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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net loss for the year $ (17,346) $ (15,006)
Items not involving cash:    
Depreciation 72 5
Depletion 1,756 164
Interest expense 633  
Other income (545) (64)
Share-based compensation 3,146 2,995
Change in fair value of short-term investments 569 168
Change in fair value of derivative liabilities (4,588) 1,511
Gain on loan modification (316)  
Impairment of royalty 3,821  
Share of loss in associate 296  
Dilution gain in associate (100)  
Deferred tax recovery (129)  
Unrealized foreign exchange loss (415) (28)
Net changes in non-cash working capital items:    
Accounts receivables (655) (150)
Prepaids and other receivables 2,889 (1,485)
Accounts payable and accrued liabilities (8,350) 23
Due to former parent company   (83)
Cash used in operating activities (19,262) (11,950)
Investing activities    
Restricted cash released 1,815  
Investment in royalties and other mineral interests (19,682) (9,390)
Investment in marketable securities (799)  
Long-term investments acquired   (1,587)
Proceeds on disposition of marketable securities 17,659  
Acquisition of Ely Gold Royalties Inc., net of cash acquired   (58,247)
Cash acquired through acquisition of Abitibi Royalties Inc. and Golden Valley Mines and Royalties Ltd. 10,393  
Investment in associate (409)  
Proceeds from option agreements 1,630  
Purchase of equipment (28) (2)
Payment of lease obligations   (3)
Interest received   64
Cash provided by / (used in) investing activities 10,579 (69,165)
Financing activities    
Proceeds from common shares issued to former parent company   50
Proceeds from private placement of common shares   2,849
Proceeds from initial public offering, net of underwriters' fees and issuance costs   88,046
Net proceeds from bank loan 9,403  
Interest paid (342)  
Proceeds from exercise of common share purchase warrants 856 39
Payment of lease obligations (60)  
Dividends (4,032)  
Repayment of cash advance from parent company   (38)
Cash provided by financing activities 5,825 90,946
Effect of exchange rate changes on cash 1 36
Net increase (decrease) in cash (2,857) 9,867
Beginning of year 9,905 38
End of year $ 7,048 $ 9,905