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Consolidated Statements of Cash Flows
$ in Thousands, $ in Thousands
 12 Months Ended
Nov. 30, 2023
CAD ($)
Nov. 30, 2022
CAD ($)
Operating activities    
Net loss for the year $ (30,449) $ (13,200)
Adjustments for items not involving cash:    
Depreciation 202 210
Accretion 35 19
Financing costs 1,266 1,748
Share of loss on investment in joint venture 40 59
Adjustments for share-based payments 3,287 2,392
Unrealized loss on long-term investments 180 0
Loss (gain) on loan modification 422 (834)
Share of loss in associate 116 0
Gain on government loan forgiveness 0 (10)
Deferred income tax expense (recovery) 4,900 (1,220)
Impairment of exploration and evaluation assets 1,809 0
Recovery on the receipt of mineral property option payments (2,696) (1,379)
Foreign exchange loss 52 474
Net changes in non-cash working capital items:    
Inventory (37) 0
Other receivables (220) (334)
Prepaid expenses and deposits (940) 54
Accounts payable and accrued liabilities 37 729
Incomes taxes payable 7 0
Withholdings taxes payable 89 156
Due to related parties 68 150
Cash used in operating activities (21,832) (10,986)
Investing activities    
Investment in exploration and evaluation assets (501) (110)
Purchase of securities (1,903) (6,200)
Construction of camp structures (1,175) 0
Investment in joint venture (42) (78)
Purchase of equipment (170) (35)
Reclamation deposit 30 0
Cash used in investing activities (3,761) (6,423)
Financing activities    
Net proceeds from At-the-Market offering 22,199 17,992
Net proceeds from US GoldMining IPO 24,145 0
Proceeds from US GoldMining warrant exercises 4,523 0
Proceeds from common shares issued upon exercise of options 2,188 1,087
Open market purchases of US GoldMining shares (3,403) 0
Payment of lease liabilities (106) (109)
Transaction costs on modification of margin loan (73) (203)
Cash generated from financing activities 38,994 13,910
Effect of exchange rate changes on cash (19) 166
Net increase (decrease) in cash and cash equivalents and restricted cash 13,382 (3,333)
Beginning of year 8,325 11,658
End of year 21,707 8,325
Government loan [member]    
Financing activities    
Principal repayment 0 (30)
Margin loan facility [member]    
Adjustments for items not involving cash:    
Foreign exchange loss 52 474
Financing activities    
Principal repayment (9,595) (3,696)
Interest paid $ (884) $ (1,131)