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Interim Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
May 31, 2022
May 31, 2021
Cash flows used in operating activities    
Loss for the period $ (9,097) $ (7,929)
Adjustments to reconcile net loss to cash flows in operating activities    
Amortization 11 11
Office lease accounting (8) (5)
Loss on equity investment in Ambler Metals LLC (note 3(b)) 4,370 2,820
Unrealized foreign exchange loss 3 35
Stock-based compensation 2,368 2,672
Write off mineral properties 148  
Net change in non-cash working capital    
Decrease in accounts receivable 7 110
Decrease (increase) in deposits and prepaid amounts (370) (518)
Decrease in accounts payable and accrued liabilities (299) 19
Cash flows used in operating activities (2,867) (2,785)
Cash flows from financing activities    
Proceeds from exercise of options 54 106
Cash flows from financing activities 54 106
Decrease in cash and cash equivalents (2,813) (2,679)
Effect of exchange rate on cash and cash equivalents 2 3
Cash and cash equivalents - beginning of year 6,308 11,125
Cash and cash equivalents - end of the year $ 3,497 $ 8,449