30, 2025
INTANGIBLE ASSETS
Gross Assets		$ 99,888	$ 99,888				$ 67,430
Accumulated Amortization		(3,438)	(3,438)				(1,515)
Net Assets		$ 96,450	$ 96,450				$ 65,915
Weighted Average Remaining Life (Years)		19 years 3 months 18 days	19 years 3 months 18 days				19 years 6 months
Aggregate amortization expense		$ 942	$ 1,923
Expected amortization expense, year 1		5,000	5,000
Expected amortization expense, year 2		5,000	5,000
Expected amortization expense, year 3		5,000	5,000
Expected amortization expense, year 4		5,000	5,000
Expected amortization expense, year 5		5,000	5,000
Patent licenses
INTANGIBLE ASSETS
Gross Assets		99,888	99,888				$ 67,430
Accumulated Amortization		(3,438)	(3,438)				(1,515)
Net Assets		$ 96,450	$ 96,450				$ 65,915
Weighted Average Remaining Life (Years)		19 years 3 months 18 days	19 years 3 months 18 days				19 years 6 months
Patent licenses \| Patent License Agreement
INTANGIBLE ASSETS
Agreement Term	10 years
License fee paid	$ 50,000
Patent expense reimbursement	$ 17,430
License maintenance fee, year 1						$ 35,000
Annual license maintenance fee, years 2-3				$ 50,000	$ 50,000
Minimum annual royalties, years 4-10		$ 65,000	$ 65,000
Amount of patent license maintenance fees		$ 20,685	$ 20,685				$ 29,436

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY - Equity incentive plan and Earnout shares (Details) - shares	3 Months Ended	6 Months Ended
	May 31, 2026	May 31, 2026	Feb. 24, 2026
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Number of shares authorized			4,437,008
Maximum percentage of outstanding shares			5.00%
Maximum number of shares available for grant (in shares)	2,957,508	2,957,508
Options issued (in shares)	887,375	887,375
Earnout shares issued		0
Additional number of shares			1,500,000
Number of shares that will be granted to the eligible shareholders			1,500,000
Restricted Stock Units
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Maximum number of shares available for grant (in shares)			183,333
RSUs issued (in shares)	592,125	592,125

MINERAL RIGHTS - Roll Forward (Details) - USD ($)	6 Months Ended	12 Months Ended
MINERAL RIGHTS - Roll Forward (Details) - USD ($)	May 31, 2026	Nov. 30, 2025
MINERAL RIGHTS
Beginning balance	$ 1,201,390
Ending balance	12,755,725	$ 1,201,390
Aurora Uranium Project
MINERAL RIGHTS
Beginning balance	1,201,390
Property option payment		1,000,000
Issuance common stock (Note 5)	11,536,180
Reimbursement of mining operations expenditures	18,155	201,390
Ending balance	12,755,725	$ 1,201,390
Aggregate maximum resource payment	$ 10,000,000

OPERATING LEASES (Details) - USD ($)	6 Months Ended
OPERATING LEASES (Details) - USD ($)	May 31, 2026	Nov. 30, 2025	Nov. 03, 2025	Oct. 16, 2025
Lease cost:
Operating lease cost	$ 93,581
Short term lease cost	60,017
Net lease cost	153,598
Cash paid for operating lease liabilities	(69,933)
Lease balance sheet information:
Current portion of operating lease liabilities	140,075	$ 33,155
Long-term portion of operating lease liabilities	589,935	55,086
Total lease liability	$ 730,010	$ 88,241
Office Lease, New York, NY
OPERATING LEASE
Lease term				5 years 2 months
Office Lease, Vancouver, Canada
OPERATING LEASE
Lease term			2 years
Discount rate			10.00%

CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS - USD ($)

May 31, 2026

Nov. 30, 2025

Current assets

Cash

$ 28,091,090

$ 1,301,928

Prepaid expenses

898,822

162,897

Total current assets

28,989,912

1,464,825

Restricted cash

190,960

Deposits

71,506

Property, plant and equipment

283,877

Intangible asset, net

96,450

65,915

Mineral rights

12,755,725

1,201,390

Right of use asset - operating lease, net

701,311

84,326

Total assets

43,089,741

2,887,962

Current liabilities

Accounts payable and accrued liabilities

783,866

530,339

Due to related parties

120,130

280,025

Dividends payable

781,151

Lease liabilities - current

140,075

33,155

Total current liabilities

1,825,222

843,519

Warrant liability

21,925,000

Lease liabilities - non-current

589,935

55,086

Total liabilities

24,340,157

898,605

Commitments and contingencies (Note 16)

Mezzanine equity

Redeemable stock

300,000

Stockholders' equity (deficit)

Common stock, $0.0001 par value, 300,000,000 shares authorized; 29,579,798 shares issued and outstanding as of May 31, 2026 ($0.0001 par value, 350,000,000 shares authorized; 18,888,289 shares, excluding 2,750,000 shares subject to possible redemption as of November 30, 2025)

^[1]

2,958

1,889

Preferred stock, $0.0001 par value, 3,500,000 shares authorized; none issued and outstanding, excluding 29,700 shares subject to possible redemption as of May 31, 2026 ($0.0001 par value, 50,000,000 shares authorized; none as of November 30, 2025)

Additional paid-in capital

^[1]

26,612,495

7,968,157

Accumulated deficit

(33,595,669)

(6,280,689)

Total stockholders' equity (deficit)

(6,980,216)

1,689,357

Total liabilities, mezzanine equity and stockholders' equity (deficit)

43,089,741

2,887,962

Common stock, subject to possible redemption

Mezzanine equity

Redeemable stock

^[1]

$ 300,000

Series A cumulative preferred stock, redeemable

Mezzanine equity

Redeemable stock

$ 25,729,800

[1]	The shares of the Company’s common stock, prior to the de-SPAC (as defined in Note 1) have been retroactively restated to reflect the exchange ratio of approximately 5.8349:1 established in the de-SPAC, as described in Note 4.

WARRANT LIABILITY - Additional information (Details)		6 Months Ended
WARRANT LIABILITY - Additional information (Details)	Feb. 24, 2026 USD ($) $ / shares shares	May 31, 2026 USD ($) $ / shares
Derivative warrants
WARRANT LIABILITY
Number of warrants issuable (in shares) \| shares	2,500,000
Exercise price of warrants (in dollars per share) \| $ / shares	$ 12	$ 12
Fair value of warrants upon issuance \| $	$ 4,174,276
Warrants exercised \| $		$ 0
Warrants settled \| $		$ 0
Trigger period		6 months
Threshold trading days		20 days
Derivative warrants \| Exercise price
WARRANT LIABILITY
Derivative liability \| $ / shares		12
Derivative warrants \| Floor price
WARRANT LIABILITY
Derivative liability \| $ / shares		7.5
Derivative warrants \| Discount for lack of marketability
WARRANT LIABILITY
Derivative liability	0.641	0
PIPE agreement \| Derivative warrants
WARRANT LIABILITY
Number of warrants issuable (in shares) \| shares	2,500,000
Exercise price of warrants (in dollars per share) \| $ / shares	$ 12
Fair value of warrants upon issuance \| $	$ 4,174,276
Series A cumulative preferred stock, redeemable
WARRANT LIABILITY
Issuance of preferred stock \| shares	29,700
Series A cumulative preferred stock, redeemable \| PIPE agreement
WARRANT LIABILITY
Issuance of preferred stock \| shares	29,700
Series A cumulative preferred stock, redeemable \| PIPE agreement \| Derivative warrants
WARRANT LIABILITY
Number of warrants issuable (in shares) \| shares	2,500,000
Exercise price of warrants (in dollars per share) \| $ / shares	$ 12

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY - Stock Option Continuity (Details) - $ / shares	3 Months Ended	6 Months Ended
	May 31, 2026	May 31, 2026
Stock options outstanding roll forward
Options issued (in shares)	887,375	887,375
Number of stock options, ending	887,375	887,375
Weighted average exercise price roll forward
Weighted average exercise price, granted		$ 9.87
Weighted average exercise price, ending	$ 9.87	$ 9.87

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS - USD ($)

3 Months Ended

6 Months Ended

May 31, 2026

May 31, 2025

May 31, 2026

May 31, 2025

Operating expenses

Business development

$ 267,827

$ 348,277

Amortization and depreciation

5,602

8,026

Exploration expense

496,419

$ 56,678

723,920

$ 63,983

Office and administrative

831,489

60,539

1,238,685

91,580

Professional fees

2,010,841

710,540

2,469,761

1,213,453

Rent expense

80,856

22,483

153,598

48,943

Investor relations

69,390

159,211

Salaries and wages

3,295,905

3,353,846

Licensing fee expense

12,603

26,249

Travel and entertainment

236,509

170,706

287,971

269,552

Total operating expenses

(7,307,441)

(1,020,946)

(8,769,544)

(1,687,511)

Other income (expense)

Change in fair value of warrant liability

(17,750,724)

Interest income

Loss on foreign currency transactions

(3,813)

(4,160)

(13,592)

(4,590)

Total other expense

(17,754,506)

(4,160)

(17,764,285)

(4,590)

Net loss

(25,061,947)

(1,025,106)

(26,533,829)

(1,692,101)

Preferred stock dividends

(748,603)

(781,151)

Net loss attributable to common stockholders, basic

(25,810,550)

(1,025,106)

(27,314,980)

(1,692,101)

Net loss attributable to common stockholders, diluted

$ (25,810,550)

$ (1,025,106)

$ (27,314,980)

$ (1,692,101)

Weighted average number of shares outstanding, common stock - Basic (in shares)

^[1]

29,657,841

17,717,143

24,567,206

17,252,802

Weighted average number of shares outstanding, common stock - Diluted (in shares)

^[1]

29,657,841

17,717,143

24,567,206

17,252,802

Loss per share, common stock - Basic (in dollars per share)

^[1]

$ (0.87)

$ (0.06)

$ (1.11)

$ (0.1)

Loss per share, common stock - Diluted (in dollars per share)

^[1]

$ (0.87)

$ (0.06)

$ (1.11)

$ (0.1)

[1]	The shares of the Company’s common stock, prior to the de-SPAC (as defined in Note 1) have been retroactively restated to reflect the exchange ratio of approximately 5.8349:1 established in the de-SPAC, as described in Note 4.

PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

May 31, 2026

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

7.PROPERTY, PLANT AND EQUIPMENT

Property, plant, and equipment consist of the following:


		May 31,			November 30,
		2026			2025
Land		$	151,172		$	—
Buildings			80,593			—
Furniture and equipment			49,457			—
Moveable equipment			1,253			—
Other equipment			7,504			—
			289,979			—

Accumulated depreciation			(6,102)			—
Net book value		$	283,877		$	—

Depreciation expense for the three and six months ended May 31, 2026, was $4,619 and $6,102, respectively.

Depreciation expense for the three and six months ended May 31, 2025, was $Nil and $Nil, respectively.

- Definition

The entire disclosure for property, plant, and equipment. Includes, but is not limited to, land and land improvement; building; machinery and equipment; furniture and fixture; and work of art, historical treasure, or similar asset classified as collection.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/360/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482130/360-10-45-13

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.CC)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480091/360-10-S99-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-7

+ Details

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY - Continuity of RSUs (Details) - Restricted Stock Units - shares	3 Months Ended	6 Months Ended
	May 31, 2026	May 31, 2026
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted (in shares)	592,125	592,125
Ending balance (in shares)	592,125	592,125

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY - Anti-dilutive securities (Details)	6 Months Ended
	May 31, 2026 shares
Anti-dilutive securities
Anti-dilutive securities	28,901,416
Warrants
Anti-dilutive securities
Anti-dilutive securities	23,421,916
Stock options
Anti-dilutive securities
Anti-dilutive securities	887,375
Restricted Stock Units
Anti-dilutive securities
Anti-dilutive securities	592,125
Earnout shares
Anti-dilutive securities
Anti-dilutive securities	1,500,000
Series A Cumulative Convertible Preferred Stock
Anti-dilutive securities
Anti-dilutive securities	2,500,000

ACQUISITION OF OREGON ENERGY

6 Months Ended

May 31, 2026

ACQUISITION OF OREGON ENERGY

ACQUISITION OF OREGON ENERGY

5.ACQUISITION OF OREGON ENERGY

Concurrently with the de-SPAC transaction (Note 4), the Company, through its subsidiary Eagle Energy, completed the acquisition of Oregon Energy from Aurora Energy, pursuant to the terms of a property option agreement (the “Aurora Option Agreement”) with Aurora Energy originally entered into on November 18, 2024, as amended on November 26, 2025 and February 24, 2026. As consideration for the acquisition, the Company issued 1,710,991 shares of its common stock to Aurora Energy at a fair value of $6.99 per share, resulting in total share consideration of $11,959,827. The Company also made cash payments totaling $1,219,545 to Aurora Energy pursuant to the terms of the Aurora Option Agreement prior to closing, which were previously capitalized as mineral rights (Note 9). Upon completion, the Company acquired 100% membership interest in Oregon Energy.

Under the terms of the Aurora Option Agreement, Aurora Energy retained a 1.0% net smelter return (“NSR”) royalty on the mineral rights, which constitutes a perpetual interest in the underlying assets. Certain contingent and deferred consideration obligations (including resource-based and pre-feasibility milestone payments) remain outstanding and will be recognized when probable.

The acquisition was accounted for as an asset acquisition under ASC 805, as Oregon Energy did not qualify as a business according to the definition of ASC 805. The purchase price was allocated to the identifiable assets acquired and liabilities assumed based on their estimated fair value as of the acquisition date. The Company utilized a market approach, based on observed and implied valuation multiples of public companies, to assess the components of its purchase price allocation. The allocation of the purchase price is summarized below:


Number of common shares issued for acquisition of Oregon Energy		1,710,991
Fair value per share	$	6.99
Share consideration	$	11,959,827
Cash consideration from prior option payments (Note 9)		1,219,545
Total consideration	$	13,179,372

Net assets assumed by the Company:
Cash	$	302
Prepaids and deposits		42,604
Restricted cash		140,960
Property, plant and equipment		242,012
Accounts payable and accrued liabilities		(2,231)
Mineral rights		12,755,725
Net assets (liabilities)	$	13,179,372

The acquisition also included contingent considerations payable upon the achievement of certain post-closing milestones related to future measured and/or indicated mineral resources and the completion of a positive pre-feasibility study (Note 9). Such contingent considerations were not included in the purchase consideration recognized on the closing date of the asset acquisition, as the related milestones are dependent on future events with uncertain outcomes and were not considered probable as of the closing date.

PROFESSIONAL FEES

6 Months Ended

May 31, 2026

PROFESSIONAL FEES

PROFESSIONAL FEES

14.PROFESSIONAL FEES

Details of professional fees are presented below:


	For the three		For the three		For the six		For the six
	months ended		months ended		months ended		months ended
	May 31, 2026		May 31, 2025		May 31, 2026		May 31, 2025
Consulting	$	596,803	$	377,116	$	899,203	$	690,192
Management fees		—		90,000		102,250		180,000
Legal, accounting and others		682,881		243,424		737,151		343,261
Directors’ compensation		731,157		—		731,157		—
	$	2,010,841	$	710,540	$	2,469,761	$	1,213,453

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY - Activities during the year (Details)						1 Months Ended				3 Months Ended		6 Months Ended		7 Months Ended	12 Months Ended
	May 26, 2026 shares	May 01, 2026 USD ($) $ / shares shares	Apr. 27, 2026 USD ($) $ / shares shares	Feb. 24, 2026 USD ($) $ / shares shares	May 29, 2025 $ / shares shares	May 31, 2025 USD ($) $ / shares shares	Apr. 30, 2025 USD ($) $ / shares shares	Mar. 31, 2025 USD ($) $ / shares shares	Dec. 31, 2024 USD ($) $ / shares shares	May 31, 2026 $ / shares	May 31, 2025 USD ($) $ / shares	May 31, 2026 USD ($) $ / shares	May 31, 2025 USD ($) $ / shares	Nov. 30, 2025 $ / shares shares	Nov. 30, 2025 $ / shares	Nov. 30, 2024 USD ($) shares	Jul. 31, 2025 $ / shares
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Exchange ratio for nonredeemable common stock										5.8349	5.8349	5.8349	5.8349		5.8349
Conversion of redeemable common stock												$ 300,000
Shares issued for warrant exercises \| shares		200	200
Common stock, par value per share (in dollars per share) \| $ / shares						$ 0.0001				$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Common stock issuance price \| $ / shares		$ 11.5	$ 11.5
Proceeds from exercise of warrants		$ 2,300	$ 2,300									$ 2,300
Correction of share issuance \| shares	285
Deemed fair value \| $ / shares					$ 3.56
Stock issuance costs													$ 577,120
Common stock shares to consultants \| shares																51,414
Value of common stock shares to consultants											$ 122,000		$ 137,250			$ 183,000
Obligation to issue shares																$ 167,750
Shares issued for stock issuance costs \| shares					97,826
Private placement offering
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Common stock issued \| shares						65,274		478,871	312,007
Common stock, par value per share (in dollars per share) \| $ / shares						$ 0.0001		$ 0.0001	$ 0.0001		$ 0.0001		$ 0.0001
Common stock issuance price \| $ / shares						$ 3.56		$ 3.56	$ 3.56		3.56		$ 3.56
Proceeds from exercise of warrants						$ 232,331		$ 1,704,446
Deemed fair value \| $ / shares														$ 3.56	$ 3.56
Proceeds from issuance of common stock									$ 1,110,529
Common stock shares to consultants \| shares														34,276
Professional fee expense paid through shares													$ 15,250
Regulation crowd funding offering
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Common stock issued \| shares						77,644	1,318,287
Common stock, par value per share (in dollars per share) \| $ / shares						$ 0.0001	$ 0.0001				0.0001		$ 0.0001
Common stock issuance price \| $ / shares						$ 3.56	$ 3.56				$ 3.56		$ 3.56
Proceeds from exercise of warrants						$ 276,364	$ 4,692,172
Threshold restriction period for transfer							1 year
Stock subscriptions receivable						$ 427					$ 427		$ 427
Common stock, subject to possible redemption
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Conversion of redeemable common stock (in shares) \| shares				2,750,000
Conversion of redeemable common stock				$ 300,000
Common stock, par value per share (in dollars per share) \| $ / shares																	$ 0.0001
Oregon Energy LLC
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Number of common shares issued for acquisition of Oregon Energy \| shares				1,710,991
Share consideration				$ 11,959,827
Common stock issuance price \| $ / shares				$ 6.99
Eagle Energy
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Exchange ratio for nonredeemable common stock				5.8349
Number of shares exchanged for nonredeemable common stock \| shares				18,888,289
Common stock, par value per share (in dollars per share) \| $ / shares				$ 0.0001
Eagle Energy \| SVII and Eagle Energy Nuclear Corp
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Number of shares issued for transaction costs \| shares				300,000
Net contributions from reverse recapitalization				$ 1,991,184
Eagle Energy \| SVII
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Number of shares issued in a reverse recapitalization transaction \| shares				5,930,033

WARRANT LIABILITY (Tables)

6 Months Ended

May 31, 2026

WARRANT LIABILITY

Schedule of derivative warrant liabilities


Balance as at November 30, 2025		$	—
Issuance			4,174,276
Change in fair value of warrant liabilities			17,750,724
Balance as at May 31, 2026		$	21,925,000

Schedule of of fair value


				February 24, 2026
	May 31, 2026			(at issuance)
Share price	$	10.08		$	6.99
Exercise price reset date		September 22, 2026			September 22, 2026
Floor price	$	7.50		$	7.50
Discount for lack of marketability		—			64.1	%
Expected volatility		120	%		100	%
Risk free interest rate		4.04	%		3.55	%
Expected life of warrant		4.74 years			5 years

PROPERTY, PLANT AND EQUIPMENT (Tables)

6 Months Ended

May 31, 2026

PROPERTY, PLANT AND EQUIPMENT

Schedule of property, plant, and equipment


		May 31,			November 30,
		2026			2025
Land		$	151,172		$	—
Buildings			80,593			—
Furniture and equipment			49,457			—
Moveable equipment			1,253			—
Other equipment			7,504			—
			289,979			—

Accumulated depreciation			(6,102)			—
Net book value		$	283,877		$	—

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY - RSUs outstanding and vested (Details) - Restricted Stock Units	6 Months Ended
	May 31, 2026 shares
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Number of RSUs outstanding	592,125
Number of RSUs Vested	217,689
Chief Executive Officer
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Number of RSUs outstanding	250,000
Number of RSUs Vested	83,333
STOCKHOLDERS' EQUITY AND MEZZANINE EQUITY
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Number of RSUs outstanding	342,125
Number of RSUs Vested	134,356

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY - Common stock (Details) - $ / shares	May 31, 2026	Feb. 24, 2026	Nov. 30, 2025	Jul. 31, 2025	May 31, 2025
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Common stock, shares authorized	300,000,000		350,000,000
Common stock, par value (in dollars per share)	$ 0.0001		$ 0.0001		$ 0.0001
Common stock, shares issued	29,579,798		18,888,289
Common stock, shares outstanding	29,579,798	29,579,313	18,888,289
Eagle Energy
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Common stock, shares authorized		350,000,000
Common stock, par value (in dollars per share)		$ 0.0001
Common stock, subject to possible redemption
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Common stock, par value (in dollars per share)				$ 0.0001
Temporary Equity, Shares Issued	0		2,750,000
Temporary Equity, Shares Outstanding	0		2,750,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

- Definition

Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480100/505-10-S45-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477657/942-210-S45-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478478/942-210-S50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.6-05(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(16)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

+ Details

- Definition

+ References + Details

- Definition

The number of securities classified as temporary equity that have been issued and are held by the entity's shareholders. Securities outstanding equals securities issued minus securities held in treasury. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

+ References + Details

RELATED PARTY TRANSACTIONS (Details)	3 Months Ended		6 Months Ended
RELATED PARTY TRANSACTIONS (Details)	May 31, 2026 USD ($) shares	May 31, 2025 USD ($) company	May 31, 2026 USD ($) shares	May 31, 2025 USD ($) company	Nov. 30, 2025 USD ($)
RELATED PARTY TRANSACTIONS
Professional fees	$ 2,010,841	$ 710,540	$ 2,469,761	$ 1,213,453
Due to related parties	$ 120,130		$ 120,130		$ 280,025
Options issued (in shares) \| shares	887,375		887,375
Chief Executive Officer
RELATED PARTY TRANSACTIONS
Professional fees			$ 135,030	90,000
Bonus payable			$ 25,000	0
Options issued (in shares) \| shares			750,000
Options fair value			$ 4,917,072
RSUs issued (in shares) \| shares			250,000
RSU fair value			$ 2,380,000
Chief Executive Officer \| Fees
RELATED PARTY TRANSACTIONS
Due to related parties	$ 60,030		60,030		15,000
Chief Executive Officer \| Expense reimbursement
RELATED PARTY TRANSACTIONS
Due to related parties	12,886		12,886		0
Former Chief Financial Officer
RELATED PARTY TRANSACTIONS
Professional fees			0	90,000
Former Chief Financial Officer \| Fees
RELATED PARTY TRANSACTIONS
Due to related parties	0		0		15,000
Former Chief Financial Officer \| Expense reimbursement
RELATED PARTY TRANSACTIONS
Due to related parties	0		0		0
Chief Financial Officer
RELATED PARTY TRANSACTIONS
Professional fees			$ 78,009	0
Options issued (in shares) \| shares			14,000
Options fair value			$ 89,084
RSUs issued (in shares) \| shares			42,000
RSU fair value			$ 384,300
Chief Financial Officer \| Fees
RELATED PARTY TRANSACTIONS
Due to related parties	24,259		24,259		10,750
Chief Financial Officer \| Expense reimbursement
RELATED PARTY TRANSACTIONS
Due to related parties	1,947		1,947		0
Chief executive officer and Chief financial officer \| Location, Statement of Income, Balance [Axis]: us-gaap:ProfessionalFees
RELATED PARTY TRANSACTIONS
Stock based compensation			3,069,747	0
Company controlled by a director
RELATED PARTY TRANSACTIONS
Professional fees			72,500	90,000
Company controlled by a director \| Fees
RELATED PARTY TRANSACTIONS
Due to related parties	15,000		15,000		22,500
Company controlled by a director \| Expense reimbursement
RELATED PARTY TRANSACTIONS
Due to related parties	6,008		6,008		7,971
Company controlled by shareholder
RELATED PARTY TRANSACTIONS
Professional fees			135,000	$ 231,250
Number of companies controlled by stockholder \| company		2		2
Company controlled by shareholder \| Fees
RELATED PARTY TRANSACTIONS
Due to related parties	$ 0		$ 0		67,875
Company controlled by shareholder \| Expense reimbursement
RELATED PARTY TRANSACTIONS
Due to related parties					128,064
Two Stockholders \| Eagle Energy
RELATED PARTY TRANSACTIONS
Ownership percentage of stockholders	5.00%	5.00%	5.00%	5.00%
Stockholder One
RELATED PARTY TRANSACTIONS
Professional fees			$ 0	$ 90,250
Stockholder One \| Expense reimbursement
RELATED PARTY TRANSACTIONS
Due to related parties	$ 0		$ 0		$ 12,865
Four directors
RELATED PARTY TRANSACTIONS
Options issued (in shares) \| shares			40,625
Options fair value			$ 250,536
RSUs issued (in shares) \| shares			121,875
RSU fair value			$ 1,115,156
Directors \| Location, Statement of Income, Balance [Axis]: us-gaap:LaborAndRelatedExpense
RELATED PARTY TRANSACTIONS
Stock based compensation			$ 731,157	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

May 31, 2026

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The significant accounting policies applied in the preparation of these unaudited condensed consolidated interim financial statements are consistent with the accounting policies disclosed in Note 3 of the audited financial statements for the year ended November 30, 2025 and the period from December 14, 2023 (inception) through November 30, 2024, except for adoption of new accounting policies, as described below.

Reverse recapitalization with SVII

Acquisition of Oregon Energy

Restricted cash

Preferred stock dividends

Property, plant and equipment

Depreciation is recorded using the straight-line method over the estimated useful lives of the assets as follows:

● Buildings	20 years
● Furniture and equipment	5 years
● Moveable equipment	4 years
● Other equipment	5 years

Redeemable preferred stock

Warrant liability

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) (Parenthetical)	3 Months Ended		6 Months Ended		12 Months Ended
	May 31, 2026	May 31, 2025	May 31, 2026	May 31, 2025	Nov. 30, 2025
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT)
Exchange ratio	5.8349	5.8349	5.8349	5.8349	5.8349

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)

Common Stock

Additional Paid-In Capital

Obligations to Issue Shares

Accumulated Deficit

Total

Balance beginning at Nov. 30, 2024

$ 1,645

$ 227,093

$ 167,750

$ (1,020,057)

$ (623,569)

Balance beginning (in shares) at Nov. 30, 2024

^[1]

16,452,690

Issuance of common shares

$ 226

8,015,622

(427)

8,015,421

Issuance of common shares (in shares)

^[1]

2,252,083

Issuance of shares to consultants

$ 8

304,992

(167,750)

137,250

Issuance of shares to consultants (in shares)

^[1]

85,690

Share issuance costs

$ 10

(577,130)

(577,120)

Share issuance costs (in shares)

^[1]

97,826

Net loss attributable to common stockholders

(1,692,101)

Balance ending at May. 31, 2025

$ 1,889

7,970,577

(427)

(2,712,158)

5,259,881

Balance ending (in shares) at May. 31, 2025

^[1]

18,888,289

Balance beginning at Feb. 28, 2025

$ 1,681

1,483,144

1,350,470

(1,687,052)

1,148,243

Balance beginning (in shares) at Feb. 28, 2025

16,816,111

Issuance of common shares

$ 195

6,905,124

(1,350,897)

5,554,422

Issuance of common shares (in shares)

1,940,076

Issuance of shares to consultants

$ 3

121,997

122,000

Issuance of shares to consultants (in shares)

34,276

Share issuance costs

$ 10

(539,688)

(539,678)

Share issuance costs (in shares)

97,826

Net loss attributable to common stockholders

(1,025,106)

Balance ending at May. 31, 2025

$ 1,889

7,970,577

$ (427)

(2,712,158)

5,259,881

Balance ending (in shares) at May. 31, 2025

^[1]

18,888,289

Balance beginning at Nov. 30, 2025

$ 1,889

7,968,157

(6,280,689)

1,689,357

Balance beginning (in shares) at Nov. 30, 2025

^[1]

18,888,289

Conversion of redeemable common stock

$ 275

299,725

300,000

Conversion of redeemable common stock (in shares)

^[1]

2,750,000

Reverse recapitalization

$ 623

1,990,561

1,991,184

Reverse recapitalization (in shares)

^[1]

6,230,033

Issuance of common shares for acquisition of Oregon Energy LLC

$ 171

11,959,656

11,959,827

Issuance of common shares for acquisition of Oregon Energy LLC (in shares)

^[1]

1,710,991

Accretion of mezzanine equity

(204,076)

Correction of share issuance (in shares)

^[1]

285

Shares issued for warrant exercises

2,300

Shares issued for warrant exercises (in shares)

^[1]

200

Stock based compensation - Options

2,308,868

Stock based compensation - RSUs

2,287,304

Net loss attributable to common stockholders

(27,314,980)

Balance ending at May. 31, 2026

$ 2,958

26,612,495

(33,595,669)

(6,980,216)

Balance ending (in shares) at May. 31, 2026

^[1]

29,579,798

Balance beginning at Feb. 28, 2026

$ 2,958

22,209,619

(7,785,119)

14,427,458

Balance beginning (in shares) at Feb. 28, 2026

29,579,313

Accretion of mezzanine equity

(195,596)

Correction of share issuance (in shares)

285

Shares issued for warrant exercises

2,300

Shares issued for warrant exercises (in shares)

200

Stock based compensation - Options

2,308,868

Stock based compensation - RSUs

2,287,304

Net loss attributable to common stockholders

(25,810,550)

Balance ending at May. 31, 2026

$ 2,958

$ 26,612,495

$ (33,595,669)

$ (6,980,216)

Balance ending (in shares) at May. 31, 2026

^[1]

29,579,798

[1]	The shares of the Company’s common stock, prior to the de-SPAC (as defined in Note 1) have been retroactively restated to reflect the exchange ratio of approximately 5.8349:1 established in the de-SPAC, as described in Note 4.

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY - Share based compensation related to RSUs (Details) - Restricted Stock Units - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2026	May 31, 2025	May 31, 2026	May 31, 2025
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Stock based compensation	$ 2,287,304	$ 0	$ 2,287,304	$ 0
Future unrecognized stock based compensation expense	$ 3,223,140		3,223,140
Location, Statement of Income, Balance [Axis]: us-gaap:BusinessDevelopment
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Stock based compensation			164,568
Location, Statement of Income, Balance [Axis]: us-gaap:LaborAndRelatedExpense
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Stock based compensation			1,113,593
Location, Statement of Income, Balance [Axis]: us-gaap:ProfessionalFees
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Stock based compensation			$ 1,009,143

CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS (Parenthetical)	3 Months Ended	6 Months Ended	12 Months Ended
	May 31, 2026 $ / shares shares	May 31, 2026 $ / shares shares	Nov. 30, 2025 $ / shares shares
Common stock, par value (in dollars per share) \| $ / shares	$ 0.0001	$ 0.0001	$ 0.0001
Common stock, shares authorized	300,000,000	300,000,000	350,000,000
Common stock, shares issued	29,579,798	29,579,798	18,888,289
Common stock, shares outstanding	29,579,798	29,579,798	18,888,289
Preferred stock, par value (in dollars per share) \| $ / shares	$ 0.0001	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	3,500,000	3,500,000	50,000,000
Preferred stock, shares issued	0	0	0
Preferred stock, shares outstanding	0	0	0
Exchange ratio	5.8349	5.8349	5.8349
Common stock, subject to possible redemption
Temporary equity, par value (in dollars per share) \| $ / shares	$ 0.0001	$ 0.0001	$ 0.0001
Temporary equity, shares authorized	300,000,000	300,000,000	350,000,000
Temporary equity, shares issued	0	0	2,750,000
Temporary equity, shares outstanding	0	0	2,750,000
Temporary equity, redemption price (in dollars per share) \| $ / shares			$ 0.11
Series A cumulative preferred stock, redeemable
Temporary equity, par value (in dollars per share) \| $ / shares	$ 0.0001	$ 0.0001	$ 0.0001
Temporary equity, shares authorized	3,500,000	3,500,000	50,000,000
Temporary equity, shares issued	29,700	29,700	0
Temporary equity, redemption price (in dollars per share) \| $ / shares	$ 1,000	$ 1,000

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	May 31, 2026
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Modified	false
Rule 10b5-1 Arrangement Modified	false

SEGMENT INFORMATION

6 Months Ended

May 31, 2026

SEGMENT INFORMATION

SEGMENT INFORMATION

18.SEGMENT INFORMATION

Operating segments are defined as components of an entity for which separate financial information is available and regularly reviewed by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources and assess performance. The Company’s CODM is the Chief Executive Officer. The Company has determined that it operates in a single operating segment in a single geographic region, as the Company is an integrated uranium exploration and SMR development operation in North America.

The CODM receives and reviews financial information on a consolidated basis. The CODM evaluates performance and allocates resources based on consolidated net loss, as presented in the Company’s unaudited condensed consolidated interim statement of operations, and monitors budget-to-actual variances for significant expense categories given their direct relationship to cash burn. The CODM also reviews the consolidated balance sheet to assess liquidity.

Segment assets are the same as consolidated total assets of $43,089,741 as of May 31, 2026, and $2,887,962 as of November 30, 2025.

The table below summarizes the significant expense categories regularly reviewed by the CODM, and reconciles to the Company’s condensed consolidated net loss as presented in the unaudited condensed consolidated statement of operations:


	For the three		For the three		For the six		For the six
	months ended		months ended		months ended		months ended
	May 31, 2026		May 31, 2025		May 31, 2026		May 31, 2025

Operating expenses
Exploration expense	$	496,419	$	56,678	$	723,920	$	63,983
Office and administrative		831,489		60,539		1,238,685		91,580
Professional fees		2,010,841		710,540		2,469,761		1,213,453
Salaries and wages		3,295,905		—		3,353,846		—
Change in fair value of warrant liability		17,750,724		—		17,750,724		—
Other segment items*		676,569		197,349		996,893		323,085
Net loss	$	(25,061,947)	$	(1,025,106)	$	(26,533,829)	$	(1,692,101)

- Definition

The entire disclosure for segment reporting.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 18: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 19: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 20: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 21: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 22: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/280/tableOfContent

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26

+ Details

OPERATING LEASES

6 Months Ended

May 31, 2026

OPERATING LEASES

OPERATING LEASES

10.OPERATING LEASES

On October 16, 2025, the Company entered into an office lease agreement in New York, NY for 5 years and 2 months from the lease commencement date, which is defined as the first business day following the substantial completion of the landlord’s work and delivery of possession of the premises to the Company. The lease commencement date was determined to be January 1, 2026, when the Company obtained possession of the premises. Lease liabilities are measured at the commencement date based on the present value of future lease payments.

On November 3, 2025, the Company entered into an office lease agreement in Vancouver, Canada for 2 years. Lease liabilities are measured at the commencement date based on the present value of future lease payments.

As the Company’s lease did not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of future payments. The Company used a discount rate of 10.00% in determining its lease liabilities.

The discount is the rate of interest that the Company would have to pay to borrow over a similar term, and with a similar security, the funds necessary to obtain an asset of comparable value to the right-of-use asset in a similar economic environment. The discount rate therefore reflects what the Company “would have to pay”, which requires estimation when no observable rates are available or where the applicable rates need to be adjusted to reflect the terms and conditions of the lease. The Company estimates the discount using observable inputs (such as market interest rates) when available and is required to make certain entity-specific estimates. The Company determined its discount rates based on the rate used by comparable public companies.

The following table presents the net lease cost and other supplemental lease information:


		For the six months			For the six months
		ended May 31, 2026			ended May 31, 2025
Lease cost:
Operating lease cost		$	93,581		$	—
Short term lease cost			60,017			—
Net lease cost		$	153,598		$	—
Cash paid for operating lease liabilities		$	(69,933)		$	—

Lease balance sheet information as of May 31, 2026 and November 30, 2025:


Lease liabilities		May 31, 2026			November 30, 2025
Current portion of operating lease liabilities		$	140,075		$	33,155
Long-term portion of operating lease liabilities			589,935			55,086
		$	730,010		$	88,241

Future minimum lease payments to be paid by the Company as a lessee as of May 31, 2026 are as follows:


Operating lease commitments and lease liability:
2026	$	127,842
2027		209,474
2028		180,665
2029		179,938
2030		183,537
2031		31,201
Total future minimum lease payments		912,657
Discount		(182,647)
Total	$	730,010

SUBSEQUENT EVENTS

6 Months Ended

May 31, 2026

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

19.SUBSEQUENT EVENTS

The Company evaluated all events and transactions occurring subsequent to May 31, 2026, through the date the unaudited condensed consolidated interim financial statements were issued, for items requiring adjustment to or disclosure in the accompanying unaudited condensed consolidated interim financial statements and notes to the unaudited condensed consolidated interim financial statements. The Company noted no such events or transactions other than those described below.

On June 5, 2026, the board of directors of the Company approved and ratified the written CEO and CFO employment agreements, effective upon the consummation of the de-SPAC, with annualized base salaries at $350,000 and $180,000, respectively, and eligibility to receive certain incentive bonuses and to participate in the EIP of the Company, as disclosed in Note 16.

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS (Parenthetical)	3 Months Ended		6 Months Ended		12 Months Ended
	May 31, 2026	May 31, 2025	May 31, 2026	May 31, 2025	Nov. 30, 2025
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS
Exchange ratio	5.8349	5.8349	5.8349	5.8349	5.8349

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY - Warrants (Details) - $ / shares				6 Months Ended
	May 01, 2026	Apr. 27, 2026	Feb. 24, 2026	May 31, 2026
Number of warrants
Exercised (shares)	(200)	(200)		(200)
Adjustment (shares)				(17)
Ending balance				23,421,916
Weighted Average Exercise Price
Exercised				$ 11.5
Adjustment				11.5
Ending balance				$ 11.55
Remaining life (in Years)
Remaining life (in Years)				4 years 8 months 26 days
PIPE financing warrants
Number of warrants
Warrants issued			2,500,000	2,500,000
Ending balance				2,500,000
Weighted Average Exercise Price
Warrants issued				$ 12
Remaining life (in Years)
Warrants issued				4 years 8 months 26 days
Reverse recapitalization warrants
Number of warrants
Warrants issued				20,922,133
Ending balance				20,921,916
Weighted Average Exercise Price
Warrants issued				$ 11.5
Remaining life (in Years)
Warrants issued				4 years 8 months 26 days

RISK CONCENTRATION (Details) - USD ($)	May 31, 2026	Nov. 30, 2025
RISK CONCENTRATION
Uninsured cash balance	$ 27,748,634	$ 980,411
Canada
RISK CONCENTRATION
Uninsured cash balance	160,081
United States
RISK CONCENTRATION
Uninsured cash balance	$ 27,588,553

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-20

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 18
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482836/275-10-55-18

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-20

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 954
-SubTopic 310
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478785/954-310-50-2

+ Details

ACQUISITION OF OREGON ENERGY (Tables)

6 Months Ended

May 31, 2026

ACQUISITION OF OREGON ENERGY

Schedule of allocation of the purchase price


Number of common shares issued for acquisition of Oregon Energy		1,710,991
Fair value per share	$	6.99
Share consideration	$	11,959,827
Cash consideration from prior option payments (Note 9)		1,219,545
Total consideration	$	13,179,372

Net assets assumed by the Company:
Cash	$	302
Prepaids and deposits		42,604
Restricted cash		140,960
Property, plant and equipment		242,012
Accounts payable and accrued liabilities		(2,231)
Mineral rights		12,755,725
Net assets (liabilities)	$	13,179,372

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY - Stock Option Assumptions (Details)	6 Months Ended
	May 31, 2026 USD ($)
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Stock options, fair value	$ 5,783,245
Employee Stock Option Member
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Expected volatility, Minimum	114.01%
Expected volatility, Maximum	114.36%
Risk free interest rate, Minimum	3.90%
Risk free interest rate, Maximum	3.99%
Dividend yield	0.00%
Valuation Technique	us-gaap:BlackScholesMertonModelMember
Employee Stock Option Member \| Minimum
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Expected term	2 years 9 months
Employee Stock Option Member \| Maximum
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Expected term	3 years

OPERATING LEASES - Future minimum lease payments to be paid (Details) - USD ($)	May 31, 2026	Nov. 30, 2025
Operating lease commitments and lease liability:
2026	$ 127,842
2027	209,474
2028	180,665
2029	179,938
2030	183,537
2031	31,201
Total future minimum lease payments	912,657
Discount	(182,647)
Total	$ 730,010	$ 88,241

STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY - Stock Option Activities (Details) - $ / shares			3 Months Ended	6 Months Ended
	May 06, 2026	Apr. 15, 2026	May 31, 2026	May 31, 2026	May 31, 2025
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Options issued (in shares)			887,375	887,375
Stock options exercisable price			$ 9.85	$ 9.85
Chief Executive Officer
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Stock options exercisable price			$ 10	$ 10
Employee Stock Option Member
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Options issued (in shares)					0
Employee Stock Option Member \| Chief Executive Officer
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Options issued (in shares)		750,000
Stock options exercisable price		$ 10
Stock options, vesting percentage		33.33%
Employee Stock Option Member \| Officers, employees and consultants
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Options issued (in shares)	96,750
Stock options exercisable price	$ 9.15
Stock options, vesting percentage	33.33%
Employee Stock Option Member \| Company controlled by a director
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Options issued (in shares)	40,625
Stock options exercisable price	$ 9.15
Stock options, vesting percentage	50.00%
Employee Stock Option Member \| Tranche one \| Chief Executive Officer
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Stock options, vesting percentage		33.33%
Employee Stock Option Member \| Tranche one \| Officers, employees and consultants
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Stock options, vesting percentage	33.33%
Employee Stock Option Member \| Tranche one \| Company controlled by a director
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Stock options, vesting percentage	50.00%
Employee Stock Option Member \| Tranche two \| Chief Executive Officer
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Stock options, vesting percentage		33.33%
Employee Stock Option Member \| Tranche two \| Officers, employees and consultants
STOCKHOLDERS' EQUITY (DEFICIT) AND MEZZANINE EQUITY
Stock options, vesting percentage	33.33%

SEGMENT INFORMATION (Details) - USD ($)	3 Months Ended		6 Months Ended
SEGMENT INFORMATION (Details) - USD ($)	May 31, 2026	May 31, 2025	May 31, 2026	May 31, 2025
Operating expenses
Exploration expense	$ 496,419	$ 56,678	$ 723,920	$ 63,983
Office and administrative	831,489	60,539	1,238,685	91,580
Professional fees	2,010,841	710,540	2,469,761	1,213,453
Salaries and wages	3,295,905		3,353,846
Change in fair value of warrant liability	17,750,724		17,750,724
Net loss	(25,061,947)	(1,025,106)	(26,533,829)	(1,692,101)
Single reportable segment
Operating expenses
Exploration expense	496,419	56,678	723,920	63,983
Office and administrative	831,489	60,539	1,238,685	91,580
Professional fees	2,010,841	710,540	2,469,761	1,213,453
Salaries and wages	3,295,905		3,353,846
Change in fair value of warrant liability	17,750,724		17,750,724
Other segment items	$ 676,569	$ 197,349	$ 996,893	$ 323,085
Segment Reporting, Other Segment Item, Composition, Description	Other segment items consist of business development, amortization and depreciation, rent expense, investor relations, licensing fee expense, travel and entertainment, interest income, and loss on foreign currency transactions.	Other segment items consist of business development, amortization and depreciation, rent expense, investor relations, licensing fee expense, travel and entertainment, interest income, and loss on foreign currency transactions.	Other segment items consist of business development, amortization and depreciation, rent expense, investor relations, licensing fee expense, travel and entertainment, interest income, and loss on foreign currency transactions.	Other segment items consist of business development, amortization and depreciation, rent expense, investor relations, licensing fee expense, travel and entertainment, interest income, and loss on foreign currency transactions.
Net loss	$ (25,061,947)	$ (1,025,106)	$ (26,533,829)	$ (1,692,101)

RELATED PARTY TRANSACTIONS

6 Months Ended

May 31, 2026

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

13.RELATED PARTY TRANSACTIONS

During the six months ended May 31, 2026, the Company incurred $135,030 (for the six months ended May 31, 2025 - $90,000) in fees to the CEO of the Company, and $25,000 of bonus to the CEO (for the six months ended May 31, 2025 - $Nil) payable upon completion of the de-SPAC transaction (Note 4). As of May 31, 2026, $60,030 of CEO fees (November 30, 2025 - $15,000), and $12,886 in expense reimbursements (November 30, 2025 - $Nil) were included in due to related parties.

During the six months ended May 31, 2026, the Company incurred $78,009 (for the six months ended May 31, 2025 - $Nil) in fees to the Chief Financial Officer (the “CFO”) of the Company. As of May 31, 2026, $24,259 of CFO fees (November 30, 2025 - $10,750) and $1,947 in expense reimbursements (November 30, 2025 - $Nil) were included in due to related parties.

During the six months ended May 31, 2026, the Company incurred $Nil (for the six months ended May 31, 2025 - $90,000) in fees with a company controlled by the former Chief Financial Officer (the “former CFO”) of the Company. As of May 31, 2026, $Nil of former CFO fees (November 30, 2025 - $15,000) and $Nil in expense reimbursements (November 30, 2025 - $Nil) were included in due to related parties.

During the six months ended May 31, 2026, the Company incurred $72,500 (for the six months ended May 31, 2025 - $90,000) of consulting fees with a company controlled by a director of the Company. As of May 31, 2026, $15,000 (November 30, 2025 - $22,500) of consulting fees and $6,008 (November 30, 2025 - $7,971) in expense reimbursements were included in due to related parties.

During the six months ended May 31, 2026, the Company incurred $135,000 (for the six months ended May 31, 2025 - $231,250) of consulting fees with a company (for the six months ended May 31, 2025 - two companies) controlled by a stockholder of the Company. As of May 31, 2026, $Nil (November 30, 2025 - $67,875) of consulting fees and $Nil (November 30, 2025 - $128,064) in expense reimbursements were included in due to related parties.

Additionally, there was one stockholder who held over 5% of the Company’s common stock during the six months ended May 31, 2025 that provided consulting services to the Company. The stockholder no longer holds over 5% of the Company’s common stock during the six months ended May 31, 2026. During the six months ended May 31, 2026, the Company incurred $Nil (for the six months ended May 31, 2025 - $90,250) of consulting fees with this stockholder. As of May 31, 2026, $Nil (November 30, 2025 - $12,865) was included in due to related parties for amounts relating to expense reimbursements due to a stockholder.

During the six months ended May 31, 2026, the Company granted the following stock options and RSUs to related parties:

●

750,000 stock options with grant date fair value of $4,917,072 and 250,000 RSUs with grant date fair value of $2,380,000 to the CEO;

●

14,000 stock options with grant date fair value of $89,084 and 42,000 RSUs with grant date fair value of $384,300 to the CFO; and,

●

40,625 stock options with grant date fair value of $250,536 and 121,875 RSUs with grant date fair value of $1,115,156 to four directors.

During the six months ended May 31, 2026, the Company incurred $3,069,747 (for the six months ended May 31, 2025 - $Nil) of stock based compensation to the CEO and CFO, recognized in salaries and wages; and $731,157 (for the six months ended May 31, 2025 - $Nil) of stock based compensation to the Company’s directors, recognized in professional fees (Note 14).

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477657/942-210-S45-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478478/942-210-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(7)(e)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/850/tableOfContent

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details