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Consolidated Statements of Cash Flows - CAD ($)
12 Months Ended
Nov. 30, 2021
Nov. 30, 2020
Operating activities    
Net income (loss) for the year $ 100,184,184 $ (11,087,643)
Adjustments for items not involving cash:    
Depreciation 185,623 275,163
Accretion 3,735 13,190
Financing costs 145,687 2,807
Equity losses of joint venture 1,142 5,063
Share-based compensation 3,013,479 2,624,526
Write-off of exploration and evaluation assets 0 10,091
Gains on remeasurement of investment in GRC (123,652,731) 0
Share of loss in associate 2,930,523 0
Deferred income tax expense 9,011,367 0
Gain on settlement of litigation (760,436) 0
Gain on disposal of equipment 0 (10,391)
Net unrealized foreign exchange loss 380,029 226,653
Net changes in non-cash working capital items:    
Other receivables (5,878) 7,844
Prepaid expenses and deposits (553,182) (253,710)
Accounts payable and accrued liabilities 1,209,501 712,831
Due to related parties (9,220) (113,945)
Cash used in operating activities (7,916,177) (7,587,521)
Investing activities    
Investment in exploration and evaluation assets (48,510) (918,669)
Investment in royalty (230,614) 0
Investment in joint venture 0 0
Purchase of equipment (7,787) (36,397)
Proceeds on disposal of equipment 0 10,391
Deconsolidation of cash held in GRC (2,480,709) 0
Reclamation deposit 30,000 0
Restricted cash refund (deposit) 350,000 (350,000)
Cash used in investing activities (2,387,620) (1,294,675)
Financing activities    
Proceeds from shares and warrants issued 1,131,594 7,459,636
Payment of lease liabilities (114,213) (101,922)
Proceeds from government loan 0 40,000
Net proceeds from margin loan 11,965,616 0
Proceeds from (repayment of) short-term credit facility (350,000) 350,000
Proceeds from GRC private placement 137,428 3,584,717
Interest paid on short-term credit facility (4,907) 0
Cash generated from financing activities 12,765,518 11,332,431
Effect of exchange rate changes on cash 3,498 264,969
Net increase in cash and cash equivalents 2,465,219 2,715,204
Beginning of year 9,193,089 6,477,885
End of year $ 11,658,308 $ 9,193,089