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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2021
Aug. 31, 2020
Aug. 31, 2019
OPERATING ACTIVITIES      
Loss for the year $ (13,063) $ (7,128) $ (16,776)
Add items not affecting cash / adjustments:      
Depreciation 122 177 235
Interest expense 5,066 5,493 8,355
Unrealized foreign exchange (loss) (1,058) 128 13
Loss (Gain) on fair value of derivatives and other instruments (52) (3,203) 2,732
Gain on marketable securities 0 0 (609)
Loss on partial settlement of Sprott Facility (189) 0 0
Gain on extension of Sprott Facility 348 0 0
Deferred tax expense 55 72 106
Stock compensation expense 3,184 1,569 787
Share of joint venture expenditures 343 369 595
Directors' fees paid in deferred share units 152 142 112
Net change in non-cash working capital (2,962) (739) (502)
Net cash flows from (used in) operating activities (8,054) (3,120) (4,952)
FINANCING ACTIVITIES      
Share issuance - warrant exercise 0 48 1,783
Proceeds from issuance of equity 27,949 5,705 25,024
Equity issuance costs (1,546) (514) (1,876)
Cash received from option exercises 1,485 0 0
Sprott Facility principal repayments (10,600) 0 0
Sprott Facility interest paid (1,589) (2,237) (73)
Convertible note interest paid (1,374) 0 (687)
Cash proceeds from debt 0 0 20,000
Costs associated with debt (318) (40) (228)
Lease payments made (91) (66) 0
Repayment of Liberty debt and production payment termination 0 0 (41,023)
Share unit cash settlement (151) 0 0
Cash received from Waterberg partners 1,829 1,697 3,522
Net cash flows from (used in) financing activities 15,594 4,593 6,442
INVESTING ACTIVITIES      
Performance bonds (43) (67) 19
Investment in Lion Battery (350) (350) (554)
Cash received from the sale of marketable securities 0 0 7,951
Expenditures from restricted cash (Waterberg) 0 0 126
Expenditures incurred on Waterberg Project (2,415) (4,953) (6,990)
Net cash flows from (used in) investing activities (2,808) (5,370) 552
Net increase (decrease) in cash 4,732 (3,897) 2,042
Effect of foreign exchange on cash 19 (345) 491
Cash, beginning of year 1,308 5,550 3,017
Cash end of year $ 6,059 $ 1,308 $ 5,550