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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Feb. 28, 2022
Feb. 28, 2021
OPERATING ACTIVITIES    
Loss for the period $ (5,950) $ (6,553)
Add items not affecting cash / adjustments:    
Depreciation 46 61
Interest expense 1,650 2,524
Unrealized foreign exchange (loss) 221 (3)
Loss on fair value of derivatives and other instruments (12) 558
Loss on repayment of debt and Convertible Notes 104 300
Stock compensation expense 1,284 1,607
Share of joint venture expenditures 253 343
Directors' fees paid in deferred share units 79 75
Write-off costs associated with prospecting right closures 223 0
Net change in non-cash working capital (463) (2,938)
Net cash flows from (used in) operating activities (2,565) (4,026)
FINANCING ACTIVITIES    
Proceeds from issuance of equity 19,928 25,325
Equity issuance costs (510) (1,186)
Cash received from option exercises 21 668
Sprott Facility principal repayments (9,400) (8,670)
Sprott Facility interest paid (293) (982)
Convertible note interest paid (826) (693)
Costs associated with repayment of debt and Convertible Notes (96) 0
Lease payments made (45) (45)
Share unit cash settlement 0 (191)
Cash received from Waterberg partners 226 665
Net cash flows from (used in) financing activities 9,005 14,891
INVESTING ACTIVITIES    
Performance bonds (24) (23)
Investment in Lion (253) (350)
Expenditures incurred on Waterberg Project (2,587) (1,403)
Net cash flows from (used in) investing activities (2,864) (1,776)
Net increase in cash 3,576 9,089
Effect of foreign exchange on cash (52) (610)
Cash, beginning of period 6,059 1,308
Cash end of period $ 9,583 $ 9,787