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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Aug. 31, 2020
OPERATING ACTIVITIES      
Loss for the year $ (8,243) $ (13,063) $ (7,128)
Add items not affecting cash / adjustments:      
Depreciation 91 122 177
Interest expense 1,650 5,066 5,493
Unrealized foreign exchange (loss) (645) (1,058) 128
Loss on fair value of derivatives and other instruments (12) (52) (3,203)
Loss on repayment of debt and Convertible Notes 135 (189) 0
Gain on extension of Sprott Facility 0 348 0
Deferred income tax expense (7) 55 72
Stock compensation expense 2,164 3,184 1,569
Share of joint venture expenditures 253 343 369
Directors' fees paid in deferred share units 161 152 142
Write-off costs associated with prospecting right closures 223 0 0
Net change in non-cash working capital (239) (2,962) (739)
Net cash flows from (used in) operating activities (4,469) (8,054) (3,120)
FINANCING ACTIVITIES      
Proceeds from issuance of equity 25,869 27,949 5,705
Equity issuance costs (1,555) (1,546) (514)
Cash received from option exercises 237 1,485 0
Cash received from warrant exercises 0 0 48
Sprott Facility principal repayments (9,400) (10,600) 0
Sprott Facility interest paid (293) (1,589) (2,237)
Convertible note interest paid (826) (1,374) 0
Costs associated with repayment of debt and Convertible Notes (126) (318) (40)
Lease payments made (87) (91) (66)
Share unit cash settlement 0 (151) 0
Cash received from Waterberg partners 642 1,829 1,697
Net cash flows from (used in) financing activities 14,461 15,594 4,593
INVESTING ACTIVITIES      
Performance bonds (48) (43) (67)
Investment in Lion (250) (350) (350)
Expenditures incurred on Waterberg Project (3,359) (2,415) (4,953)
Net cash flows from (used in) investing activities (3,657) (2,808) (5,370)
Net increase (decrease) in cash 6,335 4,732 (3,897)
Effect of foreign exchange on cash (64) 19 (345)
Cash, beginning of year 6,059 1,308 5,550
Cash, end of year $ 12,330 $ 6,059 $ 1,308