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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
May 31, 2022
May 31, 2021
OPERATING ACTIVITIES    
Loss for the period $ (7,260) $ (8,835)
Add items not affecting cash / adjustments:    
Depreciation 69 98
Interest expense 1,650 3,629
Unrealized foreign exchange (loss) 84 (107)
Loss on fair value of derivatives and other instruments (12) 607
Loss on early repayment of debt and Convertible Notes 135 300
Stock compensation expense 1,730 2,774
Share of joint venture expenditures 253 343
Directors' fees paid in deferred share units 118 120
Write-off costs associated with prospecting right closures 223 0
Net change in non-cash working capital (790) (2,753)
Net cash flows from (used in) operating activities (3,800) (3,824)
FINANCING ACTIVITIES    
Proceeds from issuance of equity 25,831 25,325
Equity issuance costs (855) (1,437)
Cash received from option exercises 22 1,382
Sprott Facility principal repayments (9,400) (8,670)
Sprott Facility interest paid (293) (1,301)
Convertible note interest paid (826) (687)
Costs associated with repayment of debt and Convertible Notes (128) 0
Lease payments made (70) (78)
Share unit cash settlement   (191)
Cash received from Waterberg partners 348 1,321
Net cash flows from (used in) financing activities 14,629 15,664
INVESTING ACTIVITIES    
Performance bonds (38) (36)
Investment in Lion (250) (350)
Expenditures incurred on Waterberg Project (3,183) (2,916)
Net cash flows from (used in) investing activities (3,471) (3,302)
Net increase in cash 7,358 8,538
Effect of foreign exchange on cash 211 (857)
Cash, beginning of period 6,059 1,308
Cash end of period $ 13,628 $ 8,989