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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2023
Sep. 30, 2022
Sep. 30, 2021
Operating activities        
Net loss for the period/year $ (2,204) $ (26,756) $ (17,346) $ (15,006)
Items not involving cash:        
Depreciation 29 70 72 5
Depletion 216 943 1,756 164
Interest expense 285 1,839 633  
Other (income)/expense 13 (70) (545) (64)
Share-based compensation 1,078 2,806 3,146 2,995
Change in fair value of short-term investments (1,060) 264 569 168
Change in fair value of derivative liabilities (278) (242) (4,588) 1,511
Change in fair value of embedded derivatives   (30)    
(Gain)/loss on loan modification   249 (316)  
Change in fair value of gold-linked loan   (172)    
Impairments of royalties   22,379 3,821  
Share of (gain)/loss in associate (1) (172) 296  
Dilution gain in associate   (12) (100)  
Deferred tax recovery (435) (6,183) (129)  
Unrealized foreign exchange (gain)/loss 42 38 (415) (28)
Operating cash flows before movements in working capital (2,315) (5,049) (13,146) (10,255)
Net changes in non-cash working capital items:        
Accounts receivables 389 (215) (655) (150)
Prepaids and other receivables 439 (1,681) 2,889 (1,485)
Accounts payable and accrued liabilities (3,043) 69 (8,350) 23
Due to former parent company       (83)
Cash used in operating activities (4,530) (6,876) (19,262) (11,950)
Investing activities        
Restricted cash released     1,815  
Interest received   36   64
Dividends received 28 34    
Investment in royalties and other mineral interests (12) (28,701) (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 3,308 17,659  
Cash acquired through acquisition of Abitibi Royalties Inc. and Golden Valley Mines and Royalties Ltd.     10,393  
Investment in associate     (409)  
Land agreements proceeds credited against mineral properties 481 1,835 1,630  
Investment in gold-linked loan   (10,000)    
Purchase of equipment     (28) (2)
Proceeds On Disposition Of Other Mineral Interests 16      
Payment of lease obligations       (3)
Cash provided by / (used in) investing activities 5,000 (33,488) 10,579 (69,165)
Financing activities        
Proceeds from issuance of common shares   1,391 856 2,938
Proceeds from initial public offering, net of underwriters' fees and issuance costs       88,046
Net proceeds from bank loan/(payment of bank loan transaction costs)   (131) 9,403  
Payment of Government Loan   (30)    
Proceeds from convertible debentures, net of issuance costs   38,520    
Interest paid (197) (1,115) (342)  
Payment of lease obligations (25) (76) (60)  
Dividends (1,439) (2,599) (4,032)  
Repurchase of Abitibi call options (8)      
Repayment of cash advance from parent company       (38)
Cash provided by financing activities (1,669) 35,960 5,825 90,946
Effect of exchange rate changes on cash and cash equivalents (2)   1 36
Net increase (decrease) in cash (1,201) (4,404) (2,857) 9,867
Beginning of year 7,048 5,847 9,905 38
End of year $ 5,847 $ 1,443 $ 7,048 $ 9,905