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Consolidated Statements of Cash Flows - CAD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Operating activities    
Net loss for the year $ (27,347) $ (30,449)
Adjustments for items not involving cash:    
Depreciation 331 202
Accretion 37 35
Financing costs 36 1,266
Share of loss on investment in joint venture 70 40
Adjustments for share-based payments 2,298 3,287
Unrealized loss on short-term investments 29 0
Unrealized loss on long-term investments 0 180
Loss on loan modification 0 422
Share of loss in associate 1,458 116
Deferred income tax expense 168 4,900
Impairment of exploration and evaluation assets 74 1,809
Recovery on the receipt of mineral property option payments (2,260) (2,696)
Net foreign exchange loss 0 52
Net changes in non-cash working capital items:    
Inventory (12) (37)
Other receivables 240 (220)
Prepaid expenses and deposits 486 (940)
Accounts payable and accrued liabilities (156) 37
Incomes taxes payable 1,985 7
Withholdings taxes payable 0 89
Due to related parties 35 68
Cash used in operating activities (22,528) (21,832)
Investing activities    
Investment in exploration and evaluation assets (306) (501)
Purchase of securities (190) (1,903)
Construction of camp structures 0 (1,175)
Investment in joint venture (206) (42)
Purchase of equipment (243) (170)
Royalty buy-down (99) 0
Reclamation deposit 0 30
Cash used in investing activities (1,044) (3,761)
Financing activities    
Net proceeds from US GoldMining IPO 0 24,145
Proceeds from US GoldMining warrant exercises, net of issuance costs 5 4,523
Proceeds from common shares issued upon exercise of options 34 2,188
Open market purchases of US GoldMining shares 0 (3,403)
Payment of lease liabilities (110) (106)
Transaction costs on modification of margin loan 0 (73)
Cash generated from financing activities 13,352 38,994
Effect of exchange rate changes on cash 515 (19)
Net increase (decrease) in cash and cash equivalents and restricted cash (9,705) 13,382
Beginning of year 21,707 8,325
End of year 12,002 21,707
Margin loan facility [member]    
Financing activities    
Payment of borrowings 0 (9,595)
Interest paid 0 (884)
ATM program [member]    
Financing activities    
Net proceeds from At-the-Market offering, net of issuance costs 12,786 22,199
ATM program [member] | U.S. GoldMining Inc. [member]    
Financing activities    
Net proceeds from At-the-Market offering, net of issuance costs $ 637 $ 0