Trilogy Metals (TMQ) 10-K 2 Feb 18 2017 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2017	Feb. 01, 2018	May 31, 2017
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Nov. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Entity Registrant Name	Trilogy Metals Inc.
Entity Central Index Key	1,543,418
Current Fiscal Year End Date	--11-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 39.4
Trading Symbol	TMQ
Entity Common Stock, Shares Outstanding		106,536,276

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2017	Nov. 30, 2016
Current assets
Cash and cash equivalents	$ 5,391	$ 7,340
Accounts receivable	470	47
Deposits and prepaid amounts	837	724
Current investments (note 3)	2,516	7,538
Total Current Assets	9,214	15,649
Investments (note 3)	0	297
Plant and equipment (note 4)	478	215
Mineral properties and development costs (note 5)	30,587	30,586
Total Assets	40,279	46,747
Current liabilities
Accounts payable and accrued liabilities (note 6)	4,249	593
Current liabilities	4,249	593
Mineral properties purchase option (note 5c)	10,365	0
Total Liabilities	14,614	593
Shareholders' equity
Share capital (note 9) - unlimited common shares authorized, no par value Issued -105,684,523 (2016 - 105,286,469)	136,525	136,357
Warrants (note 9(e))	2,163	2,163
Contributed surplus	124	124
Contributed surplus - options (note 9(a, b))	18,402	18,134
Contributed surplus - units (note 9(d))	1,319	1,140
Deficit	(132,868)	(111,764)
Total Stockholders' Equity	25,665	46,154
Total Liabilities and Stockholders' Equity	$ 40,279	$ 46,747

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Common Stock, Shares Authorized, Unlimited	Unlimited	Unlimited
Common Stock, No Par Value
Common Stock, Shares, Issued	105,684,523	105,286,469

Consolidated Statements of Loss

Consolidated Statements of Loss and Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Expenses
Amortization	$ 107	$ 79	$ 292
Foreign exchange (gain) loss	(395)	204	3
General and administrative	1,385	1,337	1,346
Investor relations	345	201	88
Mineral properties expense (note 5(d))	15,100	5,037	4,167
Professional fees	708	442	1,346
Salaries	975	1,003	1,085
Salaries - stock-based compensation	705	615	831
Total expenses	18,930	8,918	9,158
Other items
Unrealized loss (gain) on held for trading investments	1,645	(88)	0
Loss (gain) on sale of investments	580	(57)	0
Loss on disposal of equipment	8	0	0
Interest and other income	(59)	(61)	(24)
Loss from continuing operations for the year	21,104	8,712	9,134
Loss from discontinued operations	0	598	398
Gain on sale of Sunward Investments Ltd.	0	(4,448)	0
(Income)/loss from discontinued operations for the year (note 7)	0	(3,850)	398
Loss and comprehensive loss for the year	$ 21,104	$ 4,862	$ 9,532
Basic and diluted loss from continuing operations per common share	$ 0.2	$ 0.08	$ 0.11
Basic and diluted (earnings)/loss from discontinued operations per common share	0	(0.04)	0.01
Basic and diluted loss per common share	$ 0.2	$ 0.05	$ 0.12
Weighted average number of common shares outstanding	105,562,769	105,103,952	80,312,913

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Share capital [Member]	Warrant [Member]	Contributed Surplus [Member]	Contributed surplus - options [Member]	Contributed surplus - units [Member]	Deficit [Member]
Beginning Balance at Nov. 30, 2014	$ 35,847	$ 111,833	$ 2,163	$ 124	$ 17,089	$ 2,008	$ (97,370)
Beginning Balance (Shares) at Nov. 30, 2014		60,296,365
Issuance pursuant to Sunward Arrangement	22,959	$ 22,851	0	0	108	0	0
Issuance pursuant to Sunward Arrangement (Shares)		43,116,312
Restricted Share Units to settle liability	183	$ 0	0	0	0	183	0
Exercise of options	0	$ 7	0	0	(7)	0	0
Exercise of options (Shares)		7,499
Exercise Of Sunward Arrangement Options	$ 142	$ 177	0	0	(35)	0	0
Exercise of Sunward Arrangement Options (shares)	347,999	347,999
Restricted Share Units	$ 0	$ 819	0	0	0	(819)	0
Restricted Share Units (Shares)		795,368
Deferred Share Units	0	$ 353	0	0	0	(353)	0
Deferred Share Units (Shares)		232,878
Stock-based compensation	831	$ 0	0	0	686	145	0
Loss for the year	(9,532)	0	0	0	0	0	(9,532)
Ending Balance at Nov. 30, 2015	50,430	$ 136,040	2,163	124	17,841	1,164	(106,902)
Ending Balance (Shares) at Nov. 30, 2015		104,796,421
Exercise of options	0	$ 65	0	0	(65)	0	0
Exercise of options (Shares)		162,854
Restricted Share Units	(29)	$ 34	0	0	0	(63)	0
Restricted Share Units (Shares)		108,399
Deferred Share Units	0	$ 218	0	0	0	(218)	0
Deferred Share Units (Shares)		218,795
Stock-based compensation	615	$ 0	0	0	358	257	0
Loss for the year	(4,862)	0	0	0	0	0	(4,862)
Ending Balance at Nov. 30, 2016	46,154	$ 136,357	2,163	124	18,134	1,140	(111,764)
Ending Balance (Shares) at Nov. 30, 2016		105,286,469
Exercise of options	0	$ 85	0	0	(85)	0	0
Exercise of options (Shares)		188,856
Restricted Share Units	(90)	$ 83	0	0	0	(173)	0
Restricted Share Units (Shares)		209,198
Stock-based compensation	705	$ 0	0	0	353	352	0
Loss for the year	(21,104)	0	0	0	0	0	(21,104)
Ending Balance at Nov. 30, 2017	$ 25,665	$ 136,525	$ 2,163	$ 124	$ 18,402	$ 1,319	$ (132,868)
Ending Balance (Shares) at Nov. 30, 2017		105,684,523

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Cash flows used in operating activities
Loss for the year	$ (21,104)	$ (4,862)	$ (9,532)
Items not affecting cash
Amortization	107	174	355
Gain on sale of Sunward Investments Ltd.	0	(4,448)	0
Loss (gain) on sale of investments, net of foreign exchange	452	(57)	0
Loss on disposal of equipment	8	0	0
Unrealized loss (gain) on held for trading investments	1,645	(88)	0
Unrealized foreign exchange (gain) loss	(265)	184	0
Stock-based compensation	705	615	831
Net change in non-cash working capital
Decrease (increase) in accounts receivable	(423)	(8)	156
Decrease (increase) in deposits and prepaid amounts	(113)	(59)	(28)
Increase (decrease) in accounts payable, accrued liabilities and due to related parties	3,577	(143)	(217)
Net Cash Provided by (Used in) Operating Activities	(15,411)	(8,692)	(8,435)
Cash flows from (used in) financing activities
Proceeds received on exercise of Sunward Arrangement Options	0	0	142
Settlement of Restricted Share Units	(90)	(29)	0
Net Cash Provided by (Used in) Financing Activities	(90)	(29)	142
Cash flows from (used in) investing activities
Acquisition of plant & equipment	(300)	(122)	(48)
Mineral properties funding (note 5)	10,365	0	0
Proceeds from disposition of equipment	0	0	7
Proceeds from the sale of investments, net of fees	3,479	228	0
Net cash outflow from the disposition of Sunward Investments Ltd.	0	(184)	0
Cash acquired through Sunward Arrangement	0	0	19,399
Net Cash Provided by (Used in) Investing Activities	13,544	(78)	19,358
(Decrease) increase in cash and cash equivalents	(1,957)	(8,799)	11,065
Effect of exchange rate on cash and cash equivalents	8	0	0
Cash and cash equivalents - beginning of year	7,340	16,139	5,074
Cash and cash equivalents - end of year	5,391	7,340	16,139
Less cash and cash equivalents of discontinued operations - end of year	0	0	(75)
Cash and cash equivalents of continuing operations - end of year	5,391	7,340	16,064
Non-cash investing and financing activities
Acquisition of investments from the sale of Sunward Investments Ltd.	$ 0	$ 8,102	$ 0
Issuance of common shares and arrangement options on acquisition of Sunward	0	0	22,959

Nature of operations

Nature of operations	12 Months Ended
	Nov. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of operations [Text Block]	1 Nature of operations Trilogy Metals Inc., formerly NovaCopper Inc., (“Trilogy”, the “Company”, or “we”) was incorporated in British Columbia under the Business Corporations Act (BC) on April 27, 2011. The Company changed its name from NovaCopper Inc. to Trilogy Metals Inc. on September 1, 2016 to better reflect its diversified metals resource base. The Company is engaged in the exploration and development of mineral properties with a focus on the Upper Kobuk Mineral Projects (“UKMP”), including the Arctic and Bornite Projects located in Northwest Alaska in the United States of America (“US”).

Summary of significant accounti

Summary of significant accounting policies	12 Months Ended
	Nov. 30, 2017
Accounting Policies [Abstract]
Summary of significant accounting policies [Text Block]	Summary of significant accounting policies These consolidated financial statements have been prepared using accounting principles generally accepted in the United States (“U.S. GAAP”) and include the accounts of Trilogy and its wholly-owned subsidiary, NovaCopper US Inc. (“Trilogy Metals US”). All significant intercompany transactions are eliminated on consolidation. These consolidated financial statements included the accounts of Sunward Resources Ltd. (“Sunward”), Sunward Investments Ltd. (“Sunward Investments”) and Sunward Resources Limited (“Sunward BVI”) for the period June 19, 2015 to September 1, 2016, inclusive. At the time, Sunward BVI had a registered a branch, Sunward Resources Sucursal Colombia, to do business in Colombia. All figures are in United States dollars unless otherwise noted. References to CDN$ refer to amounts in Canadian dollars. These financial statements were approved by the Company’s Board of Directors for issue on February 1, 2018. Cash and cash equivalents comprise of highly liquid investments maturing less than 90 days from date of initial investment. Cash and cash equivalents are designated as loans and receivables. Plant and equipment are recorded at cost and amortization begins when the asset is put into service. Amortization is calculated on a straight-line basis over the respective assets’ estimated useful lives. Computer hardware and software 3 years Machinery and equipment 3 years Office furniture and equipment 5 years Vehicles 3 years Leasehold Improvements lease term All direct costs related to the acquisition of mineral property interests are capitalized. Mineral property exploration expenditures are expensed when incurred. When it has been established that a mineral deposit is commercially mineable, an economic analysis has been completed in accordance with SEC Industry Guide 7 and permits are obtained, the costs subsequently incurred to develop a mine on the property prior to the start of mining operations are capitalized. Capitalized costs will be amortized following commencement of production using the unit of production method over the estimated life of proven and probable reserves. The acquisition of title to mineral properties is a complicated and uncertain process. The Company has taken steps, in accordance with industry standards, to verify the title to mineral properties in which it has an interest. Although the Company has made efforts to ensure that legal titles to its mining assets are properly recorded, there can be no assurance that such title will be secured indefinitely. Management assesses the possibility of impairment in the carrying value of long-lived assets whenever events or circumstances indicate that the carrying amounts of the asset or asset group may not be recoverable. Management calculates the estimated undiscounted future net cash flows relating to the asset or asset group using estimated future prices, proven and probable reserves and other mineral resources, and operating, capital and reclamation costs. When the carrying value of an asset exceeds the related undiscounted cash flows, the asset is written down to its estimated fair value, which is usually determined using discounted future cash flows. Management’s estimates of mineral prices, mineral resources, foreign exchange rates, production levels operating, capital and reclamation costs are subject to risk and uncertainties that may affect the determination of the recoverability of the long-lived asset. It is possible that material changes could occur that may adversely affect management’s estimates. The liability method of accounting for income taxes is used and is based on differences between the accounting and tax bases of assets and liabilities. Deferred income tax assets and liabilities are recognized for temporary differences between the tax and accounting basis of assets and liabilities as well as for the benefit of losses available to be carried forward to future years for tax purposes using enacted income tax rates expected to be in effect for the period in which the differences are expected to reverse. Deferred income tax assets are evaluated and, if realization is not considered more likely than not, a valuation allowance is provided. The Company recognizes tax benefits from uncertain tax positions only if it is at least more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. Any tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 Held-for-trading financial assets and liabilities are recorded at fair value as determined by active market prices or valuation models, as appropriate. Valuation models require the use of assumptions which may include the expected life of the instrument, the expected volatility, dividend payouts, and interest rates. In determining these assumptions, management uses readily observable market inputs where available or, where not available, inputs generated by management. Changes in fair value of held-for-trading financial instruments are recorded in income or loss for the period. Held-for-trading financial assets consist of common share and warrant investments in a publicly-held mining company. Available-for-sale financial assets are recorded at fair value as determined by active market prices. Unrealized gains and losses on available-for-sale investments are recognized in other comprehensive income. If a decline in fair value is deemed to be other than temporary, the unrealized loss is recognized in net earnings. Investments in equity instruments that do not have an active quoted market price are measured at cost. The Company has no available-for-sale financial assets. Loans and receivables are recorded initially at fair value, net of transaction costs incurred, and subsequently at amortized cost using the effective interest rate method. Loans and receivables consist of cash and cash equivalents, accounts receivable, and deposits. Other financial liabilities are recorded initially at fair value and subsequently at amortized cost using the effective interest rate method. Other financial liabilities include accounts payable and accrued liabilities. Monetary assets and liabilities are translated into United States dollar at the exchange rate in effect at the balance sheet date, and non-monetary assets and liabilities at the exchange rate in effect at the time of acquisition or issue. Income and expenses are translated at rates approximating the exchange rate in effect at the time of transactions. Exchange gains or losses arising on translation are included in income or loss for the period. The functional currency of the Company and its subsidiary and the Company’s reporting currency is the United States dollar. Earnings and loss per common share is calculated based on the weighted average number of common shares outstanding during the year. The Company follows the treasury stock method in the calculation of diluted earnings per share. Under the treasury stock method, the weighted average number of common shares outstanding used for the calculation of diluted loss per share assumes that the proceeds to be received on the exercise of dilutive stock options and warrants are used to repurchase common shares at the average market price during the period. Compensation expense for options granted to employees, directors and certain service providers is determined based on estimated fair values of the options at the time of grant using the Black-Scholes option pricing model, which takes into account, as of the grant date, the fair market value of the shares, expected volatility, expected dividend yield and the risk-free interest rate over the expected life of the option. The compensation cost is recognized using the graded attribution method over the vesting period of the respective options. The expense relating to the fair value of stock options is included in expenses and is credited to contributed surplus. Shares are issued from treasury in settlement of options exercised. Compensation expense for restricted share units (“RSUs”) and deferred share units (“DSUs”) granted to employees and directors, respectively, is determined based on estimated fair values of the units at the time of grant using quoted market prices or at the time the units qualify for equity classification under ASC 718. The cost is recognized using the graded attribution method over the vesting period of the respective units. The expense relating to the fair value of the units is included in expenses and is credited to other liabilities or contributed surplus based on the unit’s classification. Units may be settled in either i) cash, and/or ii) shares purchased in the open market, and/or iii) shares issued from treasury, at the Company’s election at the time of vesting. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions of future events that affect the reported amount of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements, and the reported amounts of expenditures during the period. Significant estimates include the assessment of impairment of mineral properties, , income taxes, and the valuation of stock-based compensation. Actual results could differ materially from those Statement of cash flows In November 2016, the FASB issued guidance regarding the presentation of restricted cash in the statement of cash flows (“ASU 2016-18”). This update is effective for annual reporting periods beginning after December 15, 2017, and early adoption is permitted. The Company has analyzed the impact of the update and determined that the clarification will not affect the Company’s presentation on its statement of cash flows. The Company early adopted the standard during the year. As there was no impact on the Company’s statement of cash flows, there were no changes as a result of adopting the standard. i. Leases In February 2016, the FASB issued new accounting requirements for accounting for, presentation of, and classification of leases (“ASU 2016-02”). This will result in most leases being capitalized as a right of use asset with a related liability on the balance sheets. The requirements of the new standard are effective for annual reporting periods beginning after December 15, 2018, and interim periods within those annual periods, which for us is the first quarter of fiscal year 2020. We expect the adoption will have an impact as we expect to capitalize leases, specifically our office leases that are not currently recognized on the balance sheets and we are in the process of analyzing the quantitative impact of this guidance on our results of operations and financial position. The impact of this adoption will increase asset and liability balances as part of recognizing the leases on the balance sheet. It will impact the statement of loss and comprehensive loss due to the recognition of depreciation on the leased assets and interest expense from the lease liability compared to the current recognition of lease expense as incurred. ii. Financial instruments In March 2016, the FASB issued new guidance on classifying and measuring financial instruments (“ASU 2016-02”). This update is effective for annual reporting periods beginning after December 15, 2017, and early adoption is permitted. The Company has analyzed the impact of the update and determined that the changes to classification and measurement of financial instruments are not expected to have an impact as the Company’s current equity investments are held at fair value with changes recorded to the statement of loss and comprehensive loss. The remaining changes in the update do not have an effect on the Company’s accounting for financial instruments. The standard will be effective for the Company for the fiscal year ended November 30, 2018. iii. Stock-based compensation In March 2016, the FASB issued new guidance simplifying the accounting for stock-based compensation transactions, including income tax consequences, classification of awards as equity or liabilities, forfeitures, and classification on the statement of cash flows (“ASU 2016-09”). This update is effective for annual reporting periods beginning after December 15, 2016, and early adoption is permitted. The Company has analyzed the impact of the update and determined that the simplification applied to accounting for forfeitures may affect the results of operations and financial position as it could alter the timing of recognition of forfeitures. The Company is currently considering its policy choice. The remaining changes in the update do not have an effect on the Company’s accounting for stock-based compensation. The standard will be effective for the Company for the fiscal year ended November 30, 2018. iv. Business combinations In January 2017, the FASB issued new guidance to assist in determining if a set of assets and activities being acquired or sold is a business (“ASU 2017-01”). It also provided a framework to assist entities in evaluating whether both an input and a substantive process are present, which at a minimum, must be present to be considered a business. This update is effective for annual reporting periods beginning after December 15, 2017, and early adoption is permitted in most circumstances. The standard does not have an impact to the Company’s historical recognition of asset acquisitions and business combinations, however, it expects there would be an impact to how the Company accounts for assets acquired in the future. The Company plans to adopt the standard early for the fiscal year ended November 30, 2018.

Investments

Investments	12 Months Ended
	Nov. 30, 2017
Investments, All Other Investments [Abstract]
Investments [Text Block]	3 Investments On September 1, 2016, Trilogy acquired 5,000,000 1,000,000 3.50 100 in thousands of dollars November 30, 2017 November 30, 2016 Current investments 2,516 7,538 Long-term investments - 297 Investments 2,516 7,835 During the year ended November 30, 2017, the Company sold 2,525,000 3.5 0.6 110,000 0.2 0.06 1.6 0.1 As at November 30, 2017, the Company held 2,365,000 4,890,000 1,000,000 1,000,000

Plant and equipment

Plant and equipment	12 Months Ended
	Nov. 30, 2017
Property, Plant and Equipment [Abstract]
Plant and equipment [Text Block]	4 Plant and equipment November 30, 2017 Cost Accumulated Net British Columbia, Canada Furniture and equipment 63 (4) 59 Leasehold improvements 85 (34) 51 Computer hardware and software 108 (105) 3 Alaska, USA Machinery, and equipment 3,178 (2,855) 323 Vehicles 348 (309) 39 Computer hardware and software 35 (32) 3 3,817 (3,339) 478 in thousands of dollars November 30, 2016 Cost Accumulated Net British Columbia, Canada Furniture and equipment 46 (33) 13 Leasehold improvements 32 (28) 4 Computer hardware and software 108 (96) 12 Alaska, USA Machinery, and equipment 2,921 (2,798) 123 Vehicles 348 (285) 63 Computer hardware and software 31 (31) - 3,486 (3,271) 215

Mineral properties and developm

Mineral properties and development costs	12 Months Ended
	Nov. 30, 2017
Mineral Industries Disclosures [Abstract]
Mineral properties and development costs [Text Block]	5 Mineral properties and development costs November 30, 2016 Acquisition costs November 30, 2017 Alaska, USA Ambler (a) 26,586 1 26,587 Bornite (b) 4,000 - 4,000 30,586 - 30,587 in thousands of dollars November 30, 2015 Acquisition costs November 30, 2016 Alaska, USA Ambler (a) 26,586 - 26,586 Bornite (b) 4,000 - 4,000 30,586 30,586 (a) Ambler On January 11, 2010, NovaGold Resources Inc. (“NovaGold”), through Alaska Gold Company (“AGC”), at the time a wholly-owned subsidiary, purchased 100 26.6 1 10.0 The Ambler lands were acquired on October 17, 2011 by Trilogy Metals US through a purchase and sale agreement with AGC. On October 24, 2011, NovaGold transferred its ownership of Trilogy Metals US to the Company, then a wholly owned subsidiary of NovaGold, which was subsequently spun-out to NovaGold shareholders and publicly listed on April 30, 2012 (“NovaGold Arrangement”). Minor staking of $1 added to the Ambler land holdings during the year ended November 30, 2017. (b) Bornite On October 19, 2011, Trilogy Metals US acquired the exclusive right to explore and the non-exclusive right to access and enter on the Bornite lands, and lands deeded to NANA Regional Corporation, Inc. (“NANA”) through the Alaska Native Claims Settlement Act, located adjacent to the Ambler lands in Northwest Alaska. As consideration, Trilogy Metals US paid $ 4 16 25 15 40 NANA would also be granted a net smelter return royalty of between 1 2.5 (c) Option Agreement On April 10, 2017, Trilogy and Trilogy Metals US entered into an Option Agreement to Form a Joint Venture with South32 Group Operations Pty Ltd., a wholly-owned subsidiary of South32 Limited, (“South32”) on the UKMP (“Option Agreement”). Trilogy Metals US has granted South32 the right to form a 50/50 joint venture to hold all of Trilogy Metals US’ Alaskan assets. Upon exercise of the option, Trilogy Metals US will transfer its Alaskan assets, including the UKMP, and South32 will contribute a minimum of $ 150 5 To maintain the option in good standing, South32 is required to fund a minimum of $ 10 10 The Company received $ 10.0 0.4 As the initial option payments are credited against the future subscription price upon exercise, the Company has accounted for the payment received as deferred consideration for the purchase of the UKMP interest. At such time as the option is exercised, the initial payments received to that date will be recognized as part of the consideration received for the Company’s contribution of the UKMP into JV LLC. If South 32 withdraws from the Option Agreement, the consideration will be recognized in the statement of loss at that time. The option to form the JV LLC is recognized as a financial instrument at inception of the arrangement with an initial fair value of $nil. This option is required to be re-measured at fair value at each reporting date with any changes in fair value recorded in loss for the period. The Company determined that the fair value of the option is still at $nil as at November 30, 2017. (d) Mineral properties expense In thousands of dollars 2017 2016 2015 $ $ $ Alaska, USA Community 318 299 126 Drilling 5,074 712 698 Engineering 1,840 699 441 Environmental 299 314 88 Geochemistry and geophysics 357 82 70 Land and permitting 795 426 421 Other income (25) (34) (209) Project support 3,836 1,254 1,411 Wages and benefits 2,606 1,285 1,122 Mineral property expense 15,100 5,037 4,167 Mineral property expenses consist of direct drilling, personnel, community, resource reporting and other exploration expenses as outlined above, as well as indirect project support expenses such as fixed wing charters, helicopter support, fuel, and other camp operation costs. Cumulative mineral properties expense in Alaska from the initial earn-in agreement on the property in 2004 to November 30, 2017 is $ 78.1 30.6 108.7

Accounts payable and accrued li

Accounts payable and accrued liabilities	12 Months Ended
	Nov. 30, 2017
Accounts Payable and Accrued Liabilities [Abstract]
Accounts payable and accrued liabilities [Text Block]	6 Accounts payable and accrued liabilities November 30, 2017 November 30, 2016 Trade accounts payable 2,767 160 Accrued liabilities 1,293 281 Accrued salaries and vacation 189 152 Accounts payable and accrued liabilities 4,249 593

Sale of Sunward Investments Ltd

Sale of Sunward Investments Ltd	12 Months Ended
	Nov. 30, 2017
Discontinued Operations and Disposal Groups [Abstract]
Sale of Sunward Investments Ltd [Text Block]	7 Sale of Sunward Investments Ltd On September 1, 2016, Trilogy completed the sale of all of the issued and outstanding shares of Sunward Investments to GMI for consideration of 5,000,000 common shares of GMI valued at $ 7.8 1,000,000 3.50 0.3 8.1 100 4.4 in thousands of dollars $ Consideration received 8,102 Cash reimbursement from GMI 51 Net assets sold (3,545) Transaction costs (160) Gain on sale of Sunward Investments 4,448 The fair value of the common shares received was determined based on the closing price of GMI of $ 1.56 2.04 The common shares and warrants received have been designated as held-for-trading financial assets (note 3). in thousands of dollars December 1, 2015 - June 19, 2015 – Amortization 95 63 Foreign exchange loss 4 23 General and administrative 5 3 Mineral properties expense 460 309 Professional fees 34 - Discontinued operations expense for the year 598 398 Gain on sale of Sunward Investments Ltd. (4,448) - (Income)/loss from discontinued operations for the year (3,850) 398

Acquisition of Sunward Resource

Acquisition of Sunward Resources Ltd.	12 Months Ended
	Nov. 30, 2017
Acquisition of Sunward Resources Ltd [Abstract]
Acquisition of Sunward Resources Ltd [Text Block]	8 Acquisition of Sunward Resources Ltd. On June 19, 2015, the Company closed a definitive agreement to acquire all of the issued and outstanding common shares of Sunward, by way of a court-approved plan of arrangement (the “Sunward Arrangement”). Under the terms of the Sunward Arrangement, Sunward shareholders received 0.3 43,116,312 8,350,000 2,505,000 43,116,312 22.9 2,505,000 0.1 0.53 Risk-free interest rates 0.62 % Exercise price CDN$0.54-6.27 Expected life 0.245 years Expected forfeiture rate 0 % Expected volatility 50.2 % Expected dividends Nil This acquisition was accounted for as a business combination under ASC 805. The Company incurred $ 0.8 in thousands of dollars $ Consideration: Common shares issued (43,116,312 at $0.53 per share) 22,851 Sunward Arrangement Options 108 Total consideration 22,959 Fair value of net assets acquired: Cash 19,399 Accounts receivable 19 Deposits and prepaid amounts 104 Plant and equipment 343 Mineral properties and developments costs 3,264 Accounts payable and accrued liabilities (170) Net Assets 22,959 The consolidated financial statements included herein reflect the results of operations of Sunward since the June 19, 2015 acquisition date. Following the announcement of the sale of Sunward Investments outlined in note 7, the operations were classified as discontinued operations.

Share capital

Share capital	12 Months Ended
	Nov. 30, 2017
Equity [Abstract]
Share capital [Text Block]	9 Share capital Authorized: unlimited common shares, no par value Number of shares Ascribed value November 30, 2014 60,296,365 111,833 Issued pursuant to the Sunward Arrangement 43,116,312 22,851 Exercise of options 7,499 7 Exercise of Sunward Arrangement Options 347,999 177 Restricted Share Units 795,368 819 Deferred Share Units 232,878 353 November 30, 2015 104,796,421 136,040 Exercise of options 162,854 65 Restricted Share Units 108,399 34 Deferred Share Units 218,795 218 November 30, 2016 105,286,469 136,357 Exercise of options 188,856 85 Restricted Share Units 209,198 83 November 30, 2017, issued and outstanding 105,684,523 136,525 On April 30, 2012, under the NovaGold Arrangement, Trilogy committed to issue common shares to satisfy holders of NovaGold deferred share units (“NovaGold DSUs”), once vested, on record as of the close of business April 27, 2012. When vested, Trilogy committed to deliver one Common Share to the holder for every six shares of NovaGold the holder is entitled to receive, rounded down to the nearest whole number. As of November 30, 2017, 20,685 3,447 Refer to note 8 for a description of Common Shares issued pursuant to the Sunward Arrangement. All Sunward Arrangement Options have been exercised or expired. (a) Stock options The Company has a stock option plan providing for the issuance of options with a rolling maximum number equal to 10% of the issued and outstanding Common Shares at any given time. The Company may grant options to its directors, officers, employees and service providers. The exercise price of each option cannot be lower than the greater of market price or fair market value of the Common Shares (as such terms are defined in the plan) at the date of the option grant. The number of Common Shares optioned to any single optionee may not exceed 10 During the year ended November 30, 2017, 1,695,000 1,785,000 0.69 0.43 0.22 0.13 Assumptions used in the pricing model for the period are as provided below. November 30, 2017 November 30, 2016 November 30, 2015 Risk-free interest rates 0.90 % 0.52 % 0.42-1.12 % Exercise price CDN$0.69 CDN$0.43 CDN$0.55 Expected life 3.0 years 3.0 years 3.0 years Expected volatility 74.2 % 59.4 % 56.8-59.5 % Expected dividends Nil Nil Nil The Company recognized a stock option payment charge of $ 0.4 0.4 0.7 As of November 30, 2017, there were 993,342 0.65 0.05 November 30, 2017 Number of options Weighted average Balance – beginning of year 6,049,433 0.50 Granted 1,695,000 0.55 Exercised (447,604) 0.46 Forfeited (169,329) 0.49 Balance – end of year 7,127,500 0.54 Outstanding Exercisable Unvested Range of price Number of Weighted Weighted Number of Weighted Number of $0.33 to $0.50 4,242,500 2.70 0.40 3,975,831 0.41 266,669 $0.51 to $1.00 2,830,000 3.08 0.72 2,103,327 0.78 726,673 $1.01 to $1.54 55,000 0.42 1.54 55,000 1.54 - 7,127,500 2.84 0.54 6,134,158 0.54 993,342 The aggregate intrinsic value of vested share options (the market value less the exercise price) at November 30, 2017 was $ 1.8 0.6 0.2 0.1 (b) NovaGold Arrangement Options Under the NovaGold Arrangement, holders of NovaGold stock options received one option in Trilogy for every six options held in NovaGold (“NovaGold Arrangement Options”). All remaining NovaGold Arrangement Options expired unexercised during fiscal 2017. November 30, 2017 Number of options Weighted average Balance – beginning of year 312,195 4.28 Expired (312,195) 4.28 Balance – end of year - - (c) Restricted Share Units and Deferred Share Units The Company has a Restricted Share Unit Plan (“RSU Plan”) and a Non-Executive Director Deferred Share Unit Plan (“DSU Plan”) to provide long-term incentives to employees, officers and directors. The RSU Plan and DSU Plan may be settled in cash and/or Common Shares at the Company’s election with each RSU and DSU entitling the holder to receive one common share of the Company or equivalent value. All units are accounted for as equity-settled awards. On December 15, 2016, 600,000 115,841 Number of RSUs Number of DSUs Balance – beginning of year 400,001 925,390 Granted 600,000 115,841 Vested/paid (399,999) - Balance – end of year 600,002 1,041,231 For the year ended November 30, 2017, Trilogy recognized a stock-based compensation charge of $ 0.4 0.3 0.1 (d) Share Purchase Warrants Number of Weighted average Weighted average Balance – beginning of year 6,521,740 2.60 1.60 Balance – end of year 6,521,740 1.60 1.60

Management of capital risk

Management of capital risk	12 Months Ended
	Nov. 30, 2017
Equity [Abstract]
Management of capital risk [Text Block]	Management of capital risk The Company relies upon management to manage capital in order to accomplish the objectives of safeguarding the Company’s ability to continue as a going concern in order to pursue the development of its mineral properties and maintain a capital structure which optimizes the costs of capital at an acceptable risk. The Company’s current capital consists of equity funding through capital markets, project funding by South32, cash acquired from the Sunward Arrangement, and the sale of investments. As the Company is currently in the exploration phase none of its financial instruments are exposed to commodity price risk; however, the Company’s ability to obtain long-term financing and its economic viability may be affected by commodity price volatility. The Company will need to raise additional funds to support its operations and administration expenses. Future sources of liquidity may include sales of investments, equity financing, debt financing, convertible debt, or other means. To facilitate the management of its capital requirements, the Company prepares annual expenditure budgets that are updated as necessary depending on various factors, including successful capital deployment and general industry conditions.

Financial instruments

Financial instruments	12 Months Ended
	Nov. 30, 2017
Financial Instruments [Abstract]
Financial instruments [Text Block]	11 Financial instruments The Company is exposed to a variety of risks arising from financial instruments. These risks and management’s objectives, policies and procedures for managing these risks are disclosed as follows. The Company’s financial instruments consist of cash and cash equivalents, accounts receivable, deposits, investments, and accounts payable and accrued liabilities. The fair value of the Company’s 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, accounts receivable, deposits, and accounts payable and accrued liabilities. The Company’s investments are held for trading and are marked-to-market at each period end with changes in fair value recorded to the statement of loss. The South32 purchase option is a derivative financial liability measured at fair value with changes in value recorded to the statement of loss. Financial risk management The Company’s activities expose them to certain financial risks, including currency risk, credit risk, liquidity risk, interest risk and price risk. (a) Currency risk Currency risk is the risk of a fluctuation in financial asset and liability settlement amounts due to a change in foreign exchange rates. The Company operates in the United States and Canada. The Company’s exposure to currency risk at November 30, 2017 is limited the Canadian dollar balances consisting of cash of CDN$ 2,454,000 513,000 116,000 3,242,000 1,275,000 10 356,000 (b) Credit risk Credit risk is the risk of an unexpected loss if a customer or third party to a financial instrument fails to meet its contractual obligations. The Company holds cash and cash equivalents with Canadian Chartered financial institutions. The Company’s accounts receivable consists of GST receivable from the Federal Government of Canada, receivable for tenant improvements and other receivables for recoverable expenses. The Company’s exposure to credit risk is equal to the balance of cash and cash equivalents and accounts receivable as recorded in the financial statements. (c) Liquidity risk Liquidity risk is the risk that the Company will encounter difficulties raising funds to meet its financial obligations as they fall due. The Company is in the exploration stage and does not have cash inflows from operations; therefore, the Company manages liquidity risk through the management of its capital structure and financial leverage. Management does expect to monetize its investments held over the next year to assist in meeting its operational requirements. Future sources of liquidity may include the sale of investments, equity financing, receipt of project funding from S32, debt financing, convertible debt, or other means. in thousands of dollars Total < 1 Year 1–2 Years 2–5 Years Thereafter Accounts payable and accrued liabilities 4,249 4,249 - - - Office lease (note 12) 1,272 173 179 587 333 5,521 4,422 179 587 333 On February 21, 2017, the Company entered into a lease for office space effective July 1, 2017 for a period of seven years with a total commitment of $ 1.3 (d) Interest rate risk Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company is exposed to interest rate risk with respect to interest earned on cash and cash equivalents. Based on balances as at November 30, 2017, a 1 0.1 As we are currently in the exploration phase none of our financial instruments are exposed to commodity price risk; however, our ability to obtain long-term financing and its economic viability could be affected by commodity price volatility. 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 in thousands of dollars November 30, 2017 November 30, 2016 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Investments – shares 2,514 - - 7,538 - - Investments – warrants - - 2 - - 297 The Company’s investments consist of shares and warrants in a publicly-held mining company. The share investments are valued using quoted market prices in active markets and as such are classified as a Level 1 financial instrument. The warrants are valued using a Black-Scholes pricing model and are considered a Level 3 financial instrument because the valuation models have significant unobservable inputs.

Income taxes

Income taxes	12 Months Ended
	Nov. 30, 2017
Income Tax Disclosure [Abstract]
Income taxes [Text Block]	Income taxes in thousands of dollars November 30, 2017 November 30, 2016 November 30, 2015 Combined federal and provincial statutory tax rate 26.00 % 26.00 % 26.00 % Income taxes at statutory rate (5,486) (1,264) (2,479) Difference in foreign tax rates (2,267) (750) (680) Effect of foreign exchange changes - (339) 2,264 Non-taxable gain on the sale of Sunward Investments - (545) - Non-deductible expenditures 4,664 175 239 Return to provision adjustments (72) (510) (102) Other (357) (68) - Disposition of Sunward Investments - 7,051 - Valuation allowance 3,518 (3,750) 758 Income tax expense - - - Deferred income taxes arise from temporary differences in the recognition of income and expenses for financial reporting and tax purposes. in thousands of dollars November 30, 2017 November 30, 2016 Deferred income tax assets Non-capital losses 61,400 58,204 Mineral property interest 14,625 14,491 Deferred interest 9,040 9,040 Property, plant and equipment 57 47 Share issuance costs 127 126 Capital Loss 60 - Investments 201 - Other deductible temporary differences 353 450 Total deferred tax assets 85,863 82,358 Valuation allowance (85,862) (82,344) Net deferred income tax assets 1 14 Deferred income tax liabilities Mineral property interest - - Other taxable temporary differences (1) (14) Deferred income tax liabilities (1) (14) Net deferred income tax assets - - On December 22, 2017, the U.S. Tax Cuts and Jobs Act (“Act”) was passed into law. The new legislation decreases the corporate federal income tax rate from 35 21 22.2 21 We estimate a reduction in our available future 23.5 our net The Company has loss carry-forwards of approximately $ 160.9 in thousands of dollars Non-capital losses Operating losses 2018 - 4,206 2019 - 975 2020 - 830 2021 - 1 Thereafter 33,570 121,295 33,570 127,307 Future use of U.S. loss carry-forwards is subject to certain limitations under provisions of the Internal Revenue Code including limitations subject to Section 382, which relates to a 50 39.4 An additional change in control may have occurred after November 30, 2011 which may further limit the availability of losses prior to the date of change in control. On June 19, 2015, we completed the Sunward acquisition which resulted in an acquisition of control of Sunward Resources ULC under of the Income Tax Act in Canada. Therefore, the Company’s ability to use approximately $ 15.2

Commitment

Commitment	12 Months Ended
	Nov. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitment [Text Block]	13 Commitment November 30, 2017 2018 173 2019 179 2020 188 2021 197 Thereafter 535 Total 1,272

Subsequent events

Subsequent events	12 Months Ended
	Nov. 30, 2017
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Subsequent events On December 7, 2017, 525,000 1,455,000 300,000 300,000 On December 22, 2017, 75,000 75,000 On January 2, 2018, 70,000 RSUs vesting in December were settled on December 27, 2017 through the issuance of 800,000 Through December 2017 and January 2018, the Company received proceeds of C$ 1.4 On January 24, 2018, the Company received payment from South32 completing receipt of the second tranche under the Option Agreement of $ 10

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Nov. 30, 2017
Accounting Policies [Abstract]
Basis of presentation [Policy Text Block]	These consolidated financial statements have been prepared using accounting principles generally accepted in the United States (“U.S. GAAP”) and include the accounts of Trilogy and its wholly-owned subsidiary, NovaCopper US Inc. (“Trilogy Metals US”). All significant intercompany transactions are eliminated on consolidation. These consolidated financial statements included the accounts of Sunward Resources Ltd. (“Sunward”), Sunward Investments Ltd. (“Sunward Investments”) and Sunward Resources Limited (“Sunward BVI”) for the period June 19, 2015 to September 1, 2016, inclusive. At the time, Sunward BVI had a registered a branch, Sunward Resources Sucursal Colombia, to do business in Colombia. All figures are in United States dollars unless otherwise noted. References to CDN$ refer to amounts in Canadian dollars. These financial statements were approved by the Company’s Board of Directors for issue on February 1, 2018.
Cash and cash equivalents [Policy Text Block]	Cash and cash equivalents Cash and cash equivalents comprise of highly liquid investments maturing less than 90 days from date of initial investment. Cash and cash equivalents are designated as loans and receivables.
Plant and equipment [Policy Text Block]	Plant and equipment Plant and equipment are recorded at cost and amortization begins when the asset is put into service. Amortization is calculated on a straight-line basis over the respective assets’ estimated useful lives. Computer hardware and software 3 years Machinery and equipment 3 years Office furniture and equipment 5 years Vehicles 3 years Leasehold Improvements lease term
Mineral properties and development costs [Policy Text Block]	Mineral properties and development costs All direct costs related to the acquisition of mineral property interests are capitalized. Mineral property exploration expenditures are expensed when incurred. When it has been established that a mineral deposit is commercially mineable, an economic analysis has been completed in accordance with SEC Industry Guide 7 and permits are obtained, the costs subsequently incurred to develop a mine on the property prior to the start of mining operations are capitalized. Capitalized costs will be amortized following commencement of production using the unit of production method over the estimated life of proven and probable reserves. The acquisition of title to mineral properties is a complicated and uncertain process. The Company has taken steps, in accordance with industry standards, to verify the title to mineral properties in which it has an interest. Although the Company has made efforts to ensure that legal titles to its mining assets are properly recorded, there can be no assurance that such title will be secured indefinitely.
Impairment of long-lived assets [Policy Text Block]	Impairment of long-lived assets Management assesses the possibility of impairment in the carrying value of long-lived assets whenever events or circumstances indicate that the carrying amounts of the asset or asset group may not be recoverable. Management calculates the estimated undiscounted future net cash flows relating to the asset or asset group using estimated future prices, proven and probable reserves and other mineral resources, and operating, capital and reclamation costs. When the carrying value of an asset exceeds the related undiscounted cash flows, the asset is written down to its estimated fair value, which is usually determined using discounted future cash flows. Management’s estimates of mineral prices, mineral resources, foreign exchange rates, production levels operating, capital and reclamation costs are subject to risk and uncertainties that may affect the determination of the recoverability of the long-lived asset. It is possible that material changes could occur that may adversely affect management’s estimates.
Income taxes [Policy Text Block]	The liability method of accounting for income taxes is used and is based on differences between the accounting and tax bases of assets and liabilities. Deferred income tax assets and liabilities are recognized for temporary differences between the tax and accounting basis of assets and liabilities as well as for the benefit of losses available to be carried forward to future years for tax purposes using enacted income tax rates expected to be in effect for the period in which the differences are expected to reverse. Deferred income tax assets are evaluated and, if realization is not considered more likely than not, a valuation allowance is provided.
Uncertainty in income tax positions [Policy Text Block]	Uncertainty in income tax positions The Company recognizes tax benefits from uncertain tax positions only if it is at least more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. Any tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50
Financial instruments [Policy Text Block]	Financial instruments Held-for-trading financial assets and liabilities are recorded at fair value as determined by active market prices or valuation models, as appropriate. Valuation models require the use of assumptions which may include the expected life of the instrument, the expected volatility, dividend payouts, and interest rates. In determining these assumptions, management uses readily observable market inputs where available or, where not available, inputs generated by management. Changes in fair value of held-for-trading financial instruments are recorded in income or loss for the period. Held-for-trading financial assets consist of common share and warrant investments in a publicly-held mining company. Available-for-sale financial assets are recorded at fair value as determined by active market prices. Unrealized gains and losses on available-for-sale investments are recognized in other comprehensive income. If a decline in fair value is deemed to be other than temporary, the unrealized loss is recognized in net earnings. Investments in equity instruments that do not have an active quoted market price are measured at cost. The Company has no available-for-sale financial assets. Loans and receivables are recorded initially at fair value, net of transaction costs incurred, and subsequently at amortized cost using the effective interest rate method. Loans and receivables consist of cash and cash equivalents, accounts receivable, and deposits. Other financial liabilities are recorded initially at fair value and subsequently at amortized cost using the effective interest rate method. Other financial liabilities include accounts payable and accrued liabilities.
Translation of foreign currencies [Policy Text Block]	Translation of foreign currencies Monetary assets and liabilities are translated into United States dollar at the exchange rate in effect at the balance sheet date, and non-monetary assets and liabilities at the exchange rate in effect at the time of acquisition or issue. Income and expenses are translated at rates approximating the exchange rate in effect at the time of transactions. Exchange gains or losses arising on translation are included in income or loss for the period. The functional currency of the Company and its subsidiary and the Company’s reporting currency is the United States dollar.
Loss per share [Policy Text Block]	Earnings and loss per share Earnings and loss per common share is calculated based on the weighted average number of common shares outstanding during the year. The Company follows the treasury stock method in the calculation of diluted earnings per share. Under the treasury stock method, the weighted average number of common shares outstanding used for the calculation of diluted loss per share assumes that the proceeds to be received on the exercise of dilutive stock options and warrants are used to repurchase common shares at the average market price during the period.
Stock-based compensation [Policy Text Block]	Stock-based compensation Compensation expense for options granted to employees, directors and certain service providers is determined based on estimated fair values of the options at the time of grant using the Black-Scholes option pricing model, which takes into account, as of the grant date, the fair market value of the shares, expected volatility, expected dividend yield and the risk-free interest rate over the expected life of the option. The compensation cost is recognized using the graded attribution method over the vesting period of the respective options. The expense relating to the fair value of stock options is included in expenses and is credited to contributed surplus. Shares are issued from treasury in settlement of options exercised. Compensation expense for restricted share units (“RSUs”) and deferred share units (“DSUs”) granted to employees and directors, respectively, is determined based on estimated fair values of the units at the time of grant using quoted market prices or at the time the units qualify for equity classification under ASC 718. The cost is recognized using the graded attribution method over the vesting period of the respective units. The expense relating to the fair value of the units is included in expenses and is credited to other liabilities or contributed surplus based on the unit’s classification. Units may be settled in either i) cash, and/or ii) shares purchased in the open market, and/or iii) shares issued from treasury, at the Company’s election at the time of vesting.
Use of estimates and measurement uncertainties [Policy Text Block]	Use of estimates and measurement uncertainties The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions of future events that affect the reported amount of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements, and the reported amounts of expenditures during the period. Significant estimates include the assessment of impairment of mineral properties, , income taxes, and the valuation of stock-based compensation. Actual results could differ materially from those
Accounting standards adopted [Policy Text Block]	Accounting standards adopted Statement of cash flows In November 2016, the FASB issued guidance regarding the presentation of restricted cash in the statement of cash flows (“ASU 2016-18”). This update is effective for annual reporting periods beginning after December 15, 2017, and early adoption is permitted. The Company has analyzed the impact of the update and determined that the clarification will not affect the Company’s presentation on its statement of cash flows. The Company early adopted the standard during the year. As there was no impact on the Company’s statement of cash flows, there were no changes as a result of adopting the standard.
Recent accounting pronouncements [Policy Text Block]	i. Leases In February 2016, the FASB issued new accounting requirements for accounting for, presentation of, and classification of leases (“ASU 2016-02”). This will result in most leases being capitalized as a right of use asset with a related liability on the balance sheets. The requirements of the new standard are effective for annual reporting periods beginning after December 15, 2018, and interim periods within those annual periods, which for us is the first quarter of fiscal year 2020. We expect the adoption will have an impact as we expect to capitalize leases, specifically our office leases that are not currently recognized on the balance sheets and we are in the process of analyzing the quantitative impact of this guidance on our results of operations and financial position. The impact of this adoption will increase asset and liability balances as part of recognizing the leases on the balance sheet. It will impact the statement of loss and comprehensive loss due to the recognition of depreciation on the leased assets and interest expense from the lease liability compared to the current recognition of lease expense as incurred. ii. Financial instruments In March 2016, the FASB issued new guidance on classifying and measuring financial instruments (“ASU 2016-02”). This update is effective for annual reporting periods beginning after December 15, 2017, and early adoption is permitted. The Company has analyzed the impact of the update and determined that the changes to classification and measurement of financial instruments are not expected to have an impact as the Company’s current equity investments are held at fair value with changes recorded to the statement of loss and comprehensive loss. The remaining changes in the update do not have an effect on the Company’s accounting for financial instruments. The standard will be effective for the Company for the fiscal year ended November 30, 2018. iii. Stock-based compensation In March 2016, the FASB issued new guidance simplifying the accounting for stock-based compensation transactions, including income tax consequences, classification of awards as equity or liabilities, forfeitures, and classification on the statement of cash flows (“ASU 2016-09”). This update is effective for annual reporting periods beginning after December 15, 2016, and early adoption is permitted. The Company has analyzed the impact of the update and determined that the simplification applied to accounting for forfeitures may affect the results of operations and financial position as it could alter the timing of recognition of forfeitures. The Company is currently considering its policy choice. The remaining changes in the update do not have an effect on the Company’s accounting for stock-based compensation. The standard will be effective for the Company for the fiscal year ended November 30, 2018. iv. Business combinations In January 2017, the FASB issued new guidance to assist in determining if a set of assets and activities being acquired or sold is a business (“ASU 2017-01”). It also provided a framework to assist entities in evaluating whether both an input and a substantive process are present, which at a minimum, must be present to be considered a business. This update is effective for annual reporting periods beginning after December 15, 2017, and early adoption is permitted in most circumstances. The standard does not have an impact to the Company’s historical recognition of asset acquisitions and business combinations, however, it expects there would be an impact to how the Company accounts for assets acquired in the future. The Company plans to adopt the standard early for the fiscal year ended November 30, 2018.

Summary of significant accoun22

Summary of significant accounting policies (Tables)	12 Months Ended
	Nov. 30, 2017
Accounting Policies [Abstract]
Schedule of Plant and Equipment Estimated Useful Lives [Table Text Block]	Amortization periods by asset class are: Computer hardware and software 3 years Machinery and equipment 3 years Office furniture and equipment 5 years Vehicles 3 years Leasehold Improvements lease term

Investments (Tables)

Investments (Tables)	12 Months Ended
	Nov. 30, 2017
Investments, All Other Investments [Abstract]
Marketable Securities [Table Text Block]	The common shares and warrants received have been designated as held-for-trading financial assets. The fair value of the common shares is determined based on the closing price at each period end. The fair value of the GMI warrants is determined using the Black-Scholes option pricing model at each period end. in thousands of dollars November 30, 2017 November 30, 2016 Current investments 2,516 7,538 Long-term investments - 297 Investments 2,516 7,835

Plant and equipment (Tables)

Plant and equipment (Tables)	12 Months Ended
	Nov. 30, 2017
Property, Plant and Equipment [Abstract]
Schedule of Plant and Equipment [Table Text Block]	in thousands of dollars November 30, 2017 Cost Accumulated Net British Columbia, Canada Furniture and equipment 63 (4) 59 Leasehold improvements 85 (34) 51 Computer hardware and software 108 (105) 3 Alaska, USA Machinery, and equipment 3,178 (2,855) 323 Vehicles 348 (309) 39 Computer hardware and software 35 (32) 3 3,817 (3,339) 478 in thousands of dollars November 30, 2016 Cost Accumulated Net British Columbia, Canada Furniture and equipment 46 (33) 13 Leasehold improvements 32 (28) 4 Computer hardware and software 108 (96) 12 Alaska, USA Machinery, and equipment 2,921 (2,798) 123 Vehicles 348 (285) 63 Computer hardware and software 31 (31) - 3,486 (3,271) 215

Mineral properties and develo25

Mineral properties and development costs (Tables)	12 Months Ended
	Nov. 30, 2017
Mineral Industries Disclosures [Abstract]
Schedule of Mineral Properties and Development Costs [Table Text Block]	in thousands of dollars November 30, 2016 Acquisition costs November 30, 2017 Alaska, USA Ambler (a) 26,586 1 26,587 Bornite (b) 4,000 - 4,000 30,586 - 30,587 in thousands of dollars November 30, 2015 Acquisition costs November 30, 2016 Alaska, USA Ambler (a) 26,586 - 26,586 Bornite (b) 4,000 - 4,000 30,586 30,586 (a) Ambler On January 11, 2010, NovaGold Resources Inc. (“NovaGold”), through Alaska Gold Company (“AGC”), at the time a wholly-owned subsidiary, purchased 100 26.6 1 10.0 The Ambler lands were acquired on October 17, 2011 by Trilogy Metals US through a purchase and sale agreement with AGC. On October 24, 2011, NovaGold transferred its ownership of Trilogy Metals US to the Company, then a wholly owned subsidiary of NovaGold, which was subsequently spun-out to NovaGold shareholders and publicly listed on April 30, 2012 (“NovaGold Arrangement”). Minor staking of $1 added to the Ambler land holdings during the year ended November 30, 2017. (b) Bornite On October 19, 2011, Trilogy Metals US acquired the exclusive right to explore and the non-exclusive right to access and enter on the Bornite lands, and lands deeded to NANA Regional Corporation, Inc. (“NANA”) through the Alaska Native Claims Settlement Act, located adjacent to the Ambler lands in Northwest Alaska. As consideration, Trilogy Metals US paid $ 4 16 25 15 40 NANA would also be granted a net smelter return royalty of between 1 2.5
Schedule of Mineral Property Expenses [Table Text Block]	In thousands of dollars 2017 2016 2015 $ $ $ Alaska, USA Community 318 299 126 Drilling 5,074 712 698 Engineering 1,840 699 441 Environmental 299 314 88 Geochemistry and geophysics 357 82 70 Land and permitting 795 426 421 Other income (25) (34) (209) Project support 3,836 1,254 1,411 Wages and benefits 2,606 1,285 1,122 Mineral property expense 15,100 5,037 4,167

Accounts payable and accrued 26

Accounts payable and accrued liabilities (Tables)	12 Months Ended
	Nov. 30, 2017
Accounts Payable and Accrued Liabilities [Abstract]
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	in thousands of dollars November 30, 2017 November 30, 2016 Trade accounts payable 2,767 160 Accrued liabilities 1,293 281 Accrued salaries and vacation 189 152 Accounts payable and accrued liabilities 4,249 593

Sale of Sunward Investments L27

Sale of Sunward Investments Ltd (Tables)	12 Months Ended
	Nov. 30, 2017
Discontinued Operations and Disposal Groups [Abstract]
Gain On Sale of Business [Table Text Block]	The Company recognized a gain on the sale of Sunward Investments of $ 4.4 in thousands of dollars $ Consideration received 8,102 Cash reimbursement from GMI 51 Net assets sold (3,545) Transaction costs (160) Gain on sale of Sunward Investments 4,448
Schedule of Expenses Comprise the Discontinued Operations [Table Text Block]	Following the announcement, the Company classified the operations of Sunward Investments as discontinued operations, retrospectively. The following expenses comprise the discontinued operations of Sunward Investments and substantially the entire Colombian segment of the Company for the periods of ownership noted. in thousands of dollars December 1, 2015 - June 19, 2015 – Amortization 95 63 Foreign exchange loss 4 23 General and administrative 5 3 Mineral properties expense 460 309 Professional fees 34 - Discontinued operations expense for the year 598 398 Gain on sale of Sunward Investments Ltd. (4,448) - (Income)/loss from discontinued operations for the year (3,850) 398

Acquisition of Sunward Resour28

Acquisition of Sunward Resources Ltd. (Tables)	12 Months Ended
	Nov. 30, 2017
Acquisition of Sunward Resources Ltd [Abstract]
Schedule Of Acquisition Valuation Assumptions TextBlock [Table Text Block]	Assumptions used in the pricing model in the measurement of the fair value of the Sunward Arrangement Options are as follows: Risk-free interest rates 0.62 % Exercise price CDN$0.54-6.27 Expected life 0.245 years Expected forfeiture rate 0 % Expected volatility 50.2 % Expected dividends Nil
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The following summarizes the consideration and the fair value of assets acquired and liabilities assumed as of the date of acquisition: in thousands of dollars $ Consideration: Common shares issued (43,116,312 at $0.53 per share) 22,851 Sunward Arrangement Options 108 Total consideration 22,959 Fair value of net assets acquired: Cash 19,399 Accounts receivable 19 Deposits and prepaid amounts 104 Plant and equipment 343 Mineral properties and developments costs 3,264 Accounts payable and accrued liabilities (170) Net Assets 22,959

Share capital (Tables)

Share capital (Tables)	12 Months Ended
	Nov. 30, 2017
Equity [Abstract]
Schedule of Common Shares Issued and Outstanding [Table Text Block]	in thousands of dollars, except share amounts Number of shares Ascribed value November 30, 2014 60,296,365 111,833 Issued pursuant to the Sunward Arrangement 43,116,312 22,851 Exercise of options 7,499 7 Exercise of Sunward Arrangement Options 347,999 177 Restricted Share Units 795,368 819 Deferred Share Units 232,878 353 November 30, 2015 104,796,421 136,040 Exercise of options 162,854 65 Restricted Share Units 108,399 34 Deferred Share Units 218,795 218 November 30, 2016 105,286,469 136,357 Exercise of options 188,856 85 Restricted Share Units 209,198 83 November 30, 2017, issued and outstanding 105,684,523 136,525
Schedule of Stock Options, Valuation Assumptions [Table Text Block]	November 30, 2017 November 30, 2016 November 30, 2015 Risk-free interest rates 0.90 % 0.52 % 0.42-1.12 % Exercise price CDN$0.69 CDN$0.43 CDN$0.55 Expected life 3.0 years 3.0 years 3.0 years Expected volatility 74.2 % 59.4 % 56.8-59.5 % Expected dividends Nil Nil Nil
Schedule of Stock Options Activity [Table Text Block]	A summary of the Company’s stock option plan and changes during the year ended is as follows: November 30, 2017 Number of options Weighted average Balance – beginning of year 6,049,433 0.50 Granted 1,695,000 0.55 Exercised (447,604) 0.46 Forfeited (169,329) 0.49 Balance – end of year 7,127,500 0.54
Schedule of Disclosure of Stock Options Outstanding [Table Text Block]	The following table summarizes information about the stock options outstanding at November 30, 2017. Outstanding Exercisable Unvested Range of price Number of Weighted Weighted Number of Weighted Number of $0.33 to $0.50 4,242,500 2.70 0.40 3,975,831 0.41 266,669 $0.51 to $1.00 2,830,000 3.08 0.72 2,103,327 0.78 726,673 $1.01 to $1.54 55,000 0.42 1.54 55,000 1.54 - 7,127,500 2.84 0.54 6,134,158 0.54 993,342
Schedule of NovaGold Arrangement Options Activity [Table Text Block]	A summary of the NovaGold Arrangement Options and changes during the year ended November 30, 2017 is as follows: November 30, 2017 Number of options Weighted average Balance – beginning of year 312,195 4.28 Expired (312,195) 4.28 Balance – end of year - -
Schedule Of Restricted Share Units and Deferred Share Units plans [Table Text Block]	A summary of the Company’s unit plans and changes during the year ended is as follows: Number of RSUs Number of DSUs Balance – beginning of year 400,001 925,390 Granted 600,000 115,841 Vested/paid (399,999) - Balance – end of year 600,002 1,041,231
Schedule of Warrants, Activity [Table Text Block]	A summary of the Company’s warrants and changes during the year ended November 30, 2017 is as follows: Number of Weighted average Weighted average Balance – beginning of year 6,521,740 2.60 1.60 Balance – end of year 6,521,740 1.60 1.60

Financial instruments (Tables)

Financial instruments (Tables)	12 Months Ended
	Nov. 30, 2017
Financial Instruments [Abstract]
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]	Contractually obligated cash flow requirements as at November 30, 2017 are as follows. in thousands of dollars Total < 1 Year 1–2 Years 2–5 Years Thereafter Accounts payable and accrued liabilities 4,249 4,249 - - - Office lease (note 12) 1,272 173 179 587 333 5,521 4,422 179 587 333
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	The levels in the fair value hierarchy into which the Company’s financial assets and liabilities that are measured and recognized at fair value on a recurring basis were categorized as follows: in thousands of dollars November 30, 2017 November 30, 2016 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Investments – shares 2,514 - - 7,538 - - Investments – warrants - - 2 - - 297

Income taxes (Tables)

Income taxes (Tables)	12 Months Ended
	Nov. 30, 2017
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense [Table Text Block]	Income tax expense differs from the amount that would result from applying the Canadian federal and provincial income tax rates to earnings before income taxes. These differences result from the following items: in thousands of dollars November 30, 2017 November 30, 2016 November 30, 2015 Combined federal and provincial statutory tax rate 26.00 % 26.00 % 26.00 % Income taxes at statutory rate (5,486) (1,264) (2,479) Difference in foreign tax rates (2,267) (750) (680) Effect of foreign exchange changes - (339) 2,264 Non-taxable gain on the sale of Sunward Investments - (545) - Non-deductible expenditures 4,664 175 239 Return to provision adjustments (72) (510) (102) Other (357) (68) - Disposition of Sunward Investments - 7,051 - Valuation allowance 3,518 (3,750) 758 Income tax expense - - -
Schedule of Future Income Tax Assets and Liabilities [Table Text Block]	The significant components of deferred income tax assets and liabilities at November 30, 2017 and 2016 are as follows: in thousands of dollars November 30, 2017 November 30, 2016 Deferred income tax assets Non-capital losses 61,400 58,204 Mineral property interest 14,625 14,491 Deferred interest 9,040 9,040 Property, plant and equipment 57 47 Share issuance costs 127 126 Capital Loss 60 - Investments 201 - Other deductible temporary differences 353 450 Total deferred tax assets 85,863 82,358 Valuation allowance (85,862) (82,344) Net deferred income tax assets 1 14 Deferred income tax liabilities Mineral property interest - - Other taxable temporary differences (1) (14) Deferred income tax liabilities (1) (14) Net deferred income tax assets - -
Schedule of Loss Carry-Forwards Expiry [Table Text Block]	The losses expire as follows in the following jurisdictions: in thousands of dollars Non-capital losses Operating losses 2018 - 4,206 2019 - 975 2020 - 830 2021 - 1 Thereafter 33,570 121,295 33,570 127,307

Commitment (Tables)

Commitment (Tables)	12 Months Ended
	Nov. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Lease Payments [Table Text Block]	November 30, 2017 2018 173 2019 179 2020 188 2021 197 Thereafter 535 Total 1,272

Summary of significant accoun33

Summary of significant accounting policies (Narrative) (Details)	12 Months Ended
	Nov. 30, 2017
Likelihood Of Tax Benefit Being Realized Upon Settlement	50.00%

Summary of significant accoun34

Summary of significant accounting policies (Details)	12 Months Ended
	Nov. 30, 2017
Computer hardware and software [Member]
Property, Plant and Equipment, Useful Life	3 years
Machinery and equipment [Member]
Property, Plant and Equipment, Useful Life	3 years
Furniture and Fixtures [Member]
Property, Plant and Equipment, Useful Life	5 years
Vehicles [Member]
Property, Plant and Equipment, Useful Life	3 years
Leasehold improvements [Member]
Property, Plant and Equipment, Estimated Useful Lives	lease term

Investments (Narrative) (Detail

Investments (Narrative) (Details) $ in Thousands	Sep. 01, 2016CADshares	Nov. 30, 2017USD ($)shares	Nov. 30, 2017CADshares	Nov. 30, 2016USD ($)shares	Nov. 30, 2015USD ($)	Jun. 19, 2015
Noncash or Part Noncash Acquisition, Noncash Financial or Equity Instrument Consideration, Warrants Issued	1,000,000	1,000,000	1,000,000
Noncash or Part Noncash Acquisition, Investments Acquired Shares	5,000,000	5,000,000	5,000,000
Sale of Stock, Number of Shares Issued in Transaction		2,525,000	2,525,000	110,000
Sale of Stock, Consideration Received on Transaction | $		$ 3,500		$ 200
Trading Securities, Realized Loss | $		600		60
Trading Securities, Change in Unrealized Holding Gain (Loss) | $		$ (1,645)		$ 88	$ 0
GoldMining Inc [Member]
Noncash or Part Noncash Acquisition, Shares Held		2,365,000	2,365,000	4,890,000
Noncash or Part Noncash Acquisition, Warrants Held		1,000,000	1,000,000	1,000,000
Sunward Investments [Member]
Class Of Warrant Or Right Grants In Period Exercise Price | CAD	CAD 3.50		CAD 3.50
Mineral Property Right Ownership Percentage		100.00%	100.00%			100.00%

Investments (Schedule Of Design

Investments (Schedule Of Designated As Held-For-Trading Financial Assets) (Details) - USD ($) $ in Thousands	Nov. 30, 2017	Nov. 30, 2016
Current investments	$ 2,516	$ 7,538
Long-term investments	0	297
Investments	$ 2,516	$ 7,835

Plant and equipment (Details)

Plant and equipment (Details) - USD ($) $ in Thousands	Nov. 30, 2017	Nov. 30, 2016
Cost	$ 3,817	$ 3,486
Accumulated amortization	(3,339)	(3,271)
Net	478	215
Furniture and equipment [Member] | British Columbia, Canada [Member]
Cost	63	46
Accumulated amortization	(4)	(33)
Net	59	13
Leasehold improvements [Member] | British Columbia, Canada [Member]
Cost	85	32
Accumulated amortization	(34)	(28)
Net	51	4
Computer hardware and software [Member] | British Columbia, Canada [Member]
Cost	108	108
Accumulated amortization	(105)	(96)
Net	3	12
Computer hardware and software [Member] | Alaska, USA [Member]
Cost	35	31
Accumulated amortization	(32)	(31)
Net	3	0
Machinery, and equipment[Member] | Alaska, USA [Member]
Cost	3,178	2,921
Accumulated amortization	(2,855)	(2,798)
Net	323	123
Vehicles [Member] | Alaska, USA [Member]
Cost	348	348
Accumulated amortization	(309)	(285)
Net	$ 39	$ 63

Mineral properties and develo38

Mineral properties and development costs (Narrative) (Details) - USD ($)	Apr. 10, 2017	Oct. 19, 2011	Jan. 11, 2010	Oct. 31, 2017	Oct. 19, 2011	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015	Nov. 30, 2017
Fair value of cash payments to acquire mineral properties						$ 0			$ 0
Mineral properties expense						15,100,000	$ 5,037,000	$ 4,167,000
Maximum Subscription Price	$ 150,000,000
Maintenance Costs	10,000,000
Proceeds from Contributions from Affiliates	10,000,000			$ 400,000		$ 10,365,000	$ 0	$ 0
Payments to Acquire Projects	$ 5,000,000
Approximations
Payments for mineral property									108,700,000
Acquisition costs									30,600,000
Mineral properties expense									$ 78,100,000
Bornite Property [Member]
Payments for mineral property		$ 4,000,000
Net proceeds royalty					0.00%
Discount on consideration		$ 40,000,000			$ 40,000,000
Bornite Property [Member] | Minimum [Member]
Mineral property interest percentage		16.00%			16.00%
Net smelter return royalty					1.00%
Bornite Property [Member] | Maximum [Member]
Mineral property interest percentage		25.00%			25.00%
Net smelter return royalty					2.50%
Ambler Property [Member]
Mineral property interest percentage			100.00%
Mineral property, fair value of consideration			$ 26,600,000
Net smelter return royalty			1.00%
Purchase price of the net smelter royalty			$ 10,000,000

Schedule of Mineral Properties

Schedule of Mineral Properties and Development Costs (Details) - USD ($) $ in Thousands		12 Months Ended
		Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Mineral properties and development costs		$ 30,587	$ 30,586
Alaska, USA [Member]
Acquisition costs		0
Mineral properties and development costs		30,587	30,586	$ 30,586
Ambler Propertyss [Member] | Alaska, USA [Member]
Acquisition costs	[1]	1	0
Mineral properties and development costs	[1]	26,587	26,586	26,586
Bornite Propertys [Member] | Alaska, USA [Member]
Acquisition costs	[2]	0	0
Mineral properties and development costs	[2]	$ 4,000	$ 4,000	$ 4,000
[1]	On January 11, 2010, NovaGold Resources Inc. (“NovaGold”), through Alaska Gold Company (“AGC”), at the time a wholly-owned subsidiary, purchased 100% of the Ambler lands in Northwest Alaska, which contains the copper-zinc-lead-gold-silver Arctic Project and other mineralized targets within the volcanogenic massive sulfide belt, through a series of cash and share payments. Total fair value of the consideration was $26.6 million. The vendor retained a 1% net smelter return royalty that can be purchased at any time for a one-time payment of $10.0 million.The Ambler lands were acquired on October 17, 2011 by Trilogy Metals US through a purchase and sale agreement with AGC. On October 24, 2011, NovaGold transferred its ownership of Trilogy Metals US to the Company, then a wholly owned subsidiary of NovaGold, which was subsequently spun-out to NovaGold shareholders and publicly listed on April 30, 2012 (“NovaGold Arrangement”). Minor staking of $1 added to the Ambler land holdings during the year ended November 30, 2017.
[2]	On October 19, 2011, Trilogy Metals US acquired the exclusive right to explore and the non-exclusive right to access and enter on the Bornite lands, and lands deeded to NANA Regional Corporation, Inc. (“NANA”) through the Alaska Native Claims Settlement Act, located adjacent to the Ambler lands in Northwest Alaska. As consideration, Trilogy Metals US paid $4 million to acquire the right to explore and develop the combined Upper Kobuk Mineral Projects through an Exploration Agreement and Option to Lease with NANA. Upon a decision to proceed with construction of a mine on the lands, NANA maintains the right to purchase between a 16%-25% ownership interest in the mine or retain a 15% net proceeds royalty which is payable after Trilogy Metals US has recovered certain historical costs, including capital and cost of capital. Should NANA elect to purchase an ownership interest, consideration will be payable equal to all historical costs incurred on the properties at the elected percentage purchased less $40 million, not to be less than zero. The parties would form a joint venture and be responsible for all future costs, including capital costs of the mine based on their pro-rata share.NANA would also be granted a net smelter return royalty of between 1% and 2.5% upon the execution of a mining lease or a surface use agreement, the amount of which is determined by the classification of land from which production originates.

Schedule of Mineral Property Ex

Schedule of Mineral Property Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Mineral property expense	$ 15,100	$ 5,037	$ 4,167
Alaska, USA [Member]
Community	318	299	126
Drilling	5,074	712	698
Engineering	1,840	699	441
Environmental	299	314	88
Geochemistry and geophysics	357	82	70
Land and permitting	795	426	421
Other income	(25)	(34)	(209)
Project support	3,836	1,254	1,411
Wages and benefits	$ 2,606	$ 1,285	$ 1,122

Schedule of Accounts Payable an

Schedule of Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Thousands	Nov. 30, 2017	Nov. 30, 2016
Trade accounts payable	$ 2,767	$ 160
Accrued liabilities	1,293	281
Accrued salaries and vacation	189	152
Accounts payable and accrued liabilities	$ 4,249	$ 593

Sale of Sunward Investments L42

Sale of Sunward Investments Ltd (Narrative) (Details) CAD / shares in Units, $ / shares in Units, $ in Thousands	Sep. 01, 2016USD ($)shares	Sep. 01, 2016CADshares	Nov. 30, 2017CADshares	Nov. 30, 2017$ / shares	Nov. 30, 2017CAD / shares	Jun. 19, 2015
Noncash or Part Noncash Acquisition, Investments Acquired Shares | shares	5,000,000	5,000,000	5,000,000
Noncash or Part Noncash Acquisition, Noncash Financial or Equity Instrument Consideration, Warrants Issued | shares	1,000,000	1,000,000	1,000,000
Noncash or Part Noncash Divestiture, Amount of Consideration Received	$ 8,102
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned	7,800
Share Price | (per share)				$ 1.56	CAD 2.04
Sunward Investments [Member]
Class of Warrant or Right, Grants in Period, Exercise Price | CAD		CAD 3.50	CAD 3.50
Mineral property acquisition				100.00%	100.00%	100.00%
Noncash or Part Noncash Divestiture, Amount of Consideration Received	8,100
Noncash or Part Noncash Acquisition Noncash Financial or Equity Instrument Consideration Warrants Value	$ 300

Sale of Sunward Investments L43

Sale of Sunward Investments Ltd (Schedule of Gain on Sale of Sunward Investments) (Details) $ in Thousands	Sep. 01, 2016USD ($)
Consideration received	$ 8,102
Cash reimbursement from GMI	51
Net assets sold	(3,545)
Transaction costs	(160)
Gain on sale of Sunward Investments	$ 4,448

Sale of Sunward Investments L44

Sale of Sunward Investments Ltd (Schedule of Discontinued Operations of Sunward Investments) (Details) - USD ($) $ in Thousands	5 Months Ended	9 Months Ended	12 Months Ended
	Nov. 30, 2015	Sep. 01, 2016	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Discontinued operations expense for the year			$ 0	$ 598	$ 398
Gain on sale of Sunward Investments Ltd.			0	(4,448)	0
(Income)/loss from discontinued operations for the year			$ 0	$ (3,850)	$ 398
Sunward Investment [Member]
Amortization	$ 63	$ 95
Foreign exchange loss	23	4
General and administrative	3	5
Mineral properties expense	309	460
Professional fees	0	34
Discontinued operations expense for the year	398	598
Gain on sale of Sunward Investments Ltd.	0	(4,448)
(Income)/loss from discontinued operations for the year	$ 398	$ (3,850)

Schedule of Sunward Arrangement

Schedule of Sunward Arrangement Options, Valuation Assumptions (Details) - 12 months ended Nov. 30, 2017 - Sunward Arrangement [Member]	$ / shares	CAD / shares
Average risk-free interest rate	0.62%
Expected life	2 months 28 days
Expected forfeiture rate	0.00%
Expected volatility	50.20%
Expected dividends	0.00%
Minimum [Member]
Exercise price | CAD / shares		CAD 0.54
Maximum [Member]
Exercise price | $ / shares	$ 6.27

Schedule of Business Acquisitio

Schedule of Business Acquisitions, Consideration Paid and Fair Value of Assets and Liabilities Acquired (Details) - USD ($) $ / shares in Units, $ in Thousands	Jun. 19, 2015	Nov. 30, 2015	Nov. 30, 2017	Nov. 30, 2016
Common shares issued		$ 22,851
Sunward Arrangement Options		$ 142
Issued pursuant to the Sunward Arrangement (shares)		43,116,312
Cash		$ 75	$ 0	$ 0
Sunward Resources Ltd. [Member]
Common shares issued	$ 22,851
Sunward Arrangement Options	$ 108
Issued pursuant to the Sunward Arrangement (shares)	43,116,312
Exercise price	$ 0.53
Total consideration	$ 22,959
Cash	19,399
Accounts receivable	19
Deposits and prepaid amounts	104
Plant and equipment	343
Mineral properties and developments costs	3,264
Accounts payable and accrued liabilities	(170)
Net Assets	$ 22,959

Acquisition of Sunward Resour47

Acquisition of Sunward Resources Ltd. (Narrative) (Details) $ / shares in Units, $ in Thousands	Jun. 19, 2015USD ($)$ / sharesshares	Nov. 30, 2015USD ($)shares
Stock Issued Pursuant To The Sunward Arrangement | shares		43,116,312
Stock Issued Pursuant To The Sunward Arrangement Value | $		$ 22,851
Sunward Arrangement Options [Member]
Stock Issued Pursuant To The Sunward Arrangement | shares	43,116,312
Stock Issued Pursuant To The Sunward Arrangement Value | $	$ 22,900
Exchange Ratio	0.3
Sunward Options Outstanding | shares	8,350,000
Options Exchanged Pursuant To Sunward Agreement | shares	2,505,000
Common shares issued for Sunward Arrangement options, value | $	$ 100
Exercise price | $ / shares	$ 0.53
Acquisition costs | $	$ 800

Share capital (Narrative) (Deta

Share capital (Narrative) (Details)	12 Months Ended
	Nov. 30, 2017USD ($)$ / sharesshares	Nov. 30, 2017USD ($)$ / sharesCAD / sharesshares	Nov. 30, 2016USD ($)$ / sharesshares	Nov. 30, 2016USD ($)$ / sharesCAD / sharesshares	Nov. 30, 2015USD ($)	Nov. 30, 2017CAD / shares
Stock options granted, weighted average exericse price | CAD / shares		CAD 0.69		CAD 0.43
Stock-based compensation | $	$ 705,000		$ 615,000		$ 831,000
Percent of issued and outstanding shares threshold	10.00%
Aggregate intrinsic value, vested options | $	$ 1,800,000	CAD 1,800,000	600,000	CAD 600,000	0
Aggregate intrinsic value, options exercised | $	$ 200,000		100,000		0
Non-Vested Options [Member]
Non-vested stock options outstanding	993,342	993,342
Weighted average exercise price options outstanding | CAD / shares						CAD 0.65
Number of RSU's [Member]
Granted	600,000
Number of DSU's [Member]
Common stock committed for issuance	20,685	20,685
Granted	115,841
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	3,447	3,447
Stock-based Compensation [Member]
Stock-based compensation | $	$ 400,000		$ 300,000		100,000
NovaGold Arrangement Options [Member]
Non-vested stock options outstanding	0	0	312,195	312,195
Weighted average exercise price options outstanding | $ / shares	$ 0	CAD 0	$ 4.28	CAD 4.28
Approximationss [Member]
Stock-based compensation | $	$ 400,000		$ 400,000		$ 700,000
Approximationss [Member] | Non-Vested Options [Member]
Stock option expense | $	$ 50,000
Director [Member] | Number of DSU's [Member]
Granted	115,841
New Employees [Member]
Stock options granted	1,695,000		1,785,000
Stock options granted, weighted average exercise price | $ / shares	$ 0.22		$ 0.13
New Directors [Member] | Number of DSU's [Member]
Granted	600,000

Schedule of Common Shares Issue

Schedule of Common Shares Issued and Outstanding (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Number of Common Shares	105,286,469	104,796,421	60,296,365
Ascribed Value Common Shares	$ 136,357	$ 136,040	$ 111,833
Exercise of NovaGold Warrants	$ 85
Issued pursuant to the Sunward Arrangement (shares)			43,116,312
Issued pursuant to the Sunward Arrangement			$ 22,851
Exercise of options (shares)	188,856	162,854	7,499
Exercise of options		$ 65	$ 7
Exercise of Sunward Arrangement Options (shares)			347,999
Exercise of Sunward Arrangement Options Ascribed Value			$ 177
Restricted Share Units (Shares)	209,198	108,399	795,368
Restricted Share Units	$ 83	$ 34	$ 819
Deferred Share Units (Shares)		218,795	232,878
Deferred Share Units		$ 218	$ 353
Number of Common Shares	105,684,523	105,286,469	104,796,421
Ascribed Value Common Shares	$ 136,525	$ 136,357	$ 136,040

Schedule of fair value of the s

Schedule of fair value of the stock options,Valuation Assumptions (Details) - Stock options [Member] - CAD / shares	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Risk-free interest rates	0.90%	0.52%
Exercise price	CAD 0.69	CAD 0.43	CAD 0.55
Expected life	3 years	3 years	3 years
Expected volatility	74.20%	59.40%
Expected dividends	0.00%	0.00%	0.00%
Maximum [Member]
Risk-free interest rates			1.12%
Expected volatility			59.50%
Minimum [Member]
Risk-free interest rates			0.42%
Expected volatility			56.80%

Schedule of Stock Options Activ

Schedule of Stock Options Activity (Details)	12 Months Ended
	Nov. 30, 2017$ / sharesshares	Nov. 30, 2017CAD / sharesshares	Nov. 30, 2016CAD / sharesshares
Stock options, weighted average exercise price | CAD / shares		CAD 0.69	CAD 0.43
Stock option [Member]
Balance - Beginning of Period, Number of stock Options | shares	6,049,433	6,049,433
Balance - Beginning of Period, Weighted average exercise price | $ / shares	$ 0.5
Stock options granted | shares	1,695,000	1,695,000
Stock options, weighted average exercise price | $ / shares	$ 0.55
Stock options, number of options exercised | shares	(447,604)	(447,604)
Stock options, weighted average exercise price, exercised | $ / shares	$ 0.46
Stock options, number of options forfeited during the period | shares	(169,329)	(169,329)
Stock options, weighted average exercise price of forfeitures | $ / shares	$ 0.49
Balance - End of Period, Number of stock options | shares	7,127,500	7,127,500	6,049,433
Balance - End of Period, Weighted average exercise price | $ / shares	$ 0.54

Schedule of Disclosure of Stock

Schedule of Disclosure of Stock Options Outstanding (Details) - Sock option [Member] - $ / shares	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Number of outstanding options	7,127,500	6,049,433
Weighted average years to expiry	2 years 10 months 2 days
Weighted average exercise price options outstanding	$ 0.54	$ 0.5
Number of exercisable options	6,134,158
Weighted average exercise price	$ 0.54
Number of unvested options	993,342
Range 1 [Member]
Exercise price lower range limit	$ 0.33
Exercise price upper range limit	$ 0.50
Number of outstanding options	4,242,500
Weighted average years to expiry	2 years 8 months 12 days
Weighted average exercise price options outstanding	$ 0.40
Number of exercisable options	3,975,831
Weighted average exercise price	$ 0.41
Number of unvested options	266,669
Range 2 [Member]
Exercise price lower range limit	$ 0.51
Exercise price upper range limit	$ 1
Number of outstanding options	2,830,000
Weighted average years to expiry	3 years 29 days
Weighted average exercise price options outstanding	$ 0.72
Number of exercisable options	2,103,327
Weighted average exercise price	$ 0.78
Number of unvested options	726,673
Range 3 [Member]
Exercise price lower range limit	$ 1.01
Exercise price upper range limit	$ 1.54
Number of outstanding options	55,000
Weighted average years to expiry	5 months 1 day
Weighted average exercise price options outstanding	$ 1.54
Number of exercisable options	55,000
Weighted average exercise price	$ 1.54
Number of unvested options	0

Schedule of NovaGold Arrangemen

Schedule of NovaGold Arrangement Options Activity (Details) - NovaGold Arrangement Options [Member]	12 Months Ended
	Nov. 30, 2017$ / sharesshares
Balance - Beginning of Period, Number of stock Options | shares	312,195
Balance - Beginning of Period, Weighted average exercise price | $ / shares	$ 4.28
Stock options, number of options expired | shares	(312,195)
Stock options, weighted average exercise price, stock options expired | $ / shares	$ 4.28
Balance - End of Period, Number of stock options | shares	0
Balance - End of Period, Weighted average exercise price | $ / shares	$ 0

Schedule of Unit Plans and Chan

Schedule of Unit Plans and Changes Activity (Details)	12 Months Ended
	Nov. 30, 2017shares
Number of RSU's [Member]
Balance - beginning of year	400,001
Granted	600,000
Vested/paid	(399,999)
Balance - end of year	600,002
Number of DSU's [Member]
Balance - beginning of year	925,390
Granted	115,841
Vested/paid	0
Balance - end of year	1,041,231

Schedule of Warrants, Activity

Schedule of Warrants, Activity (Details) - $ / shares	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Balance - beginning of year	6,521,740
Weighted average years to expiry	1 year 7 months 6 days	2 years 7 months 6 days
Weighted average exercise price	$ 1.6	$ 1.6
Balance - end of year	6,521,740	6,521,740

Financial instruments (Narrativ

Financial instruments (Narrative) (Details)	12 Months Ended
	Nov. 30, 2017USD ($)	Nov. 30, 2017CAD	Feb. 21, 2017USD ($)	Nov. 30, 2016USD ($)
Accounts receivable	$ 470,000			$ 47,000
Deposits and prepaid amounts	837,000			724,000
Interest rate loss	100,000
Investments	2,516,000			$ 7,835,000
Lease commitment	$ 5,521,000		$ 1,300,000
Canadian Limit Due to Currency Risk [Member]
Cash | CAD		CAD 2,454,000
Accounts receivable | CAD		513,000
Deposits and prepaid amounts | CAD		116,000
Accounts payable | CAD		CAD 1,275,000
Change in foreign exchange rate	10.00%	10.00%
Foreign currency net loss	$ 356,000
Change in interest rate	1.00%
Investments | CAD		CAD 3,242,000

Schedule of Contractually Oblig

Schedule of Contractually Obligated Cash Flow Requirements (Details) - USD ($) $ in Thousands	Nov. 30, 2017	Feb. 21, 2017
Total	$ 5,521	$ 1,300
Within 1 Year	4,422
1 - 2 Years	179
2 - 5 Years	587
Thereafter	333
Accounts Payable and Accrued Liabilities [Member]
Total	4,249
Within 1 Year	4,249
1 - 2 Years	0
2 - 5 Years	0
Thereafter	0
Office Lease [Member]
Total	1,272
Within 1 Year	173
1 - 2 Years	179
2 - 5 Years	587
Thereafter	$ 333

Schedule of financial assets an

Schedule of financial assets and liabilities that are measured and recognized at fair value (Details) - USD ($) $ in Thousands	Nov. 30, 2017	Nov. 30, 2016
Fair Value, Inputs, Level 1 [Member] | Warrant [Member]
Investments, Fair Value Disclosure	$ 0	$ 0
Fair Value, Inputs, Level 1 [Member] | Shares [Member]
Investments, Fair Value Disclosure	2,514	7,538
Fair Value, Inputs, Level 2 [Member] | Warrant [Member]
Investments, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 2 [Member] | Shares [Member]
Investments, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 [Member] | Warrant [Member]
Investments, Fair Value Disclosure	2	297
Fair Value, Inputs, Level 3 [Member] | Shares [Member]
Investments, Fair Value Disclosure	$ 0	$ 0

Income taxes (Narrative) (Detai

Income taxes (Narrative) (Details) - USD ($) $ in Millions	Jan. 02, 2018	Dec. 22, 2017	Nov. 30, 2019	Nov. 30, 2018	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015	Jun. 19, 2015
Change in control percentage					50.00%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent					26.00%	26.00%	26.00%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount					$ 23.5
Subsequent Event [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	35.00%
Losses In Canada Subject To Limitations [Member]
Loss carryforwards								$ 15.2
Approximationss [Member]
Loss carryforwards					160.9
Approximationss [Member] | US Losses Subject To Limitations [Member]
U.S. carryforward losses					$ 39.4
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21.00%	22.20%

Schedule of Income Tax Expense

Schedule of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Combined federal and provincial statutory tax rate	26.00%	26.00%	26.00%
Income taxes at statutory rate	$ (5,486)	$ (1,264)	$ (2,479)
Difference in foreign tax rates	(2,267)	(750)	(680)
Effect of foreign exchange changes	0	(339)	2,264
Non-taxable gain on the sale of Sunward Investments	0	(545)	0
Non-deductible expenditures	4,664	175	239
Return to provision adjustments	(72)	(510)	(102)
Other	(357)	(68)	0
Disposition of Sunward Investments	0	7,051	0
Valuation allowance	3,518	(3,750)	758
Income tax expense	$ 0	$ 0	$ 0

Schedule of Future Income Tax A

Schedule of Future Income Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Nov. 30, 2017	Nov. 30, 2016
Deferred income tax assets
Non-capital losses	$ 61,400	$ 58,204
Mineral property interest	14,625	14,491
Deferred interest	9,040	9,040
Property, plant and equipment	57	47
Share issuance costs	127	126
Capital Loss	60	0
Investments	201	0
Other deductible temporary differences	353	450
Total deferred tax assets	85,863	82,358
Valuation allowance	(85,862)	(82,344)
Net deferred income tax assets	1	14
Deferred income tax liabilities
Mineral property interest	0	0
Other taxable temporary differences	(1)	(14)
Deferred income tax liabilities	(1)	(14)
Net deferred income tax assets	$ 0	$ 0

Schedule of Loss Carry-Forwards

Schedule of Loss Carry-Forwards Expiry (Details) $ in Thousands	Nov. 30, 2017USD ($)
CA [Member]
Non-capital losses Canada	$ 33,570
USA [Member]
Opertaing losses	127,307
2018 | CA [Member]
Non-capital losses Canada	0
2018 | USA [Member]
Opertaing losses	4,206
2019 | CA [Member]
Non-capital losses Canada	0
2019 | USA [Member]
Opertaing losses	975
2020 | CA [Member]
Non-capital losses Canada	0
2020 | USA [Member]
Opertaing losses	830
2021 | CA [Member]
Non-capital losses Canada	0
2021 | USA [Member]
Opertaing losses	1
Thereafter | CA [Member]
Non-capital losses Canada	33,570
Thereafter | USA [Member]
Opertaing losses	$ 121,295

Schedule of Future Minimum Leas

Schedule of Future Minimum Lease Payments (Details) $ in Thousands	Nov. 30, 2017USD ($)
2,018	$ 173
2,019	179
2,020	188
2,021	197
Thereafter	535
Total	$ 1,272

Subsequent events (Narrative) (

Subsequent events (Narrative) (Details) - USD ($) $ in Thousands	Jan. 02, 2018	Dec. 07, 2017	Apr. 10, 2017	Jan. 24, 2018	Dec. 27, 2017	Dec. 22, 2017	Oct. 31, 2017	Jan. 31, 2018	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Subsequent Event [Line Items]
Proceeds from Contributions from Affiliates			$ 10,000				$ 400		$ 10,365	$ 0	$ 0
Subsequent Event [Member]
Subsequent Event [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures					800,000
Proceeds from Sale of Short-term Investments								$ 1,400
Proceeds from Contributions from Affiliates				$ 10,000
Subsequent Event [Member] | Restricted Stock Units (RSUs) [Member] | First Vesting Shares [Member] | Officer [Member]
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		300,000
Subsequent Event [Member] | Restricted Stock Units (RSUs) [Member] | Second Vesting Shares [Member] | Officer [Member]
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		300,000
Subsequent Event [Member] | Employee Stock Option [Member] | Employee [Member]
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	70,000	1,455,000
Subsequent Event [Member] | Employee Stock Option [Member] | Director [Member]
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		525,000				75,000
Subsequent Event [Member] | Deferred Share Unit [Member] | Director [Member]
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period						75,000