Share capital (Tables)

6 Months Ended

May 31, 2017

Equity [Abstract]

Schedule of Common Shares Issued and Outstanding [Table Text Block]

in thousands of dollars, except share amounts

			Ascribed value
	Number of shares		$
November 30, 2015		104,796,421		136,040
Exercise of options		162,854		65
Restricted Share Units		108,399		34
Deferred Share Units		218,795		218
November 30, 2016		105,286,469		136,357
Exercise of options		58,822		23
Restricted Share Units		209,198		83
May 31, 2017, issued and outstanding		105,554,489		136,463

Schedule of Stock Options, Valuation Assumptions [Table Text Block]

	May 31, 2017
Risk-free interest rates		0.89	%
Exercise price		CDN$0.72
Expected life		3.0 years
Expected volatility		74.3	%
Expected dividends		Nil

Schedule of Stock Options Activity [Table Text Block]

A summary of the Company’s stock option plan and changes during the period ended is as follows:

			May 31, 2017
			Weighted average
			exercise price
	Number of options		$
Balance – beginning of period		6,049,433		0.50
Granted		1,695,000		0.53
Exercised		(175,938)		0.34
Forfeited		(149,169)		0.41
Balance – end of period		7,419,326		0.51

Schedule of Disclosure of Stock Options Outstanding [Table Text Block]

The following table summarizes information about the stock options outstanding at May 31, 2017.

	Outstanding						Exercisable				Unvested
					Weighted				Weighted
			Weighted		average				average
	Number of		average		exercise		Number of		exercise		Number of
Range of	outstanding		years to		price		exercisable		price		unvested
price	options		expiry		$		options		$		options
$0.33 to $0.50		4,427,660		3.21		0.38		3,748,490		0.39		679,170
$0.51 to $1.00		2,936,666		3.55		0.69		2,209,993		0.75		726,673
$1.01 to $1.47		55,000		0.92		1.47		55,000		1.47		-
		7,419,326		3.33		0.51		6,013,483		0.53		1,405,843

Schedule of NovaGold Arrangement Options Activity [Table Text Block]

A summary of the NovaGold Arrangement Options and changes during the period ended is as follows:

			May 31, 2017
			Weighted average
			exercise price
	Number of options		$
Balance – beginning of period		312,195		4.26
Expired		(312,195)		4.26
Balance – end of period		-		-

Schedule Of Sunward Arrangement Stock Options Outstanding [Table Text Block]

A summary of the Company’s unit plans and changes during the period ended is as follows:

	Number of RSUs		Number of DSUs
Balance – beginning of period		400,001		925,390
Granted		600,000		72,241
Vested/paid		(399,999)		-
Balance – end of period		600,002		997,631

Schedule of Warrants, Activity [Table Text Block]

A summary of the Company’s warrants and changes during the three months ended May 31, 2017 is as follows:

					Weighted
			Weighted		average exercise
	Number of		average years to		price
	Warrants		expiry		$
Balance – beginning of period		6,521,740		2.35		1.60
Balance – end of period		6,521,740		2.35		1.60