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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
May 31, 2020
May 31, 2019
OPERATING ACTIVITIES    
Income (Loss) for the period $ (5,898) $ (13,137)
Add items not affecting cash:    
Depreciation 146 187
Interest expense 4,091 7,331
Unrealized foreign exchange loss 419 99
(Gain) Loss on fair value of convertible debt derivatives and warrants (3,112) 839
(Gain) on marketable securities   (609)
Stock compensation expense 1,144 521
Directors fees paid in deferred share units 97  
Net change in non-cash working capital (256) 747
Net cash flows from (used in) operating activities (3,369) (4,022)
FINANCING ACTIVITIES    
Share issuance - warrant exercise 48 1,646
Proceeds from the issuance of equity 4,000 4,155
Equity issuance costs (284) (156)
Debt principal repayments   (8,023)
Sprott interest paid (1,680)  
Lease payments (62)  
Cash received from Waterberg partners 945 2,367
Net cash flows from (used in) financing activities 2,967 (11)
INVESTING ACTIVITIES    
Expenditures from restricted cash (Waterberg)   126
Cash received from sale of marketable securities   7,951
Performance bonds (52)  
Waterberg exploration expenditures (4,492) (6,139)
Net cash flows from (used in) investing activities (4,544) 1,938
Net decrease in cash (4,946) (2,095)
Effect of foreign exchange on cash 726 330
Cash, beginning of period 5,550 3,017
Cash, end of period $ 1,330 $ 1,252