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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2022
Sep. 30, 2022
Sep. 30, 2021
Operating activities      
Net loss for the period/year $ (2,204) $ (17,346) $ (15,006)
Items not involving cash:      
Depreciation 29 72 5
Depletion 216 1,756 164
Interest expense 285 633  
Other (income)/expense 13 (545) (64)
Share-based compensation 1,078 3,146 2,995
Change in fair value of short-term investments (1,060) 569 168
Change in fair value of derivative liabilities (278) (4,588) 1,511
Gain on loan modification   (316)  
Impairment of royalty   3,821  
Share of loss in associate (1) 296  
Dilution gain in associate   (100)  
Deferred tax recovery (435) (129)  
Unrealized foreign exchange gain 42 (415) (28)
Net changes in non-cash working capital items:      
Accounts receivables 389 (655) (150)
Prepaids and other receivables 439 2,889 (1,485)
Accounts payable and accrued liabilities (3,043) (8,350) 23
Due to former parent company     (83)
Cash used in operating activities (4,530) (19,262) (11,950)
Investing activities      
Restricted cash released   1,815  
Interest received     64
Dividend received 28    
Investment in royalties and other mineral interests (12) (19,682) 9,390
Acquisition of Ely Gold Royalties Inc., net of cash acquired     (58,247)
Investment in marketable securities (44) (799)  
Long-term investments acquired     (1,587)
Proceeds on disposition of marketable securities 4,531 17,659  
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 481 1,630  
Purchase of equipment   (28) (2)
Proceeds on disposition of other mineral interests 16    
Payment of lease obligations     3
Cash provided by investing activities 5,000 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 (197) (342)  
Proceeds from exercise of common share purchase warrants   856 39
Payment of lease obligations (25) (60)  
Dividends (1,439) (4,032)  
Repurchase of call options (8)    
Changes in balances with former parent company     (38)
Cash provided by / (used in) financing activities (1,669) 5,825 90,946
Effect of exchange rate changes on cash (2) 1 36
Net increase (decrease) in cash (1,201) (2,857) 9,867
Beginning of period/year 7,048 9,905 38
End of period/year $ 5,847 $ 7,048 $ 9,905