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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss for the period $ (40,308) $ (10,887) $ (4,824)
Adjustments for:      
Initial valuation of earnout shares liability 13,195
Change in valuation of earnout shares liability (2,674)
Initial valuation of warrant liabilities 2,987
Accretion of convertible debt 2,157 2,619 1,100
Share-based compensation 1,794 1,745 797
Loss on debt extinguishment 1,422 163
Change in valuation of warrant liabilities 1,414
Yorkville share issuances 663
Foreign exchange loss (gain) 200 329 (661)
Depreciation 3 3
Unrealized loss (gain) on equity securities 1 6 (9)
Noncash lease activity (12) (7) 30
Other gains (13) (196)
Change in financial instrument fair value (32)
Total (19,171) (6,192) (3,632)
Change in working capital items:      
Prepaid expenses (985) (377) 9
Accounts payable and accrued liabilities 2,861 419 (1,103)
Net cash used in operating activities (17,295) (6,150) (4,726)
CASH FLOWS FROM INVESTING ACTIVITIES      
Acquisition of mineral rights (5,468)
Acquisition of land and buildings (16) (837)
Proceeds from sale of assets 21
Net cash provided by (used in) investing activities 21 (16) (6,305)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuance of convertible debt, net of costs 14,857 9,477
Proceeds from issuance of capital stock 2,499 4,737 10,677
Related party debt draws 1,130
Related party debt repayments (3,130) (318) (1,500)
Loan repayments (515) (406)
Share issue costs (204) (118) (174)
Net cash provided by financing activities 14,637 4,301 18,074
Exchange rate effect on cash and cash equivalents (302) (172) (33)
Change in cash and cash equivalents during period (2,939) (2,037) 7,010
Cash and cash equivalents, beginning of period 5,280 7,317 307
Cash and cash equivalents, end of period 2,341 5,280 7,317
Supplemental cash flow information:      
Amounts paid for interest 264 252 873
Amounts paid for income taxes
Non-cash investing and financing transactions:      
Conversion of debt for common shares 5,175 8,807 3,106
Recognition of operating lease liabilities 199 231
Derecognition of operating lease liabilities (22
Accounts payable to note conversion 1,640
Value of warrants issued 3,337 1,795