NovaGold Resources (NG) 10-Q 3 Oct 23 2023 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Aug. 31, 2023	Sep. 26, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Aug. 31, 2023
Document Transition Report	false
Entity File Number	001-31913
Entity Registrant Name	NOVAGOLD RESOURCES INC
Entity Incorporation, State or Country Code	A1
Entity Address, Address Line One	201 South Main Street, Suite 400
Entity Address, City or Town	Salt Lake City
Entity Address, State or Province	UT
Entity Address, Postal Zip Code	84111
City Area Code	801
Local Phone Number	639-0511
Title of 12(b) Security	Common Shares, no par value
Trading Symbol	NG
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		334,181,149
Entity Central Index Key	0001173420
Current Fiscal Year End Date	--11-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Interim

Condensed Consolidated Interim Balance Sheets (Unaudited) - USD ($) $ in Thousands	Aug. 31, 2023	Nov. 30, 2022
ASSETS
Cash and cash equivalents	$ 44,079	$ 63,882
Term deposits	86,000	62,000
Notes receivable (Note 4)	0	24,421
Other assets (Note 6)	1,816	2,235
Current assets	131,895	152,538
Investment in Donlin Gold (Note 5)	3,099	3,848
Other assets (Note 6)	3,139	2,803
Total assets	138,133	159,189
Liabilities [Abstract]
Accounts payable and accrued liabilities	1,654	769
Accrued payroll and related benefits	1,936	2,532
Other liabilities (Note 8)	370	1,298
Current liabilities	3,960	4,599
Promissory note (Note 7)	133,274	123,685
Other liabilities (Note 8)	858	1,002
Total liabilities	138,092	129,286
Commitments and Contingencies
EQUITY
Common shares	1,985,663	1,983,962
Contributed surplus	87,691	82,866
Accumulated deficit	(2,048,890)	(2,012,508)
Accumulated other comprehensive loss	(24,423)	(24,417)
Total equity	41	29,903
Total liabilities and equity	$ 138,133	$ 159,189

Condensed Consolidated Interi_2

Condensed Consolidated Interim Statements of Loss and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022
Operating expenses:
General and administrative (Note 10)	$ 5,243	$ 4,872	$ 16,385	$ 15,420
Equity loss – Donlin Gold (Note 5)	3,978	9,412	15,996	21,893
Operating Expense	9,221	14,284	32,381	37,313
Loss from operations	(9,221)	(14,284)	(32,381)	(37,313)
Interest expense on promissory note	(3,433)	(2,198)	(9,589)	(5,394)
Accretion of notes receivable	145	212	579	631
Other income (expense), net (Note 11)	1,435	147	5,084	988
Loss before income taxes	(11,074)	(16,123)	(36,307)	(41,088)
Income tax expense	0	0	(75)	0
Net loss	(11,074)	(16,123)	(36,382)	(41,088)
Other comprehensive income (loss):
Foreign currency translation adjustments	85	(761)	(6)	(497)
Comprehensive loss	$ (10,989)	$ (16,884)	$ (36,388)	$ (41,585)
Net loss per common share – basic and diluted (in dollars per share)	$ (0.03)	$ (0.05)	$ (0.11)	$ (0.12)
Weighted average shares outstanding
Basic and diluted (thousands) (in shares)	334,158	333,337	334,022	333,172

Condensed Consolidated Interi_3

Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022
Operating activities:
Net loss	$ (11,074)	$ (16,123)	$ (36,382)	$ (41,088)
Adjustments:
Equity loss – Donlin Gold	3,978	9,412	15,996	21,893
Share-based compensation	2,225	2,105	6,526	6,301
Interest expense on promissory note	3,433	2,198	9,589	5,394
Foreign exchange (gain) loss	21	(423)	(15)	(264)
Accretion of notes receivable	(145)	(212)	(579)	(631)
Gain on sale of mineral property	0	0	(556)	0
Change in fair value of marketable securities	45	647	(333)	(66)
Other operating adjustments	4	2	43	0
Net change in operating assets and liabilities (Note 14)	210	750	(254)	(1,506)
Net cash used in operating activities	(1,303)	(1,644)	(5,965)	(9,967)
Investing activities:
Proceeds from term deposits	0	62,000	62,000	78,000
Purchases of term deposits	(24,000)	(62,000)	(86,000)	(70,000)
Proceeds from note receivable	25,000	0	25,000	0
Funding of Donlin Gold	(2,475)	(8,438)	(15,247)	(24,925)
Proceeds from sale of mineral property	0	0	556	0
Acquisition of property and equipment	(133)	0	(147)	0
Net cash provided by (used in) investing activities	(1,608)	(8,438)	(13,838)	(16,925)
Financing activities:
Withholding tax on share-based compensation	0	0	0	(2,122)
Net cash used in financing activities	0	0	0	(2,122)
Effect of exchange rate changes on cash and cash equivalents	36	(278)	0	(178)
Decrease in cash and cash equivalents	(2,875)	(10,360)	(19,803)	(29,192)
Cash and cash equivalents at beginning of period	46,954	72,292	63,882	91,124
Cash and cash equivalents at end of period	$ 44,079	$ 61,932	$ 44,079	$ 61,932

Condensed Consolidated Interi_4

Condensed Consolidated Interim Statements of Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
November 30, 2022 (in shares) at Nov. 30, 2021	332,416
November 30, 2022 at Nov. 30, 2021	$ 1,978,520	$ 82,216	$ (1,959,165)	$ (23,289)	$ 78,282
Share-based compensation	$ 0	2,091	0	0	2,091
Stock options exercised (in shares)	144
Stock options exercised	$ 550	(550)	0	0	0
Net loss	0	0	(9,995)	0	(9,995)
Other comprehensive income	0	0	0	178	178
Share-based compensation	$ 0	2,091	0	0	2,091
Deferred share units (DSUs) settled in shares (in shares)	430
Deferred share units (DSUs) settled in shares	$ 1,731	(1,731)	0	0	0
Other comprehensive income	0	0	0	178	178
Performance share units (PSUs) settled in shares	1,731	(1,731)	0	0	0
Withholding tax on PSUs	$ 0	(2,122)	0	0	(2,122)
February 28, 2023 (in shares) at Feb. 28, 2022	332,990
February 28, 2023 at Feb. 28, 2022	$ 1,980,801	79,904	(1,969,160)	(23,111)	68,434
November 30, 2022 (in shares) at Nov. 30, 2021	332,416
November 30, 2022 at Nov. 30, 2021	$ 1,978,520	82,216	(1,959,165)	(23,289)	78,282
Net loss					(41,088)
February 28, 2023 (in shares) at Aug. 31, 2022	333,337
February 28, 2023 at Aug. 31, 2022	$ 1,981,785	83,130	(2,000,253)	(23,786)	40,876
November 30, 2022 (in shares) at Feb. 28, 2022	332,990
November 30, 2022 at Feb. 28, 2022	$ 1,980,801	79,904	(1,969,160)	(23,111)	68,434
Share-based compensation	0	2,105	0	0	2,105
Stock options exercised	984	(984)	0	0	0
Net loss	0	0	(14,970)	0	(14,970)
Other comprehensive income	0	0	0	86	86
Share-based compensation	$ 0	2,105	0	0	2,105
Deferred share units (DSUs) settled in shares (in shares)	347
Other comprehensive income	$ 0	0	0	86	86
February 28, 2023 (in shares) at May. 31, 2022	333,337
February 28, 2023 at May. 31, 2022	$ 1,981,785	81,025	(1,984,130)	(23,025)	55,655
Share-based compensation	0	2,105	0	0	2,105
Net loss	0	0	(16,123)	0	(16,123)
Other comprehensive income	0	0	0	(761)	(761)
Share-based compensation	0	2,105	0	0	2,105
Other comprehensive income	$ 0	0	0	(761)	(761)
February 28, 2023 (in shares) at Aug. 31, 2022	333,337
February 28, 2023 at Aug. 31, 2022	$ 1,981,785	83,130	(2,000,253)	(23,786)	40,876
November 30, 2022 (in shares) at Nov. 30, 2022	333,753
November 30, 2022 at Nov. 30, 2022	$ 1,983,962	82,866	(2,012,508)	(24,417)	29,903
Share-based compensation	$ 0	2,161	0	0	2,161
Stock options exercised (in shares)	230
Stock options exercised	$ 734	(734)	0	0	0
Net loss	0	0	(10,659)	0	(10,659)
Other comprehensive income	0	0	0	(101)	(101)
Share-based compensation	0	2,161	0	0	2,161
Other comprehensive income	$ 0	0	0	(101)	(101)
February 28, 2023 (in shares) at Feb. 28, 2023	333,983
February 28, 2023 at Feb. 28, 2023	$ 1,984,696	84,293	(2,023,167)	(24,518)	21,304
November 30, 2022 (in shares) at Nov. 30, 2022	333,753
November 30, 2022 at Nov. 30, 2022	$ 1,983,962	82,866	(2,012,508)	(24,417)	$ 29,903
Stock options exercised (in shares)					1,021
February 28, 2023 (in shares) at May. 31, 2023	334,098
February 28, 2023 at May. 31, 2023	$ 1,985,383	85,746	(2,037,816)	(24,508)	$ 8,805
November 30, 2022 (in shares) at Nov. 30, 2022	333,753
November 30, 2022 at Nov. 30, 2022	$ 1,983,962	82,866	(2,012,508)	(24,417)	29,903
Net loss					(36,382)
February 28, 2023 (in shares) at Aug. 31, 2023	334,181
February 28, 2023 at Aug. 31, 2023	$ 1,985,663	87,691	(2,048,890)	(24,423)	41
November 30, 2022 (in shares) at Feb. 28, 2023	333,983
November 30, 2022 at Feb. 28, 2023	$ 1,984,696	84,293	(2,023,167)	(24,518)	21,304
Share-based compensation	$ 0	2,140	0	0	2,140
Stock options exercised (in shares)	115
Stock options exercised	$ 687	(687)	0	0	0
Net loss	0	0	(14,649)	0	(14,649)
Other comprehensive income	0	0	0	10	10
Share-based compensation	0	2,140	0	0	2,140
Other comprehensive income	$ 0	0	0	10	10
February 28, 2023 (in shares) at May. 31, 2023	334,098
February 28, 2023 at May. 31, 2023	$ 1,985,383	85,746	(2,037,816)	(24,508)	8,805
Share-based compensation	$ 0	2,225	0	0	2,225
Stock options exercised (in shares)	35
Stock options exercised	$ 34	(34)	0	0	0
Net loss	0	0	(11,074)	0	(11,074)
Other comprehensive income	0	0	0	85	85
Share-based compensation	$ 0	2,225	0	0	2,225
Deferred share units (DSUs) settled in shares (in shares)	48
Deferred share units (DSUs) settled in shares	$ 246	(246)
Other comprehensive income	0	0	0	85	85
Performance share units (PSUs) settled in shares	$ 246	(246)
February 28, 2023 (in shares) at Aug. 31, 2023	334,181
February 28, 2023 at Aug. 31, 2023	$ 1,985,663	$ 87,691	$ (2,048,890)	$ (24,423)	$ 41

Note 1 - Nature of Operations a

Note 1 - Nature of Operations and Basis of Presentation	3 Months Ended
	Aug. 31, 2023
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	NOTE 1 NATURE OF OPERATIONS AND BASIS OF PRESENTATION NOVAGOLD RESOURCES INC. and its affiliates and subsidiaries (collectively, “NOVAGOLD” or the “Company”) operate in the mining industry, focused on the exploration for and development of gold mineral properties. The Company has no The Condensed Consolidated Interim Financial Statements (“interim statements”) of NOVAGOLD are unaudited. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these interim statements have been included. The results reported in these interim statements are not necessarily indicative of the results that may be reported for the entire year. These interim statements should be read in conjunction with NOVAGOLD’s Consolidated Financial Statements for the year ended November 30, 2022. The year-end balance sheet data was derived from the audited financial statements and certain information and footnote disclosures required by United States generally accepted accounting principles (US GAAP) have been condensed or omitted. The functional currency for the Company’s Canadian operations is the Canadian dollar and the functional currency for the Company’s U.S. operations is the United States dollar. References in these Condensed Consolidated Interim Financial Statements and Notes to $ refer to United States dollars and C$ to Canadian dollars. Dollar amounts are in thousands, except for per share amounts.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	3 Months Ended
	Aug. 31, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Contingent note receivable A portion of the proceeds related to the sale of Galore Creek to a subsidiary of Newmont Corporation (“Newmont”) includes a $75,000 note receivable, contingent upon the approval of a Galore Creek project construction plan by the owner(s). The Company has not assigned a value to the contingent note receivable as management determined that the approval of the Galore Creek project construction was not probable as of the closing of the Galore Creek sale or in subsequent periods. The contingent note will be recognized when, in management’s judgement, it is probable that the payment will occur, and that the amount recorded will not reverse in future periods. Investment in affiliates Investments in unconsolidated ventures over which the Company has the ability to exercise significant influence, but does not control, are accounted for under the equity method and include the Company’s investment in the Donlin Gold project. The Company identified Donlin Gold as a Variable Interest Entity (VIE) as the entity is dependent on funding from its owners. All funding, ownership, voting rights, and power to exercise control is shared equally on a 50/50 basis between the owners of the VIE. Therefore, the Company has determined that it is not the primary beneficiary of the VIE. The Company’s maximum exposure to loss is its equity investment in Donlin Gold. The equity method is a basis of accounting for investments whereby the investment is initially recorded at cost and the carrying value is adjusted thereafter to include the investor’s pro rata share of post-acquisition earnings or losses of the investee, as computed by the consolidation method. Cash funding increases the carrying value of the investment. Profit distributions received or receivable from an investee reduce the carrying value of the investment. Donlin Gold is a non-publicly traded equity investee owning an exploration and development project. Therefore, the Company assesses whether there has been a potential triggering event for other-than-temporary impairment by assessing the underlying assets of the equity investee for recoverability and assessing whether there has been a change in the development plan or strategy for the project. If the underlying assets are not recoverable, the Company will record an impairment charge equal to the difference between the carrying amount of the investee and its fair value. Share-based payments The Company records share-based compensation awards exchanged for employee services at fair value on the date of the grant and expenses the awards in the Consolidated Statements of Loss over the requisite employee service period. The fair values of stock options are determined using a Black-Scholes option pricing model. The fair values of PSUs are determined using a Monte Carlo valuation model. The Company’s estimates may be impacted by certain variables including, but not limited to, stock price volatility, employee stock option exercise behaviors, additional stock option grants, estimates of forfeitures, the Company’s performance, and the Company’s performance in relation to its peers.

Note 3 - Segmented Information

Note 3 - Segmented Information	3 Months Ended
	Aug. 31, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 3 SEGMENTED INFORMATION Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-maker. The chief operating decision-maker, who is responsible for allocating resources and assessing performance of the operating segments, has been identified as the Chief Executive Officer. The Chief Executive Officer considers the business from a geographic perspective considering the performance of our investment in the Donlin Gold project in Alaska, USA (Note 5).

Note 4 - Notes Receivable

Note 4 - Notes Receivable	3 Months Ended
	Aug. 31, 2023
Notes to Financial Statements
Financing Receivables [Text Block]	NOTE 4 NOTES RECEIVABLE On July 27, 2018, the Company sold its interest in the Galore Creek project to Newmont for cash proceeds of $100,000, a $75,000 note receivable due on the earlier of the completion of a Galore Creek pre-feasibility study or July 27, 2021, a $25,000 note receivable due on the earlier of the completion of a Galore Creek feasibility study or July 31, 2023, and a contingent note for $75,000 upon approval of a Galore Creek project construction plan by the owner(s). The Company received from Newmont $75,000 on July 27, 2021 and $25,000 on July 27, 2023. A contingent note for $75,000 is receivable upon approval of a Galore Creek project construction plan by the owner(s). No

Note 5 - Investment in Donlin G

Note 5 - Investment in Donlin Gold	3 Months Ended
	Aug. 31, 2023
Notes to Financial Statements
Equity Method Investments and Joint Ventures Disclosure [Text Block]	NOTE 5 INVESTMENT IN DONLIN GOLD The Donlin Gold project is owned and operated by Donlin Gold, a limited liability company in which wholly-owned subsidiaries of NOVAGOLD and Barrick each own a 50% interest. Donlin Gold has a board of four two two Changes in the Company’s Investment in Donlin Gold Three months ended August 31, Nine months ended August 31, 2023 2022 2023 2022 Balance – beginning of period $ 4,602 $ 7,582 $ 3,848 $ 3,576 Share of losses: Mineral property expenditures (3,827 ) (9,280 ) (15,542 ) (21,567 ) Depreciation (141 ) (120 ) (424 ) (291 ) Accretion (10 ) (12 ) (30 ) (35 ) (3,978 ) (9,412 ) (15,996 ) (21,893 ) Funding 2,475 8,438 15,247 24,925 Balance – end of period $ 3,099 $ 6,608 $ 3,099 $ 6,608 The following amounts represent the Company’s 50% share of the assets and liabilities of Donlin Gold. Donlin Gold capitalized the initial contribution of the Donlin Gold property as Non-current assets: Mineral property As of August 31, As of November 30, 2023 2022 Current assets: Cash, prepaid expenses and other receivables $ 3,359 $ 4,220 Non-current assets: Right-of-use assets, property and equipment 1,600 2,036 Non-current assets: Mineral property 32,615 32,615 Current liabilities: Accounts payable, accrued liabilities and lease obligations (1,744 ) (2,322 ) Non-current liabilities: Reclamation and lease obligations (731 ) (701 ) Net assets $ 35,099 $ 35,848

Note 6 - Other Assets

Note 6 - Other Assets	3 Months Ended
	Aug. 31, 2023
Notes to Financial Statements
Other Assets Disclosure [Text Block]	NOTE 6 OTHER ASSETS As of August 31, 2023 As of November 30, 2022 Other current assets: Accounts receivable $ 323 $ 301 Interest receivable 1,005 62 Receivable from Donlin Gold 233 574 Prepaid expenses 255 1,298 $ 1,816 $ 2,235 Other long-term assets: Marketable equity securities $ 2,174 $ 1,845 Right-of-use assets 804 939 Office equipment 161 19 $ 3,139 $ 2,803

Note 7 - Promissory Note

Note 7 - Promissory Note	3 Months Ended
	Aug. 31, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 7 PROMISSORY NOTE The Company has a promissory note payable to Barrick of $133,274, comprised of $51,576 in principal, and $81,698 in accrued interest at U.S. prime plus 2%. The promissory note resulted from the agreement that led to the formation of Donlin Gold, where the Company agreed to reimburse Barrick for a portion of their expenditures incurred from April 1, 2006 to November 30, 2007. The promissory note and accrued interest are payable from 85% of the Company’s share of revenue from future mine production or from any net proceeds resulting from a reduction of the Company’s interest in Donlin Gold. The carrying value of the promissory note approximates fair value.

Note 8 - Other Liabilities

Note 8 - Other Liabilities	3 Months Ended
	Aug. 31, 2023
Notes to Financial Statements
Other Liabilities Disclosure [Text Block]	NOTE 8 OTHER LIABILITIES As of August 31, 2023 As of November 30, 2022 Other current liabilities: Remediation liabilities $ 181 $ 1,156 Lease obligations 189 142 $ 370 $ 1,298 Other long-term liabilities: Remediation liabilities $ 200 $ 200 Lease obligations 658 802 $ 858 $ 1,002

Note 9 - Fair Value Accounting

Note 9 - Fair Value Accounting	3 Months Ended
	Aug. 31, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE 9 FAIR VALUE ACCOUNTING Financial instruments measured at fair value are classified into one of three levels in the fair value hierarchy according to the significance of the inputs used in making the measurement. The three levels of the fair value hierarchy are as follows: Level 1 Level 2 Level 3 The Company’s financial instruments consist of cash and cash equivalents, term deposits, accounts receivable, receivable from Donlin Gold, marketable equity securities, accounts payable and accrued liabilities, and a promissory note. The fair value of the promissory note approximates its carrying value based on accrued interest at U.S. prime plus 2% and the terms for repayment from future mine production or from any net proceeds resulting from a reduction of the Company’s interest in Donlin Gold. The fair value of the Company’s other financial instruments approximates their carrying value due to the short‐term nature of their maturity. The Company’s financial instruments initially measured at fair value and then held at amortized cost include cash and cash equivalents, term deposits, accounts receivable, receivable from Donlin Gold, accounts payable and accrued liabilities, and a promissory note. The Company’s marketable equity securities are valued using quoted market prices in active markets and as such are classified within Level 1 of the fair value hierarchy. The fair value of the marketable equity securities was $2,174 as of August 31, 2023 ($1,845 as of November 30, 2022), calculated as the quoted market price of the marketable equity security multiplied by the quantity of shares held by the Company.

Note 10 - General and Administr

Note 10 - General and Administrative Expenses	3 Months Ended
	Aug. 31, 2023
Notes to Financial Statements
General and Administrative Expenses [Text Block]	NOTE 10 GENERAL AND ADMINISTRATIVE EXPENSES Three months ended August 31, Nine months ended August 31, 2023 2022 2023 2022 Share-based compensation (Note 12) $ 2,225 $ 2,105 $ 6,526 $ 6,301 Salaries and benefits 1,691 1,607 5,149 5,033 Office expense 783 750 2,488 2,228 Professional fees 375 162 1,236 922 Corporate communications and regulatory 167 246 981 930 Depreciation 2 2 5 6 $ 5,243 $ 4,872 $ 16,385 $ 15,420

Note 11 - Other Income (Expense

Note 11 - Other Income (Expense), Net	3 Months Ended
	Aug. 31, 2023
Notes to Financial Statements
Other Income and Other Expense Disclosure [Text Block]	NOTE 11 OTHER INCOME (EXPENSE), NET Three months ended August 31, Nine months ended August 31, 2023 2022 2023 2022 Interest and dividend income $ 1,501 $ 371 $ 4,180 $ 658 Gain on sale of mineral property — — 556 — Change in fair market value of marketable securities (45 ) (647 ) 333 66 Foreign exchange gain (loss) (21 ) 423 15 264 $ 1,435 $ 147 $ 5,084 $ 988

Note 12 - Share-based Compensat

Note 12 - Share-based Compensation	3 Months Ended
	Aug. 31, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	NOTE 12 SHARE-BASED COMPENSATION Three months ended August 31, Nine months ended August 31, 2023 2022 2023 2022 Stock options $ 1,170 $ 1,195 $ 3,432 $ 3,580 Performance share unit plan 995 855 2,926 2,550 Deferred share unit plan 60 55 168 171 $ 2,225 $ 2,105 $ 6,526 $ 6,301 Stock options A summary of stock options outstanding and activity during the nine months ended August 31, 2023 are as follows: Number of stock options (thousands) Weighted- average exercise price per share Weighted- average remaining contractual term (years) Aggregate intrinsic value November 30, 2022 7,717 $ 6.18 Granted 2,292 5.71 Exercised (1,021 ) 3.79 Cancelled (293 ) 6.79 August 31, 2023 8,695 $ 6.31 2.37 $ 831 Vested and exercisable as of August 31, 2023 4,959 $ 6.23 1.31 $ 831 The following table summarizes other stock option-related information: Nine months ended August 31, 2023 2022 Weighted-average assumptions used to value stock option awards: Expected volatility 48.4 % 46.5 % Expected term of options (years) 4 4 Expected dividend rate — — Risk-free interest rate 3.85 % 1.13 % Expected forfeiture rate 2.8 % 2.9 % Weighted-average grant-date fair value $ 2.40 $ 2.49 Intrinsic value of options exercised $ 2,024 $ 3,630 Cash received from options exercised $ — $ — As of August 31, 2023, the Company had $3,925 of unrecognized compensation cost related to 3,736,000 non-vested stock options expected to be recognized and vest over a period of approximately 2.25 Performance share units A summary of PSU awards outstanding and activity during the nine months ended August 31, 2023 are as follows: Number of PSU awards (thousands) Weighted- average grant day fair value per award Aggregate intrinsic value November 30, 2022 1,257 $ 7.65 Granted 787 5.74 Vested — — Performance adjustment (439 ) 6.96 August 31, 2023 1,605 $ 6.89 $ 751 As of August 31, 2023, the Company had $4,768 of unrecognized compensation cost related to 1,605,000 non-vested PSU awards expected to be recognized and vest over a period of approximately 2.25 years. The following table summarizes other PSU-related information: Nine months ended August 31, 2023 2022 Performance multiplier on PSUs vested — % 93 % Common shares issued (thousands) — 430 Total fair value of common shares issued $ — $ 2,903 Withholding tax paid on PSUs vested $ — $ 2,122

Note 13 - Net Change in Operati

Note 13 - Net Change in Operating Assets and Liabilities	3 Months Ended
	Aug. 31, 2023
Notes to Financial Statements
Net Change in Operating Assets and Liabilities [Text Block]	NOTE 13 NET CHANGE IN OPERATING ASSETS AND LIABILITIES Three months ended August 31, Nine months ended August 31, 2023 2022 2023 2022 Changes in operating assets and liabilities: Other assets $ (422 ) $ 17 $ 432 $ (684 ) Accounts payable and accrued liabilities 1,039 173 885 144 Accrued payroll and related benefits 559 595 (596 ) (860 ) Remediation liabilities (966 ) (35 ) (975 ) (106 ) $ 210 $ 750 $ (254 ) $ (1,506 )

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Aug. 31, 2023
Accounting Policies [Abstract]
Contingent Note Receivable, Policy [Policy Text Block]	A portion of the proceeds related to the sale of Galore Creek to a subsidiary of Newmont Corporation (“Newmont”) includes a $75,000 note receivable, contingent upon the approval of a Galore Creek project construction plan by the owner(s). The Company has not assigned a value to the contingent note receivable as management determined that the approval of the Galore Creek project construction was not probable as of the closing of the Galore Creek sale or in subsequent periods. The contingent note will be recognized when, in management’s judgement, it is probable that the payment will occur, and that the amount recorded will not reverse in future periods.
Equity Method Investments [Policy Text Block]	Investments in unconsolidated ventures over which the Company has the ability to exercise significant influence, but does not control, are accounted for under the equity method and include the Company’s investment in the Donlin Gold project. The Company identified Donlin Gold as a Variable Interest Entity (VIE) as the entity is dependent on funding from its owners. All funding, ownership, voting rights, and power to exercise control is shared equally on a 50/50 basis between the owners of the VIE. Therefore, the Company has determined that it is not the primary beneficiary of the VIE. The Company’s maximum exposure to loss is its equity investment in Donlin Gold.The equity method is a basis of accounting for investments whereby the investment is initially recorded at cost and the carrying value is adjusted thereafter to include the investor’s pro rata share of post-acquisition earnings or losses of the investee, as computed by the consolidation method. Cash funding increases the carrying value of the investment. Profit distributions received or receivable from an investee reduce the carrying value of the investment.Donlin Gold is a non-publicly traded equity investee owning an exploration and development project. Therefore, the Company assesses whether there has been a potential triggering event for other-than-temporary impairment by assessing the underlying assets of the equity investee for recoverability and assessing whether there has been a change in the development plan or strategy for the project. If the underlying assets are not recoverable, the Company will record an impairment charge equal to the difference between the carrying amount of the investee and its fair value.
Share-Based Payment Arrangement [Policy Text Block]	The Company records share-based compensation awards exchanged for employee services at fair value on the date of the grant and expenses the awards in the Consolidated Statements of Loss over the requisite employee service period. The fair values of stock options are determined using a Black-Scholes option pricing model. The fair values of PSUs are determined using a Monte Carlo valuation model. The Company’s estimates may be impacted by certain variables including, but not limited to, stock price volatility, employee stock option exercise behaviors, additional stock option grants, estimates of forfeitures, the Company’s performance, and the Company’s performance in relation to its peers.

Note 5 - Investment in Donlin_2

Note 5 - Investment in Donlin Gold (Tables)	3 Months Ended
	Aug. 31, 2023
Notes Tables
Equity Method Investments [Table Text Block]	Three months ended August 31, Nine months ended August 31, 2023 2022 2023 2022 Balance – beginning of period $ 4,602 $ 7,582 $ 3,848 $ 3,576 Share of losses: Mineral property expenditures (3,827 ) (9,280 ) (15,542 ) (21,567 ) Depreciation (141 ) (120 ) (424 ) (291 ) Accretion (10 ) (12 ) (30 ) (35 ) (3,978 ) (9,412 ) (15,996 ) (21,893 ) Funding 2,475 8,438 15,247 24,925 Balance – end of period $ 3,099 $ 6,608 $ 3,099 $ 6,608 As of August 31, As of November 30, 2023 2022 Current assets: Cash, prepaid expenses and other receivables $ 3,359 $ 4,220 Non-current assets: Right-of-use assets, property and equipment 1,600 2,036 Non-current assets: Mineral property 32,615 32,615 Current liabilities: Accounts payable, accrued liabilities and lease obligations (1,744 ) (2,322 ) Non-current liabilities: Reclamation and lease obligations (731 ) (701 ) Net assets $ 35,099 $ 35,848

Note 6 - Other Assets (Tables)

Note 6 - Other Assets (Tables)	3 Months Ended
	Aug. 31, 2023
Notes Tables
Schedule of Other Assets [Table Text Block]	As of August 31, 2023 As of November 30, 2022 Other current assets: Accounts receivable $ 323 $ 301 Interest receivable 1,005 62 Receivable from Donlin Gold 233 574 Prepaid expenses 255 1,298 $ 1,816 $ 2,235 Other long-term assets: Marketable equity securities $ 2,174 $ 1,845 Right-of-use assets 804 939 Office equipment 161 19 $ 3,139 $ 2,803

Note 8 - Other Liabilities (Tab

Note 8 - Other Liabilities (Tables)	3 Months Ended
	Aug. 31, 2023
Notes Tables
Other Liabilities [Table Text Block]	As of August 31, 2023 As of November 30, 2022 Other current liabilities: Remediation liabilities $ 181 $ 1,156 Lease obligations 189 142 $ 370 $ 1,298 Other long-term liabilities: Remediation liabilities $ 200 $ 200 Lease obligations 658 802 $ 858 $ 1,002

Note 10 - General and Adminis_2

Note 10 - General and Administrative Expenses (Tables)	3 Months Ended
	Aug. 31, 2023
Notes Tables
General and Administrative Expenses [Table Text Block]	Three months ended August 31, Nine months ended August 31, 2023 2022 2023 2022 Share-based compensation (Note 12) $ 2,225 $ 2,105 $ 6,526 $ 6,301 Salaries and benefits 1,691 1,607 5,149 5,033 Office expense 783 750 2,488 2,228 Professional fees 375 162 1,236 922 Corporate communications and regulatory 167 246 981 930 Depreciation 2 2 5 6 $ 5,243 $ 4,872 $ 16,385 $ 15,420

Note 11 - Other Income (Expen_2

Note 11 - Other Income (Expense), Net (Tables)	3 Months Ended
	Aug. 31, 2023
Notes Tables
Schedule of Other Nonoperating Income (Expense) [Table Text Block]	Three months ended August 31, Nine months ended August 31, 2023 2022 2023 2022 Interest and dividend income $ 1,501 $ 371 $ 4,180 $ 658 Gain on sale of mineral property — — 556 — Change in fair market value of marketable securities (45 ) (647 ) 333 66 Foreign exchange gain (loss) (21 ) 423 15 264 $ 1,435 $ 147 $ 5,084 $ 988

Note 12 - Share-based Compens_2

Note 12 - Share-based Compensation (Tables)	3 Months Ended
	Aug. 31, 2023
Notes Tables
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Three months ended August 31, Nine months ended August 31, 2023 2022 2023 2022 Stock options $ 1,170 $ 1,195 $ 3,432 $ 3,580 Performance share unit plan 995 855 2,926 2,550 Deferred share unit plan 60 55 168 171 $ 2,225 $ 2,105 $ 6,526 $ 6,301
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Number of stock options (thousands) Weighted- average exercise price per share Weighted- average remaining contractual term (years) Aggregate intrinsic value November 30, 2022 7,717 $ 6.18 Granted 2,292 5.71 Exercised (1,021 ) 3.79 Cancelled (293 ) 6.79 August 31, 2023 8,695 $ 6.31 2.37 $ 831 Vested and exercisable as of August 31, 2023 4,959 $ 6.23 1.31 $ 831
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Nine months ended August 31, 2023 2022 Weighted-average assumptions used to value stock option awards: Expected volatility 48.4 % 46.5 % Expected term of options (years) 4 4 Expected dividend rate — — Risk-free interest rate 3.85 % 1.13 % Expected forfeiture rate 2.8 % 2.9 % Weighted-average grant-date fair value $ 2.40 $ 2.49 Intrinsic value of options exercised $ 2,024 $ 3,630 Cash received from options exercised $ — $ —
Schedule of Nonvested Performance-Based Units Activity [Table Text Block]	Number of PSU awards (thousands) Weighted- average grant day fair value per award Aggregate intrinsic value November 30, 2022 1,257 $ 7.65 Granted 787 5.74 Vested — — Performance adjustment (439 ) 6.96 August 31, 2023 1,605 $ 6.89 $ 751
Other PSU-related Information [Table Text Block]	Nine months ended August 31, 2023 2022 Performance multiplier on PSUs vested — % 93 % Common shares issued (thousands) — 430 Total fair value of common shares issued $ — $ 2,903 Withholding tax paid on PSUs vested $ — $ 2,122

Note 13 - Net Change in Opera_2

Note 13 - Net Change in Operating Assets and Liabilities (Tables)	3 Months Ended
	Aug. 31, 2023
Notes Tables
Cash Flow, Operating Capital [Table Text Block]	Three months ended August 31, Nine months ended August 31, 2023 2022 2023 2022 Changes in operating assets and liabilities: Other assets $ (422 ) $ 17 $ 432 $ (684 ) Accounts payable and accrued liabilities 1,039 173 885 144 Accrued payroll and related benefits 559 595 (596 ) (860 ) Remediation liabilities (966 ) (35 ) (975 ) (106 ) $ 210 $ 750 $ (254 ) $ (1,506 )

Note 1 - Nature of Operations_2

Note 1 - Nature of Operations and Basis of Presentation (Details Textual) $ in Thousands	9 Months Ended
	Aug. 31, 2023 USD ($)
Revenues, Total	$ 0
Donlin Gold [Member]
Equity Method Investment, Ownership Percentage	50%

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	Aug. 31, 2023	Jul. 27, 2018
Note Receivable Upon Completion of Galore Creek Project Pre-feasibility [Member]
Financing Receivable, after Allowance for Credit Loss	$ 75,000	$ 75,000

Note 4 - Notes Receivable (Deta

Note 4 - Notes Receivable (Details Textual) - USD ($)				3 Months Ended		9 Months Ended
	Jul. 27, 2023	Jul. 27, 2021	Jul. 27, 2018	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022
Proceeds from Collection of Notes Receivable				$ 25,000,000	$ 0	$ 25,000,000	$ 0
Note Receivable Upon Completion of Galore Creek Project Pre-feasibility [Member]
Financing Receivable, after Allowance for Credit Loss			$ 75,000	$ 75,000		$ 75,000
Proceeds from Collection of Notes Receivable	$ 25,000	$ 75,000
Note Receivable Upon Completion of Galore Creek Project Feasibility [Member]
Financing Receivable, after Allowance for Credit Loss			25,000
Note Receivable Upon Approval of Galore Creek Project Construction Plan [Member]
Financing Receivable, after Allowance for Credit Loss			75,000
Notes Receivable, Fair Value Disclosure			0
Galore Creek [Member]
Proceeds from Divestiture of Interest in Subsidiaries and Affiliates			$ 100,000

Note 5 - Investment in Donlin_3

Note 5 - Investment in Donlin Gold (Details Textual) - Donlin Gold [Member] $ in Millions	Aug. 31, 2023 USD ($)
Equity Method Investment, Ownership Percentage	50%
Unconsolidated Ventures, Number of Directors	4
Unconsolidated Ventures, Number of Directors, Selected By the Reporting Entity	2
Equity Method Investment, Aggregate Cost	$ 64
Barrick [Member]
Unconsolidated Ventures, Number of Directors Selected By Venture Partners	2
Barrick [Member]
Equity Method Investment, Ownership Percentage	50%

Note 5 - Investment in Donlin_4

Note 5 - Investment in Donlin Gold - Summary of the Company's Investment in Donlin Gold LLC (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022	Nov. 30, 2022
Current assets: Cash, prepaid expenses, and other receivables	$ 131,895		$ 131,895		$ 152,538
Current liabilities: Accounts payable, accrued liabilities and lease obligations	(1,654)		(1,654)		(769)
Income (Loss) from Equity Method Investments	(3,978)	$ (9,412)	(15,996)	$ (21,893)
Donlin Gold [Member]
Current assets: Cash, prepaid expenses, and other receivables	3,359		3,359		4,220
Non-current assets: Right-of-use assets, property and equipment	1,600		1,600		2,036
Non-current assets: Mineral property	32,615		32,615		32,615
Current liabilities: Accounts payable, accrued liabilities and lease obligations	(1,744)		(1,744)		(2,322)
Non-current liabilities: Reclamation and lease obligations	(731)		(731)		(701)
Net assets	35,099		35,099		$ 35,848
Donlin Gold [Member]
Balance – beginning of period	4,602	7,582	3,848	3,576
Mineral property expenditures	(3,827)	(9,280)	(15,542)	(21,567)
Depreciation	(141)	(120)	(424)	(291)
Accretion	(10)	(12)	(30)	(35)
Income (Loss) from Equity Method Investments	(3,978)	(9,412)	(15,996)	(21,893)
Funding	2,475	8,438	15,247	24,925
Balance – end of period	$ 3,099	$ 6,608	$ 3,099	$ 6,608

Note 6 - Other Assets - Carryin

Note 6 - Other Assets - Carrying Amounts of Other Assets (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Nov. 30, 2022
Interest receivable	$ 1,005	$ 62
Prepaid expenses	255	1,298
Other Assets, Current	1,816	2,235
Other long-term assets:
Marketable equity securities	2,174	1,845
Office equipment	161	19
Other Assets, Noncurrent	3,139	2,803
Other Noncurrent Assets [Member]
Other long-term assets:
Right-of-use assets	804	939
Nonrelated Party [Member]
Accounts receivable	323	301
Related Party [Member]
Accounts receivable	$ 233	$ 574

Note 7 - Promissory Note (Detai

Note 7 - Promissory Note (Details Textual) - Barrick [Member] - Notes Payable, Other Payables [Member] - USD ($) $ in Thousands	6 Months Ended	9 Months Ended
	May 31, 2023	Aug. 31, 2023
Notes Payable		$ 133,274
Debt Instrument, Face Amount		51,576
Interest Payable		$ 81,698
Percentage of Specified Revenue from Which the Promissory Note and Accrued Interest Are Payable		85%
Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	2%	2%

Note 8 - Other Liabilities - Cu

Note 8 - Other Liabilities - Current and Long Term Liabilities (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Nov. 30, 2022
Other current liabilities:
Remediation liabilities	$ 181	$ 1,156
Lease obligations	189	142
Other Liabilities, Current	370	1,298
Other long-term liabilities:
Remediation liabilities	200	200
Lease obligations	658	802
Other Liabilities, Noncurrent	$ 858	$ 1,002

Note 9 - Fair Value Accounting

Note 9 - Fair Value Accounting (Details Textual) - USD ($) $ in Thousands	6 Months Ended	9 Months Ended
	May 31, 2023	Aug. 31, 2023	Nov. 30, 2022
Equity Securities, FV-NI, Current		$ 2,174	$ 1,845
Barrick [Member] | Notes Payable, Other Payables [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	2%	2%

Note 10 - General and Adminis_3

Note 10 - General and Administrative Expense - Summary of General and Administrative Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022
Share-based compensation (Note 12)	$ 2,225	$ 2,105	$ 6,526	$ 6,301
Salaries and benefits	1,691	1,607	5,149	5,033
Office expense	783	750	2,488	2,228
Professional fees	375	162	1,236	922
Corporate communications and regulatory	167	246	981	930
Depreciation	2	2	5	6
General and Administrative Expense	$ 5,243	$ 4,872	$ 16,385	$ 15,420

Note 11 - Other Income (Expen_3

Note 11 - Other Income (Expense), Net - Summary of Other Income (Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022
Interest and dividend income	$ 1,501	$ 371	$ 4,180	$ 658
Gain on sale of mineral property	0	0	556	0
Change in fair market value of marketable securities	(45)	(647)	333	66
Foreign exchange gain (loss)	(21)	423	15	264
Nonoperating Income (Expense)	$ 1,435	$ 147	$ 5,084	$ 988

Note 12 - Share-based Compens_3

Note 12 - Share-based Compensation (Details Textual)	9 Months Ended
	Aug. 31, 2023 USD ($) shares
Share-Based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount | $	$ 3,925,000
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Number of Shares | shares	3,736,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	2 years
Performance Share Units [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	2 years 3 months
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $	$ 4,768
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Outstanding, Number | shares	1,605,000

Note 12 - Share-based Compens_4

Note 12 - Share-based Compensation - Summary of Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022
Share-based Compensation Expense	$ 2,225	$ 2,105	$ 6,526	$ 6,301
Share-Based Payment Arrangement, Option [Member]
Share-based Compensation Expense	1,170	1,195	3,432	3,580
Performance Share Units [Member]
Share-based Compensation Expense	995	855	2,926	2,550
Deferred Share Units [Member]
Share-based Compensation Expense	$ 60	$ 55	$ 168	$ 171

Note 12 - Share-based Compens_5

Note 12 - Share-based Compensation - Summary of Stock Options Outstanding (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended
	May 31, 2023
Balance, options (in shares)	7,717
Balance, weighted average exercise price (in dollars per share)	$ 6.18
Granted, options (in shares)	2,292
Granted, weighted average exercise price (in dollars per share)	$ 5.71
Exercised, options (in shares)	(1,021)
Exercised, weighted average exercise price (in dollars per share)	$ 3.79
Cancelled, options (in shares)	(293)
Cancelled, weighted average exercise price (in dollars per share)	$ 6.79
Balance, options (in shares)	8,695
Balance, weighted average exercise price (in dollars per share)	$ 6.31
Weighted average remaining contractual term (Year)	2 years 4 months 13 days
Aggreagte intrinsic value	$ 831
Vested and exercisable, options (in shares)	4,959
Vested and exercisable, weighted average exercise price (in dollars per share)	$ 6.23
Vested and exercisable, weighted-average remaining contractual term (Year)	1 year 3 months 21 days
Vested and exercisable, aggregate intrinsic value	$ 831

Note 12 - Share-based Compens_6

Note 12 - Share-based Compensation - Other Information Related to Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Expected volatility	48.40%	46.50%
Expected term of options (Year)	4 years	4 years
Expected dividend rate	0%	0%
Risk-free interest rate	3.85%	1.13%
Expected forfeiture rate	2.80%	2.90%
Weighted-average grant-date fair value (in dollars per share)	$ 2.40	$ 2.49
Intrinsic value of options exercised	$ 2,024	$ 3,630
Cash received from options exercised	$ 0	$ 0

Note 12 - Share-based Compens_7

Note 12 - Share-based Compensation - PSU Awards Outstanding and PSU Activity (Details) - Performance Share Units [Member] $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended
	May 31, 2023 USD ($) $ / shares shares
Balance, Numbers of awards (in shares) | shares	1,257
Balance, weighted average grant day fair value per award (in dollars per share) | $ / shares	$ 7.65
Granted, Numbers of awards (in shares) | shares	787
Granted, weighted average grant day fair value per award (in dollars per share) | $ / shares	$ 5.74
Vested, Numbers of awards (in shares) | shares	0
Vested, weighted average grant day fair value per award (in dollars per share) | $ / shares	$ 0
Performance adjustment, Numbers of awards (in shares) | shares	(439)
Performance adjustment, weighted average grant day fair value per award (in dollars per share) | $ / shares	$ 6.96
Balance, Numbers of awards (in shares) | shares	1,605
Balance, weighted average grant day fair value per award (in dollars per share) | $ / shares	$ 6.89
Aggregate intrinsic value | $	$ 751

Note 12 - Share-based Compens_8

Note 12 - Share-based Compensation - Other PSU-related Information (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022
Withholding tax paid on PSUs vested	$ 0	$ 0	$ 0	$ 2,122
Performance Share Units [Member]
Performance multiplier on PSUs vested			0%	93%
Common shares issued (thousands) (in shares)			0	430
Total fair value of common shares issued			$ 0	$ 2,903
Withholding tax paid on PSUs vested			$ 0	$ 2,122

Note 13 - Net Change in Opera_3

Note 13 - Net Change in Operating Assets and Liabilities - Net Change in Operating Assets and Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022
Other assets	$ (422)	$ 17	$ 432	$ (684)
Accounts payable and accrued liabilities	1,039	173	885	144
Accrued payroll and related benefits	559	595	(596)	(860)
Remediation liabilities	(966)	(35)	(975)	(106)
Increase (Decrease) in Operating Capital	$ 210	$ 750	$ (254)	$ (1,506)