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Share Capital (Tables)
12 Months Ended
Mar. 31, 2024
Share Capital [Abstarct]  
Schedule of Continuity for Stock Options The continuity for stock options for the years ended March 31, 2024, 2023 and 2022 is as follows:
  Number of Stock Options Weighted Average
Exercise Price
Balance, fully vested and exercisable at March 31, 2021 1,036,842 $ 0.99
Granted 721,052 $ 1.25
Balance, fully vested and exercisable at March 31, 2022 1,757,894 $ 1.10
Expired (197,368) $ 1.52
Balance, fully vested and exercisable at March 31, 2023 1,560,526 $ 1.04
Granted 2,000,000 $ 0.59
Balance, fully vested and exercisable at March 31, 2024 3,560,526 $
0.79
Schedule of Stock Options Outstanding As at March 31, 2024, the following stock options were outstanding:
Expiry Date Number Outstanding Number Exercisable Weighted average
exercise price
Average Remaining
Contractual Life
February 9, 2026 694,737 694,737 $ 0.80 1.86
February 11, 2026 342,105 342,105 $ 1.33 1.87
May 14, 2026 223,684 223,684 $ 1.33 2.12
July 13, 2026 236,842 236,842 $ 0.95 2.28
January 6, 2027 63,158 63,158 $ 1.33 2.77
June 4, 2028 2,000,000 2,000,000 $ 0.59 4.18
  3,560,526 3,560,526 $ 0.79 3.24

 

Schedule of Share Purchase Warrants The continuity for share purchase warrants for the years ended March 31, 2024, 2023 and 2022 is as follows:
  Number of Warrants Weighted Average
Exercise Price
Balance, March 31, 2021 2,656,753 $ 1.52
Issued 2,786,723 $ 1.86
Exercised (61,053) $ 0.80
Balance, March 31, 2022 5,382,423 $ 1.71
Issued 1,177,444 $ 1.83
Expired (4,210,438) $ 1.73
Balance, March 31, 2023 2,349,429 $ 1.69
Issued 927,778 $ 0.65
Expired (1,895,670) $ 1.69
Balance, March 31, 2024 1,381,537 $ 1.00
Schedule of Share Purchase Warrants Issued in Connection with Private Placement As at March 31, 2024, the following share purchase warrants issued in connection with private placements were outstanding:

 

Expiry date

 

Exercise price

Number Outstanding and

Exercisable

Average Remaining

Contractual Life

May 2, 2024 * $ 1.71 453,759 0.09
November 8, 2025 $ 0.65 888,889 1.61
November 20, 2025 $ 0.65 38,889 1.64
  $ 1.00 1,381,537 1.11
*Subsequently expired unexercised.
Schedule of Continuity for Restricted Share Units The continuity for restricted share units for the years ended March 31, 2024, 2023 and 2022 is as follows:
  RSU’s outstanding
Balance, March 31, 2022, and 2021 -
Granted 3,650,000
Vested and issued (3,650,000)
Balance, March 31, 2023 -

Granted

1,425,000

Vested and issued

(1,425,000)

Balance, March 31, 2024

-