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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Operating activities    
Net loss for the period $ (5,622,175) $ (832,945)
Adjustments to reconcile net loss to net cash used in operating activities:    
Accretion and depreciation 21,136 14,279
Share-based compensation 347,581 26,611
Non-cash lease expenses 6,165
Foreign exchange translation gain (4,600)
Changes in operating assets and liabilities    
Inventories (32,047)
Prepaid expenses and deferred costs (1,467,371) 7,362
Other receivables (79,331)
Accounts payable (293,679) 18,097
Accrued liabilities 45,494 83,694
Withholdings taxes payable 53,935
Net cash used in operating activities (7,024,892) (682,902)
Investing activities    
Construction of camp structures (942,015)
Net cash used in investing activities (942,015)
Financing activities    
Proceeds from initial public offering, net of underwriters’ fees and issuance costs 19,056,223
Proceeds from common shares issued for warrant exercise 3,363,203
Capital contributions from GoldMining 35,434 41,242
Advance from GoldMining 1,003,142 640,367
Repayment of advance from GoldMining (1,680,925)
Net cash provided by financing activities 21,777,077 681,609
Net change in cash, cash equivalents and restricted cash 13,810,170 (1,293)
Cash, cash equivalents and restricted cash, beginning of period 54,508 5,630
Cash, cash equivalents and restricted cash, end of period 13,864,678 4,337
Supplemental disclosure of non-cash investing and financing activities:    
Common share issuance costs included in prepaid expenses and deferred costs 26,416
Allocation of share-based compensation expenses from GoldMining $ 49,177 $ 26,611