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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Aug. 31, 2021
OPERATING ACTIVITIES      
Loss for the year $ (5,663) $ (8,243) $ (13,063)
Add items not affecting cash / adjustments:      
Depreciation 83 91 122
Interest expense 0 1,650 5,066
Unrealized foreign exchange (gain) loss (340) (645) (1,058)
Gain on fair value of derivatives and other instruments 0 (12) (52)
Loss on repayment of debt and convertible notes 0 135 (189)
Gain on extension of Sprott Facility 0 0 348
Deferred income tax expense 42 (7) 55
Stock compensation expense 1,981 2,164 3,184
Share of joint venture expenditures 575 253 343
Directors' fees paid in deferred share units 177 161 152
Write-off costs associated with prospecting right closure 0 223 0
Net change in non-cash working capital (645) (239) (2,962)
Net cash flows from (used in) operating activities (3,790) (4,469) (8,054)
FINANCING ACTIVITIES      
Proceeds from issuance of equity 1,975 25,869 27,949
Equity issuance costs (448) (1,555) (1,546)
Cash received from option exercises 81 237 1,485
Share unit cash settlement (40) 0 (151)
Sprott Facility principal repayments 0 (9,400) (10,600)
Sprott Facility interest paid 0 (293) (1,589)
Convertible note interest paid 0 (826) (1,374)
Costs associated with repayment of debt and convertible debt 0 (126) (318)
Lease payments made (88) (87) (91)
Cash received from Waterberg partners 2,221 642 1,829
Net cash flows from (used in) financing activities 3,701 14,461 15,594
INVESTING ACTIVITIES      
Performance bonds (53) (48) (43)
Investment in Lion (575) (250) (350)
Expenditures incurred on Waterberg Project (4,446) (3,359) (2,415)
Net cash flows from (used in) investing activities (5,074) (3,657) (2,808)
Net (decrease) increase in cash (5,163) 6,335 4,732
Effect of foreign exchange on cash (178) (64) 19
Cash, beginning of year 12,330 6,059 1,308
Cash, end of year $ 6,989 $ 12,330 $ 6,059