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Consolidated Statements of Cash Flows
$ in Thousands, $ in Thousands
 12 Months Ended
Nov. 30, 2022
CAD ($)
Nov. 30, 2021
CAD ($)
Operating activities    
Net income (loss) for the year $ (13,200) $ 100,184
Adjustments for items not involving cash:    
Depreciation 210 186
Accretion 19 4
Financing costs 1,748 146
Share of loss on investment in joint venture 59 1
Share-based compensation 2,392 3,013
Gains on remeasurement of investment in GRC 0 (123,653)
Gain on modification of margin loan (834) 0
Share of loss in associate 0 2,931
Gain on government loan forgiveness (10) 0
Deferred income tax expense (recovery) (1,220) 9,011
Gain on settlement of litigation 0 (760)
Recovery on grant of mineral property option (1,379) 0
Net unrealized foreign exchange loss 474 380
Net changes in non-cash working capital items:    
Other receivables (334) (6)
Prepaid expenses and deposits 54 (553)
Accounts payable and accrued liabilities 729 1,210
Withholdings taxes payable 156 0
Due to related parties 150 (9)
Cash used in operating activities (10,986) (7,915)
Investing activities    
Investment in exploration and evaluation assets (110) (49)
Investment in royalty 0 (231)
Purchase of long-term investments (6,200) 0
Investment in joint venture (78) 0
Purchase of equipment (35) (7)
Deconsolidation of cash held in GRC 0 (2,481)
Reclamation deposit 0 30
Restricted cash refund 0 350
Cash used in investing activities (6,423) (2,388)
Financing activities    
Proceeds from At-the-Market offering, net of agents' fees and issuance costs 17,992 0
Proceeds from common shares issued upon exercise of options 1,087 1,131
Payment of lease liabilities (109) (114)
Draw-down 0 11,966
Transaction costs on modification of margin loan (203) 0
Payment of short-term credit facility 0 (350)
Proceeds from GRC private placement 0 137
Cash generated from financing activities 13,910 12,765
Effect of exchange rate changes on cash 166 3
Net increase (decrease) in cash and cash equivalents (3,333) 2,465
Beginning of year 11,658 9,193
End of year 8,325 11,658
Government loan [member]    
Financing activities    
Principal repayment (30) 0
Margin loan facility [member]    
Adjustments for items not involving cash:    
Gain on modification of margin loan (834)  
Financing activities    
Principal repayment (3,696) 0
Draw-down   12,388
Interest paid (1,131) 0
Credit facility [member]    
Financing activities    
Interest paid $ 0 $ (5)