XML 95 R5.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Sep. 30, 2020
Sep. 30, 2021
Operating activities    
Net loss before tax for the year $ (140,631) $ (15,006,235)
Items not involving cash:    
Accretion and depreciation 45 5,183
Depletion of royalties 163,817
Interest income (63,588)
Share-based compensation 2,994,836
Change in fair value of short-term investments 168,431
Change in fair value of derivative liability 1,511,372
Unrealized foreign exchange loss (29,218)
Net changes in non-cash working capital items:    
Accounts receivables (149,818)
Prepaids and other receivables (16,330) (1,484,992)
Accounts payable and accrued liabilities 73,820 23,326
Due to former parent company 83,096 (83,096)
Cash used in operating activities (11,949,982)
Investing activities    
Investment in royalties (9,369,790)
Acquisition of Ely Gold Royalties Inc., net of cash acquired (58,247,027)
Investment in exploration and evaluation assets (20,000)
Long-term investments acquired (1,586,600)
Purchase of equipment (1,632)
Payment of lease obligations (3,722)
Interest received 63,699
Cash used in investing activities (69,165,072)
Financing activities    
Proceeds from common shares issued to former parent company 50,000
Proceeds from private placement of common shares 2,848,750
underwriters’ fees and issuance costs 88,045,784
Proceeds from exercise of common share purchase warrants 39,005
Proceeds from common shares issued 1
Due to former parent company 37,538 (37,538)
Cash provided by financing activities 37,539 90,946,001
Effect of exchange rate changes on cash 36,994
Net increase in cash 37,539 9,867,941
Beginning of year 37,539
End of year $ 37,539 $ 9,905,480