Quantitative and Qualitative Disclosures About Market Risk.
−Removed: Company’s financial instruments consist of cash and cash equivalents, investments, trade payable , and accrued
−Removed: expenses and other payables.
−Removed: Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant
−Removed: interest or credit risks arising from these financial instruments.
−Removed: The fair value of these financial instruments approximates their carrying
−Removed: values, unless otherwise noted.
+Added: Company’s financial instruments consist of cash and cash equivalents, investments, trade payable, and accrued expenses and other
+Added: Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest or credit
+Added: risks arising from these financial instruments.
+Added: The fair value of these financial instruments approximates their carrying values, unless
+Added: otherwise noted.
understands that the Company is exposed to financial risk arising from fluctuations in foreign exchange rates and the degree of volatility
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the risk management process.
−Removed: The overall objectives of the Board are to set policies that seek to reduce risk as far as possible without
+Added: The overall objective of the Board is to set policies that seek to reduce risk as far as possible without
unduly affecting the Company’s competitiveness and flexibility.
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Company’s approach to managing liquidity risk is to ensure that it will have sufficient liquidity to meet liabilities as they come
−Removed: As of January 31, 2024, the Company has total assets of $12,231,047 (July 31, 2023 - $27,163,577 ) and a positive working capital
−Removed: balance of $7,817,634 (July 31, 2023 –$25,147,050).
+Added: As of April 30, 2024, the Company has total assets of $6,203,266 (July 31, 2023 - $27,163,577) and a negative working capital balance
+Added: of $1,227,767 (July 31, 2023 – positive $25,147,050).
Rate risk is the risk that the fair value of a financial instrument will fluctuate because of changes in market interest rates.
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period through its Canadian denominated trade payable and cash.
−Removed: As of January 31, 2024, a 5% depreciation or appreciation of the Canadian
+Added: As of April 30, 2024, a 5% depreciation or appreciation of the Canadian
dollar against the US dollar would not have a material effect on the in total loss and comprehensive loss.
−Removed: carrying values of cash and cash equivalents, trade payable, and accrued expenses and other payables approximate
−Removed: their fair values due to their short terms to maturity.
+Added: carrying values of cash and cash equivalents, trade payable, and accrued expenses and other payables approximate their fair values due
+Added: to their short terms to maturity.
and cash equivalents are valued using quoted market prices in active markets.
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.