Corvus Gold ULC (KOR) 10-Q 6 Oct 21 2022 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Aug. 31, 2021	Oct. 06, 2021
Document Information [Line Items]
Entity Central Index Key	0001507964
Entity Registrant Name	Corvus Gold Inc.
Amendment Flag	false
Current Fiscal Year End Date	--05-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Aug. 31, 2021
Document Transition Report	false
Entity File Number	001-39437
Entity Incorporation, State or Country Code	A1
Entity Tax Identification Number	98-0668473
Entity Address, Address Line One	1750-700 West Pender Street
Entity Address, City or Town	Vancouver
Entity Address, Country	CA
Entity Address, Postal Zip Code	V6C 1G8
City Area Code	604
Local Phone Number	638-3246
Title of 12(b) Security	Common Shares, no par value
Trading Symbol	KOR
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		127,003,470

Condensed Interim Consolidated

Condensed Interim Consolidated Balance Sheets (Current Period Unaudited)	Aug. 31, 2021CAD ($)	May 31, 2021CAD ($)
Current assets
Cash and cash equivalents	$ 5,227,145	$ 5,121,495
Accounts receivable	57,670	11,741
Prepaid expenses	359,139	499,747
Total current assets	5,643,954	5,632,983
Property and equipment	175,477	73,457
Right-of-use assets	75,052	88,996
Capitalized acquisition costs (note 3)	5,686,525	5,268,783
Total assets	11,581,008	11,064,219
Current liabilities
Accounts payable and accrued liabilities (note 6)	2,445,033	1,835,240
Lease liabilities	72,296	67,287
Note payable (note 4)	12,109,072	5,742,007
Total current liabilities	14,626,401	7,644,534
Asset retirement obligations (note 3)	341,440	326,691
Lease liabilities	13,937	32,600
Total liabilities	14,981,778	8,003,825
Shareholders’ equity (deficit)
Share capital (note 5)	125,012,369	124,919,558
Contributed surplus (note 4)	19,312,157	17,769,880
Accumulated other comprehensive income - cumulative translation differences	849,061	826,016
Deficit accumulated during the exploration stage	(148,574,357)	(140,455,060)
Total shareholders’ equity (deficit)	(3,400,770)	3,060,394
Total liabilities and shareholders’ equity (deficit)	$ 11,581,008	$ 11,064,219

Condensed Interim Consolidate_2

Condensed Interim Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - CAD ($)	3 Months Ended
	Aug. 31, 2021	Aug. 31, 2020
Operating expenses
Administration	$ 0	$ 106
Consulting fees (notes 5 and 6)	812,162	502,964
Depreciation	17,501	14,281
Exploration expenditures (notes 3 and 5)	4,426,263	4,433,234
Insurance	168,519	62,559
Investor relations (notes 5 and 6)	458,449	316,426
Office and miscellaneous	28,569	37,933
Professional fees (note 5)	302,344	158,185
Regulatory	82,460	154,312
Rent	1,130	7,403
Travel	85,530	15,476
Wages and benefits (notes 5 and 6)	1,553,967	506,453
Total operating expenses	(7,936,894)	(6,209,332)
Other income (expenses)
Interest income	1,383	41,699
Interest expense (note 4)	(182,190)	(2,795)
Foreign exchange loss	(1,596)	(340,176)
Total other expenses	(182,403)	(301,272)
Net loss for the period	(8,119,297)	(6,510,604)
Other comprehensive loss
Exchange difference on translating foreign operations	23,045	(358,482)
Comprehensive loss for the period	$ (8,096,252)	$ (6,869,086)
Basic and diluted net loss per share (in CAD per share)	$ (0.06)	$ (0.05)
Weighted average number of shares outstanding (in shares)	126,980,916	123,987,845

Condensed Interim Consolidate_3

Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - CAD ($)	3 Months Ended			9 Months Ended
	Aug. 31, 2021		Aug. 31, 2020	May 31, 2021
Operating activities
Net loss for the period	$ (8,119,297)		$ (6,510,604)	$ (16,609,873)
Add items not affecting cash:
Depreciation	17,501		14,281
Stock-based compensation (note 5)	1,171,147		917,040
Interest expense (note 4)	182,190		2,795
Foreign exchange loss	1,596		340,176
Changes in non-cash items:
Accounts receivable	(45,929)		36,325
Prepaid expenses	140,608		(118,520)
Accounts payable and accrued liabilities	609,793		32,992
Cash used in operating activities	(6,042,391)		(5,285,515)
Financing activities
Share issuance costs	(6,589)		0
Lease liabilities payments	(19,228)		(13,677)
Note payable (note 4)	6,167,500		0
Cash provided by (used in) financing activities	6,141,683		(13,677)
Investing activities
Expenditures on property and equipment	(99,176)		0
Capitalized acquisition costs	(80,589)	[1]	0
Cash used in investing activities	(179,765)		0
Effect of foreign exchange on cash	186,123		(402,149)
Increase (decrease) in cash and cash equivalents	105,650		(5,701,341)
Cash and cash equivalents, beginning of the period	5,121,495		14,913,158	9,211,817
Cash and cash equivalents, end of the period	$ 5,227,145		$ 9,211,817	$ 5,121,495
[1]	Pursuant to a mining lease and option to purchase agreement made effective December 1, 2007 between Corvus Nevada and a group of arm’s length limited partnerships, Corvus Nevada has leased (and has the option to purchase) patented mining claims referred to as the “Mayflower” claims which form part of the North Bullfrog project. The terms of the lease/option are as follows: - Terms: Initial term of five years, commencing December 1, 2007, with the option to extend the lease for an additional five years. Pursuant to an extension agreement dated January 15, 2016 and fully executed and effective as of November 22, 2017, the parties agreed to extend the lease and option granted for an additional ten years with the same lease payment terms. - Lease Payments: Corvus Nevada will pay USD 10,000 and deliver 50,000 common shares of ITH annually (subject to the anti-dilution noted below). - Anti-Dilution: Pursuant to an amended agreement agreed to by the lessors in March 2015, the Company, all future payments will be satisfied by the delivery of an additional ½ Common Shares of the Company for each of the ITH common shares due per the original agreement (25,000 Common Shares of the Company) annually. Pursuant to the amendment to the lease entered into on September 12, 2021, dated effective August 12, 2021, upon an acquisition transaction of Corvus, the share payment of 25,000 Common Shares of the Company and the share payment of 50,000 common shares of ITH is automatically converted into a cash payment equal to the share value equivalent using the price per share in the acquisition transaction for the shares of the Company and a price per share equal to the 10-day volume weighted average price of the ITH common shares calculated as of the end of the last trading day immediately preceding the payment due date. If an acquisition transaction of ITH occurs, the share payment of 50,000 common shares of ITH is automatically converted into a cash payment equal to the share value equivalent using the price per share in the acquisition transaction for the shares of ITH. - Work Commitments: USD 100,000 per year for the first three years (incurred), USD 200,000 per year for the years four to six (incurred), USD 300,000 for the years seven to ten (incurred) and USD 300,000 for the years 11 – 20 (incurred). Excess expenditures in any year may be carried forward. If Corvus Nevada does not incur the required expenditures in year one, the deficiency is required to be paid to the lessors. - Retained Royalty: Corvus Nevada will pay the lessors a NSR royalty of 2% if the average gold price is USD 400 per ounce or less, 3% if the average gold price is between USD 401 and USD 500 per ounce and 4% if the average gold price is greater than USD 500 per ounce.

Condensed Interim Consolidate_4

Condensed Interim Consolidated Statement of Changes In Equity (Deficit) (Unaudited) - CAD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance (in shares) at May. 31, 2020	123,987,845
Balance at May. 31, 2020	$ 120,960,869	$ 14,857,390	$ 1,578,326	$ (117,334,583)	$ 20,062,002
Net loss for the period	0	0	0	(6,510,604)	(6,510,604)
Exchange difference on translating foreign operations	0	0	(358,482)	0	(358,482)
Stock-based compensation	$ 0	917,040	0	0	917,040
Contributed surplus on note payable (note 4)					0
Balance (in shares) at Aug. 31, 2020	123,987,845
Balance at Aug. 31, 2020	$ 120,960,869	15,774,430	1,219,844	(123,845,187)	14,109,956
Balance (in shares) at May. 31, 2020	123,987,845
Balance at May. 31, 2020	$ 120,960,869	14,857,390	1,578,326	(117,334,583)	$ 20,062,002
Exercise of stock options (in shares)					2,846,500
Balance (in shares) at May. 31, 2021	126,978,470
Balance at May. 31, 2021	$ 124,919,558	17,769,880	826,016	(140,455,060)	$ 3,060,394
Balance (in shares) at Aug. 31, 2020	123,987,845
Balance at Aug. 31, 2020	$ 120,960,869	15,774,430	1,219,844	(123,845,187)	14,109,956
Net loss for the period	0	0	0	(16,609,873)	(16,609,873)
Exchange difference on translating foreign operations	0	0	(393,828)	0	(393,828)
Stock-based compensation	$ 0	3,061,640	0	0	3,061,640
At-the-market offering (in shares)	119,125
At-the-market offering	$ 340,762	0	0	0	340,762
Exercise of stock options (in shares)	2,846,500
Exercise of stock options	$ 2,356,840	0	0	0	2,356,840
Share issued for capitalized acquisition costs (in shares)	25,000
Share issued for capitalized acquisition costs	$ 75,750	0	0	0	75,750
Share issuance costs	(194,869)	0	0	0	(194,869)
Reclassification of contributed surplus on exercise of stock options	1,380,206	(1,380,206)	0	0	0
Contributed surplus on note payable (note 4)	$ 0	314,016	0	0	314,016
Balance (in shares) at May. 31, 2021	126,978,470
Balance at May. 31, 2021	$ 124,919,558	17,769,880	826,016	(140,455,060)	3,060,394
Net loss for the period	0	0	0	(8,119,297)	(8,119,297)
Exchange difference on translating foreign operations	0	0	23,045	0	23,045
Stock-based compensation	$ 0	1,171,147	0	0	$ 1,171,147
Exercise of stock options (in shares)					0
Share issued for capitalized acquisition costs (in shares)	25,000
Share issued for capitalized acquisition costs	$ 99,400	0	0	0	$ 99,400
Share issuance costs	(6,589)	0	0	0	(6,589)
Contributed surplus on note payable (note 4)	$ 0	371,130	0	0	371,130
Balance (in shares) at Aug. 31, 2021	127,003,470
Balance at Aug. 31, 2021	$ 125,012,369	$ 19,312,157	$ 849,061	$ (148,574,357)	$ (3,400,770)

Note 1 - Nature and Continuance

Note 1 - Nature and Continuance of Operations	3 Months Ended
	Aug. 31, 2021
Notes to Financial Statements
Nature of Operations [Text Block]	1. NATURE AND CONTINUANCE OF OPERATIONS On August 25, 2010, The Company was incorporated on April 13, 2010 Business Corporations Act June 1, 2006. The Company is engaged in the business of acquiring, exploring and evaluating mineral properties, and either joint venturing or developing these properties further or disposing of them when the evaluation is completed. At August 31, 2021, The business of mining and exploration involves a high degree of risk and there can be no no not These condensed interim consolidated financial statements have been prepared on a going concern basis, which presume the realization of assets and discharge of liabilities in the normal course of business for the foreseeable future. The Company’s ability to continue as a going concern is dependent upon achieving profitable operations and/or obtaining additional financing. In assessing whether the going concern assumption is appropriate, management takes into account all available information about the future within one The Company has sustained significant losses from operations, has negative cash flows, and has an ongoing requirement for capital investment to explore its mineral properties. As at August 31, 2021, May 31, 2021. 4 August 31, 2021, September 13, 2021, not 10 not 66 2/3% 8.1 2 61 101 not 12 The Company expects that it will need to raise substantial additional capital to accomplish its business plan over the next several years. There is no no not may may may not not These condensed interim consolidated financial statements do not All currency amounts are stated in Canadian dollars unless noted otherwise.

Note 2 - Significant Accounting

Note 2 - Significant Accounting Policies	3 Months Ended
	Aug. 31, 2021
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. SIGNIFICANT ACCOUNTING POLICIES These condensed interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and with the instructions to Form 10 8 03 X Securities Exchange Act of 1934 not May 31, 2021 10 August 31, 2021 three three August 31, 2021 not may May 31, 2022. 2021 not The preparation of these condensed interim consolidated financial statements in conformity with U.S. GAAP requires management to make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of these condensed interim consolidated financial statements, and the reported amounts of revenues and expenses during the period. These judgments, estimates and assumptions are continuously evaluated and are based on management’s experience and knowledge of the relevant facts and circumstances. While management believes the estimates to be reasonable, actual results could differ from those estimates and could impact future results of operations and cash flows. Basis of consolidation These condensed interim consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries (collectively, the “Group”), Corvus Gold (USA) Inc. (“Corvus USA”) (a Nevada corporation), Corvus Nevada (a Nevada corporation), Raven Gold (an Alaska corporation), SoN Land and Water LLC (“SoN”) (a Nevada limited liability company) and Mother Lode Mining Company LLC (a Nevada limited liability company). All intercompany transactions and balances were eliminated upon consolidation. Earnings (loss) per share Basic loss per share is calculated using the weighted average number of Common Shares outstanding during the period. The Company uses the treasury stock method to compute the dilutive effect of options, warrants and similar instruments. Under this method, the dilutive effect on earnings (loss) per share is calculated presuming the exercise of outstanding options, warrants and similar instruments. It assumes that the proceeds of such exercise would be used to repurchase Common Shares at the average market price during the period. However, the calculation of diluted loss per share excludes the effects of various conversions and exercise of options and warrants that would be anti-dilutive. For the period ended August 31, 2021, 2020 not

Note 3 - Mineral Properties

Note 3 - Mineral Properties	3 Months Ended
	Aug. 31, 2021
Notes to Financial Statements
Mineral Industries Disclosures [Text Block]	3. MINERAL PROPERTIES The Company had the following activity related to capitalized acquisition costs: North Bullfrog Mother Lode Total (note 3(a)) (note 3(b)) Balance, May 31, 2021 $ 4,503,297 $ 765,486 $ 5,268,783 Acquisition costs Cash payments (note 3(a)(ii)(1)) 80,589 - 80,589 Shares issued (notes 3(a)(ii)(1) and 5) 99,400 - 99,400 Currency translation adjustments 203,195 34,558 237,753 Balance, August 31, 2021 $ 4,886,481 $ 800,044 $ 5,686,525 The following table presents costs incurred for exploration and evaluation activities for the three August 31, 2021: North Bullfrog Mother Lode Total (note 3(a)) (note 3(b)) Exploration costs: Assay $ 64,235 $ 164,896 $ 229,131 Drilling 1,230,974 519,491 1,750,465 Equipment rental 39,121 33,774 72,895 Field costs 80,600 9,035 89,635 Geological/ Geophysical 256,767 213,992 470,759 Land maintenance & tenure 278,325 112,501 390,826 Permits 650,544 157,836 808,380 Studies 327,917 344,712 672,629 Travel 23,591 14,655 38,246 2,952,074 1,570,892 4,522,966 Cost recovery - (96,703 ) (96,703 ) Total expenditures (recovery) for the period $ 2,952,074 $ 1,474,189 $ 4,426,263 The following table presents costs incurred for exploration and evaluation activities for the three August 31, 2020: North Bullfrog Mother Lode Total (note 3(a)) (note 3(b)) Exploration costs: Assay $ 127,998 $ 263,504 $ 391,502 Drilling 236,471 1,887,281 2,123,752 Equipment rental 17,398 61,909 79,307 Field costs 6,887 307,336 314,223 Geological/ Geophysical 172,275 450,368 622,643 Land maintenance & tenure 275,839 124,103 399,942 Permits 9,403 13,947 23,350 Studies 343,844 109,469 453,313 Travel 5,179 35,361 40,540 1,195,294 3,253,278 4,448,572 Cost recovery - (15,338 ) (15,338 ) Total expenditures (recovery) for the period $ 1,195,294 $ 3,237,940 $ 4,433,234 (a) North Bullfrog Project, Nevada The Company’s North Bullfrog project consists of certain leased patented lode mining claims and federal unpatented mining claims owned 100% by the Company. (i) Interests acquired from Redstar Gold Corp. On October 9, 2009, ten The Company is required to pay annual advance minimum royalty payments (recoupable from production royalties) for as long as there are mining activities continuing on the claims or contiguous claims held by the Company. The required annual advance minimum royalty payments are: ● 39,800 USD ● 17,700 USD (adjusted annually for inflation) The lessor is entitled to receive a separate NSR royalty related to all production from the leased property of the various individual leases which may ● a 4% NSR royalty, which may 1% ● a 2% NSR royalty on all production, which may 1% ● a 3% NSR royalty on all production, which may 1% ● a 3% NSR royalty on all production which may 1% ● a 4% NSR royalty on all production, which may 1% ● a 2% NSR royalty on all production, which may 1% ● a 2% NSR royalty on all production, which may 1% The various NSR royalties above relate only to the property covered by each specific lease and are not The Company has an option to purchase a property related to twelve 1,000,000 4% may 1,250,000 1% 5,000,000 (ii) Interests acquired directly by Corvus Nevada ( 1 Pursuant to a mining lease and option to purchase agreement made effective December 1, 2007 ● Terms five December 1, 2007, five January 15, 2016 November 22, 2017, ten ● Lease Payments ● Anti-Dilution: March 2015, September 12, 2021, August 12, 2021, 10 ● Work Commitments first three four six seven ten 11 20 may not ● Retained Royalty 400 401 500 500 ( 2 Pursuant to a mining lease and option to purchase made effective March 1, 2011 ten ten not March 1, 2021), may 1%. ( 3 Pursuant to a purchase agreement made effective March 28, 2013, five two March 28, 2013). December 31, 2015 ( December 17, 2015). May 31, 2013. ( 4 In December 2013, 30 ( 5 On March 30, 2015, 2014. three seven March 2021). 1% 4% (b) Mother Lode Property, Nevada Pursuant to a purchase agreement made effective June 9, 2017 100% two (c) Alaskan Royalty Interest, Alaska On June 7, 2019, four The general terms of the Alaskan royalty package sale include: ● Chisna project 1% NSR ● LMS project 3% NSR ● Goodpaster District 1% NSR ● West Pogo project 2% NSR. The Company has retained a 1% NSR in the West Pogo project which is immediately west of the operating Pogo mine in the Goodpaster District of Alaska. Acquisitions The acquisition of title to mineral properties is a detailed and time-consuming process. The Company has taken steps, in accordance with industry norms, to verify title to mineral properties in which it has an interest. Although the Company has taken every reasonable precaution to ensure that legal title to its properties is properly recorded in the name of the Company (or, in the case of an option, in the name of the relevant optionor), there can be no Environmental Expenditures The operations of the Company may not Environmental expenditures that relate to ongoing environmental and reclamation programs are charged against earnings as incurred or capitalized and amortized depending on their future economic benefits. Estimated future removal and site restoration costs, when the ultimate liability is reasonably determinable, are charged against earnings over the estimated remaining life of the related business operation, net of expected recoveries. The Company has estimated the fair value of the liability for asset retirement that arose as a result of exploration activities to be $341,440 (USD 270,000) ( May 31, 2021 - not

Note 4 - Note Payable

Note 4 - Note Payable	3 Months Ended
	Aug. 31, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	4. NOTE PAYABLE On May 4, 2021, ● A fixed interest rate of 1.107025% with interest beginning 180 ● Repayment of Loan will be the lesser of 12 ● A minimum of 70% of the Loan amount to be spent on project work ● AngloGold North America is granted an exclusivity period of 90 May 4, 2021 120 July 13, 2021, On May 11, 2021, June 28, 2021, August 31, 2021 During the period ended August 31, 2021, 2020 $nil August 31, 2021, May 31, 2021 - A summary of the note payable activity is as follows: Balance, May 31, 2021 $ 5,742,007 Proceeds from Loan (USD 5,000,000 6,167,500 Allocated to contributed surplus (371,130 ) Accretion expense 178,754 Foreign exchange 391,941 Balance, August 31, 2021 $ 12,109,072 On September 15, 2021, 5,000,000

Note 5 - Share Capital

Note 5 - Share Capital	3 Months Ended
	Aug. 31, 2021
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	5. SHARE CAPITAL Authorized Unlimited Common Shares without par value. Share issuances During the period ended August 31, 2021: On August 23, 2021, 3 1 Stock options Stock options awarded to employees and non-employees by the Company are measured and recognized in the Condensed Interim Consolidated Statement of Operations and Comprehensive Loss over the vesting period. The Company has adopted an incentive stock option plan, first 2010 2019 2010 2010 may 2010 may may not 2010 ten 2010 not five five may 2010 A summary of the status of the stock option plan as of August 31, 2021, May 31, 2021, Three months ended August 31, 2021 Year ended May 31, 2021 Number of Options Weighted Average Exercise Price Number of Options Weighted Average Exercise Price Balance, beginning of the period 12,088,500 $ 2.03 12,345,000 $ 1.54 Granted - - 2,590,000 3.05 Exercised - - (2,846,500 ) (0.83 ) Expired (83,500 ) (2.06 ) - - Balance, end of the period 12,005,000 $ 2.03 12,088,500 $ 2.03 The weighted average remaining contractual life of options outstanding at August 31, 2021 May 31, 2021 – Stock options outstanding are as follows: August 31, 2021 May 31, 2021 Expiry Date Exercise Price Number of Options Exercisable at Period- End Exercise Price Number of Options Exercisable at Period- End September 15, 2021* $ 0.91 925,000 925,000 $ 0.91 925,000 925,000 July 31, 2022 $ 0.77 1,575,000 1,575,000 $ 0.77 1,575,000 1,575,000 October 11, 2022 $ 2.00 20,000 20,000 $ 2.00 20,000 20,000 November 19, 2023 $ 2.06 4,170,000 2,777,220 $ 2.06 4,253,500 2,777,220 April 9, 2024 $ 2.04 400,000 266,400 $ 2.04 400,000 266,400 June 13, 2024 $ 2.18 1,115,000 742,590 $ 2.18 1,115,000 371,295 February 3, 2025 $ 2.09 1,210,000 402,930 $ 2.09 1,210,000 402,930 January 15, 2026 $ 3.05 2,590,000 - $ 3.05 2,590,000 - 12,005,000 6,709,140 12,088,500 6,337,845 *The Company’s share trading policy (the “Policy”) requires that all restricted persons and others who are subject to the Policy refrain from conducting any transactions involving the purchase or sale of the Company’s securities, during the period in any quarter commencing 30 2010 not not ten The Company uses the fair value method for determining stock-based compensation for all options granted during the periods. There were no stock options granted during the period ended August 31, 2021 2020. Stock-based compensation has been allocated to the same expenses as cash compensation paid to the same employees or consultants, as follows: For the three months ended August 31, 2021 2020 Consulting fees $ 542,985 $ 432,741 Exploration expenditures – Geological/geophysical 117,767 82,340 Investor relations 153,211 131,133 Professional fees 11,049 7,506 Wages and benefits 346,135 263,320 $ 1,171,147 $ 917,040

Note 6 - Related Party Transact

Note 6 - Related Party Transactions	3 Months Ended
	Aug. 31, 2021
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	6. RELATED PARTY TRANSACTIONS The Company entered into the following transactions with related parties: For the three months ended August 31, 2021 2020 Consulting fees to CFO $ 162,500 $ 22,500 Wages and benefits to CEO and COO 715,138 184,575 Geological consulting fees, wages and benefits to a company owned by a director in common 296,729 6,504 Directors fees (included in consulting fees) 61,677 38,723 Stock-based compensation to related parties 763,790 634,877 $ 1,999,834 $ 887,179 As at August 31, 2021, May 31, 2021 – These amounts were unsecured, non-interest bearing and had no not The Company has also entered into change of control agreements with officers of the Company. In the case of termination, the officers are entitled to an amount equal to a multiple (ranging from two three one AngloGold Ashanti As of August 31, 2021, On May 4, 2021, 4 August 31, 2021, May 31, 2021 As at August 31, 2021, May 31, 2021 – $nil On September 13, 2021, 66 2/3% 8.1 2 61 101

Note 7 - Geographic Segmented I

Note 7 - Geographic Segmented Information	3 Months Ended
	Aug. 31, 2021
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	7. GEOGRAPHIC SEGMENTED INFORMATION The Company operates in one two Canada United States Total August 31, 2021 Capitalized acquisition costs $ - $ 5,686,525 $ 5,686,525 Property and equipment $ 3,554 $ 171,923 $ 175,477 Right-of-use assets $ 39,227 $ 35,825 $ 75,052 May 31, 2021 Capitalized acquisition costs $ - $ 5,268,783 $ 5,268,783 Property and equipment $ 3,842 $ 69,615 $ 73,457 Right-of-use assets $ 46,149 $ 42,847 $ 88,996 For the three months ended August 31, 2021 2020 Net loss for the period – Canada $ (2,340,159 ) $ (1,835,334 ) Net loss for the period – United States (5,779,138 ) (4,675,270 ) Net loss for the period $ (8,119,297 ) $ (6,510,604 )

Note 8 - Subsidiaries

Note 8 - Subsidiaries	3 Months Ended
	Aug. 31, 2021
Notes to Financial Statements
Subsidiaries [Text Block]	8. SUBSIDIARIES Significant subsidiaries for the periods ended August 31, 2021 2020 Country of Incorporation Principal Activity The Company’s effective interest for 2021 The Company’s effective interest for 2020 Corvus Gold (USA) Inc. USA Holding company 100% 100% Raven Gold Alaska Inc. USA Exploration company 100% 100% Corvus Gold Nevada Inc. USA Exploration company 100% 100% SoN Land & Water LLC USA Exploration company 100% 100% Mother Lode Mining Company LLC USA Exploration company 100% 100%

Note 9 - Supplemental Cash Flow

Note 9 - Supplemental Cash Flow Information	3 Months Ended
	Aug. 31, 2021
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	9. SUPPLEMENTAL CASH FLOW INFORMATION For the three months ended August 31, 2021 2020 Supplemental cash flow information Interest paid (received) $ (1,383 ) $ (41,699 ) Income taxes paid (received) $ - $ - Non-cash financing and investing transactions Shares issued to acquire mineral properties $ 99,400 $ - Contributed surplus on issuance of note payable $ 371,130 $ -

Note 10 - Subsequent Event

Note 10 - Subsequent Event	3 Months Ended
	Aug. 31, 2021
Notes to Financial Statements
Subsequent Events [Text Block]	10. SUBSEQUENT EVENT On September 13, 2021, 66 2/3% 8.1 2 61 101

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Aug. 31, 2021
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Basis of consolidation These condensed interim consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries (collectively, the “Group”), Corvus Gold (USA) Inc. (“Corvus USA”) (a Nevada corporation), Corvus Nevada (a Nevada corporation), Raven Gold (an Alaska corporation), SoN Land and Water LLC (“SoN”) (a Nevada limited liability company) and Mother Lode Mining Company LLC (a Nevada limited liability company). All intercompany transactions and balances were eliminated upon consolidation.
Earnings Per Share, Policy [Policy Text Block]	Earnings (loss) per share Basic loss per share is calculated using the weighted average number of Common Shares outstanding during the period. The Company uses the treasury stock method to compute the dilutive effect of options, warrants and similar instruments. Under this method, the dilutive effect on earnings (loss) per share is calculated presuming the exercise of outstanding options, warrants and similar instruments. It assumes that the proceeds of such exercise would be used to repurchase Common Shares at the average market price during the period. However, the calculation of diluted loss per share excludes the effects of various conversions and exercise of options and warrants that would be anti-dilutive. For the period ended August 31, 2021, 2020 not

Note 3 - Mineral Properties (Ta

Note 3 - Mineral Properties (Tables)	3 Months Ended
	Aug. 31, 2021
Notes Tables
Capitalized Costs Relating to Acquisition Activities Disclosure [Table Text Block]	North Bullfrog Mother Lode Total (note 3(a)) (note 3(b)) Balance, May 31, 2021 $ 4,503,297 $ 765,486 $ 5,268,783 Acquisition costs Cash payments (note 3(a)(ii)(1)) 80,589 - 80,589 Shares issued (notes 3(a)(ii)(1) and 5) 99,400 - 99,400 Currency translation adjustments 203,195 34,558 237,753 Balance, August 31, 2021 $ 4,886,481 $ 800,044 $ 5,686,525
Cost Incurred in Acquisition Exploration and Evaluation Activities Disclosure [Table Text Block]	North Bullfrog Mother Lode Total (note 3(a)) (note 3(b)) Exploration costs: Assay $ 64,235 $ 164,896 $ 229,131 Drilling 1,230,974 519,491 1,750,465 Equipment rental 39,121 33,774 72,895 Field costs 80,600 9,035 89,635 Geological/ Geophysical 256,767 213,992 470,759 Land maintenance & tenure 278,325 112,501 390,826 Permits 650,544 157,836 808,380 Studies 327,917 344,712 672,629 Travel 23,591 14,655 38,246 2,952,074 1,570,892 4,522,966 Cost recovery - (96,703 ) (96,703 ) Total expenditures (recovery) for the period $ 2,952,074 $ 1,474,189 $ 4,426,263 North Bullfrog Mother Lode Total (note 3(a)) (note 3(b)) Exploration costs: Assay $ 127,998 $ 263,504 $ 391,502 Drilling 236,471 1,887,281 2,123,752 Equipment rental 17,398 61,909 79,307 Field costs 6,887 307,336 314,223 Geological/ Geophysical 172,275 450,368 622,643 Land maintenance & tenure 275,839 124,103 399,942 Permits 9,403 13,947 23,350 Studies 343,844 109,469 453,313 Travel 5,179 35,361 40,540 1,195,294 3,253,278 4,448,572 Cost recovery - (15,338 ) (15,338 ) Total expenditures (recovery) for the period $ 1,195,294 $ 3,237,940 $ 4,433,234

Note 4 - Note Payable (Tables)

Note 4 - Note Payable (Tables)	3 Months Ended
	Aug. 31, 2021
Notes Tables
Schedule of Debt [Table Text Block]	Balance, May 31, 2021 $ 5,742,007 Proceeds from Loan (USD 5,000,000 6,167,500 Allocated to contributed surplus (371,130 ) Accretion expense 178,754 Foreign exchange 391,941 Balance, August 31, 2021 $ 12,109,072

Note 5 - Share Capital (Tables)

Note 5 - Share Capital (Tables)	3 Months Ended
	Aug. 31, 2021
Notes Tables
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Three months ended August 31, 2021 Year ended May 31, 2021 Number of Options Weighted Average Exercise Price Number of Options Weighted Average Exercise Price Balance, beginning of the period 12,088,500 $ 2.03 12,345,000 $ 1.54 Granted - - 2,590,000 3.05 Exercised - - (2,846,500 ) (0.83 ) Expired (83,500 ) (2.06 ) - - Balance, end of the period 12,005,000 $ 2.03 12,088,500 $ 2.03
Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block]	August 31, 2021 May 31, 2021 Expiry Date Exercise Price Number of Options Exercisable at Period- End Exercise Price Number of Options Exercisable at Period- End September 15, 2021* $ 0.91 925,000 925,000 $ 0.91 925,000 925,000 July 31, 2022 $ 0.77 1,575,000 1,575,000 $ 0.77 1,575,000 1,575,000 October 11, 2022 $ 2.00 20,000 20,000 $ 2.00 20,000 20,000 November 19, 2023 $ 2.06 4,170,000 2,777,220 $ 2.06 4,253,500 2,777,220 April 9, 2024 $ 2.04 400,000 266,400 $ 2.04 400,000 266,400 June 13, 2024 $ 2.18 1,115,000 742,590 $ 2.18 1,115,000 371,295 February 3, 2025 $ 2.09 1,210,000 402,930 $ 2.09 1,210,000 402,930 January 15, 2026 $ 3.05 2,590,000 - $ 3.05 2,590,000 - 12,005,000 6,709,140 12,088,500 6,337,845
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	For the three months ended August 31, 2021 2020 Consulting fees $ 542,985 $ 432,741 Exploration expenditures – Geological/geophysical 117,767 82,340 Investor relations 153,211 131,133 Professional fees 11,049 7,506 Wages and benefits 346,135 263,320 $ 1,171,147 $ 917,040

Note 6 - Related Party Transa_2

Note 6 - Related Party Transactions (Tables)	3 Months Ended
	Aug. 31, 2021
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	For the three months ended August 31, 2021 2020 Consulting fees to CFO $ 162,500 $ 22,500 Wages and benefits to CEO and COO 715,138 184,575 Geological consulting fees, wages and benefits to a company owned by a director in common 296,729 6,504 Directors fees (included in consulting fees) 61,677 38,723 Stock-based compensation to related parties 763,790 634,877 $ 1,999,834 $ 887,179

Note 7 - Geographic Segmented_2

Note 7 - Geographic Segmented Information (Tables)	3 Months Ended
	Aug. 31, 2021
Notes Tables
Long-lived Assets by Geographic Areas [Table Text Block]	Canada United States Total August 31, 2021 Capitalized acquisition costs $ - $ 5,686,525 $ 5,686,525 Property and equipment $ 3,554 $ 171,923 $ 175,477 Right-of-use assets $ 39,227 $ 35,825 $ 75,052 May 31, 2021 Capitalized acquisition costs $ - $ 5,268,783 $ 5,268,783 Property and equipment $ 3,842 $ 69,615 $ 73,457 Right-of-use assets $ 46,149 $ 42,847 $ 88,996
Net Income (Loss) by Geographic Areas [Table Text Block]	For the three months ended August 31, 2021 2020 Net loss for the period – Canada $ (2,340,159 ) $ (1,835,334 ) Net loss for the period – United States (5,779,138 ) (4,675,270 ) Net loss for the period $ (8,119,297 ) $ (6,510,604 )

Note 8 - Subsidiaries (Tables)

Note 8 - Subsidiaries (Tables)	3 Months Ended
	Aug. 31, 2021
Notes Tables
Schedule of Significant Subsidiaries [Table Text Block]	Country of Incorporation Principal Activity The Company’s effective interest for 2021 The Company’s effective interest for 2020 Corvus Gold (USA) Inc. USA Holding company 100% 100% Raven Gold Alaska Inc. USA Exploration company 100% 100% Corvus Gold Nevada Inc. USA Exploration company 100% 100% SoN Land & Water LLC USA Exploration company 100% 100% Mother Lode Mining Company LLC USA Exploration company 100% 100%

Note 9 - Supplemental Cash Fl_2

Note 9 - Supplemental Cash Flow Information (Tables)	3 Months Ended
	Aug. 31, 2021
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	For the three months ended August 31, 2021 2020 Supplemental cash flow information Interest paid (received) $ (1,383 ) $ (41,699 ) Income taxes paid (received) $ - $ - Non-cash financing and investing transactions Shares issued to acquire mineral properties $ 99,400 $ - Contributed surplus on issuance of note payable $ 371,130 $ -

Note 1 - Nature and Continuan_2

Note 1 - Nature and Continuance of Operations (Details Textual)	Sep. 15, 2021USD ($)	Jun. 28, 2021CAD ($)	Jun. 28, 2021USD ($)	May 11, 2021CAD ($)	May 11, 2021USD ($)	Aug. 31, 2021CAD ($)	Aug. 31, 2021USD ($)	Aug. 31, 2020CAD ($)	Sep. 13, 2021$ / shares	Aug. 31, 2021USD ($)	May 31, 2021CAD ($)	May 04, 2021USD ($)
Working Capital						$ (8,982,447)					$ (2,011,551)
Proceeds from Notes Payable, Total						6,167,500		$ 0
Acquisition of Corvus Gold [Member] | Subsequent Event [Member]
Business Acquisition, Percentage of Voting Interests Acquired									80.50%
Business Acquisition, Share Price (in CAD per share) | $ / shares									$ 4.10
Business Acquisition, Common Shareholder Approval Percentage Required									66.67%
Loan Agreement with AngloGold Ashanti North America Inc [Member]
Proceeds from Notes Payable, Total						6,167,500	$ 5,000,000
Loan Agreement with AngloGold Ashanti North America Inc [Member] | AngioGold [Member]
Line of Credit Facility, Maximum Borrowing Capacity										$ 20,000,000		$ 20,000,000
Proceeds from Notes Payable, Total		$ 6,167,500	$ 5,000,000	$ 6,048,000	$ 5,000,000	$ 12,215,500	$ 10,000,000
Loan Agreement with AngloGold Ashanti North America Inc [Member] | AngioGold [Member] | Subsequent Event [Member]
Proceeds from Notes Payable, Total	$ 5,000,000

Note 2 - Significant Accounti_2

Note 2 - Significant Accounting Policies (Details Textual) - shares	3 Months Ended
	Aug. 31, 2021	Aug. 31, 2020
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	12,005,000	12,345,000

Note 3 - Mineral Properties (De

Note 3 - Mineral Properties (Details Textual) $ / shares in Units, T in Millions		Aug. 12, 2021shares	Jun. 07, 2019CAD ($)	Nov. 22, 2017USD ($)shares	Jun. 09, 2017$ / sharesshares	Mar. 30, 2015USD ($)	Mar. 28, 2013USD ($)T	Mar. 01, 2011USD ($)	Oct. 09, 2009USD ($)	Dec. 01, 2007USD ($)	Mar. 31, 2015shares	Dec. 31, 2013CAD ($)a	Dec. 31, 2013USD ($)a	Aug. 31, 2021CAD ($)		Aug. 31, 2020CAD ($)	May 31, 2021USD ($)	May 31, 2013CAD ($)	May 31, 2013USD ($)	Aug. 31, 2021USD ($)	May 31, 2021CAD ($)	May 31, 2021USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2019USD ($)	May 29, 2014USD ($)	May 31, 2013USD ($)	Oct. 27, 2008USD ($)	Jun. 16, 2006USD ($)	May 22, 2006USD ($)	May 16, 2006USD ($)	May 08, 2006USD ($)
Payments to Acquire Mineral Rights														$ 80,589	[1]	$ 0
Asset Retirement Obligations, Noncurrent, Total														$ 341,440						$ 270,000	$ 326,691	$ 270,000
EMX Royalty Corporation [Member]
Proceeds From Sale of Royalties			$ 350,000
Legal Fees			31,463
Proceeds from Sale of Royalties, Net Costs			$ 318,537
North Bullfrog [Member]
Unpatented Mineral Claims														100.00%
Payments for Royalties									$ 39,800								$ 17,700
Number of Patented Mining Claims, Available to Purchase																											12
Payments to Acquire Mineral Rights	[1]													$ 80,589
Land Subject to Ground Leases (Acre) | a												1,600	1,600
North Bullfrog [Member] | Nevada Corporation [Member]
Net Smelter Return, Royalty Percentage of Production																									3.00%						3.00%
Purchase Price of Each 1% NSR Royalty																									$ 770,000						$ 850,000
Purchase Price of NSR Royalty																									$ 2,310,000						$ 2,550,000
North Bullfrog [Member] | Redstar Gold Corp. [Member]
Number of Leases									6
Number of Patented Mining Claims Leased									33
Mining Lease Agreement Term of Contract (Year)									10 years
Net Smelter Return, Royalty Percentage of Production																											4.00%	2.00%	2.00%	4.00%	2.00%
Purchase Price of Each 1% NSR Royalty																											$ 1,250,000	$ 1,000,000	$ 1,000,000	$ 1,000,000	$ 1,000,000
Purchase Price of NSR Royalty																											$ 5,000,000	$ 2,000,000	$ 2,000,000	$ 4,000,000	$ 2,000,000
North Bullfrog [Member] | Corvus Gold Nevada Inc. [Member]
Number of Patented Mining Claims Leased								2
Mining Lease Agreement Term of Contract (Year)								10 years
Net Smelter Return, Royalty Percentage of Production						4.00%		2.00%
Purchase Price of Each 1% NSR Royalty						$ 500,000		$ 1,000,000
Purchase Price of NSR Royalty						$ 2,000,000		$ 2,000,000
Lease Term (Year)						3 years				5 years
Additional Lease Term (Year)						7 years				5 years
Mining Lease Agreement Term of Contract, Extension Term (Year)								10 years		10 years
Lease Payment for Patended Mining Claims Upon Extend Lease				$ 10,000
Lease Payments Common Shares Issued Upon Extend Lease (in shares) | shares											25,000
Lease Payment, Common Shares Converted to Cash Payment, Acquisition Transaction (in shares) | shares		25,000
Lease Payment, ITH Common Shares Converted to Cash Payment, Acquisition Transaction (in shares) | shares		50,000
Work Commitments for the First Three Year										$ 100,000
Work Commitments for the Years 4 to 6										200,000
Work Commitments for the years 7 to 10										300,000
Work Commitments for the years 11 to 20										$ 300,000
Percentage of NSR Royalty Required to Pay If Average Gold Price Less than or Equal to USD400 per Ounce										2.00%
Percentage of NSR Royalty Required to Pay If Average Gold Price Between USD401 and USD500 per Ounce										3.00%
Percentage of NSR Royalty Required to Pay if Average Gold Price Greater than USD500 per Ounce										4.00%
Advance Royalties Payment						$ 5,000																	$ 30,000	$ 5,000
Patented Mining Claims, Agreed to Purchase							5
Purchase Agreement Payable							$ 160,000
Price Per Ton Of Overburden to be Stored On Property							0.02
Minimum Storage Capacity of Property (US Ton) | T							12
Notes Payable, Total							$ 240,000											$ 248,832								$ 240,000
Acquisition Costs, Period Cost																		406,240	$ 400,000
Payments to Acquire Mineral Rights																		$ 157,408
Number of Patented Sunflower Claims						3
Lease Agreement, Option to Purchase Property, Purcahse Price						$ 300,000
North Bullfrog [Member] | Corvus Gold Nevada Inc. [Member] | Promissory Note Payable [Member]
Debt Instrument, Interest Rate, Effective Percentage							4.77%
North Bullfrog [Member] | International Tower Hill Mines Ltd. [Member]
Lease Payments Common Shares Issued Upon Extend Lease (in shares) | shares				50,000
Lease Payment, ITH Common Shares Converted to Cash Payment, Acquisition Transaction (in shares) | shares		50,000
Land and Water Rights [Member]
Payments to Acquire Mineral Rights												$ 1,100,118	$ 1,034,626
Mother Lode Property [Member]
Payments to Acquire Mineral Rights	[1]													$ 0
Mother Lode Property [Member] | Goldcorp USA, Inc [Member]
Stock Issued During Period, Shares, Acquisitions (in shares) | shares					1,000,000
Shares Issued, Price Per Share (in CAD per share) | $ / shares					$ 0.81
Mother Lode Property [Member] | Goldcorp USA, Inc [Member]
Net Smelter Return, Royalty Percentage of Production Based on Specified Maximum Gold Price					1.00%
Net Smelter Return, Maximum Gold Price					1,400
Net Smelter Return, Additional Royalty Percentage of Production Based on Specified Minimum Gold Price					1.00%
Net Smelter Return, Total Royalty Percentage of Production					2.00%
Net Smelter Return, Minimum Gold Price					1,400
Chisna Project [Member] | EMX Royalty Corporation [Member]
Net Smelter Return, Royalty Percentage of Production			1.00%
LMS Project [Member] | EMX Royalty Corporation [Member]
Net Smelter Return, Royalty Percentage of Production			3.00%
Goodpaster District [Member] | EMX Royalty Corporation [Member]
Net Smelter Return, Royalty Percentage of Production			1.00%
West Pogo Project [Member]
Net Smelter Return, Royalty Percentage of Production			1.00%
West Pogo Project [Member] | EMX Royalty Corporation [Member]
Net Smelter Return, Royalty Percentage of Production			2.00%
[1]	Pursuant to a mining lease and option to purchase agreement made effective December 1, 2007 between Corvus Nevada and a group of arm’s length limited partnerships, Corvus Nevada has leased (and has the option to purchase) patented mining claims referred to as the “Mayflower” claims which form part of the North Bullfrog project. The terms of the lease/option are as follows: - Terms: Initial term of five years, commencing December 1, 2007, with the option to extend the lease for an additional five years. Pursuant to an extension agreement dated January 15, 2016 and fully executed and effective as of November 22, 2017, the parties agreed to extend the lease and option granted for an additional ten years with the same lease payment terms. - Lease Payments: Corvus Nevada will pay USD 10,000 and deliver 50,000 common shares of ITH annually (subject to the anti-dilution noted below). - Anti-Dilution: Pursuant to an amended agreement agreed to by the lessors in March 2015, the Company, all future payments will be satisfied by the delivery of an additional ½ Common Shares of the Company for each of the ITH common shares due per the original agreement (25,000 Common Shares of the Company) annually. Pursuant to the amendment to the lease entered into on September 12, 2021, dated effective August 12, 2021, upon an acquisition transaction of Corvus, the share payment of 25,000 Common Shares of the Company and the share payment of 50,000 common shares of ITH is automatically converted into a cash payment equal to the share value equivalent using the price per share in the acquisition transaction for the shares of the Company and a price per share equal to the 10-day volume weighted average price of the ITH common shares calculated as of the end of the last trading day immediately preceding the payment due date. If an acquisition transaction of ITH occurs, the share payment of 50,000 common shares of ITH is automatically converted into a cash payment equal to the share value equivalent using the price per share in the acquisition transaction for the shares of ITH. - Work Commitments: USD 100,000 per year for the first three years (incurred), USD 200,000 per year for the years four to six (incurred), USD 300,000 for the years seven to ten (incurred) and USD 300,000 for the years 11 – 20 (incurred). Excess expenditures in any year may be carried forward. If Corvus Nevada does not incur the required expenditures in year one, the deficiency is required to be paid to the lessors. - Retained Royalty: Corvus Nevada will pay the lessors a NSR royalty of 2% if the average gold price is USD 400 per ounce or less, 3% if the average gold price is between USD 401 and USD 500 per ounce and 4% if the average gold price is greater than USD 500 per ounce.

Note 3 - Mineral Properties - A

Note 3 - Mineral Properties - Activity Related to Capitalized Acquisition Costs (Details) - CAD ($)		3 Months Ended
		Aug. 31, 2021		Aug. 31, 2020
Balance		$ 5,268,783
Cash payments (note 3(a)(ii)(1))		80,589	[1]	$ 0
Shares issued (notes 3(a)(ii)(1) and 5)	[1],[2]	99,400
Currency translation adjustments		237,753
Balance		5,686,525
North Bullfrog [Member]
Balance		4,503,297
Cash payments (note 3(a)(ii)(1))	[1]	80,589
Shares issued (notes 3(a)(ii)(1) and 5)	[1],[2]	99,400
Currency translation adjustments		203,195
Balance		4,886,481
Mother Lode Property [Member]
Balance		765,486
Cash payments (note 3(a)(ii)(1))	[1]	0
Shares issued (notes 3(a)(ii)(1) and 5)	[1],[2]	0
Currency translation adjustments		34,558
Balance		$ 800,044
[1]	Pursuant to a mining lease and option to purchase agreement made effective December 1, 2007 between Corvus Nevada and a group of arm’s length limited partnerships, Corvus Nevada has leased (and has the option to purchase) patented mining claims referred to as the “Mayflower” claims which form part of the North Bullfrog project. The terms of the lease/option are as follows: - Terms: Initial term of five years, commencing December 1, 2007, with the option to extend the lease for an additional five years. Pursuant to an extension agreement dated January 15, 2016 and fully executed and effective as of November 22, 2017, the parties agreed to extend the lease and option granted for an additional ten years with the same lease payment terms. - Lease Payments: Corvus Nevada will pay USD 10,000 and deliver 50,000 common shares of ITH annually (subject to the anti-dilution noted below). - Anti-Dilution: Pursuant to an amended agreement agreed to by the lessors in March 2015, the Company, all future payments will be satisfied by the delivery of an additional ½ Common Shares of the Company for each of the ITH common shares due per the original agreement (25,000 Common Shares of the Company) annually. Pursuant to the amendment to the lease entered into on September 12, 2021, dated effective August 12, 2021, upon an acquisition transaction of Corvus, the share payment of 25,000 Common Shares of the Company and the share payment of 50,000 common shares of ITH is automatically converted into a cash payment equal to the share value equivalent using the price per share in the acquisition transaction for the shares of the Company and a price per share equal to the 10-day volume weighted average price of the ITH common shares calculated as of the end of the last trading day immediately preceding the payment due date. If an acquisition transaction of ITH occurs, the share payment of 50,000 common shares of ITH is automatically converted into a cash payment equal to the share value equivalent using the price per share in the acquisition transaction for the shares of ITH. - Work Commitments: USD 100,000 per year for the first three years (incurred), USD 200,000 per year for the years four to six (incurred), USD 300,000 for the years seven to ten (incurred) and USD 300,000 for the years 11 – 20 (incurred). Excess expenditures in any year may be carried forward. If Corvus Nevada does not incur the required expenditures in year one, the deficiency is required to be paid to the lessors. - Retained Royalty: Corvus Nevada will pay the lessors a NSR royalty of 2% if the average gold price is USD 400 per ounce or less, 3% if the average gold price is between USD 401 and USD 500 per ounce and 4% if the average gold price is greater than USD 500 per ounce.
[2]	On March 30, 2015, Lunar Landing, LLC signed a lease agreement with Corvus Nevada to lease private property containing the three patented Sunflower claims to Corvus Nevada, which are adjacent to the Yellow Rose claims leased in 2014. The term of the lease is three years with provision to extend the lease for an additional seven years, and an advance minimum royalty payment of USD 5,000 per year with USD 5,000 paid upon signing (paid to March 2021). The lease includes a 4% NSR royalty on production, with an option to purchase the royalty for USD 500,000 per 1% or USD 2,000,000 for the entire 4% royalty. The lease also includes the option to purchase the property for USD 300,000.

Note 3 - Mineral Properties - C

Note 3 - Mineral Properties - Costs Incurred for Exploration and Evaluation Activities (Details) - CAD ($)		3 Months Ended
		Aug. 31, 2021	Aug. 31, 2020
Exploration expenditures (notes 3 and 5)		$ 4,426,263	$ 4,433,234
Cost recovery		(96,703)	(15,338)
North Bullfrog [Member]
Exploration expenditures (notes 3 and 5)	[1]	2,952,074	1,195,294
Cost recovery	[1]	0	0
Mother Lode Property [Member]
Exploration expenditures (notes 3 and 5)	[2]	1,474,189	3,237,940
Cost recovery	[2]	(96,703)	(15,338)
Assay [Member]
Exploration expenditures (notes 3 and 5)		229,131	391,502
Assay [Member] | North Bullfrog [Member]
Exploration expenditures (notes 3 and 5)	[1]	64,235	127,998
Assay [Member] | Mother Lode Property [Member]
Exploration expenditures (notes 3 and 5)	[2]	164,896	263,504
Drilling [Member]
Exploration expenditures (notes 3 and 5)		1,750,465	2,123,752
Drilling [Member] | North Bullfrog [Member]
Exploration expenditures (notes 3 and 5)	[1]	1,230,974	236,471
Drilling [Member] | Mother Lode Property [Member]
Exploration expenditures (notes 3 and 5)	[2]	519,491	1,887,281
Equipment rental [Member]
Exploration expenditures (notes 3 and 5)		72,895	79,307
Equipment rental [Member] | North Bullfrog [Member]
Exploration expenditures (notes 3 and 5)	[1]	39,121	17,398
Equipment rental [Member] | Mother Lode Property [Member]
Exploration expenditures (notes 3 and 5)	[2]	33,774	61,909
Field Costs [Member]
Exploration expenditures (notes 3 and 5)		89,635	314,223
Field Costs [Member] | North Bullfrog [Member]
Exploration expenditures (notes 3 and 5)	[1]	80,600	6,887
Field Costs [Member] | Mother Lode Property [Member]
Exploration expenditures (notes 3 and 5)	[2]	9,035	307,336
Geological Geophysical [Member]
Exploration expenditures (notes 3 and 5)		470,759	622,643
Geological Geophysical [Member] | North Bullfrog [Member]
Exploration expenditures (notes 3 and 5)	[1]	256,767	172,275
Geological Geophysical [Member] | Mother Lode Property [Member]
Exploration expenditures (notes 3 and 5)	[2]	213,992	450,368
Land Maintenance and Tenure [Member]
Exploration expenditures (notes 3 and 5)		390,826	399,942
Land Maintenance and Tenure [Member] | North Bullfrog [Member]
Exploration expenditures (notes 3 and 5)	[1]	278,325	275,839
Land Maintenance and Tenure [Member] | Mother Lode Property [Member]
Exploration expenditures (notes 3 and 5)	[2]	112,501	124,103
Permits [Member]
Exploration expenditures (notes 3 and 5)		808,380	23,350
Permits [Member] | North Bullfrog [Member]
Exploration expenditures (notes 3 and 5)	[1]	650,544	9,403
Permits [Member] | Mother Lode Property [Member]
Exploration expenditures (notes 3 and 5)	[2]	157,836	13,947
Studies [Member]
Exploration expenditures (notes 3 and 5)		672,629	453,313
Studies [Member] | North Bullfrog [Member]
Exploration expenditures (notes 3 and 5)	[1]	327,917	343,844
Studies [Member] | Mother Lode Property [Member]
Exploration expenditures (notes 3 and 5)	[2]	344,712	109,469
Travel [Member]
Exploration expenditures (notes 3 and 5)		38,246	40,540
Travel [Member] | North Bullfrog [Member]
Exploration expenditures (notes 3 and 5)	[1]	23,591	5,179
Travel [Member] | Mother Lode Property [Member]
Exploration expenditures (notes 3 and 5)	[2]	14,655	35,361
Exploration Costs Before Cost Recovery [Member]
Exploration expenditures (notes 3 and 5)		4,522,966	4,448,572
Exploration Costs Before Cost Recovery [Member] | North Bullfrog [Member]
Exploration expenditures (notes 3 and 5)	[1]	2,952,074	1,195,294
Exploration Costs Before Cost Recovery [Member] | Mother Lode Property [Member]
Exploration expenditures (notes 3 and 5)	[2]	$ 1,570,892	$ 3,253,278
[1]	The Company’s North Bullfrog project consists of certain leased patented lode mining claims and federal unpatented mining claims owned 100% by the Company. (i) Interests acquired from Redstar Gold Corp. On October 9, 2009, a US subsidiary of ITH at the time (Corvus Nevada) completed the acquisition of all of the interests of Redstar Gold Corp. (“Redstar”) and Redstar Gold U.S.A. Inc. (“Redstar US”) in the North Bullfrog project, which consisted of six leases covering 33 patented mining claims. The leases have an initial term of ten years, and for so long thereafter as mining activities continue on the claims or contiguous claims held by the Company: The Company is required to pay annual advance minimum royalty payments (recoupable from production royalties) for as long as there are mining activities continuing on the claims or contiguous claims held by the Company. The required annual advance minimum royalty payments are: - 39,800 USD - 17,700 USD (adjusted annually for inflation) The lessor is entitled to receive a separate NSR royalty related to all production from the leased property of the various individual leases which may be purchased by the Company as follows: - a 4% NSR royalty, which may be purchased by the Company for USD 1,250,000 per 1% (USD 5,000,000 for the entire royalty). - a 2% NSR royalty on all production, which may be purchased by the Company for USD 1,000,000 per 1% (USD 2,000,000 for the entire royalty). - a 3% NSR royalty on all production, which may be purchased by the Company for USD 850,000 per 1% (USD 2,550,000 for the entire royalty). - a 3% NSR royalty on all production which may be purchased by the Company for USD 770,000 per 1% (USD 2,310,000 for the entire royalty). - a 4% NSR royalty on all production, which may be purchased by the Company for USD 1,000,000 per 1% (USD 4,000,000 for the entire royalty). - a 2% NSR royalty on all production, which may be purchased by the Company for USD 1,000,000 per 1% (USD 2,000,000 for the entire royalty). - a 2% NSR royalty on all production, which may be purchased by the Company for USD 1,000,000 per 1% (USD 2,000,000 for the entire royalty). The various NSR royalties above relate only to the property covered by each specific lease and are not cumulative. The Company has an option to purchase a property related to twelve patented mining claims for USD 1,000,000 at any time during the life of the lease (subject to the net smelter return (“NSR”) royalty of 4% which may be purchased by the Company for USD 1,250,000 per 1% (USD 5,000,000 for the entire royalty). (ii) Interests acquired directly by Corvus Nevada (1) Pursuant to a mining lease and option to purchase agreement made effective December 1, 2007 between Corvus Nevada and a group of arm’s length limited partnerships, Corvus Nevada has leased (and has the option to purchase) patented mining claims referred to as the “Mayflower” claims which form part of the North Bullfrog project. The terms of the lease/option are as follows: - Terms: Initial term of five years, commencing December 1, 2007, with the option to extend the lease for an additional five years. Pursuant to an extension agreement dated January 15, 2016 and fully executed and effective as of November 22, 2017, the parties agreed to extend the lease and option granted for an additional ten years with the same lease payment terms. - Lease Payments: Corvus Nevada will pay USD 10,000 and deliver 50,000 common shares of ITH annually (subject to the anti-dilution noted below). - Anti-Dilution: Pursuant to an amended agreement agreed to by the lessors in March 2015, the Company, all future payments will be satisfied by the delivery of an additional ½ Common Shares of the Company for each of the ITH common shares due per the original agreement (25,000 Common Shares of the Company) annually. Pursuant to the amendment to the lease entered into on September 12, 2021, dated effective August 12, 2021, upon an acquisition transaction of Corvus, the share payment of 25,000 Common Shares of the Company and the share payment of 50,000 common shares of ITH is automatically converted into a cash payment equal to the share value equivalent using the price per share in the acquisition transaction for the shares of the Company and a price per share equal to the 10-day volume weighted average price of the ITH common shares calculated as of the end of the last trading day immediately preceding the payment due date. If an acquisition transaction of ITH occurs, the share payment of 50,000 common shares of ITH is automatically converted into a cash payment equal to the share value equivalent using the price per share in the acquisition transaction for the shares of ITH. - Work Commitments: USD 100,000 per year for the first three years (incurred), USD 200,000 per year for the years four to six (incurred), USD 300,000 for the years seven to ten (incurred) and USD 300,000 for the years 11 – 20 (incurred). Excess expenditures in any year may be carried forward. If Corvus Nevada does not incur the required expenditures in year one, the deficiency is required to be paid to the lessors. - Retained Royalty: Corvus Nevada will pay the lessors a NSR royalty of 2% if the average gold price is USD 400 per ounce or less, 3% if the average gold price is between USD 401 and USD 500 per ounce and 4% if the average gold price is greater than USD 500 per ounce. (2) Pursuant to a mining lease and option to purchase made effective March 1, 2011 between Corvus Nevada and an arm’s length individual, Corvus Nevada has leased, and has the option to purchase, two patented mineral claims which form part of the North Bullfrog project holdings. The lease is for an initial term of ten years, subject to extension for an additional ten years (provided advance minimum royalties are timely paid), and for so long thereafter as mining activities continue on the claims. The lessee is required to pay advance minimum royalty payments (recoupable from production royalties, but not applicable to the purchase price if the option to purchase is exercised) of USD 30,000 (paid to March 1, 2021), adjusted for inflation. The lessor is entitled to receive a 2% NSR royalty on all production. The lessee may purchase the NSR royalty for USD 1,000,000 per 1%. If the lessee purchases the entire NSR royalty (USD 2,000,000) the lessee will also acquire all interest of the lessor in the subject property. (3) Pursuant to a purchase agreement made effective March 28, 2013, Corvus Nevada agreed to purchase the surface rights of five patented mining claims owned by two arm’s length individuals for USD 160,000 paid on closing (March 28, 2013). The terms include payment by Corvus Nevada of a fee of USD 0.02 per ton of overburden to be stored on the property, subject to payment for a minimum of 12 million short tons. The minimum tonnage fee (USD 240,000) bears interest at 4.77% per annum from closing and is evidenced by a promissory note due on the sooner of the commencing of use of the property for waste materials storage or December 31, 2015 (balance paid December 17, 2015). As a result, the Company recorded $406,240 (USD 400,000) in acquisition costs with $157,408 paid in cash and the remaining $248,832 (USD 240,000) in promissory note payable during the year ended May 31, 2013. (4) In December 2013, SoN completed the purchase of a parcel of land approximately 30 kilometres north of the North Bullfrog project which carries with it 1,600 acre feet of irrigation water rights. The cost of the land and associated water rights was cash payment of $1,100,118 (USD 1,034,626). (5) On March 30, 2015, Lunar Landing, LLC signed a lease agreement with Corvus Nevada to lease private property containing the three patented Sunflower claims to Corvus Nevada, which are adjacent to the Yellow Rose claims leased in 2014. The term of the lease is three years with provision to extend the lease for an additional seven years, and an advance minimum royalty payment of USD 5,000 per year with USD 5,000 paid upon signing (paid to March 2021). The lease includes a 4% NSR royalty on production, with an option to purchase the royalty for USD 500,000 per 1% or USD 2,000,000 for the entire 4% royalty. The lease also includes the option to purchase the property for USD 300,000.
[2]	Pursuant to a purchase agreement made effective June 9, 2017 between Corvus Nevada and Goldcorp USA, Inc. (“Goldcorp USA”), Corvus Nevada has acquired 100% of the Mother Lode property (the “Mother Lode Property”). In addition, Corvus Nevada staked two additional adjacent claim blocks to the Mother Lode Property. In connection with the acquisition, the Company issued 1,000,000 Common Shares at a price of $0.81 per Common Share to Goldcorp USA. The Mother Lode Property is subject to an NSR in favour of Goldcorp USA. The NSR pays 1% from production at the Mother Lode Property when the price of gold is less than USD 1,400 per ounce and an additional 1% NSR for a total of 2% NSR when gold price is greater than or equal to USD 1,400 per ounce.

Note 4 - Note Payable (Details

Note 4 - Note Payable (Details Textual)	Sep. 15, 2021USD ($)	Jun. 28, 2021CAD ($)	Jun. 28, 2021USD ($)	May 11, 2021CAD ($)	May 11, 2021USD ($)	Aug. 31, 2021CAD ($)	Aug. 31, 2021USD ($)	Aug. 31, 2020CAD ($)	May 31, 2021CAD ($)	Aug. 31, 2021USD ($)	May 31, 2021USD ($)	May 04, 2021USD ($)
Proceeds from Notes Payable, Total						$ 6,167,500		$ 0
Adjustments to Additional Paid in Capital, Notes Payable						371,130		0	$ 314,016
Loan Agreement with AngloGold Ashanti North America Inc [Member]
Proceeds from Notes Payable, Total						6,167,500	$ 5,000,000
Adjustments to Additional Paid in Capital, Notes Payable						371,130
Accretion Expense						178,754
Notes Payable, Total						12,109,072			$ 5,742,007
Loan Agreement with AngloGold Ashanti North America Inc [Member] | AngioGold [Member]
Line of Credit Facility, Maximum Borrowing Capacity										$ 20,000,000		$ 20,000,000
Debt Instrument, Interest Rate, Stated Percentage												1.10702%
Debt Instrument, Minimum Percentage To Be Spent On Project Work												70.00%
Proceeds from Notes Payable, Total		$ 6,167,500	$ 5,000,000	$ 6,048,000	$ 5,000,000	12,215,500	$ 10,000,000
Line of Credit Facility, Remaining Borrowing Capacity										10,000,000
Notes Payable, Fair Value Disclosure						11,530,354
Debt Instrument, Interest Rate, Effective Percentage									8.10%		8.10%
Adjustments to Additional Paid in Capital, Notes Payable						685,146
Accretion Expense						178,754		$ 0
Notes Payable, Total						$ 12,109,072			$ 5,742,007	$ 9,597,426	$ 4,756,467
Loan Agreement with AngloGold Ashanti North America Inc [Member] | AngioGold [Member] | Subsequent Event [Member]
Proceeds from Notes Payable, Total	$ 5,000,000
Line of Credit Facility, Remaining Borrowing Capacity	$ 5,000,000

Note 4 - Note Payable - Note Pa

Note 4 - Note Payable - Note Payable Activity (Details)	3 Months Ended			9 Months Ended
	Aug. 31, 2021CAD ($)	Aug. 31, 2021USD ($)	Aug. 31, 2020CAD ($)	May 31, 2021CAD ($)
Proceeds from Notes Payable, Total	$ 6,167,500		$ 0
Allocated to contributed surplus	(371,130)		$ 0	$ (314,016)
Loan Agreement with AngloGold Ashanti North America Inc [Member]
Balance	5,742,007
Proceeds from Notes Payable, Total	6,167,500	$ 5,000,000
Allocated to contributed surplus	(371,130)
Accretion expense	178,754
Foreign exchange	391,941
Balance, August 31, 2021	$ 12,109,072			$ 5,742,007

Note 4 - Note Payable - Note _2

Note 4 - Note Payable - Note Payable Activity (Details) (Parentheticals)	3 Months Ended
	Aug. 31, 2021CAD ($)	Aug. 31, 2021USD ($)	Aug. 31, 2020CAD ($)
Proceeds from Notes Payable, Total	$ 6,167,500		$ 0
Loan Agreement with AngloGold Ashanti North America Inc [Member]
Proceeds from Notes Payable, Total	$ 6,167,500	$ 5,000,000

Note 5 - Share Capital (Details

Note 5 - Share Capital (Details Textual) - CAD ($)	Aug. 23, 2021	Aug. 31, 2021	Aug. 31, 2020	May 31, 2021	May 31, 2021
Stock Issued During Period, Shares, Issued for Capitalized Acquisition Costs (in shares)	25,000
Stock Issued During Period, Value, Issued for Capitalized Acquisition Costs	$ 99,400	$ 99,400		$ 75,750
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term (Year)		2 years 6 months 7 days			2 years 9 months 7 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)		0	0		2,590,000
Share-based Payment Arrangement, Option [Member] | The 2010 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Percentage of Outstanding Stock Maximum		10.00%
Share-based Payment Arrangement, Option [Member] | The 2010 Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)		10 years
Employee Stock Option, Expiring on November 17, 2016 [Member]
Options Exercisable Period, After Restrictions Lifted (Day)		10 days

Note 5 - Share Capital - Summar

Note 5 - Share Capital - Summary of the Status of the Stock Option Plan (Details) - $ / shares	3 Months Ended		12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	May 31, 2021
Balance, beginning of the period (in shares)	12,088,500	12,345,000	12,345,000
Weighted Average Exercise Price, Balance, beginning of the period (in CAD per share)	$ 2.03	$ 1.54	$ 1.54
Number of Options, Granted (in shares)	0	0	2,590,000
Weighted Average Exercise Price, Granted (in CAD per share)	$ 0		$ 3.05
Number of Options, Exercised (in shares)	0		(2,846,500)
Weighted Average Exercise Price, Exercised (in CAD per share)	$ 0		$ (0.83)
Number of Options, Expired (in shares)	(83,500)		0
Weighted Average Exercise Price, Expired (in CAD per share)	$ (2.06)		$ 0
Balance, end of the period (in shares)	12,005,000		12,088,500
Weighted Average Exercise Price, Balance, end of the period (in CAD per share)	$ 2.03		$ 2.03

Note 5 - Share Capital - Stock

Note 5 - Share Capital - Stock Options Outstanding (Details) - $ / shares		Aug. 31, 2021	May 31, 2021	May 31, 2020
Exercise Price (in CAD per share)		$ 2.03	$ 2.03	$ 1.54
Number of Options (in shares)		12,005,000	12,088,500	12,345,000
Exercisable at Year- End (in shares)		6,709,140	6,337,845
Employee Stock Option, Expiring on September 15, 2021 [Member]
Exercise Price (in CAD per share)	[1]	$ 0.91	$ 0.91
Number of Options (in shares)	[1]	925,000	925,000
Exercisable at Year- End (in shares)	[1]	925,000	925,000
Employee Stock Option, Expiring on July 31, 2022 [Member]
Exercise Price (in CAD per share)		$ 0.77	$ 0.77
Number of Options (in shares)		1,575,000	1,575,000
Exercisable at Year- End (in shares)		1,575,000	1,575,000
Employee Stock Options, Expiring on October 11, 2022 [Member]
Exercise Price (in CAD per share)		$ 2	$ 2
Number of Options (in shares)		20,000	20,000
Exercisable at Year- End (in shares)		20,000	20,000
Employee Stock Options, Expiring on November 19, 2023 [Member]
Exercise Price (in CAD per share)		$ 2.06	$ 2.06
Number of Options (in shares)		4,170,000	4,253,500
Exercisable at Year- End (in shares)		2,777,220	2,777,220
Employee Stock Option, Expiring on April 9, 2024 [Member]
Exercise Price (in CAD per share)		$ 2.04	$ 2.04
Number of Options (in shares)		400,000	400,000
Exercisable at Year- End (in shares)		266,400	266,400
Employee Stock Option, Expiring on June 13, 2024 [Member]
Exercise Price (in CAD per share)		$ 2.18	$ 2.18
Number of Options (in shares)		1,115,000	1,115,000
Exercisable at Year- End (in shares)		742,590	371,295
Employee Stock Option, Expiring on February 3, 2025 [Member]
Exercise Price (in CAD per share)		$ 2.09	$ 2.09
Number of Options (in shares)		1,210,000	1,210,000
Exercisable at Year- End (in shares)		402,930	402,930
Employee Stock Option, Expiring on January 15, 2026 [Member]
Exercise Price (in CAD per share)		$ 3.05	$ 3.05
Number of Options (in shares)		2,590,000	2,590,000
Exercisable at Year- End (in shares)		0	0
[1]	The Company’s share trading policy (the “Policy”) requires that all restricted persons and others who are subject to the Policy refrain from conducting any transactions involving the purchase or sale of the Company’s securities, during the period in any quarter commencing 30 days prior to the scheduled issuance of the next quarter or year-end public disclosure of the financial results as well as when there is material data on hand. In accordance with the terms of the Amended 2010 Plan, if stock options are set to expire during a restricted period and are not exercised prior to any such restriction, they will not expire but instead will be available for exercise for ten days after such restrictions are lifted.

Note 5 - Share Capital - Alloca

Note 5 - Share Capital - Allocation of Stock-based Compensation Expenses (Details) - CAD ($)	3 Months Ended
	Aug. 31, 2021	Aug. 31, 2020
Share-based Compensation	$ 1,171,147	$ 917,040
Consulting fees [Member]
Share-based Compensation	542,985	432,741
Exploration expenditures - Geological/geophysical [Member]
Share-based Compensation	117,767	82,340
Investor relations [Member]
Share-based Compensation	153,211	131,133
Professional Fees [Member]
Share-based Compensation	11,049	7,506
Wages and Benefits [Member]
Share-based Compensation	$ 346,135	$ 263,320

Note 6 - Related Party Transa_3

Note 6 - Related Party Transactions (Details Textual)	Sep. 13, 2021	Aug. 31, 2021CAD ($)shares	Aug. 31, 2021USD ($)shares	May 31, 2021CAD ($)	May 31, 2021USD ($)
Accounts Payable and Accrued Liabilities, Total		$ 954,595		$ 30,025
Acquisition of Corvus Gold [Member] | Subsequent Event [Member]
Business Acquisition, Common Shareholder Approval Percentage Required	66.67%
AngioGold [Member] | Note Payable [Member]
Notes Payable, Related Parties		12,109,072	$ 9,597,426	5,742,007	$ 4,756,467
Due to Related Parties, Total		$ 36,589		$ 0
Corvus Gold [Member]
Investment Owned, Balance, Shares (in shares) | shares		24,774,949	24,774,949
Ownership Percentage		19.50%	19.50%

Note 6 - Related Party Transa_4

Note 6 - Related Party Transactions - Transactions With Related Parties (Details) - CAD ($)	3 Months Ended
	Aug. 31, 2021	Aug. 31, 2020
Consulting fees to CFO	$ 812,162	$ 502,964
Share-based Compensation	1,171,147	917,040
Management Compensation	1,999,834	887,179
Related Party Transaction [Member]
Share-based Compensation	763,790	634,877
Related Party Transaction [Member] | Chief Financial Officer [Member]
Consulting fees to CFO	162,500	22,500
Related Party Transaction [Member] | Chief Executive Officer [Member]
Wages and benefits	715,138	184,575
Related Party Transaction [Member] | Director [Member]
Geological consulting fees, wages and benefits to a company owned by a director in common	296,729	6,504
Directors fees (included in consulting fees)	$ 61,677	$ 38,723

Note 7 - Geographic Segmented_3

Note 7 - Geographic Segmented Information (Details Textual)	3 Months Ended
	Aug. 31, 2021
Number of Operating Segments	1
Number of Reportable Segments	2

Note 7 - Geographic Segmented_4

Note 7 - Geographic Segmented Information - Long-lived Assets, by Geographical Areas (Details) - CAD ($)	Aug. 31, 2021	May 31, 2021
Capitalized acquisition costs	$ 5,686,525	$ 5,268,783
Property and equipment	175,477	73,457
Right-of-use assets	75,052	88,996
Operating Segments [Member]
Capitalized acquisition costs	5,686,525	5,268,783
Property and equipment	175,477	73,457
Right-of-use assets	75,052	88,996
CANADA | Operating Segments [Member]
Capitalized acquisition costs	0	0
Property and equipment	3,554	3,842
Right-of-use assets	39,227	46,149
UNITED STATES | Operating Segments [Member]
Capitalized acquisition costs	5,686,525	5,268,783
Property and equipment	171,923	69,615
Right-of-use assets	$ 35,825	$ 42,847

Note 7 - Geographic Segmented_5

Note 7 - Geographic Segmented Information - Net Income (Loss) by Geographic Areas (Details) - CAD ($)	3 Months Ended		9 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	May 31, 2021
Net loss for the period	$ (8,119,297)	$ (6,510,604)	$ (16,609,873)
CANADA
Net loss for the period	(2,340,159)	(1,835,334)
UNITED STATES
Net loss for the period	$ (5,779,138)	$ (4,675,270)

Note 8 - Subsidiaries - Signifi

Note 8 - Subsidiaries - Significant Subsidiaries (Details)	3 Months Ended
	Aug. 31, 2021	Aug. 31, 2020
Corvus Gold (USA) Inc. [Member]
Effective Interest	100.00%	100.00%
Raven Gold Alaska Inc. [Member]
Effective Interest	100.00%	100.00%
Corvus Gold Nevada Inc. [Member]
Effective Interest	100.00%	100.00%
SoN Land and Water LLC [Member]
Effective Interest	100.00%	100.00%
Mother Lode Mining Company LLC [Member]
Effective Interest	100.00%	100.00%

Note 9 - Supplemental Cash Fl_3

Note 9 - Supplemental Cash Flow Information - Supplemental Cash Flow Information (Details) - CAD ($)	3 Months Ended		9 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	May 31, 2021
Interest paid (received)	$ (1,383)	$ (41,699)
Income taxes paid (received)	0	0
Shares issued to acquire mineral properties	99,400	0
Contributed surplus on note payable (note 4)	$ 371,130	$ 0	$ 314,016

Note 10 - Subsequent Event (Det

Note 10 - Subsequent Event (Details Textual)	Sep. 13, 2021
Acquisition of Corvus Gold [Member] | Subsequent Event [Member]
Business Acquisition, Common Shareholder Approval Percentage Required	66.67%