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Change of accounting year (Tables)
3 Months Ended
Dec. 31, 2022
Condensed Financial Information Of Change Of Accounting Year Disclosure [abstract]  
Summary Of Condensed Statements Of Financial Position

 

 

As at December 31,

 

 

2021

 

 

(Unaudited)

 

 

($)

Assets

 

 

Current assets

 

 

Cash and cash equivalents

 

13,826

Restricted cash

 

609

Short-term investments

 

25,057

Accounts receivable

 

364

Prepaids and other receivables

 

4,465

 

 

44,321

Non-current assets

 

 

Royalty and other mineral interests

 

630,182

Long-term investment

 

1,587

Investment in associate

 

1,217

Other long-term assets

 

57

 

 

633,043

 

 

 

 

 

677,364

 

 

 

Liabilities

 

 

Current Liabilities

 

 

Accounts payable and accrued liabilities

 

9,718

 

 

9,718

Non-current liabilities

 

 

Government loan

 

46

Derivative liabilities

 

5,027

Deferred income tax liability

 

136,377

 

 

141,450

 

 

 

 

 

151,168

 

 

 

Equity

 

 

Share Capital

 

527,132

Reserves

 

20,611

Accumulated deficit

 

(21,988)

Accumulated other comprehensive income

 

441

 

 

526,196

 

 

677,364

Summary Of Condensed Statements Changes In Equity

 

 

Number of
Common Shares
(Unaudited)

 

Issued Capital
(Unaudited)
($)

 

Reserves
(Unaudited)
($)

 

Accumulated
 Deficit
(Unaudited)
($)

 

Accumulated
Other
Comprehensive Income
(Unaudited)
($)

 

Total
(Unaudited)
($)

Balance at September 30, 2021

 

72,538,609

 

228,620

 

11,404

 

(15,147)

 

441

 

225,318

Common shares issued to acquire Abitibi Royalties Inc.

 

31,625,931

 

153,702

 

 

 

 

153,702

Common shares issued to acquire Golden Valley Mines and Royalties Ltd.

 

29,478,269

 

143,264

 

 

 

 

143,264

Share options issued on exchange of options of Golden Valley Mines and Royalties Ltd.

 

 

 

8,991

 

 

 

8,991

Common shares issued for marketing services

 

120,000

 

626

 

 

 

 

626

Common shares issued upon exercise of common share purchase warrants

 

164,692

 

760

 

(230)

 

 

 

530

Share-based compensation - performance based restricted shares

 

 

160

 

 

 

 

160

Share-based compensation - share options

 

 

 

446

 

 

 

446

Net loss for the period

 

 

 

 

(6,841)

 

 

(6,841)

Balance at December 31, 2021

 

133,927,501

 

527,132

 

20,611

 

(21,988)

 

441

 

526,196

Summary Of Condensed Statements Of Cash Flows

 

 

For the three months ended

 

 

December 31, 2021

 

 

(Unaudited)

 

 

($)

Operating activities

 

 

Net loss for the period

 

(6,841)

Items not involving cash:

 

 

Depreciation

 

9

Depletion

 

287

Interest expense

 

4

Share-based compensation

 

901

Change in fair value of short-term investments

 

(531)

Change in fair value of derivative liabilities

 

(90)

Share of loss in associate

 

143

Deferred tax expense

 

167

Unrealized foreign exchange gain

 

57

Net changes in non-cash working capital items:

 

 

Accounts receivables

 

48

Prepaids and other receivables

 

565

Accounts payable and accrued liabilities

 

(2,779)

Cash used in operating activities

 

(8,060)

 

 

 

Investing activities

 

 

Restricted cash released

 

1,206

Interest received

 

2

Investment in royalties and other mineral interests

 

(307)

Cash acquired through acquisition of Abitibi Royalties Inc. and Golden Valley Mines and Royalties Ltd.

 

10,393

Proceeds from option agreements

 

436

Cash provided by investing activities

 

11,730

 

 

 

Financing activities

 

 

Proceeds from exercise of common share purchase warrants

 

280

Payment of lease obligations

 

(10)

Cash provided by financing activities

 

270

 

 

 

Effect of exchange rate changes on cash

 

(19)

 

 

 

Net increase in cash

 

3,921

Cash and cash equivalents

 

 

Beginning of period

 

9,905

End of period

 

13,826