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Income Tax | 12 Months Ended
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Nov. 30, 2023
Income Tax Disclosure [Abstract] |
Income Tax | Note 15: Income Tax A reconciliation of the provision for income taxes computed at the combined federal and state statutory rate to the provision for income taxes as shown in the statements of operations for the years ended November 30, 2023 and 2022 is as follows: Schedule Of Effective Tax Rate
|  | Year ended November 30, |
|  | 2023 |  |  | 2022 |
Federal income tax provision rate |  |  | 21.00 | % |  |  | 21.00 | %
State income tax provision rate, net of federal tax |  |  | 7.43 | % |  |  | 7.43 | %
|  |  | 28.43 | % |  |  | 28.43 | %
|  | 2023 |  |  | 2022 |
|  | Year ended November 30, |
|  | 2023 |  |  | 2022 |
Net loss for the year before tax |  | $ | (9,351,640 | ) |  | $ | (1,738,657 | )
Statutory federal income rate |  |  | 21.00 | % |  |  | 21.00 | %
Recovery of income taxes at statutory rates |  | $ | (1,963,844 | ) |  | $ | (365,118 | )
State tax |  |  | (696,186 | ) |  |  | (129,182 | )
Permanent differences |  |  | 448,615 |  |  |  | 525,401 |
Adjustments to valuation allowance related to prior years |  |  | 58,886 |  |  |  | - |
Change in valuation allowance |  |  | 2,157,466 |  |  |  | (31,101 | )
Other |  |  | - |  |  |  | - |
Tax expense for the year |  | $ | 4,937 |  |  | $ | - |
Deductible temporary differences and unused tax losses for which no deferred tax assets have been recognized are attributable to the following: Schedule of Deferred Tax Assets
|  | 2023 |  |  | 2022 |
|  | Year ended November 30, |
|  | 2023 |  |  | 2022 |
Non-capital loss carry-forward |  | $ | 2,453,215 |  |  | $ | 652,677 |
Resource properties |  |  | 446,198 |  |  |  | 90,923 |
Equipment |  |  | 59,110 |  |  |  | 58,741 |
Others |  |  | 7,707 |  |  |  | 6,423 |
Deferred income tax assets |  |  | 2,966,230 |  |  |  | 808,764 |
Valuation allowance |  |  | (2,966,230 | ) |  |  | (808,764 | )
Deferred income tax assets |  | $ | - |  |  | $ | - |
Deferred tax assets have not been recognized in the financial statements, as management does not consider it more likely than not that those assets will be realized in the near future. The Company has non-capital federal losses which may be carried forward to reduce taxable income in future years. As at November 30, 2023, the Company has non-capital losses of $8,628,966 in the United States of which $897,219 will expire between 2034 and 2037 and $7,731,747 may be carried forward indefinitely. Our U.S. federal net operating loss carryforwards expire as follows: Summary of Operating Loss Carryforwards
November 30, 2034 |  | $ | 46,930 |
November 30, 2035 |  |  | 289,455 |
November 30, 2036 |  |  | 283,286 |
November 30, 2037 |  |  | 277,548 |
Indefinite |  |  | 7,731,747 |
Total |  | $ | 8,628,966 |
U.S. GOLDMINING INC. (formerly BRI Alaska Corp.) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars)

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