Metalla Royalty & Streaming (MTA) 40-F/A 31 Mar 21 2020 FY Annual report (Canada) (amended) Financial data

Document and Entity Information

Document and Entity Information	7 Months Ended
	Dec. 31, 2020shares
Cover [Abstract]
Document Type	40-F/A
Amendment Flag	true
Amendment Description	This Amendment No. 1 (this “Amendment”) to our Annual Report on Form 40-F for the period ended December 31, 2020 (the “Form 40-F”) is being filed solely to resubmit the XBRL interactive data file, as a technical error in the version previously submitted affected its filing.
Document Period End Date	Dec. 31, 2020
Entity Registrant Name	Metalla Royalty & Streaming Ltd.
Entity Central Index Key	0001722606
Entity Common Stock, Shares Outstanding	39,739,047
Entity Current Reporting Status	Yes
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Interactive Data Current	Yes

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)	Dec. 31, 2020	May 31, 2020	Jun. 01, 2019
Current assets
Cash	$ 5,299,904	$ 3,600,409	$ 3,529,414
Accounts receivable	1,813,575	177,919	249,433
Current portion of derivative royalty asset	2,416,461
Prepaid expenses and other	783,848	233,368	263,660
Total current assets	10,313,788	4,011,696	4,042,507
Non-current assets
Royalty, stream, and other interests	63,732,457	47,976,215	43,137,849
Derivative royalty asset	4,016,149
Investment in Silverback	1,668,851	1,516,672	1,680,288
Total non-current assets	69,417,457	49,492,887	44,818,137
TOTAL ASSETS	79,731,245	53,504,583	48,860,644
Current liabilities
Trade and other payables	1,772,304	1,417,978	1,234,827
Total current liabilities	1,772,304	1,417,978	1,234,827
Non- current liabilities
Loans payable	3,062,706	3,523,570	2,146,124
Deferred income tax liabilities	511,358	506,291	111,349
Total non-current liabilities	3,574,064	4,029,861	2,257,473
Total liabilities	5,346,368	5,447,839	3,492,300
EQUITY
Share capital	98,130,183	70,693,830	63,685,213
Reserves	11,233,630	6,895,527	5,262,898
Deficit	(34,978,936)	(29,532,613)	(23,579,767)
Total equity	74,384,877	48,056,744	45,368,344
TOTAL LIABILITIES AND EQUITY	$ 79,731,245	$ 53,504,583	$ 48,860,644

CONSOLIDATED STATEMENTS OF LOSS

CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS - USD ($)	7 Months Ended	12 Months Ended
	Dec. 31, 2020	May 31, 2020
Profit or loss [Abstract]
Revenue from royalty interests	$ 1,309,652	$ 69,217
Revenue from stream interest	0	2,699,607
Total revenue	1,309,652	2,768,824
Cost of sales, excluding depletion	0	(1,058,749)
Depletion on royalty and stream interests	(869,360)	(698,840)
Gross profit	440,292	1,011,235
General and administrative expenses	(2,710,300)	(3,275,233)
Share-based payments	(1,632,131)	(1,564,752)
Loss from operations	(3,902,139)	(3,828,750)
Share of net income of Silverback	152,179	75,069
Mark-to-market gain on derivative royalty asset	269,236
Interest expense	(424,104)	(701,011)
Finance charges	(187,680)	(334,410)
Accretion and other expenses	(12,441)	(9,312)
Fair value adjustment on marketable securities	17,851	9,575
Foreign exchange gain (loss)	(171,688)	86,554
Loss before income taxes	(4,258,786)	(4,702,285)
Current income tax recovery (expense)	(181,315)	98,695
Deferred income tax recovery (expense)	(305,708)	181,063
Net loss	$ (4,745,809)	$ (4,422,527)
Earnings (loss) per share - basic and diluted (in dollars per share)	$ (0.13)	$ (0.13)
Weighted average number of shares outstanding - basic and diluted (in shares)	37,795,299	33,887,938

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	7 Months Ended	12 Months Ended
	Dec. 31, 2020	May 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (4,745,809)	$ (4,422,527)
Items not affecting cash:
Share of net income of Silverback	(152,179)	(75,069)
Mark-to-market gain on derivative royalty asset	(269,236)
Depletion and amortization	872,213	715,945
Interest and accretion expense	424,104	701,011
Finance charges	187,680	334,410
Share-based payments	1,632,131	1,564,752
Deferred income tax expense (recovery)	305,708	(181,063)
Fair value adjustment on marketable securities	(17,851)	(9,575)
Unrealized foreign exchange effect	(35,291)	23,729
Total items not affecting cash before changes in non-cash working capital items	(1,798,530)	(1,348,387)
Changes in non-cash working capital items:
Accounts receivable	(595,556)	71,513
Prepaid expenses and other	(536,952)	60,748
Trade and other payables	354,327	21,308
Net cash used in operating activities	(2,576,711)	(1,194,818)
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisitions of royalty and stream interests	(4,416,619)	(3,683,997)
Acquisition of derivative royalty asset	(265,500)
Dividend received from Silverback		238,685
Net cash used in investing activities	(4,682,119)	(3,445,312)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from exercise of stock options	168,343	742,004
Proceeds from exercise of share purchase warrants	2,432,914	2,660,172
Proceeds from ATM, net of share issue costs	2,864,210
Dividend paid		(1,244,857)
Proceeds from convertible loans facility	3,833,768	5,367,275
Repayment of loan principal		(2,044,357)
Interest paid	(219,164)	(460,037)
Finance charges paid	(187,680)	(334,410)
Net cash provided by financing activities	8,892,391	4,685,790
Effect of exchange rate changes on cash	65,934	25,335
Changes in cash during period	1,699,495	70,995
Cash, beginning of period	3,600,409	3,529,414
Cash, end of period	$ 5,299,904	$ 3,600,409

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)	Share capital [Member]	Reserves [Member]	Deficit [Member]	Total
Balance opening at Jun. 01, 2019	$ 63,685,213	$ 5,262,898	$ (23,579,767)	$ 45,368,344
Balance opening (shares) at Jun. 01, 2019				33,138,247
Acquisition of royalty and other interests	2,116,972			$ 2,116,972
Acquisition of royalty and other interests (shares)				359,695
Allocation of conversion feature net of taxes		1,557,347		$ 1,557,347
Exercise of stock options	1,438,217	(696,214)		$ 742,003
Exercise of stock options (shares)				565,603
Exercise of share purchase and finder's warrants	3,163,293	(503,121)		$ 2,660,172
Exercise of share purchase and finder's warrants (shares)				959,698
Share-based payments - stock options		1,068,013		$ 1,068,013
Share-based payments - restricted share units	290,135	206,604		$ 496,739
Share-based payments - restricted share units (shares)				90,805
Elimination of historic foreign currency adjustments			(285,462)	$ (285,462)
Dividend paid			(1,244,857)	(1,244,857)
Loss for the year			(4,422,527)	(4,422,527)
Balance ending at May. 31, 2020	70,693,830	6,895,527	(29,532,613)	$ 48,056,744
Balance ending (shares) at May. 31, 2020				35,114,048
Shares issued in ATM, net of issue costs	2,864,210			$ 2,864,210
Shares issued in ATM, net of issue costs (in shares)				282,700
Acquisition of royalty and other interests	15,688,578			$ 15,688,578
Acquisition of royalty and other interests (shares)				2,195,262
Committed shares not issued		4,111,181		$ 4,111,181
Conversion on loan payable	5,736,480	(1,557,347)		$ 4,179,133
Conversion on loan payable (shares)				1,258,992
Allocation of conversion feature net of taxes		697,663		$ 697,663
Exercise of stock options	264,597	(96,254)		$ 168,343
Exercise of stock options (shares)				88,875
Exercise of share purchase and finder's warrants	2,657,062	(223,846)		$ 2,433,216
Exercise of share purchase and finder's warrants (shares)				724,170
Share-based payments - stock options		1,066,094		$ 1,066,094
Share-based payments - restricted share units	225,426	340,612		$ 566,038
Share-based payments - restricted share units (shares)				75,000
Elimination of historic foreign currency adjustments			(700,514)	$ (700,514)
Loss for the year			(4,745,809)	(4,745,809)
Balance ending at Dec. 31, 2020	$ 98,130,183	$ 11,233,630	$ (34,978,936)	$ 74,384,877
Balance ending (shares) at Dec. 31, 2020				39,739,047

NATURE OF OPERATIONS

NATURE OF OPERATIONS	7 Months Ended
	Dec. 31, 2020
Nature Of Operations [Abstract]
NATURE OF OPERATIONS [Text Block]	1. NATURE OF OPERATIONS Metalla Royalty & Streaming Ltd. (" Metalla Company TSX-V MTA NYSE MTA The Company has incurred a cumulative deficit to date of $34,978,936 as at December 31, 2020 ( May 31, 2020 - $29,532,613) and has had losses from operations for multiple years. Continued operations of the Company are dependent on the Company's ability to generate profitable earnings in the future, receive continued financial support, and/or complete external financing. Management expects that its cash balance, cash flows from operating activities, and available credit facilities will be sufficient to fund the operations of the Company for the next twelve months. In December 2019, the Company completed a consolidation of its common shares on the basis of one new share for four old shares (1:4) effective December 17, 2019 and the listing of its common shares on the NYSE effective January 8, 2020. All figures have been adjusted to reflect the one for four share consolidation. In order to better align the Company's reporting cycle with its peers and its royalty and stream partners, the Company changed its year-end to December 31, beginning with December 31, 2020.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	7 Months Ended
	Dec. 31, 2020
Disclosure Of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Text Block]	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Statement of Compliance The consolidated financial statements have been prepared using accounting policies in compliance with International Financial Reporting Standards (" IFRS IASB IFRIC (b) Basis of Preparation and Measurement These consolidated financial statements have been prepared on a historical cost basis, except for financial instruments, which have been measured at fair value. In addition, these consolidated financial statements have been prepared using the accrual basis of accounting except for cash flow information. These consolidated financial statements are presented in United States Dollars except as otherwise indicated. (c) Foreign Currency Translation Functional currency Items included in the financial statements of each consolidated entity are measured using the currency of the primary economic environment in which the entity operates (the " functional currency Effective Date Presentation currency On September 1, 2020, the Company elected to change its presentation currency from the Canadian dollar (" C$ CAD $ USD From September 1, 2020, the United States dollar presentation currency is consistent with the functional currency of the Company. For periods prior to September 1, 2020, the statements of financial position for each period presented have been translated from the Canadian dollar presentation currency to the new United States dollar presentation currency at the rate of exchange prevailing on September 1, 2020. Transactions and balances Transactions in currencies other than the functional currency are recorded at exchange rates prevailing on the dates of the transactions. At the end of each reporting period, the monetary assets and liabilities of the Company that are denominated in foreign currencies are translated at the rate of exchange at the reporting date while non-monetary assets and liabilities are translated at historical rates. Revenues and expenses are translated at the exchange rates approximating those in effect on the date of the transactions. Exchange gains and losses arising on translation are included in the consolidated statement of loss and comprehensive loss. (d) Principles of Consolidation These consolidated financial statements include the accounts of the parent company and its subsidiaries after eliminating intercompany balances and transactions. Subsidiaries Subsidiaries are all entities over which the Company has exposure to variable returns from its involvement and has the ability to use power over the investee to affect its returns. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Company controls another entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Company until the date on which control ceases. (e) Royalty, Stream, and Other Interests Royalty, stream, and other interests consist of acquired royalty, stream, and other interests. These interests are recorded at cost and capitalized as tangible assets with finite lives. They are subsequently measured at cost less accumulated depletion and accumulated impairment losses, if any. Project evaluation costs that are not related to a specific royalty or stream asset are expensed in the period incurred. Producing royalty and stream interests are depleted using the units-of-production method over the life of the property to which the interest relates, which is estimated using available information of proven and probable reserves and the portion of resources expected to be classified as mineral reserves at the mine corresponding to the specific agreement. On acquisition of a royalty or stream interest, an allocation of its fair value may be attributed to the exploration potential of the interest and is recorded as an exploration asset on the acquisition date. The carrying value of the exploration potential is accounted for in accordance with IFRS 6 Exploration and Evaluation of Mineral Resources (" IFRS 6 IAS 16 (f) Joint Operations Under IFRS 11 Joint Arrangements investments in joint arrangements are classified as either joint operations or joint ventures. The classification depends on the contractual rights and obligations of each investor, rather than the legal structure of the joint arrangement. The Company recognizes its direct right to the assets, liabilities, revenues, and expenses of joint operations and its share of any jointly held or incurred assets, liabilities, revenues, and expenses. (g) Investments in Associates Companies over which the Company has significant influence, but not control, are determined to be associates and accounted for using the equity basis of accounting, whereby the investment is initially recorded at cost, adjusted to recognize the Company's share of earnings or losses and reduced by dividends received. The Company assesses its equity investments for impairment if there is objective evidence of impairment as a result of one or more events that occurred after the initial recognition of the equity investment and if the event or events have an impact on the estimated future cash flow of the investment. Objective evidence of impairment of an equity investment includes: Significant financial difficulty of the associated companies; Becoming probable that the associated companies will enter bankruptcy or other financial reorganization; or National or local economic conditions that correlate with defaults of the associated companies. (h) Impairment of Royalty, Stream, and Other interests The carrying amounts of non-financial assets, excluding deferred income tax assets, are reviewed for impairment at each reporting date, or whenever events or changes in circumstances indicate the carrying amounts may not be recoverable. If there are indicators of impairment, a review is undertaken to determine whether the carrying amounts are in excess of their recoverable amounts. Reviews are undertaken on an asset-by-asset basis, except where the recoverable amount for an individual asset cannot be determined, in which case the review is undertaken at the cash-generating unit (" CGU If the carrying amount of a CGU or non-financial asset exceeds the recoverable amount, being the higher of its fair value less costs to sell and its value-in-use, an impairment loss is recognized in net loss as the excess of the carrying amount over the recoverable amount. With respect to CGUs, impairment losses are allocated to reduce the carrying amounts of the assets of the CGU on a pro-rata basis. The future cash flows expected is derived using estimates of proven and probable reserves, a portion of resources that is expected to be converted into reserves and information regarding the Company's royalty, stream, and other production-based interests, respectively, that could affect the future recoverability of the Company's interests. Discount factors are determined individually for each asset and reflect their respective risk profiles. In certain circumstances, the Company may use a market approach in determining the recoverable amount which may include an estimate of (a) net present value of estimated future cash flows; (b) dollar value per ounce or pound of reserve/resource; (c) cash-flow multiples; and/or (d) market capitalization of comparable assets. Non-financial assets that have previously been impaired are tested for a possible reversal of the impairment whenever events or changes in circumstances indicate that the impairment may have reversed, or may have partially reversed. In these instances, the impairment loss is reversed to the recoverable amount but not beyond the carrying amount, net of amortization, that would have arisen if the prior impairment loss had not been recognized. (i) Revenue Recognition Revenue is comprised of revenue earned in the year from royalty, stream, and other interests. The Company recognizes revenue upon the transfer of control of the relevant commodity to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those commodities. For stream interests, revenue recognition occurs when the relevant commodity received from the stream operator is delivered by the Company to its third-party customers. Revenue is measured at the fair value of the consideration received or receivable when management can reliably estimate the amount, pursuant to the terms of the sales contract. For royalty interests, revenue recognition occurs when control of the relevant commodity is transferred to the end customer by the operator of the royalty property. Revenue is measured at the fair value of the consideration received or receivable when management can reliably estimate the amount, pursuant to the terms of the royalty agreement. In some instances, the Company will not have access to sufficient information to make a reasonable estimate of consideration to which it expects to be entitled and, accordingly, revenue recognition is deferred until management can make a reasonable estimate. Differences between estimates and actual amounts are adjusted and recorded in the period that the actual amounts are known. (j) Financial Instruments All financial instruments are initially recorded at fair value and designated as follows: Cash includes cash on account and is subsequently measured at amortized cost. Trade receivables relate to amounts received from sales of refined gold and silver and royalty revenue. These receivables are non-interest bearing and are recognized at fair value and are subsequently measured at amortized cost. We have applied the simplified approach to determining expected credit losses, which requires expected lifetime losses to be recognized upon initial recognition of the receivables. Marketable securities are designated as fair value through profit and loss (" FVTPL FVOCI Derivative royalty assets are designated as FVTPL. Fair values are determine using a valuation model and inputs that are not based on observable market data. Accounts payables, accrued liabilities, and loans payable are initially recorded at fair value, less transaction costs. These financial liabilities are subsequently measured at amortized cost, calculated using the effective interest rate method (k) Related Party Transactions Parties are considered related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered related if they are subject to common control or significant influence. A transaction is considered a related party transaction when there is a transfer of resources or obligations between related parties. (l) Share Capital Common shares issued for non-monetary consideration are recorded at their fair value based on closing price on the measurement date and classified as equity. The measurement date is defined as the earliest of the date at which the commitment for performance by the counterparty to earn the common shares is reached or the date at which the counterparty's performance is complete. The proceeds from the issue of units are allocated between common shares and share purchase warrants on a pro-rata basis based on the relative fair values. The fair value of the common shares is based on the market closing price on the date of issuance and the fair value of the share purchase warrants is determined using the Black-Scholes option pricing model. Transaction costs directly attributable to the issue of common shares are recognized as a deduction from equity, net of any tax effects. (m) Earnings (loss) Per Share The Company presents basic earnings (loss) per share data for its common shares, calculated by dividing the income (loss) attributable to equity holders of the Company by the weighted average number of common shares issued and outstanding during the period. Diluted earnings per share is calculated by adjusting the earnings attributable to equity holders and the weighted average number of common shares outstanding for the effects of all potentially dilutive common shares. The calculation of diluted earnings per share assumes that the proceeds to be received on the exercise of dilutive share options and warrants are used to repurchase common shares at the average market price during the period. In periods where a loss is reported, diluted loss per share is the same as basic loss per share as the effects of potentially dilutive common shares would be anti-dilutive. (n) Income Taxes Income tax expense consists of current and deferred tax expense. Income tax expense is recognized in the consolidated statement of loss and comprehensive loss. Current tax expense is the expected tax payable on the taxable income for the period, using tax rates enacted or substantively enacted at period end, adjusted for amendments to tax payable with regards to previous periods. Deferred tax assets and liabilities are recognized for deferred tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and losses carried forward. Deferred tax assets and liabilities are measured using the enacted or substantively enacted tax rates expected to apply when the asset is realized or the liability settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that substantive enactment occurs. A deferred tax asset is recognized to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. To the extent that the Company does not consider it probable that a deferred tax asset will be recovered, the deferred tax asset is reduced. Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis. (o) Share-based Payments The Company grants stock options and restricted share units (" RSUs The fair value method of accounting is used for share-based payment transactions. Under this method, the cost of stock options and other equity-settled share-based payment arrangements are recorded based on the estimated fair value at the grant date and charged to earnings over the vesting period. Where awards are forfeited because non-market based vesting conditions are not satisfied, the expense previously recognized is proportionately reversed in the period the forfeiture occurs. (p) Segment Reporting Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-maker. The chief operating decision-maker, who is responsible for allocating resources and assessing performance of the operating segment, has been identified as the Chief Executive Officer (" CEO The Company operates in a single segment, the acquisition and management of precious metal royalties, streams, and similar production-based interests. In addition, the Company has corporate activities, which include the evaluation and acquisition of new precious metal royalties, streams, and similar production-based interests, treasury and finance, regulatory reporting, and corporate administration. (q) Critical Accounting Estimates and Judgments The preparation of the Company's consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the reported amounts of assets, liabilities and contingent liabilities at the date of the consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Estimates and assumptions are continuously evaluated and are based on management's experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. However, actual outcomes can differ from these estimates. Information about significant areas of estimation uncertainty and judgments made by management in preparing the consolidated financial statements are described below. The preparation of consolidated financial statements in conformance with IFRS requires management to make estimates, judgments and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, revenue, and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. Critical accounting estimates are estimates and assumptions made by management that may result in a material adjustment to the carrying amount of assets and liabilities within the next financial year and include, but are not limited to, the following: Royalty interests The Company holds royalty interests in production stage mineral properties. The royalty interests are recorded initially at their costs and are being depleted using the units of production basis over the expected life of the related mineral property, which is determined using available estimates of future metal prices and future production. Proven and probable reserves and future production plans associated with the royalty interests as determined by the operators impact the measurement of the respective assets. These estimates affect the depletion of the royalty interests and the assessment of the recoverability of the carrying value of the royalty interests. Management considers both external and internal sources of information in assessing whether there are any indications that the Company's royalty interests are impaired. External sources of information management considers include changes in the market, economic and legal environment in which the Company operates that are not within its control and affect the recoverable amount of its royalty interests. Internal sources of information that management considers include the indications of economic performance of the assets. In determining the recoverable amounts of the Company's royalty interests, management makes estimates of the discounted net cash flows expected to be derived from the Company's royalty interests, costs of disposal, and the appropriate discount rates and discount multiples that apply to the specific asset. Reductions in metal price forecasts, increases in estimated future costs of production for the mine operators, reductions in the amount of recoverable mineral reserves, mineral resources, and exploration potential, and/or adverse current economics can result in a write-down of the carrying amounts of the Company's royalty interests. Estimation of depletion The Company's royalty, stream, and other production-based interests that generate economic benefits are considered depletable and are depleted on a unit-of-production basis over the ounces of production that are expected to generate the cash flows that will be attributable to the Company. These calculations require the use of estimates and assumptions, including the amount of contained metals, the recovery rates, and payable rates for the contained metals being treated through a milling or refining process. Changes to these assumptions may impact the estimated recoverable reserves, resources or exploration potential which could directly impact the depletion rates used. Changes to depletion rates are accounted for prospectively. Derivative royalty The Company holds a derivative royalty asset which is carried at fair value at each period end. In order to calculate the fair value at period end the Company uses a valuation model and is required to make estimates and assumptions on the timing of delivery of gold ounces, future gold price, as well as future currency exchange rates. Changes to these assumptions may impact the fair value of the asset at period end, as well as the classification of the amount that is disclosed as current versus non-current. Income taxes The interpretation of existing tax laws or regulations in Canada, Australia, Argentina, Mexico, the United States, or any of the countries in which our property interests are located requires the use of judgment. Differing interpretation of these laws or regulations could result in an increase in the Company's taxes, or other governmental charges, duties or impositions. In addition, the recoverability of deferred income tax assets, including expected periods of reversal of temporary differences and expectations of future taxable income, are assessed by management at the end of each reporting period and adjusted, as necessary, on a prospective basis. Functional currency The determination of an entity's functional currency requires judgment where the operations of the Company are changing, or currency indicators are mixed. Additionally, the timing of a change in functional currency is a judgment as the balance of currency indicators may change over time. The impact on the consolidated results from the change in functional currency is described in Note 2(c).

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	7 Months Ended
	Dec. 31, 2020
Trade and other receivables [abstract]
ACCOUNTS RECEIVABLE [Text Block]	3. ACCOUNTS RECEIVABLE As at December 31, May 31, 2020 2020 Royalty, derivative royalty, and stream receivables $ 1,547,895 $ — GST and other recoverable taxes 229,075 138,739 Other receivables 36,605 39,180 Total accounts receivable $ 1,813,575 $ 177,919 As at December 31, 2020 and May 31, 2020, the Company did not have any royalty, derivative royalty and stream receivables that were past due. The Company's allowance for doubtful accounts as at December 31, 2020 and May 31, 2020, was $ Nil

ROYALTY, STREAM, AND OTHER INTE

ROYALTY, STREAM, AND OTHER INTERESTS	7 Months Ended
	Dec. 31, 2020
Royalty Interests And Deferred Acquisition Costs [Abstract]
ROYALTY, STREAM, AND OTHER INTERESTS [Text Block]	4. ROYALTY, STREAM, AND OTHER INTERESTS Producing Development Exploration assets assets assets Total As at May 31, 2019 $ 2,773,923 $ 39,217,875 $ 1,146,051 $ 43,137,849 Alamos royalty portfolio acquisition — 51,721 14,482 66,203 Fifteen Mile Stream (FMS) acquisition — 406,431 — 406,431 NuevaUnión acquisition — 1,059,449 — 1,059,449 Idaho Resources Corp. acquisition — — 4,417,921 4,417,921 Other additions — 68,013 21,448 89,461 Depletion (698,840 ) — — (698,840 ) Recoveries — — (115,013 ) (115,013 ) Reclassification (Joaquin and COSE) 6,440,685 (6,440,685 ) — — Currency adjustments (306,258 ) — (80,988 ) (387,246 ) As at May 31, 2020 $ 8,209,510 $ 34,362,804 $ 5,403,901 $ 47,976,215 Wharf acquisition 5,899,822 — — 5,899,822 Fosterville acquisition — 5,224,664 — 5,224,664 La Fortuna acquisition — 645,032 — 645,032 Genesis and GSI acquisitions — 5,195,429 100,000 5,295,429 Functional currency change adjustments (28,457 ) (179,517 ) (231,371 ) (439,345 ) Depletion (1) (829,263 ) (30,000 ) (10,097 ) (869,360 ) As at December 31, 2020 $ 13,251,612 $ 45,218,412 $ 5,262,433 $ 63,732,457 Historical cost $ 19,461,344 $ 45,248,412 $ 5,272,530 $ 69,982,286 Accumulated depletion $ (6,209,732 ) $ (30,000 ) $ (10,097 ) $ (6,249,829 ) (1) Fixed royalty payments were received in relation to certain exploration and development assets. The depletion related to these payments was recorded based on the total fixed royalty payments expected to be received under each contract (a) During the seven months ended December 31, 2020, the Company had the following acquisitions: Wharf Acquisition In June 2020, the Company closed an agreement to acquire an existing 1.0% Gross Value Return (" GVR Fosterville Acquisition In September 2020, the Company closed an agreement with NuEnergy Gas Limited to acquire an existing 2.5% GVR royalty on the northern and southern portions of Kirkland Lake Gold Ltd.'s operating Fosterville mine (" Fosterville La Fortuna Acquisition In October 2020, the Company exercised its option with Alamos Gold Corp. (" Alamos Gold La Fortuna Minera Alamos Genesis and GSI Acquisitions In December 2020, the Company closed stock purchase agreements under which it acquired all outstanding common shares of Genesis Gold Corporation (" Genesis GSI Consideration paid Cash paid $ 1,000,000 Common shares committed 4,111,181 Acquisition costs 184,248 Total consideration paid $ 5,295,429 Net assets acquired Genesis and GSI NSR interests $ 5,295,429 Total net assets acquired $ 5,295,429 Collectively, Genesis and GSI held a portfolio of eleven NSR royalties. The aggregate purchase price of $5,295,429 was allocated to each royalty based on its proportionate fair value within the portfolio of assets acquired. The Company acquired the following key NSR royalties: Big Springs A 2.0% NSR payable by Anova Metals Limited, on claims located on the Independence Trend north of the operating Jerritt Canyon Mine in Nevada, USA. Caldera A 1.0% NSR payable by Discovery Harbour Resources, on claims located less than 50km from Kinross Gold Corporation's Round Mountain mine in Nevada, USA. Golden Dome A 2.0% NSR (1.0% NSR on encumbered Golden Dome claims) payable by Anova Metals Limited, on claims located on the Independence Trend north of the operating Jerritt Canyon Mine in Nevada, USA. Green Springs A 2.0% NSR payable by Contact Gold Corp., on claims located southeast of Fiore Gold Ltd.'s producing Pan Mine and 45km south of Kinross Gold's Bald Mountain mine complex in Nevada, USA. Pine Valley A 3.0% NSR payable by Nevada Gold Mines, a joint venture between Barrick Gold Corporation and Newmont Corporation, on claims located south of the Goldrush Deposit along the Battle Mountain-Eureka Trend in Nevada, USA. (b) During the twelve months ended May 31, 2020, the Company had the following acquisitions: IRC Acquisition In May 2020, the Company closed its stock purchase agreement under which it acquired all outstanding common shares of Idaho Resources Corp. (" IRC GOR Consideration paid Cash paid $ 2,147,523 Common shares issued 2,108,443 Acquisition costs 180,973 Total consideration paid $ 4,436,939 Net assets acquired Cash $ 616 Marketable securities 18,402 IRC NSR interests 4,417,921 Total net assets acquired $ 4,436,939 The Company acquired the following GOR interests: Anglo/Zeke A 0.5% GOR payable by Nevada Gold Mines, a joint venture between Barrick Gold Corporation and Newmont Corporation, on claims located southeast of the Cortez Operations and Goldrush project in Nevada, USA. Red Hill A 1.5% GOR payable by NuLegacy Gold Corporation, on claims located southeast of the Cortez Operations and Goldrush project and Anglo/Zeke claim in Nevada, USA. NuevaUnión Acquisition In February 2020, the Company entered into a purchase agreement, jointly with Nova Royalty Corp. (" Nova NuevaUnión Alamos Royalty Portfolio Acquisition Biricu In June 2019, the Company issued 2,574 common shares (valued at $3.31 per share on June 20, 2019) for a 2.0% NSR royalty on the Biricu project, in connection to the same purchase and sale agreement dated April 2019. Orion In August 2019, the Company and Alamos amended the purchase and sale agreement dated April 2019 to remove one NSR royalty and include the purchase of the Orion NSR royalty for common shares of the Company, which is subject to closing conditions. During the twelve months ended May 31, 2020, the Company paid $57,675 of acquisition costs. Tower Mountain Acquisition The Tower Mountain project located in Ontario, Canada was wholly-owned by ValGold Resources Ltd. (" ValGold Fifteen Mile Stream Acquisition In August 2019, the Company entered into an agreement to acquire a 3.0% NSR royalty on the western half of the Plenty Zone and Seloam Brook prospect of St. Barbara Ltd.'s (" St. Barbara FMS

DERIVATIVE ROYALTY ASSET

DERIVATIVE ROYALTY ASSET	7 Months Ended
	Dec. 31, 2020
Derivative Royalty Asset [Abstract]
DERIVATIVE ROYALTY ASSET [Text Block]	5. DERIVATIVE ROYALTY ASSET In October 2020, the Company closed an agreement to acquire an existing 27.5% price participation royalty (" PPR Higginsville The royalty is a 27.5% PPR royalty on the difference between the average London PM fix gold price for the quarter and A$1,340/oz on the first 2,500 ounces per quarter for a cumulative total of 34,000 ounces of gold. As the amount received by the Company will vary depending on changes in the London PM fix gold price and the changes in the exchange rate between the A$ and the US$, the Company has recognized the Higginsville PPR as a derivative asset caried at fair value through profit and loss. As per IFRS 9, the Higginsville PPR was recognized as a derivative asset upon inception at $7.2 million, any cash received from the Higginsville PPR will be used to reduce the derivative asset, and at each period-end the Company will estimate the fair value of the Higginsville PPR using a valuation model with any changes between the estimated fair value and the carrying value flowing through profit or loss in the period. The changes in the derivative royalty asset for the seven months ended December 31, 2020 were as follows: Derivative royalty asset As at May 31, 2020 $ — Additions 7,203,474 Payments received or due under derivative royalty asset (1,040,100 ) Mark-to-market gain on derivative royalty asset 269,236 As at December 31, 2020 $ 6,432,610 Current portion $ 2,416,461 Long - term portion $ 4,016,149 At December 31, 2020, the key inputs used in the Company's valuation model for the Higginsville PPR derivate asset were: 29,890 ounces of gold remaining to be delivered; Gold price estimates ranging from $1,773/oz to $1,936/oz; and U.S. Dollar to Australian Dollar exchange rate estimates ranging from A$1.35 to A$1.37 per $1.00. Based on the valuation model the Company estimated the fair value at December 31, 2020 of $6,432,610 and recorded a mark-to-market gain on the Higginsville derivate asset of $269,236.

INVESTMENT IN SILVERBACK

INVESTMENT IN SILVERBACK	7 Months Ended
	Dec. 31, 2020
Investment property [Abstract]
INVESTMENT IN SILVERBACK [Text Block]	6. INVESTMENT IN SILVERBACK As at December 31, May 31, 2020 2020 Opening balance $ 1,516,672 $ 1,680,288 Income in Silverback for the period 152,179 75,069 Distribution — (238,685 ) Ending balance $ 1,668,851 $ 1,516,672 The Company, through its wholly-owned subsidiary, holds a 15% interest in Silverback Ltd. (" Silverback NLGM Seven months Twelve months ended ended December 31, May 31, 2020 2020 Current assets $ 1,983,260 $ 363,522 Non-current assets 1,635,599 2,349,324 Total assets 3,618,859 2,712,845 Total liabilities (183,692 ) (155,817 ) Revenue from stream interest 1,649,612 1,650,490 Depletion (588,391 ) (1,065,514 ) Net income and comprehensive income for the period $ 1,014,554 $ 500,460

TRADE AND OTHER PAYABLES

TRADE AND OTHER PAYABLES	7 Months Ended
	Dec. 31, 2020
Schedule Of Detailed Information About Trade And Others Payable [Abstract]
TRADE AND OTHER PAYABLES [Text Block]	7. TRADE AND OTHER PAYABLES As at December 31, May 31, 2020 2020 Trade payables and accrued liabilities $ 1,400,319 $ 1,004,123 Payables on acquisitions 250,000 250,000 Lease liability — 2,976 Taxes payable 121,985 160,879 Total trade and other payables $ 1,772,304 $ 1,417,978

LOANS PAYABLE

LOANS PAYABLE	7 Months Ended
	Dec. 31, 2020
Loan Payable [Abstract]
LOANS PAYABLE [Text Block]	8. LOANS PAYABLE Convertible Other loan facility loans Total As at May 31, 2019 $ — $ 2,146,124 $ 2,146,124 Additions 5,367,275 — 5,367,275 Allocation of conversion feature (2,133,352 ) — (2,133,352 ) Interest expense 647,466 53,545 701,011 Repayments (357,819 ) (2,146,575 ) (2,504,394 ) Currency translation adjustments — (53,094 ) (53,094 ) As at May 31, 2020 3,523,570 — 3,523,570 Conversion (3,603,128 ) — (3,603,128 ) Additions 3,833,768 — 3,833,768 Allocation of conversion feature (955,703 ) — (955,703 ) Interest expense 424,104 — 424,104 Interest payments (219,164 ) — (219,164 ) Foreign exchange adjustments 59,259 — 59,259 As at December 31, 2020 $ 3,062,706 $ — $ 3,062,706 In March 2019, the Company entered into a convertible loan facility (the " Loan Facility Beedie four year On August 6, 2020, the Company completed an amendment with Beedie on its Loan Facility (the " Loan Amendment Beedie converted C$6,000,000 of the C$7,000,000 drawn down on the Loan Facility in 2019 at a conversion price of C$5.56 per share for a total of 1,079,136 common shares of the Company. The conversion price on the remaining C$1,000,000 will remain at C$5.56 per share; the Company drew down the remaining undrawn C$5,000,000 available from the Loan Facility and the conversion price for this drawn C$5,000,000 was repriced from C$5.56 to C$9.90 per share; the Loan Facility was increased by an aggregate C$20,000,000. All future advances from the additional C$20,000,000 will have a minimum amount of C$2,500,000 and each advance will have its own conversion price based on a 20% premium to the 30-day Volume Weighted Average Price (" VWAP if for a period of 30 consecutive trading days the 30-day VWAP is at a 50% premium above any or all of the conversion prices, the Company may elect to convert the principal amount outstanding under the Loan Facility at the respective conversion prices; the standby fee on all undrawn funds available under the Loan Facility will bear an interest rate of 1.5% (previously 2.5%), the interest rate on all drawn funds will remain unchanged at 8.0%; and the maturity date remains unchanged with principal payment due April 21, 2023. Following this conversion and draw down, under the Loan Facility and the Loan Amendment (together the " Amended Loan Facility In August 2020, the Company drew down $3,833,768 (C$5,000,000) from the Amended Loan Facility of which $2,878,065 was allocated to the liability portion and the residual value of $955,703 was allocated to the conversion feature as equity reserves. A deferred tax liability of $258,040 related to the taxable temporary difference arising from the equity portion of the convertible loan was recognized as an offset in equity reserves. The effective interest rate on the liability portion was 20.0% per annum, with an expected life of approximately three years. In August 2020, as per the terms of the Loan Amendment, Beedie converted C$6,000,000 of the initial draw-down on the Loan Facility in 2019 at a conversion price of C$5.56 per share for a total of 1,079,136 common shares of the Company. Upon conversion the Company derecognized $3,084,141 from the liability, and $1,828,588 from equity reserves and transferred $4,912,729 to share capital. The Company also recorded a deferred income tax expense of $409,423 with an offset to equity reserves to unwind a portion of the deferred taxes that were recognized in August 2019 upon the first draw-down. In October 2020, as per the terms of the Loan Amendment, Beedie converted the remaining C$1,000,000 of the initial draw-down on the Loan Facility in 2019 at a conversion price of C$5.56 per share for a total of 179,856 common shares of the Company. Upon conversion the Company derecognized $518,987 from the liability, and $304,764 from equity reserves and transferred $823,751 to share capital. The Company also recorded a deferred income tax expense of $166,583 with an offset to equity reserves to unwind a portion of the deferred taxes that were recognized in August 2019 upon the first draw-down. For the seven months ended December 31, 2020, the Company recognized finance charges of $187,680 (May 31, 2020 - $334,410) related to costs associated with the Amended Loan Facility, including standby fees on the undrawn portion of the Amended Loan Facility, as well as set up and other associated costs.

REVENUE

REVENUE	7 Months Ended
	Dec. 31, 2020
Revenue [abstract]
REVENUE [Text Block]	9. REVENUE Seven months Twelve months ended ended December 31, May 31, 2020 2020 Royalty revenue Wharf $ 894,872 $ — COSE 237,228 47,321 Joaquin 85,707 21,896 Total royalty revenue 1,217,807 69,217 Stream revenue - Endeavor — 2,699,607 Other fixed royalty payments 91,845 — Total revenue $ 1,309,652 $ 2,768,824 The Company operates in one industry and has one reportable segment, which is reviewed by the chief operating decision maker.

INCOME TAXES

INCOME TAXES	7 Months Ended
	Dec. 31, 2020
INCOME TAXES [abstract]
INCOME TAXES [Text Block]	10. INCOME TAXES Income tax expense differs from the amount that would result from applying Canadian income tax rates to earnings before income taxes. These differences result from the following items: Seven months Twelve months ended ended December 31, May 31, 2020 2020 Loss before income taxes $ (4,258,786 ) $ (4,702,285 ) Canadian federal and provincial income tax rates 27.00% 27.00% Expected income tax expense (recovery) at statutory income tax rate (1,149,872 ) (1,269,617 ) Difference between Canadian and foreign tax rate (77,921 ) (14,199 ) Permanent differences 411,581 502,848 Changes in unrecognized deferred tax assets 410,685 403,257 Other adjustments 892,550 97,953 Total income tax expense (recovery) $ 487,023 $ (279,758 ) Current income tax expense (recovery) $ 181,315 $ (98,695 ) Deferred income tax expense (recovery) $ 305,708 $ (181,063 ) The current income tax expense (recovery) and deferred income tax expense (recovery) is in respect of the following geographic regions: Seven months ended December 31, 2020 United States Canada Australia of America Total Current income tax expense $ — $ 85,018 $ 96,297 $ 181,315 Deferred income tax expense 300,576 1,065 4,067 305,708 Total income tax expense $ 300,576 $ 86,083 $ 100,364 $ 487,023 Twelve months ended May 31, 2020 United States Canada Australia of America Total Current income tax expense (recovery) $ — $ (98,695 ) $ — $ (98,695 ) Deferred income tax expense (recovery) (576,004 ) 394,941 — (181,063 ) Total income tax expense (recovery) $ (576,004 ) $ 296,246 $ — $ (279,758 ) The composition of the Company's net deferred income tax asset (liability) that has been recognized is as follows: As at December 31, 2020 United States Total Canada Australia of America Deferred tax assets: Mineral expenditures and capital assets $ 1,208,361 $ — $ 4,109 $ 1,212,470 Share issue costs 133,563 — — 133,563 Non-capital losses and others 3,958,388 — — 3,958,388 5,300,312 — 4,109 5,304,421 Unrecognized deferred tax assets (5,066,922 ) — — (5,066,922 ) Deferred tax liabilities (233,390 ) (507,291 ) (8,176 ) (748,857 ) Net deferred income tax liability $ — $ (507,291 ) $ (4,067 ) $ (511,358 ) As at May 31, 2020 United States Canada Australia of America Total Deferred tax assets: Mineral expenditures and capital assets $ 1,181,258 $ — $ — $ 1,181,258 Share issue costs 130,388 — — 130,388 Non-capital losses and others 3,908,148 — — 3,908,148 5,219,794 — — 5,219,794 Unrecognized deferred tax assets (4,818,605 ) — — (4,818,605 ) Deferred tax liabilities (401,189 ) (506,291 ) — (907,480 ) Net deferred income tax liability $ — $ (506,291 ) $ — $ (506,291 ) The Company's significant temporary differences, unused tax credits, and unused tax losses that have not been recognized as deferred income tax assets are as follows: Mineral expenditures and other capital assets Share issue costs Non- capital losses and others Total Expiry 2026 to 2040 $ — $ 494,677 $ 11,870,110 $ 12,364,787 No expiry date 4,475,412 — 4,694,775 9,170,187 Tax attributes are subject to review, and potential adjustments, by tax authorities.

SHARE CAPITAL

SHARE CAPITAL	7 Months Ended
	Dec. 31, 2020
Disclosure of classes of share capital [abstract]
SHARE CAPITAL [Text Block]	11. SHARE CAPITAL Authorized share capital consists of an unlimited number of common shares without par value. (a) Issued Share Capital As at December 31, 2020, the Company had 39,739,047 common shares issued and outstanding (May 31, 2020 - 35,114,048). During the seven months ended December 31, 2020, the Company: issued 282,700 common shares in the ATM at an average price of $10.58 per share for gross proceeds of $3.0 million, with aggregate commissions paid or payable to the agents and other share issue costs of $0.1 million, resulting in aggregate net proceeds of $2.9 million; issued 2,195,262 common shares for the acquisition of royalty and other interests; issued 1,258,992 common shares related to the partial conversion of the Loan Facility; issued 724,170 common shares related to the exercise of share purchase warrants; and issued 163,875 common shares related to the vesting of RSUs, and the exercise of stock options. During the twelve months ended May 31, 2020, the Company: issued 359,695 common shares for the acquisition of royalty and stream interests; issued 959,698 common shares related to the exercise of share purchase warrants; and issued 656,408 common shares related to the vesting of RSUs, and the exercise of stock options. (b) Stock Options The Company has adopted a stock option plan approved by the Company's shareholders. The maximum number of shares that may be reserved for issuance under the plan is limited to 10% of the issued common shares of the Company at any time, less the amount reserved for RSUs. The vesting terms, if any, are determined by the Company's Board of Directors at the time of the grant. The continuity of stock options for the seven months ended December 31, 2020 was as follows: Weighted average exercise price Number (C$ ) outstanding As at May 31, 2019 $ 2.30 2,171,873 Granted 7.66 600,000 Exercised 1.71 (565,603 ) Cancelled/Expired 2.32 (3,125 ) As at May 31, 2020 $ 3.91 2,203,145 Granted 12.85 420,000 Exercised 2.44 (88,875 ) As at December 31, 2020 $ 5.44 2,534,270 As at December 31, 2020, the weighted average remaining life of the stock options outstanding was 3.01 years (May 31, 2020 - 3.21 years). The Company's outstanding and exercisable stock options as at December 31, 2020 and their expiry dates are as follows: Exercise price Number Number Expiry date (C$) outstanding exercisable July 15, 2021 $ 0.84 41,666 41,666 November 30, 2021 1.32 116,666 116,666 March 6, 2022 2.32 93,750 93,750 July 31, 2022 2.16 401,000 401,000 March 1, 2023 2.56 231,500 231,500 September 17, 2023 2.92 320,313 320,313 January 4, 2024 3.24 309,375 215,627 January 15, 2025 7.66 600,000 150,000 November 6, 2025 12.85 420,000 — 2,534,270 1,570,522 (c) Share Purchase Warrants The continuity of share purchase warrants for the seven months ended December 31, 2020 was as follows: Weighted average exercise price Number (C$) outstanding As at May 31, 2019 $ 3.95 1,690,893 Exercised 3.62 (959,698 ) As at May 31, 2020 4.39 731,195 Exercised 4.39 (724,170 ) Expired 4.68 (7,025 ) As at December 31, 2020 $ — — On August 6, 2020, pursuant to the terms of the underlying agreements, the Company announced the acceleration of the expiry dates of certain warrants to September 4, 2020, in prior periods these warrants had expiry dates of December 31, 2020 and January 4, 2021. As at December 31, 2020, the Company has no share purchase warrants outstanding. (d) Restricted Share Units The Company has adopted an RSU plan approved by the Company's shareholders. The maximum number of RSUs that may be reserved for issuance under the plan is limited to 800,000. The vesting terms, if any, are determined by the Company's Board of Directors at the time of issuance. The continuity of RSUs for the seven months ended December 31, 2020 was as follows: Number outstanding As at May 31, 2019 — Granted 171,805 Exercised (90,805 ) As at May 31, 2020 81,000 Granted 205,000 Vested (75,000 ) As at December 31, 2020 211,000 (e) Share-based Payments The Company has an incentive stock option plan whereby the Company may grant share options to employees, directors, officers, and consultants of the Company. During the seven months ended December 31, 2020, the Company granted 420,000 stock options (May 31, 2020 - 600,000) with a weighted-average exercise price of C$12.85 (May 31, 2020 - C$7.66) and a fair value of $2,065,032 or $4.92 per option (May 31, 2020 - $1,738,607 or $2.90). The fair value of the stock options granted was estimated using the Black-Scholes option pricing model with weighted average assumptions as follows: Seven months Twelve months ended ended December 31, May 31, 2020 2020 Risk free interest rate 0.40% 1.54% Expected dividend yield 0% 0.63% Expected stock price volatility 58% 60% Expected life in years 5 5 Forfeiture rate 0% 0% For the seven months ended December 31, 2020, in accordance with the vesting terms of the stock options granted, the Company recorded a charge to share-based payments expense of $1,066,094 (May 31, 2020 - $1,068,013) with an offsetting credit to reserves. For the seven months ended December 31, 2020, in accordance with the vesting terms of the RSUs granted, the Company recorded a charge to share-based payments expense of $566,038 (May 31, 2020 - $496,739) with offsetting credits of $225,426 and $340,612 (May 31, 2020 - $290,135 and $206,604) to share capital and reserves, respectively.

RELATED PARTY TRANSACTIONS AND

RELATED PARTY TRANSACTIONS AND BALANCES	7 Months Ended
	Dec. 31, 2020
Disclosure of transactions between related parties [Abstract]
RELATED PARTY TRANSACTIONS AND BALANCES [Text Block]	12. RELATED PARTY TRANSACTIONS AND BALANCES The aggregate value of transactions and outstanding balances relating to key management personnel were as follows: Seven months Twelve months ended ended December 31, May 31, 2020 2020 Salaries and fees (1) $ 865,052 $ 880,556 Share-based payments 1,175,647 1,297,981 $ 2,040,699 $ 2,178,537 (1) The services of the Chief Financial Officer (" CFO As at December 31, 2020, the Company had $451,105 (May 31, 2020 - $452,658) due to directors and management related to remuneration and expense reimbursements, which have been included in accounts payable and accrued liabilities. As at December 31, 2020, the Company had $36,605 (May 31, 2020 -

SUPPLEMENTAL DISCLOSURE WITH RE

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS	7 Months Ended
	Dec. 31, 2020
Supplemental Disclosure Of Cash Flow [Abstract]
SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS [Text Block]	13. SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS Significant Non-Cash Investing and Financing Activities During the seven months ended December 31, 2020, the Company: a) b) c) d) e) f) g) h) During the twelve months ended May 31, 2020, the Company: a) b) c) d) e) f) g)

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	7 Months Ended
	Dec. 31, 2020
Disclosure of detailed information about financial instruments [Abstract]
FINANCIAL INSTRUMENTS [Text Block]	14. FINANCIAL INSTRUMENTS The Company classified its financial instruments as follows: As at December 31, May 31, 2020 2020 Financial assets Amortized cost: Cash $ 5,299,904 $ 3,600,409 Royalty, derivative royalty, and stream receivables 1,547,895 — Other receivables 265,680 39,180 Fair value through profit or loss: Derivative royalty asset 6,432,610 — Marketable securities 43,984 27,603 Total financial assets $ 13,590,073 $ 3,667,192 Financial liabilities Amortized cost: Trade and other payables $ 1,772,304 $ 1,254,123 Loans payable 3,062,706 3,523,570 Total financial liabilities 4,835,010 4,777,693 Fair value Financial instruments recorded at fair value on the consolidated statement of financial position are classified using a fair value hierarchy that reflects the significance of the inputs used in making the measurements. The fair value hierarchy has the following levels: a) b) c) The fair value hierarchy requires the use of observable market inputs whenever such inputs exist. A financial instrument is classified to the lowest level of the hierarchy for which a significant input has been considered in measuring fair value. The carrying value of cash, receivables, and accounts payable and accrued liabilities approximated their fair value because of the short-term nature of these instruments. Marketable securities are classified within Level 1 of the fair value hierarchy. Royalty, derivative royalty, and stream receivables that reflect amounts that are receivable to the Company without further adjustments are classified as amortized cost. The fair value of the Company's loans payable is approximated by its carrying value as its interest rates are comparable to market interest rates. The derivative royalty asset was valued using inputs that are not observable, including a gold forward price curve, US$/A$ foreign exchange rates based on forward curves, and an estimated discount rate (Note 5). Therefore, the derivate royalty asset is classified within Level 3 of the fair value hierarchy. Capital risk management The Company's objectives when managing capital are to provide shareholder returns through maximization of the profitable growth of the business and to maintain a degree of financial flexibility relevant to the underlying operating and metal price risks while safeguarding the Company's ability to continue as a going concern. The capital of the Company consists of share capital. The Board of Directors does not establish a quantitative return on capital criteria for management. The Company manages the capital structure and makes adjustments to it in light of changes in economic conditions and the risk characteristics of the underlying assets. The Company may issue new shares in order to meet its financial obligations. The management of the Company believes that the capital resources of the Company as at December 31, 2020 are sufficient for its present needs for at least the next twelve months. The Company is not subject to externally imposed capital requirements. Credit risk Credit risk arises from cash deposits, as well as credit exposures to counterparties of outstanding receivables and committed transactions. There is no significant concentration of credit risk other than cash deposits. The Company's cash deposits are primarily held with a Canadian chartered bank. Receivables include value added tax due from the Canadian government. The carrying amount of financial assets recorded in the financial statements represents the Company's maximum exposure to credit risk. The Company believes it is not exposed to significant credit risk and overall, the Company's credit risk has not declined from the prior year. Liquidity risk The Company strives to maintain sufficient liquidity to meet its short-term business requirements, taking into account its anticipated cash flows from royalty interests, its holdings of cash, and its committed liabilities. The maturities of the Company's non‐current liability are disclosed in Note 8. All current liabilities are settled within one year. Currency risk The Company is exposed to the financial risk related to the fluctuation of foreign exchange rates. The Company primarily operates in Canada, Australia, Argentina, Mexico, and the United States and incurs expenditures in currencies other than United States dollars. Thereby, the Company is exposed to foreign exchange risk arising from currency exposure. The Company has not hedged its exposure to currency fluctuations. Based on the above net exposure, as at December 31, 2020, and assuming that all other variables remain constant, a 1% depreciation or appreciation of the United States dollar against the Canadian dollar, Australian dollar, Argentinian peso, and Mexican peso would result in an increase/decrease in the Company's pre-tax income or loss of approximately $22,990.

COMMITMENTS

COMMITMENTS	7 Months Ended
	Dec. 31, 2020
Disclosure Of Commitment [Abstract]
COMMITMENTS [Text Block]	15. COMMITMENTS As at December 31, 2020, the Company had the following contractual obligations: Less than 1 to Over 1 year 3 years 4 years Total Trade and other payables $ 1,522,304 $ — $ — $ 1,522,304 Loans payable principal and interest payments 549,797 4,644,108 — 5,193,905 Payments related to acquisition of royalties and streams 250,000 — — 250,000 Tot al commitments $ 2,322,101 $ 4,644,108 $ — $ 6,966,209 In addition to the commitments above, the Company could in the future have additional commitments payable in cash and/or shares related to the acquisition of royalty and stream interests as disclosed in Note 4. However, these payments are subject to certain triggers or milestone conditions that have not been met as of December 31, 2020.

EVENTS AFTER REPORTING DATE

EVENTS AFTER REPORTING DATE	7 Months Ended
	Dec. 31, 2020
Disclosure of non-adjusting events after reporting period [Abstract]
EVENTS AFTER THE REPORTING DATE [Text Block]	16. EVENTS AFTER REPORTING DATE Subsequent to December 31, 2020, the Company had the following transactions: a) b) c) d) e) f)

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	7 Months Ended
	Dec. 31, 2020
Disclosure Of Significant Accounting Policies [Abstract]
Statement of Compliance [Policy Text Block]	(a) Statement of Compliance The consolidated financial statements have been prepared using accounting policies in compliance with International Financial Reporting Standards (" IFRS IASB IFRIC
Basis of preparation and measurement [Policy Text Block]	(b) Basis of Preparation and Measurement These consolidated financial statements have been prepared on a historical cost basis, except for financial instruments, which have been measured at fair value. In addition, these consolidated financial statements have been prepared using the accrual basis of accounting except for cash flow information. These consolidated financial statements are presented in United States Dollars except as otherwise indicated.
Foreign currency translation [Policy Text Block]	(c) Foreign Currency Translation Functional currency Items included in the financial statements of each consolidated entity are measured using the currency of the primary economic environment in which the entity operates (the " functional currency Effective Date Presentation currency On September 1, 2020, the Company elected to change its presentation currency from the Canadian dollar (" C$ CAD $ USD From September 1, 2020, the United States dollar presentation currency is consistent with the functional currency of the Company. For periods prior to September 1, 2020, the statements of financial position for each period presented have been translated from the Canadian dollar presentation currency to the new United States dollar presentation currency at the rate of exchange prevailing on September 1, 2020. Transactions and balances Transactions in currencies other than the functional currency are recorded at exchange rates prevailing on the dates of the transactions. At the end of each reporting period, the monetary assets and liabilities of the Company that are denominated in foreign currencies are translated at the rate of exchange at the reporting date while non-monetary assets and liabilities are translated at historical rates. Revenues and expenses are translated at the exchange rates approximating those in effect on the date of the transactions. Exchange gains and losses arising on translation are included in the consolidated statement of loss and comprehensive loss.
Principles of consolidation [Policy Text Block]	(d) Principles of Consolidation These consolidated financial statements include the accounts of the parent company and its subsidiaries after eliminating intercompany balances and transactions. Subsidiaries Subsidiaries are all entities over which the Company has exposure to variable returns from its involvement and has the ability to use power over the investee to affect its returns. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Company controls another entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Company until the date on which control ceases.
Royalty, stream, and other interests [Policy Text Block]	(e) Royalty, Stream, and Other Interests Royalty, stream, and other interests consist of acquired royalty, stream, and other interests. These interests are recorded at cost and capitalized as tangible assets with finite lives. They are subsequently measured at cost less accumulated depletion and accumulated impairment losses, if any. Project evaluation costs that are not related to a specific royalty or stream asset are expensed in the period incurred. Producing royalty and stream interests are depleted using the units-of-production method over the life of the property to which the interest relates, which is estimated using available information of proven and probable reserves and the portion of resources expected to be classified as mineral reserves at the mine corresponding to the specific agreement. On acquisition of a royalty or stream interest, an allocation of its fair value may be attributed to the exploration potential of the interest and is recorded as an exploration asset on the acquisition date. The carrying value of the exploration potential is accounted for in accordance with IFRS 6 Exploration and Evaluation of Mineral Resources (" IFRS 6 IAS 16
Joint Operations [Policy Text Block]	(f) Joint Operations Under IFRS 11 Joint Arrangements investments in joint arrangements are classified as either joint operations or joint ventures. The classification depends on the contractual rights and obligations of each investor, rather than the legal structure of the joint arrangement. The Company recognizes its direct right to the assets, liabilities, revenues, and expenses of joint operations and its share of any jointly held or incurred assets, liabilities, revenues, and expenses.
Investments in associates [Policy Text Block]	(g) Investments in Associates Companies over which the Company has significant influence, but not control, are determined to be associates and accounted for using the equity basis of accounting, whereby the investment is initially recorded at cost, adjusted to recognize the Company's share of earnings or losses and reduced by dividends received. The Company assesses its equity investments for impairment if there is objective evidence of impairment as a result of one or more events that occurred after the initial recognition of the equity investment and if the event or events have an impact on the estimated future cash flow of the investment. Objective evidence of impairment of an equity investment includes: Significant financial difficulty of the associated companies; Becoming probable that the associated companies will enter bankruptcy or other financial reorganization; or National or local economic conditions that correlate with defaults of the associated companies.
Impairment of non-financial assets [Policy Text Block]	(h) Impairment of Royalty, Stream, and Other interests The carrying amounts of non-financial assets, excluding deferred income tax assets, are reviewed for impairment at each reporting date, or whenever events or changes in circumstances indicate the carrying amounts may not be recoverable. If there are indicators of impairment, a review is undertaken to determine whether the carrying amounts are in excess of their recoverable amounts. Reviews are undertaken on an asset-by-asset basis, except where the recoverable amount for an individual asset cannot be determined, in which case the review is undertaken at the cash-generating unit (" CGU If the carrying amount of a CGU or non-financial asset exceeds the recoverable amount, being the higher of its fair value less costs to sell and its value-in-use, an impairment loss is recognized in net loss as the excess of the carrying amount over the recoverable amount. With respect to CGUs, impairment losses are allocated to reduce the carrying amounts of the assets of the CGU on a pro-rata basis. The future cash flows expected is derived using estimates of proven and probable reserves, a portion of resources that is expected to be converted into reserves and information regarding the Company's royalty, stream, and other production-based interests, respectively, that could affect the future recoverability of the Company's interests. Discount factors are determined individually for each asset and reflect their respective risk profiles. In certain circumstances, the Company may use a market approach in determining the recoverable amount which may include an estimate of (a) net present value of estimated future cash flows; (b) dollar value per ounce or pound of reserve/resource; (c) cash-flow multiples; and/or (d) market capitalization of comparable assets. Non-financial assets that have previously been impaired are tested for a possible reversal of the impairment whenever events or changes in circumstances indicate that the impairment may have reversed, or may have partially reversed. In these instances, the impairment loss is reversed to the recoverable amount but not beyond the carrying amount, net of amortization, that would have arisen if the prior impairment loss had not been recognized.
Revenue Recognition [Policy Text Block]	(i) Revenue Recognition Revenue is comprised of revenue earned in the year from royalty, stream, and other interests. The Company recognizes revenue upon the transfer of control of the relevant commodity to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those commodities. For stream interests, revenue recognition occurs when the relevant commodity received from the stream operator is delivered by the Company to its third-party customers. Revenue is measured at the fair value of the consideration received or receivable when management can reliably estimate the amount, pursuant to the terms of the sales contract. For royalty interests, revenue recognition occurs when control of the relevant commodity is transferred to the end customer by the operator of the royalty property. Revenue is measured at the fair value of the consideration received or receivable when management can reliably estimate the amount, pursuant to the terms of the royalty agreement. In some instances, the Company will not have access to sufficient information to make a reasonable estimate of consideration to which it expects to be entitled and, accordingly, revenue recognition is deferred until management can make a reasonable estimate. Differences between estimates and actual amounts are adjusted and recorded in the period that the actual amounts are known.
Financial instruments [Policy Text Block]	(j) Financial Instruments All financial instruments are initially recorded at fair value and designated as follows: Cash includes cash on account and is subsequently measured at amortized cost. Trade receivables relate to amounts received from sales of refined gold and silver and royalty revenue. These receivables are non-interest bearing and are recognized at fair value and are subsequently measured at amortized cost. We have applied the simplified approach to determining expected credit losses, which requires expected lifetime losses to be recognized upon initial recognition of the receivables. Marketable securities are designated as fair value through profit and loss (" FVTPL FVOCI Derivative royalty assets are designated as FVTPL. Fair values are determine using a valuation model and inputs that are not based on observable market data. Accounts payables, accrued liabilities, and loans payable are initially recorded at fair value, less transaction costs. These financial liabilities are subsequently measured at amortized cost, calculated using the effective interest rate method
Related Party Transactions [Policy Text Block]	(k) Related Party Transactions Parties are considered related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered related if they are subject to common control or significant influence. A transaction is considered a related party transaction when there is a transfer of resources or obligations between related parties.
Share capital [Policy Text Block]	(l) Share Capital Common shares issued for non-monetary consideration are recorded at their fair value based on closing price on the measurement date and classified as equity. The measurement date is defined as the earliest of the date at which the commitment for performance by the counterparty to earn the common shares is reached or the date at which the counterparty's performance is complete. The proceeds from the issue of units are allocated between common shares and share purchase warrants on a pro-rata basis based on the relative fair values. The fair value of the common shares is based on the market closing price on the date of issuance and the fair value of the share purchase warrants is determined using the Black-Scholes option pricing model. Transaction costs directly attributable to the issue of common shares are recognized as a deduction from equity, net of any tax effects.
Earnings (loss) per share [Policy Text Block]	(m) Earnings (loss) Per Share The Company presents basic earnings (loss) per share data for its common shares, calculated by dividing the income (loss) attributable to equity holders of the Company by the weighted average number of common shares issued and outstanding during the period. Diluted earnings per share is calculated by adjusting the earnings attributable to equity holders and the weighted average number of common shares outstanding for the effects of all potentially dilutive common shares. The calculation of diluted earnings per share assumes that the proceeds to be received on the exercise of dilutive share options and warrants are used to repurchase common shares at the average market price during the period. In periods where a loss is reported, diluted loss per share is the same as basic loss per share as the effects of potentially dilutive common shares would be anti-dilutive.
Income taxes [Policy Text Block]	(n) Income Taxes Income tax expense consists of current and deferred tax expense. Income tax expense is recognized in the consolidated statement of loss and comprehensive loss. Current tax expense is the expected tax payable on the taxable income for the period, using tax rates enacted or substantively enacted at period end, adjusted for amendments to tax payable with regards to previous periods. Deferred tax assets and liabilities are recognized for deferred tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and losses carried forward. Deferred tax assets and liabilities are measured using the enacted or substantively enacted tax rates expected to apply when the asset is realized or the liability settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that substantive enactment occurs. A deferred tax asset is recognized to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. To the extent that the Company does not consider it probable that a deferred tax asset will be recovered, the deferred tax asset is reduced. Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis.
Share-based payments [Policy Text Block]	(o) Share-based Payments The Company grants stock options and restricted share units (" RSUs The fair value method of accounting is used for share-based payment transactions. Under this method, the cost of stock options and other equity-settled share-based payment arrangements are recorded based on the estimated fair value at the grant date and charged to earnings over the vesting period. Where awards are forfeited because non-market based vesting conditions are not satisfied, the expense previously recognized is proportionately reversed in the period the forfeiture occurs.
Segment reporting [Policy Text Block]	(p) Segment Reporting Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-maker. The chief operating decision-maker, who is responsible for allocating resources and assessing performance of the operating segment, has been identified as the Chief Executive Officer (" CEO The Company operates in a single segment, the acquisition and management of precious metal royalties, streams, and similar production-based interests. In addition, the Company has corporate activities, which include the evaluation and acquisition of new precious metal royalties, streams, and similar production-based interests, treasury and finance, regulatory reporting, and corporate administration.
Critical accounting estimates and judgments [Policy Text Block]	(q) Critical Accounting Estimates and Judgments The preparation of the Company's consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the reported amounts of assets, liabilities and contingent liabilities at the date of the consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Estimates and assumptions are continuously evaluated and are based on management's experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. However, actual outcomes can differ from these estimates. Information about significant areas of estimation uncertainty and judgments made by management in preparing the consolidated financial statements are described below. The preparation of consolidated financial statements in conformance with IFRS requires management to make estimates, judgments and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, revenue, and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. Critical accounting estimates are estimates and assumptions made by management that may result in a material adjustment to the carrying amount of assets and liabilities within the next financial year and include, but are not limited to, the following: Royalty interests The Company holds royalty interests in production stage mineral properties. The royalty interests are recorded initially at their costs and are being depleted using the units of production basis over the expected life of the related mineral property, which is determined using available estimates of future metal prices and future production. Proven and probable reserves and future production plans associated with the royalty interests as determined by the operators impact the measurement of the respective assets. These estimates affect the depletion of the royalty interests and the assessment of the recoverability of the carrying value of the royalty interests. Management considers both external and internal sources of information in assessing whether there are any indications that the Company's royalty interests are impaired. External sources of information management considers include changes in the market, economic and legal environment in which the Company operates that are not within its control and affect the recoverable amount of its royalty interests. Internal sources of information that management considers include the indications of economic performance of the assets. In determining the recoverable amounts of the Company's royalty interests, management makes estimates of the discounted net cash flows expected to be derived from the Company's royalty interests, costs of disposal, and the appropriate discount rates and discount multiples that apply to the specific asset. Reductions in metal price forecasts, increases in estimated future costs of production for the mine operators, reductions in the amount of recoverable mineral reserves, mineral resources, and exploration potential, and/or adverse current economics can result in a write-down of the carrying amounts of the Company's royalty interests. Estimation of depletion The Company's royalty, stream, and other production-based interests that generate economic benefits are considered depletable and are depleted on a unit-of-production basis over the ounces of production that are expected to generate the cash flows that will be attributable to the Company. These calculations require the use of estimates and assumptions, including the amount of contained metals, the recovery rates, and payable rates for the contained metals being treated through a milling or refining process. Changes to these assumptions may impact the estimated recoverable reserves, resources or exploration potential which could directly impact the depletion rates used. Changes to depletion rates are accounted for prospectively. Derivative royalty The Company holds a derivative royalty asset which is carried at fair value at each period end. In order to calculate the fair value at period end the Company uses a valuation model and is required to make estimates and assumptions on the timing of delivery of gold ounces, future gold price, as well as future currency exchange rates. Changes to these assumptions may impact the fair value of the asset at period end, as well as the classification of the amount that is disclosed as current versus non-current. Income taxes The interpretation of existing tax laws or regulations in Canada, Australia, Argentina, Mexico, the United States, or any of the countries in which our property interests are located requires the use of judgment. Differing interpretation of these laws or regulations could result in an increase in the Company's taxes, or other governmental charges, duties or impositions. In addition, the recoverability of deferred income tax assets, including expected periods of reversal of temporary differences and expectations of future taxable income, are assessed by management at the end of each reporting period and adjusted, as necessary, on a prospective basis. Functional currency The determination of an entity's functional currency requires judgment where the operations of the Company are changing, or currency indicators are mixed. Additionally, the timing of a change in functional currency is a judgment as the balance of currency indicators may change over time. The impact on the consolidated results from the change in functional currency is described in Note 2(c).

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	7 Months Ended
	Dec. 31, 2020
Trade and other receivables [abstract]
Disclosure of detailed information about accounts receivables [Table Text Block]	As at December 31, May 31, 2020 2020 Royalty, derivative royalty, and stream receivables $ 1,547,895 $ — GST and other recoverable taxes 229,075 138,739 Other receivables 36,605 39,180 Total accounts receivable $ 1,813,575 $ 177,919

ROYALTY, STREAM, AND OTHER IN_2

ROYALTY, STREAM, AND OTHER INTERESTS (Tables)	7 Months Ended
	Dec. 31, 2020
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Disclosure of detailed information about royalty interests and deferred acquisition costs [Table Text Block]	Producing Development Exploration assets assets assets Total As at May 31, 2019 $ 2,773,923 $ 39,217,875 $ 1,146,051 $ 43,137,849 Alamos royalty portfolio acquisition — 51,721 14,482 66,203 Fifteen Mile Stream (FMS) acquisition — 406,431 — 406,431 NuevaUnión acquisition — 1,059,449 — 1,059,449 Idaho Resources Corp. acquisition — — 4,417,921 4,417,921 Other additions — 68,013 21,448 89,461 Depletion (698,840 ) — — (698,840 ) Recoveries — — (115,013 ) (115,013 ) Reclassification (Joaquin and COSE) 6,440,685 (6,440,685 ) — — Currency adjustments (306,258 ) — (80,988 ) (387,246 ) As at May 31, 2020 $ 8,209,510 $ 34,362,804 $ 5,403,901 $ 47,976,215 Wharf acquisition 5,899,822 — — 5,899,822 Fosterville acquisition — 5,224,664 — 5,224,664 La Fortuna acquisition — 645,032 — 645,032 Genesis and GSI acquisitions — 5,195,429 100,000 5,295,429 Functional currency change adjustments (28,457 ) (179,517 ) (231,371 ) (439,345 ) Depletion (1) (829,263 ) (30,000 ) (10,097 ) (869,360 ) As at December 31, 2020 $ 13,251,612 $ 45,218,412 $ 5,262,433 $ 63,732,457 Historical cost $ 19,461,344 $ 45,248,412 $ 5,272,530 $ 69,982,286 Accumulated depletion $ (6,209,732 ) $ (30,000 ) $ (10,097 ) $ (6,249,829 ) (1) Fixed royalty payments were received in relation to certain exploration and development assets. The depletion related to these payments was recorded based on the total fixed royalty payments expected to be received under each contract
Genesis and GSI acquisitions [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Disclosure of detailed information about purchase price allocation for acquisition [Table Text Block]	Consideration paid Cash paid $ 1,000,000 Common shares committed 4,111,181 Acquisition costs 184,248 Total consideration paid $ 5,295,429 Net assets acquired Genesis and GSI NSR interests $ 5,295,429 Total net assets acquired $ 5,295,429
Idaho Resources Corp. acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Disclosure of detailed information about purchase price allocation for acquisition [Table Text Block]	Consideration paid Cash paid $ 2,147,523 Common shares issued 2,108,443 Acquisition costs 180,973 Total consideration paid $ 4,436,939 Net assets acquired Cash $ 616 Marketable securities 18,402 IRC NSR interests 4,417,921 Total net assets acquired $ 4,436,939

DERIVATIVE ROYALTY ASSET (Table

DERIVATIVE ROYALTY ASSET (Tables)	7 Months Ended
	Dec. 31, 2020
Derivative Royalty Asset [Abstract]
Disclosure of detailed information about changes in derivative royalty asset [Table Text Block]	Derivative royalty asset As at May 31, 2020 $ — Additions 7,203,474 Payments received or due under derivative royalty asset (1,040,100 ) Mark-to-market gain on derivative royalty asset 269,236 As at December 31, 2020 $ 6,432,610 Current portion $ 2,416,461 Long - term portion $ 4,016,149

INVESTMENT IN SILVERBACK (Table

INVESTMENT IN SILVERBACK (Tables)	7 Months Ended
	Dec. 31, 2020
Investment property [Abstract]
Disclosure of detailed information about transactions recognised separately from acquisition of assets and assumption of liabilities in business combination [Table Text Block]	As at December 31, May 31, 2020 2020 Opening balance $ 1,516,672 $ 1,680,288 Income in Silverback for the period 152,179 75,069 Distribution — (238,685 ) Ending balance $ 1,668,851 $ 1,516,672
Disclosure of detailed information about associates [Table Text Block]	Seven months Twelve months ended ended December 31, May 31, 2020 2020 Current assets $ 1,983,260 $ 363,522 Non-current assets 1,635,599 2,349,324 Total assets 3,618,859 2,712,845 Total liabilities (183,692 ) (155,817 ) Revenue from stream interest 1,649,612 1,650,490 Depletion (588,391 ) (1,065,514 ) Net income and comprehensive income for the period $ 1,014,554 $ 500,460

TRADE AND OTHER PAYABLES (Table

TRADE AND OTHER PAYABLES (Tables)	7 Months Ended
	Dec. 31, 2020
Disclosure Of Detailed Information About Trade And Others Payable [Abstract]
Disclosure of detailed information about trade and other payables [Table Text Block]	As at December 31, May 31, 2020 2020 Trade payables and accrued liabilities $ 1,400,319 $ 1,004,123 Payables on acquisitions 250,000 250,000 Lease liability — 2,976 Taxes payable 121,985 160,879 Total trade and other payables $ 1,772,304 $ 1,417,978

LOANS PAYABLE (Tables)

LOANS PAYABLE (Tables)	7 Months Ended
	Dec. 31, 2020
Loan Payable [Abstract]
Disclosure of detailed information about loans payable [Table Text Block]	Convertible Other loan facility loans Total As at May 31, 2019 $ — $ 2,146,124 $ 2,146,124 Additions 5,367,275 — 5,367,275 Allocation of conversion feature (2,133,352 ) — (2,133,352 ) Interest expense 647,466 53,545 701,011 Repayments (357,819 ) (2,146,575 ) (2,504,394 ) Currency translation adjustments — (53,094 ) (53,094 ) As at May 31, 2020 3,523,570 — 3,523,570 Conversion (3,603,128 ) — (3,603,128 ) Additions 3,833,768 — 3,833,768 Allocation of conversion feature (955,703 ) — (955,703 ) Interest expense 424,104 — 424,104 Interest payments (219,164 ) — (219,164 ) Foreign exchange adjustments 59,259 — 59,259 As at December 31, 2020 $ 3,062,706 $ — $ 3,062,706

REVENUE (Tables)

REVENUE (Tables)	7 Months Ended
	Dec. 31, 2020
Revenue [abstract]
Disclosure of detailed information about revenue [Table Text Block]	Seven months Twelve months ended ended December 31, May 31, 2020 2020 Royalty revenue Wharf $ 894,872 $ — COSE 237,228 47,321 Joaquin 85,707 21,896 Total royalty revenue 1,217,807 69,217 Stream revenue - Endeavor — 2,699,607 Other fixed royalty payments 91,845 — Total revenue $ 1,309,652 $ 2,768,824

INCOME TAXES (Tables)

INCOME TAXES (Tables)	7 Months Ended
	Dec. 31, 2020
INCOME TAXES [abstract]
Disclosure of detailed information about income tax expense [Table Text Block]	Seven months Twelve months ended ended December 31, May 31, 2020 2020 Loss before income taxes $ (4,258,786 ) $ (4,702,285 ) Canadian federal and provincial income tax rates 27.00% 27.00% Expected income tax expense (recovery) at statutory income tax rate (1,149,872 ) (1,269,617 ) Difference between Canadian and foreign tax rate (77,921 ) (14,199 ) Permanent differences 411,581 502,848 Changes in unrecognized deferred tax assets 410,685 403,257 Other adjustments 892,550 97,953 Total income tax expense (recovery) $ 487,023 $ (279,758 ) Current income tax expense (recovery) $ 181,315 $ (98,695 ) Deferred income tax expense (recovery) $ 305,708 $ (181,063 )
Disclosure of detailed information about current and deferred income tax expense (recovery) respect of geographic regions [Table Text Block]	Seven months ended December 31, 2020 United States Canada Australia of America Total Current income tax expense $ — $ 85,018 $ 96,297 $ 181,315 Deferred income tax expense 300,576 1,065 4,067 305,708 Total income tax expense $ 300,576 $ 86,083 $ 100,364 $ 487,023 Twelve months ended May 31, 2020 United States Canada Australia of America Total Current income tax expense (recovery) $ — $ (98,695 ) $ — $ (98,695 ) Deferred income tax expense (recovery) (576,004 ) 394,941 — (181,063 ) Total income tax expense (recovery) $ (576,004 ) $ 296,246 $ — $ (279,758 )
Disclosure of detailed information about deferred income tax asset (liability) [Table Text Block]	As at December 31, 2020 United States Total Canada Australia of America Deferred tax assets: Mineral expenditures and capital assets $ 1,208,361 $ — $ 4,109 $ 1,212,470 Share issue costs 133,563 — — 133,563 Non-capital losses and others 3,958,388 — — 3,958,388 5,300,312 — 4,109 5,304,421 Unrecognized deferred tax assets (5,066,922 ) — — (5,066,922 ) Deferred tax liabilities (233,390 ) (507,291 ) (8,176 ) (748,857 ) Net deferred income tax liability $ — $ (507,291 ) $ (4,067 ) $ (511,358 ) As at May 31, 2020 United States Canada Australia of America Total Deferred tax assets: Mineral expenditures and capital assets $ 1,181,258 $ — $ — $ 1,181,258 Share issue costs 130,388 — — 130,388 Non-capital losses and others 3,908,148 — — 3,908,148 5,219,794 — — 5,219,794 Unrecognized deferred tax assets (4,818,605 ) — — (4,818,605 ) Deferred tax liabilities (401,189 ) (506,291 ) — (907,480 ) Net deferred income tax liability $ — $ (506,291 ) $ — $ (506,291 )
Disclosure of detailed information about significant temporary differences, unused tax credits, and unused tax losses [Table Text Block]	Mineral expenditures and other capital assets Share issue costs Non- capital losses and others Total Expiry 2026 to 2040 $ — $ 494,677 $ 11,870,110 $ 12,364,787 No expiry date 4,475,412 — 4,694,775 9,170,187

SHARE CAPITAL (Tables)

SHARE CAPITAL (Tables)	7 Months Ended
	Dec. 31, 2020
Disclosure of classes of share capital [abstract]
Disclosure of detailed information about number and weighted average exercise prices of stock options [Table Text Block]	Weighted average exercise price Number (C$ ) outstanding As at May 31, 2019 $ 2.30 2,171,873 Granted 7.66 600,000 Exercised 1.71 (565,603 ) Cancelled/Expired 2.32 (3,125 ) As at May 31, 2020 $ 3.91 2,203,145 Granted 12.85 420,000 Exercised 2.44 (88,875 ) As at December 31, 2020 $ 5.44 2,534,270
Disclosure of detailed information about range of exercise prices of outstanding share options [Table Text Block]	Exercise price Number Number Expiry date (C$) outstanding exercisable July 15, 2021 $ 0.84 41,666 41,666 November 30, 2021 1.32 116,666 116,666 March 6, 2022 2.32 93,750 93,750 July 31, 2022 2.16 401,000 401,000 March 1, 2023 2.56 231,500 231,500 September 17, 2023 2.92 320,313 320,313 January 4, 2024 3.24 309,375 215,627 January 15, 2025 7.66 600,000 150,000 November 6, 2025 12.85 420,000 — 2,534,270 1,570,522
Disclosure of detailed information about warrants activity [Table Text Block]	Weighted average exercise price Number (C$) outstanding As at May 31, 2019 $ 3.95 1,690,893 Exercised 3.62 (959,698 ) As at May 31, 2020 4.39 731,195 Exercised 4.39 (724,170 ) Expired 4.68 (7,025 ) As at December 31, 2020 $ — —
Disclosure of detailed information about number and weighted average exercise prices of Restricted share units [Table Text Block]	Number outstanding As at May 31, 2019 — Granted 171,805 Exercised (90,805 ) As at May 31, 2020 81,000 Granted 205,000 Vested (75,000 ) As at December 31, 2020 211,000
Disclosure of detailed information about pricing model with weighted average assumptions for share option granted [Table Text Block]	Seven months Twelve months ended ended December 31, May 31, 2020 2020 Risk free interest rate 0.40% 1.54% Expected dividend yield 0% 0.63% Expected stock price volatility 58% 60% Expected life in years 5 5 Forfeiture rate 0% 0%

RELATED PARTY TRANSACTIONS AN_2

RELATED PARTY TRANSACTIONS AND BALANCES (Tables)	7 Months Ended
	Dec. 31, 2020
Disclosure of transactions between related parties [Abstract]
Disclosure of detailed information about transactions between related parties [Table Text Block]	Seven months Twelve months ended ended December 31, May 31, 2020 2020 Salaries and fees (1) $ 865,052 $ 880,556 Share-based payments 1,175,647 1,297,981 $ 2,040,699 $ 2,178,537 (1) The services of the Chief Financial Officer (" CFO

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	7 Months Ended
	Dec. 31, 2020
Disclosure of detailed information about financial instruments [Abstract]
Disclosure of detailed information about classification of financial instruments [Table Text Block]	As at December 31, May 31, 2020 2020 Financial assets Amortized cost: Cash $ 5,299,904 $ 3,600,409 Royalty, derivative royalty, and stream receivables 1,547,895 — Other receivables 265,680 39,180 Fair value through profit or loss: Derivative royalty asset 6,432,610 — Marketable securities 43,984 27,603 Total financial assets $ 13,590,073 $ 3,667,192 Financial liabilities Amortized cost: Trade and other payables $ 1,772,304 $ 1,254,123 Loans payable 3,062,706 3,523,570 Total financial liabilities 4,835,010 4,777,693

COMMITMENTS (Tables)

COMMITMENTS (Tables)	7 Months Ended
	Dec. 31, 2020
Disclosure Of Commitment [Abstract]
Disclosure of detailed information about contractual obligations [Table Text Block]	Less than 1 to Over 1 year 3 years 4 years Total Trade and other payables $ 1,522,304 $ — $ — $ 1,522,304 Loans payable principal and interest payments 549,797 4,644,108 — 5,193,905 Payments related to acquisition of royalties and streams 250,000 — — 250,000 Tot al commitments $ 2,322,101 $ 4,644,108 $ — $ 6,966,209

NATURE OF OPERATIONS (Narrative

NATURE OF OPERATIONS (Narrative) (Details) - USD ($)	Dec. 31, 2020	May 31, 2020	Jun. 01, 2019
Nature Of Operations [Abstract]
Cumulative deficit	$ 34,978,936	$ 29,532,613	$ 23,579,767

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details)	Sep. 01, 2020$ / shares
Disclosure Of Significant Accounting Policies [Abstract]
Foreign exchange rate	1.3042

ACCOUNTS RECEIVABLE (Narrative)

ACCOUNTS RECEIVABLE (Narrative) (Details) - USD ($)	Dec. 31, 2020	May 31, 2020
Trade and other receivables [abstract]
Allowance for doubtful accounts

ROYALTY, STREAM, AND OTHER IN_3

ROYALTY, STREAM, AND OTHER INTERESTS (Narrative) (Details) $ / shares in Units, $ / shares in Units, $ in Millions

Dec. 11, 2020$ / shares

Dec. 31, 2020USD ($)Share

Oct. 31, 2020USD ($)

Sep. 30, 2020AUD ($)$ / sharesshares

Sep. 30, 2020USD ($)shares

Jun. 30, 2020USD ($)$ / sharesshares

May 31, 2020USD ($)Share

May 22, 2020USD ($)Share$ / shares

Feb. 29, 2020USD ($)

Aug. 31, 2019CAD ($)

Jun. 30, 2019$ / sharesshares

Feb. 28, 2006

Dec. 31, 2020USD ($)Shareshares

May 31, 2020USD ($)Shareshares

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Purchase price of acquisition

$ 4,416,619

$ 3,683,997

Wharf acquisition [Member]

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Gross Value Return ("GVR") royalty interest percentage

1.00%

Purchase price of agreement

$ 1,000,000

Number of common shares issued for acquisitions of royalty interests | shares

899,201

899,201

Share price per share | $ / shares

$ 5.52

Transaction costs on acquisition

$ 149,102

Fosterville acquisition [Member]

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Gross Value Return ("GVR") royalty interest percentage

2.50%

2.50%

Purchase price of acquisition

$ 6

Purchase price of acquisition paid in cash

$ 2

Number of common shares issued for acquisitions of royalty interests | shares

467,730

467,730

467,730

Share price per share | $ / shares

$ 8.10

Transaction costs on acquisition

$ 86,010

La Fortuna acquisition [Member]

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Percentage of NSR royalty interest

1.00%

Purchase price of acquisition paid in cash

$ 600,000

Purchase price of agreement

1,000,000

Common shares issued for acquisitions of royalty interests

400,000

Transaction costs on acquisition

$ 45,032

Genesis and GSI acquisitions [Member]

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Cash transferred

$ 1,000,000

$ 1,000,000

Number of common shares issued for acquisitions | Share

401,875

401,875

Considerations paid

$ 5,295,429

Share price per share | $ / shares

$ 10.23

Genesis and GSI acquisitions [Member] | Big Springs [Member]

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Percentage of NSR royalty interest

2.00%

Genesis and GSI acquisitions [Member] | Caldera [Member]

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Percentage of NSR royalty interest

1.00%

Genesis and GSI acquisitions [Member] | Golden Dome [Member]

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Percentage of NSR royalty interest

2.00%

Genesis and GSI acquisitions [Member] | Encumbered Golden Dome Claims [Member]

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Percentage of NSR royalty interest

1.00%

Genesis and GSI acquisitions [Member] | Green Springs [Member]

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Percentage of NSR royalty interest

2.00%

Genesis and GSI acquisitions [Member] | Pine Valley [Member]

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Percentage of NSR royalty interest

3.00%

Idaho Resources Corp. acquisition [Member]

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Cash transferred

$ 2,147,523

$ 2,000,000

$ 2,147,523

Number of common shares issued for acquisitions | Share

357,121

357,121

357,121

Considerations paid

$ 4,436,939

Share price per share | $ / shares

$ 5.90

Idaho Resources Corp. acquisition [Member] | Anglo/zeke [Member]

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Gross overriding return ("GOR") royalties percentage payable

0.50%

Idaho Resources Corp. acquisition [Member] | Red Hill [Member]

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Gross overriding return ("GOR") royalties percentage payable

1.50%

NuevaUnión acquisition [Member]

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Percentage of NSR royalty interest

2.00%

Purchase price of agreement

$ 8,000,000

Percentage of total consideration

25.00%

Cash and common shares paid

$ 2,000,000

Acquisition costs

49,518

NuevaUnión acquisition [Member] | On Closing/Signing [Member]

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Purchase price of acquisition paid in cash

750,000

NuevaUnión acquisition [Member] | February 2021 [Member]

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Purchase price of acquisition paid in cash

250,000

NuevaUnión acquisition [Member] | Payable upon the achievement of commercial production/certain milestones [Member]

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Purchase price of acquisition paid in cash

500,000

Purchase price of agreement payable in shares

$ 500,000

Alamos royalty portfolio acquisition [Member]

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Number of common shares issued for acquisitions of royalty interests | shares

2,574

Acquisition costs

$ 57,675

Alamos royalty portfolio acquisition [Member] | Biricu [Member]

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Percentage of NSR royalty interest

2.00%

Number of common shares issued for acquisitions of royalty interests | shares

2,574

Share price per share | $ / shares

$ 3.31

Tower Mountain project [Member]

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Percentage of NSR royalty interest

2.00%

Result of Independent Mineral Resource Estimation report

inferred resource of 151,000 ounces in a bulk tonnage model within 7,150,000 tonnes at an average grade of 0.66 grams per tonne gold.

Proceeds from sale of project

$ 150,000

Fifteen Mile Stream (FMS) acquisition [Member]

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Percentage of NSR royalty interest

3.00%

Purchase price of agreement

$ 2,000,000

Acquisition costs

30,067

Fifteen Mile Stream (FMS) acquisition [Member] | On Closing/Signing [Member]

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Purchase price of acquisition paid in cash

500,000

Fifteen Mile Stream (FMS) acquisition [Member] | Payable upon the achievement of commercial production/certain milestones [Member]

Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]

Purchase price of acquisition paid in cash

$ 1,500,000

DERIVATIVE ROYALTY ASSET (Narra

DERIVATIVE ROYALTY ASSET (Narrative) (Details)	Oct. 13, 2020$ / shares	Oct. 31, 2020USD ($)oz$ / Ounceshares	Dec. 31, 2020USD ($)oz$ / Ounce	May 31, 2020USD ($)
Disclosure Of Derivative Royalty Asset [Line Items]
Derivative financial assets			$ 6,432,610	$ 0
Mark-to-market gain on derivative royalty asset			$ 269,236
Higginsville Gold Operations [Member] | Karora Resources Inc [Member]
Disclosure Of Derivative Royalty Asset [Line Items]
Percentage of price participation royalty interest		27.50%
Purchase price of agreement payable in shares		$ 6,900,000
Number of common shares issued for acquisitions of royalty interests | shares		828,331
Share price per share | $ / shares	$ 8.38
Acquisition costs		$ 265,500
Gold price per ounce | $ / Ounce		1,340
Number of gold ounces | oz		2,500
Cumulative gold ounces | oz		34,000
Derivative financial assets		$ 7,200,000
Number of gold ounces remaining to be delivered | oz			29,890
Higginsville Gold Operations [Member] | Karora Resources Inc [Member] | Minimum [Member]
Disclosure Of Derivative Royalty Asset [Line Items]
Estimated gold price per ounce | $ / Ounce			1,773
Estimated U.S. dollar to Australian dollar exchange rate			1.35
Higginsville Gold Operations [Member] | Karora Resources Inc [Member] | Maximum [Member]
Disclosure Of Derivative Royalty Asset [Line Items]
Estimated gold price per ounce | $ / Ounce			1,936
Estimated U.S. dollar to Australian dollar exchange rate			1.37

INVESTMENT IN SILVERBACK (Narra

INVESTMENT IN SILVERBACK (Narrative) (Details)	7 Months Ended
	Dec. 31, 2020
Silverback Ltd. ("Silverback") [Member]
Disclosure of associates [line items]
Percentage of ownership interest in subsidiary	15.00%

LOANS PAYABLE (Narrative) (Deta

LOANS PAYABLE (Narrative) (Details)	Aug. 06, 2020CAD ($)$ / shares	Oct. 31, 2020CAD ($)$ / shares	Oct. 31, 2020USD ($)shares	Aug. 31, 2020CAD ($)shares	Aug. 31, 2020USD ($)shares	Aug. 31, 2019CAD ($)	Aug. 31, 2019USD ($)	Mar. 31, 2019CAD ($)$ / shares	Dec. 31, 2020USD ($)shares	May 31, 2020USD ($)	Aug. 31, 2020USD ($)
Disclosure Of Loans Payable [Line Items]
Additions to loan payable									$ 3,833,768	$ 5,367,275
Deferred tax liabilities									$ 748,857	907,480
Conversion on loan payable (shares) | shares									1,258,992
Finance charges									$ 187,680	334,410
Convertible loan facility [Member] | Beedie Capital ("Beedie") [Member]
Disclosure Of Loans Payable [Line Items]
Convertible loan facility								$ 12,000,000
Initial advance of convertible loan facility						$ 7,000,000	$ 5,367,275	7,000,000
Undrawn convertible loan facilities								5,000,000
Minimum tranches of convertible loan facility								$ 1,250,000
Stated rate percentage								8.00%
Interest rate on standby funds available								2.50%
Principal payment due period								April 21, 2023
Conversion price per share | $ / shares								$ 5.56
Allocation to liability portion							3,233,923
Allocation of conversion feature							2,133,352
Deferred tax liabilities							$ 576,050
Effective interest rate on liability						23.50%	23.50%
Expected life of liability						4 years	4 years
Loan Amendment [Member] | Beedie Capital ("Beedie") [Member]
Disclosure Of Loans Payable [Line Items]
Initial advance of convertible loan facility	$ 7,000,000
Stated rate percentage	8.00%
Interest rate on standby funds available	1.50%
Conversion price per share | $ / shares	$ 5.56	$ 5.56
Additions to loan payable	$ 5,000,000			$ 5,000,000	$ 3,833,768
Allocation to liability portion					2,878,065
Allocation of conversion feature					$ 955,703
Deferred tax liabilities											$ 258,040
Effective interest rate on liability				20.00%	20.00%
Conversion of loan facility, converted amount		$ 1,000,000		$ 6,000,000
Conversion on loan payable (shares) | shares			179,856	1,079,136	1,079,136
Remaining drew down from original loan facility	$ 1,000,000
Revised conversion price per share | $ / shares	$ 9.90
Addition to loan facility	$ 20,000,000
Minimum advance drawn from additional loan facility	$ 2,500,000
Premium percentage to 30-day Volume Weighted Average Price ("VWAP")	20.00%
Convertible loan facility, converted amount derecognized in liability			$ 518,987		$ 3,084,141
Convertible loan facility, converted amount derecognized in equity reserves			304,764		1,828,588
Convertible loan facility, converted amount derecognized in share capital			823,751		4,912,729
Deferred income tax expense to offset equity reserves			$ 166,583		$ 409,423
Finance charges									$ 187,680	$ 334,410

SHARE CAPITAL (Narrative) (Deta

SHARE CAPITAL (Narrative) (Details)	7 Months Ended		12 Months Ended
	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2020USD ($)Share$ / sharesshares	May 31, 2020USD ($)$ / sharesshares	May 31, 2020USD ($)Shareshares	Jun. 01, 2019shares
Disclosure of classes of share capital [abstract]
Number of shares issued | shares	39,739,047	39,739,047	35,114,048	35,114,048
Number of shares outstanding | shares	39,739,047	39,739,047	35,114,048	35,114,048	33,138,247
Number of shares issued in ATM | shares		282,700
ATM average share price | $ / shares		$ 10.58
ATM gross proceeds		$ 3,000,000
ATM aggregate commissions paid or payable to agents and other share issue costs		100,000
Proceeds from ATM, net of share issue costs		$ 2,864,210
Acquisition of royalty and other interests (shares) | shares		2,195,262		359,695
Conversion on loan payable (shares) | shares		1,258,992
Number of shares issued during period for exercise of share purchase warrants | shares		724,170		959,698
Number of shares issued during period for vesting of RSU and exercise of stock options | shares		163,875		656,408
Percentage of maximum number of shares reserved for issuance under stock option plan		10.00%
Weighted average remaining life of stock options outstanding		3 years 3 days		3 years 2 months 15 days
Maximum number of restricted share units reserved for issuance | shares	800,000	800,000
Stock options granted | Share		420,000		600,000
Weighted average exercise price, Granted | $ / shares	$ 12.85		$ 7.66
Fair value at measurement date, share options granted	$ 2,065,032	$ 2,065,032	$ 1,738,607	$ 1,738,607
Weighted average fair value per option granted	$ 4.92	4.92	$ 2.90	2.90
Share-based payments expense		1,066,094		1,068,013
Share-based payments expense vesting terms of RSUs granted		566,038		496,739
Share-based payments expense of offsetting credit share capital		225,426		290,135
Share-based payments expense of offsetting credit reserves		$ 340,612		$ 206,604

RELATED PARTY TRANSACTIONS AN_3

RELATED PARTY TRANSACTIONS AND BALANCES (Narrative) (Details) - USD ($)	7 Months Ended	12 Months Ended
	Dec. 31, 2020	May 31, 2020
Disclosure of transactions between related parties [line items]
Management services	$ 865,052	$ 880,556
Due to directors and management for remuneration and expense reimbursements	451,105	452,658
Amounts due from directors and management related to the payment of withholding amounts	36,605
CFO [Member]
Disclosure of transactions between related parties [line items]
Management services	77,698	133,415
Nova Royalty Corp [Member]
Disclosure of transactions between related parties [line items]
Due to directors and management for remuneration and expense reimbursements	$ 2,274

SUPPLEMENTAL DISCLOSURE WITH _2

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS (Narrative) (Details)	1 Months Ended				7 Months Ended	12 Months Ended
	Dec. 31, 2020USD ($)Share	Sep. 30, 2020shares	Jun. 30, 2020shares	Feb. 29, 2020	Dec. 31, 2020USD ($)Shareshares	May 31, 2020USD ($)Shareshares	May 22, 2020Share
Supplemental Disclosure Of Cash Flow [Line Items]
Conversion on loan payable (shares) | shares					1,258,992
Conversion on loan payable					$ 5,736,480
Committed shares not issued					$ 4,111,181
Number of common shares issued for vesting of RSU | shares					75,000	90,805
Value of common shares issued for vesting of RSU					$ 225,426	$ 290,135
Reallocation from reserves for stock options exercised					96,254	696,214
Reallocation from reserves for share purchase warrants exercised					$ 223,846	$ 503,121
Number of share purchase warrants exercised | shares					724,170	959,698
Number of share options exercised in share-based payment arrangement | Share					88,875	565,603
Wharf Acquisition [Member]
Supplemental Disclosure Of Cash Flow [Line Items]
Number of common shares issued for acquisitions of royalty interests | shares			899,201		899,201
Aggregate value of acquisitions of royalty interests					$ 4,964,152
Fosterville Acquisition [Member]
Supplemental Disclosure Of Cash Flow [Line Items]
Number of common shares issued for acquisitions of royalty interests | shares		467,730			467,730
Aggregate value of acquisitions of royalty interests					$ 3,786,452
Higginsville PPR [Member]
Supplemental Disclosure Of Cash Flow [Line Items]
Number of common shares issued for acquisitions of royalty interests | shares					828,331
Aggregate value of acquisitions of royalty interests					$ 6,937,974
Genesis and GSI acquisitions [Member]
Supplemental Disclosure Of Cash Flow [Line Items]
Number of common shares issued for acquisitions | Share	401,875				401,875
Committed shares not issued	$ 4,111,181				$ 4,111,181
Idaho Resources Corp. Acquisition [Member]
Supplemental Disclosure Of Cash Flow [Line Items]
Number of common shares issued for acquisitions | Share						357,121	357,121
Common shares issued for acquisitions						$ 2,108,443
Alamos Acquisitions [Member]
Supplemental Disclosure Of Cash Flow [Line Items]
Number of common shares issued for acquisitions of royalty interests | shares						2,574
Aggregate value of acquisitions of royalty interests						$ 8,529
NuevaUnión acquisition [Member]
Supplemental Disclosure Of Cash Flow [Line Items]
Trade and other payables recognised as of acquisition date						250,000
Percentage of NSR royalty interest				2.00%
Tower Mountain project [Member]
Supplemental Disclosure Of Cash Flow [Line Items]
Proceeds from sale of project						$ 115,013
Percentage of NSR royalty interest						2.00%

FINANCIAL INSTRUMENTS (Narrativ

FINANCIAL INSTRUMENTS (Narrative) (Details) - Currency risk	Dec. 31, 2020USD ($)
Disclosure of detailed information about financial instruments [line items]
Sensitivity analysis, variance, percentage	1.00%
Value at risk	$ 22,990

EVENTS AFTER REPORTING DATE (Na

EVENTS AFTER REPORTING DATE (Narrative) (Details) $ / shares in Units, $ in Millions	1 Months Ended	7 Months Ended		12 Months Ended
	Mar. 31, 2021CAD ($)$ / sharesshares	Dec. 31, 2020CAD ($)shares	Dec. 31, 2020USD ($)shares	May 31, 2020USD ($)	Jun. 01, 2019USD ($)
Disclosure of non-adjusting events after reporting period [line items]
Purchase price of acquisition			$ 4,416,619	$ 3,683,997
Amount of loan outstanding			$ 3,062,706	$ 3,523,570	$ 2,146,124
Number of shares issued in ATM | shares		282,700	282,700
Events after the reporting date [Member]
Disclosure of non-adjusting events after reporting period [line items]
Number of shares issued in ATM | shares		1,018,893	1,018,893
Gross proceeds from issuing shares in ATM			$ 9,900,000
Total shares distributed in ATM program | shares			1,301,593
Total gross proceeds from ATM program			$ 12,900,000
Events after the reporting date [Member] | Amalgamated Kirkland Acquisition [Member]
Disclosure of non-adjusting events after reporting period [line items]
Purchase price of acquisition		$ 0.7
Events after the reporting date [Member] | Amalgamated Kirkland Acquisition [Member] | Agnico Eagle Mines Ltd.'s Amalgamated Kirkland property [Member]
Disclosure of non-adjusting events after reporting period [line items]
Percentage of NSR royalty interest		0.45%	0.45%
Events after the reporting date [Member] | Amalgamated Kirkland Acquisition [Member] | Kirkland Lake Gold's North Amalgamated Kirkland property [Member]
Disclosure of non-adjusting events after reporting period [line items]
Percentage of NSR royalty interest		0.45%	0.45%
Events after the reporting date [Member] | Del Carmen Acquisition [Member]
Disclosure of non-adjusting events after reporting period [line items]
Percentage of NSR royalty interest		0.50%	0.50%
Purchase price of acquisition		$ 1.6
Events after the reporting date [Member] | Tocantinzinho Acquisition [Member]
Disclosure of non-adjusting events after reporting period [line items]
Percentage of GVR royalty interest		0.75%	0.75%
Purchase price of acquisition			$ 9,000,000
Events after the reporting date [Member] | Tocantinzinho Acquisition [Member] | Paid on closing [Member]
Disclosure of non-adjusting events after reporting period [line items]
Purchase price of acquisition			6,000,000
Events after the reporting date [Member] | Tocantinzinho Acquisition [Member] | Payable 60 days after closing [Member]
Disclosure of non-adjusting events after reporting period [line items]
Purchase price of acquisition			3,000,000
Events after the reporting date [Member] | Centrogold Acquisition [Member]
Disclosure of non-adjusting events after reporting period [line items]
Purchase price of acquisition			7,000,000
Cash and common shares paid			$ 11,000,000
Events after the reporting date [Member] | Centrogold Acquisition [Member] | Minimum [Member]
Disclosure of non-adjusting events after reporting period [line items]
Percentage of NSR royalty interest		1.00%	1.00%
Events after the reporting date [Member] | Centrogold Acquisition [Member] | Maximum [Member]
Disclosure of non-adjusting events after reporting period [line items]
Percentage of NSR royalty interest		2.00%	2.00%
Events after the reporting date [Member] | Amended Loan Facility [Member] | Beedie Capital [Member]
Disclosure of non-adjusting events after reporting period [line items]
Amount of loan outstanding converted	$ 5
Conversion price per share | $ / shares	$ 9.90
Common shares issued upon conversion of loan | shares	505,050
Additional amount drew down	$ 5
Conversion price of debt | $ / shares	$ 14.30
Amount of loan outstanding	$ 5
Undrawn convertible loan facilities	$ 15

ACCOUNTS RECEIVABLE - Disclosur

ACCOUNTS RECEIVABLE - Disclosure of detailed information about accounts receivables (Details) - USD ($)	Dec. 31, 2020	May 31, 2020	Jun. 01, 2019
Trade and other receivables [abstract]
Royalty, derivative royalty, and stream receivables	$ 1,547,895	$ 0
GST and other recoverable taxes	229,075	138,739
Other receivables	36,605	39,180
Total accounts receivable	$ 1,813,575	$ 177,919	$ 249,433

ROYALTY, STREAM, AND OTHER IN_4

ROYALTY, STREAM, AND OTHER INTERESTS - Disclosure of detailed information about royalty interests and deferred acquisition costs (Details) - USD ($)	7 Months Ended	12 Months Ended
	Dec. 31, 2020	May 31, 2020
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Beginning balance	$ 47,976,215	$ 43,137,849
Functional currency change adjustments	(439,345)	(387,246)
Other additions		89,461
Depletion	(869,360)	(698,840)
Recoveries		(115,013)
Reclassification (Joaquin and COSE)		0
Ending Balance	63,732,457	47,976,215
Historical costs	69,982,286
Accumulated depletion	(6,249,829)
Wharf acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	5,899,822
Fosterville acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	5,224,664
La Fortuna acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	645,032
Genesis and GSI acquisitions [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	5,295,429
Alamos royalty portfolio acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		66,203
Fifteen Mile Stream (FMS) acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		406,431
NuevaUnión acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		1,059,449
Idaho Resources Corp. acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		4,417,921
Producing assets [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Beginning balance	8,209,510	2,773,923
Functional currency change adjustments	(28,457)	(306,258)
Other additions		0
Depletion	(829,263)	(698,840)
Recoveries		0
Reclassification (Joaquin and COSE)		6,440,685
Ending Balance	13,251,612	8,209,510
Historical costs	19,461,344
Accumulated depletion	(6,209,732)
Producing assets [Member] | Wharf acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	5,899,822
Producing assets [Member] | Fosterville acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	0
Producing assets [Member] | La Fortuna acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	0
Producing assets [Member] | Genesis and GSI acquisitions [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	0
Producing assets [Member] | Alamos royalty portfolio acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		0
Producing assets [Member] | Fifteen Mile Stream (FMS) acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		0
Producing assets [Member] | NuevaUnión acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		0
Producing assets [Member] | Idaho Resources Corp. acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		0
Development assets [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Beginning balance	34,362,804	39,217,875
Functional currency change adjustments	(179,517)	0
Other additions		68,013
Depletion	(30,000)	0
Recoveries		0
Reclassification (Joaquin and COSE)		(6,440,685)
Ending Balance	45,218,412	34,362,804
Historical costs	45,248,412
Accumulated depletion	(30,000)
Development assets [Member] | Wharf acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	0
Development assets [Member] | Fosterville acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	5,224,664
Development assets [Member] | La Fortuna acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	645,032
Development assets [Member] | Genesis and GSI acquisitions [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	5,195,429
Development assets [Member] | Alamos royalty portfolio acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		51,721
Development assets [Member] | Fifteen Mile Stream (FMS) acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		406,431
Development assets [Member] | NuevaUnión acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		1,059,449
Development assets [Member] | Idaho Resources Corp. acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		0
Exploration assets [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Beginning balance	5,403,901	1,146,051
Functional currency change adjustments	(231,371)	(80,988)
Other additions		21,448
Depletion	(10,097)	0
Recoveries		(115,013)
Reclassification (Joaquin and COSE)		0
Ending Balance	5,262,433	5,403,901
Historical costs	5,272,530
Accumulated depletion	(10,097)
Exploration assets [Member] | Wharf acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	0
Exploration assets [Member] | Fosterville acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	0
Exploration assets [Member] | La Fortuna acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	0
Exploration assets [Member] | Genesis and GSI acquisitions [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	$ 100,000
Exploration assets [Member] | Alamos royalty portfolio acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		14,482
Exploration assets [Member] | Fifteen Mile Stream (FMS) acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		0
Exploration assets [Member] | NuevaUnión acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		0
Exploration assets [Member] | Idaho Resources Corp. acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		$ 4,417,921

ROYALTY, STREAM, AND OTHER IN_5

ROYALTY, STREAM, AND OTHER INTERESTS - Disclosure of detailed information about purchase price allocation for acquisition (Details) - USD ($)	1 Months Ended		7 Months Ended
	Dec. 31, 2020	May 31, 2020	Dec. 31, 2020	May 22, 2020
Considerations paid:
Common shares committed			$ 4,111,181
Genesis and GSI acquisitions [Member]
Considerations paid:
Cash paid	$ 1,000,000		1,000,000
Common shares committed	4,111,181		4,111,181
Acquisition costs	184,248
Considerations paid	5,295,429
Net asset acquired
NSR interests	5,295,429		5,295,429
Net asset acquired	$ 5,295,429		$ 5,295,429
Idaho Resources Corp. acquisition [Member]
Considerations paid:
Cash paid		$ 2,147,523		$ 2,000,000
Common shares issued		2,108,443
Acquisition costs		180,973
Considerations paid		4,436,939
Net asset acquired
Cash		616
Marketable securities		18,402
NSR interests		4,417,921
Net asset acquired		$ 4,436,939

DERIVATIVE ROYALTY ASSET - Disc

DERIVATIVE ROYALTY ASSET - Disclosure of detailed information about changes in the derivative royalty asset (Details)	7 Months Ended
	Dec. 31, 2020USD ($)
Derivative Royalty Asset [Abstract]
Derivative royalty asset, beginning balance	$ 0
Additions	7,203,474
Payments received or due under derivative royalty asset	(1,040,100)
Mark-to-market gain on derivative royalty asset	269,236
Derivative royalty asset, ending balance	6,432,610
Current portion	2,416,461
Long - term portion	$ 4,016,149

INVESTMENT IN SILVERBACK - Disc

INVESTMENT IN SILVERBACK - Disclosure of detailed information about transactions recognised separately from acquisition of assets and assumption of liabilities in business combination (Details) - USD ($)	7 Months Ended	12 Months Ended
	Dec. 31, 2020	May 31, 2020
Disclosure of associates [line items]
Opening balance	$ 1,516,672	$ 1,680,288
Income in Silverback for the period	152,179	75,069
Ending balance	1,668,851	1,516,672
Silverback Ltd. ("Silverback") [Member]
Disclosure of associates [line items]
Opening balance	1,516,672	1,680,288
Income in Silverback for the period	152,179	75,069
Distribution	0	(238,685)
Ending balance	$ 1,668,851	$ 1,516,672

INVESTMENT IN SILVERBACK - Di_2

INVESTMENT IN SILVERBACK - Disclosure of detailed information about subsidiary (Details) - USD ($)	7 Months Ended	12 Months Ended
	Dec. 31, 2020	May 31, 2020	Jun. 01, 2019
Disclosure of associates [line items]
Current assets	$ 10,313,788	$ 4,011,696	$ 4,042,507
Non-current assets	69,417,457	49,492,887	44,818,137
Total assets	79,731,245	53,504,583	48,860,644
Total liabilities	(5,346,368)	(5,447,839)	$ (3,492,300)
Revenue from stream interest	0	2,699,607
Depletion	(869,360)	(698,840)
Silverback Ltd. ("Silverback") [Member]
Disclosure of associates [line items]
Current assets	1,983,260	363,522
Non-current assets	1,635,599	2,349,324
Total assets	3,618,859	2,712,845
Total liabilities	(183,692)	(155,817)
Revenue from stream interest	1,649,612	1,650,490
Depletion	(588,391)	(1,065,514)
Net income and comprehensive income for the period	$ 1,014,554	$ 500,460

TRADE AND OTHER PAYABLES - Disc

TRADE AND OTHER PAYABLES - Disclosure of detailed information about trade and other payable (Details) - USD ($)	Dec. 31, 2020	May 31, 2020	Jun. 01, 2019
Trade and other payables [abstract]
Trade payables and accrued liabilities	$ 1,400,319	$ 1,004,123
Payables on acquisitions	250,000	250,000
Lease liability	0	2,976
Taxes payable	121,985	160,879
Total trade and other current payables	$ 1,772,304	$ 1,417,978	$ 1,234,827

LOANS PAYABLE - Disclosure of d

LOANS PAYABLE - Disclosure of detailed information about loans payable (Details) - USD ($)	7 Months Ended	12 Months Ended
	Dec. 31, 2020	May 31, 2020
Loan Payable [Line Items]
Opening balance	$ 3,523,570	$ 2,146,124
Conversion	(3,603,128)
Additions	3,833,768	5,367,275
Allocation of conversion feature	(955,703)	(2,133,352)
Interest expense	424,104	701,011
Repayments		(2,504,394)
Interest paid	(219,164)	(460,037)
Currency translation adjustments	59,259	(53,094)
Ending balance	3,062,706	3,523,570
Convertible loan facility [Member]
Loan Payable [Line Items]
Opening balance	3,523,570	0
Conversion	(3,603,128)
Additions	3,833,768	5,367,275
Allocation of conversion feature	(955,703)	(2,133,352)
Interest expense	424,104	647,466
Repayments		(357,819)
Interest paid	(219,164)
Currency translation adjustments	59,259	0
Ending balance	3,062,706	3,523,570
Other loans [Member]
Loan Payable [Line Items]
Opening balance	0	2,146,124
Conversion	0
Additions	0	0
Allocation of conversion feature	0	0
Interest expense	0	53,545
Repayments		(2,146,575)
Interest paid	0
Currency translation adjustments	0	(53,094)
Ending balance	$ 0	$ 0

REVENUE - Disclosure of detaile

REVENUE - Disclosure of detailed information about revenue (Details) - USD ($)	7 Months Ended	12 Months Ended
	Dec. 31, 2020	May 31, 2020
Revenue [Line Items]
Royalty revenue	$ 1,217,807	$ 69,217
Stream revenue - Endeavor	0	2,699,607
Other fixed royalty payments	91,845	0
Total revenue	1,309,652	2,768,824
Wharf [Member]
Revenue [Line Items]
Royalty revenue	894,872	0
COSE [Member]
Revenue [Line Items]
Royalty revenue	237,228	47,321
Joaquin [Member]
Revenue [Line Items]
Royalty revenue	$ 85,707	$ 21,896

INCOME TAXES - Disclosure of de

INCOME TAXES - Disclosure of detailed information about income tax expense (Details) - USD ($)	7 Months Ended	12 Months Ended
	Dec. 31, 2020	May 31, 2020
INCOME TAXES [abstract]
Loss before income taxes	$ (4,258,786)	$ (4,702,285)
Canadian federal and provincial income tax rates	27.00%	27.00%
Expected income tax expense (recovery) at statutory income tax rate	$ (1,149,872)	$ (1,269,617)
Difference between Canadian and foreign tax rate	(77,921)	(14,199)
Permanent differences	411,581	502,848
Changes in unrecognized deferred tax assets	410,685	403,257
Other adjustments	892,550	97,953
Total income tax expense (recovery)	487,023	(279,758)
Current income tax expense (recovery)	181,315	(98,695)
Deferred income tax expense (recovery)	$ 305,708	$ (181,063)

INCOME TAXES - Disclosure of _2

INCOME TAXES - Disclosure of detailed information about Current and deferred income tax expense (recovery) is in respect of geographic (Details) - USD ($)	7 Months Ended	12 Months Ended
	Dec. 31, 2020	May 31, 2020
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Current income tax expense (recovery)	$ 181,315	$ (98,695)
Deferred income tax expense (recovery)	305,708	(181,063)
Total income tax expense (recovery)	487,023	(279,758)
Canada [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Current income tax expense (recovery)	0	0
Deferred income tax expense (recovery)	300,576	(576,004)
Total income tax expense (recovery)	300,576	(576,004)
Australia [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Current income tax expense (recovery)	85,018	(98,695)
Deferred income tax expense (recovery)	1,065	394,941
Total income tax expense (recovery)	86,083	296,246
United States of America [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Current income tax expense (recovery)	96,297	0
Deferred income tax expense (recovery)	4,067	0
Total income tax expense (recovery)	$ 100,364	$ 0

INCOME TAXES - Disclosure of _3

INCOME TAXES - Disclosure of detailed information about deferred income tax asset (liability) (Details) - USD ($)	Dec. 31, 2020	May 31, 2020	Jun. 01, 2019
Deferred tax assets:
Deferred tax assets	$ 5,304,421	$ 5,219,794
Unrecognized deferred tax assets	(5,066,922)	(4,818,605)
Deferred tax liabilities	(748,857)	(907,480)
Net deferred income tax liability	(511,358)	(506,291)	$ (111,349)
Mineral expenditures and capital assets [Member]
Deferred tax assets:
Deferred tax assets	1,212,470	1,181,258
Share issue costs [Member]
Deferred tax assets:
Deferred tax assets	133,563	130,388
Non-capital losses and others [Member]
Deferred tax assets:
Deferred tax assets	3,958,388	3,908,148
Canada [Member]
Deferred tax assets:
Deferred tax assets	5,300,312	5,219,794
Unrecognized deferred tax assets	(5,066,922)	(4,818,605)
Deferred tax liabilities	(233,390)	(401,189)
Net deferred income tax liability	0	0
Canada [Member] | Mineral expenditures and capital assets [Member]
Deferred tax assets:
Deferred tax assets	1,208,361	1,181,258
Canada [Member] | Share issue costs [Member]
Deferred tax assets:
Deferred tax assets	133,563	130,388
Canada [Member] | Non-capital losses and others [Member]
Deferred tax assets:
Deferred tax assets	3,958,388	3,908,148
Australia [Member]
Deferred tax assets:
Deferred tax assets	0	0
Unrecognized deferred tax assets	0	0
Deferred tax liabilities	(507,291)	(506,291)
Net deferred income tax liability	(507,291)	(506,291)
Australia [Member] | Mineral expenditures and capital assets [Member]
Deferred tax assets:
Deferred tax assets	0	0
Australia [Member] | Share issue costs [Member]
Deferred tax assets:
Deferred tax assets	0	0
Australia [Member] | Non-capital losses and others [Member]
Deferred tax assets:
Deferred tax assets	0	0
United States of America [Member]
Deferred tax assets:
Deferred tax assets	4,109	0
Unrecognized deferred tax assets	0	0
Deferred tax liabilities	(8,176)	0
Net deferred income tax liability	(4,067)	0
United States of America [Member] | Mineral expenditures and capital assets [Member]
Deferred tax assets:
Deferred tax assets	4,109	0
United States of America [Member] | Share issue costs [Member]
Deferred tax assets:
Deferred tax assets	0	0
United States of America [Member] | Non-capital losses and others [Member]
Deferred tax assets:
Deferred tax assets	$ 0	$ 0

INCOME TAXES - Disclosure of _4

INCOME TAXES - Disclosure of detailed information about significant temporary differences, unused tax credits, and unused tax losses (Details) - USD ($)	Dec. 31, 2020	May 31, 2020
Deferred tax assets:
Unrecognized deferred tax assets	$ 5,066,922	$ 4,818,605
Expiry 2026 To 2040 [Member]
Deferred tax assets:
Unrecognized deferred tax assets	12,364,787
No expiry date [Member]
Deferred tax assets:
Unrecognized deferred tax assets	9,170,187
Mineral expenditures and capital assets [Member] | Expiry 2026 To 2040 [Member]
Deferred tax assets:
Unrecognized deferred tax assets	0
Mineral expenditures and capital assets [Member] | No expiry date [Member]
Deferred tax assets:
Unrecognized deferred tax assets	4,475,412
Share issue costs [Member] | Expiry 2026 To 2040 [Member]
Deferred tax assets:
Unrecognized deferred tax assets	494,677
Share issue costs [Member] | No expiry date [Member]
Deferred tax assets:
Unrecognized deferred tax assets	0
Non-capital losses and others [Member] | Expiry 2026 To 2040 [Member]
Deferred tax assets:
Unrecognized deferred tax assets	11,870,110
Non-capital losses and others [Member] | No expiry date [Member]
Deferred tax assets:
Unrecognized deferred tax assets	$ 4,694,775

SHARE CAPITAL - Disclosure of d

SHARE CAPITAL - Disclosure of detailed information about number and weighted average exercise prices of stock options (Details)	7 Months Ended	12 Months Ended
	Dec. 31, 2020Share$ / shares	May 31, 2020Share$ / shares
Disclosure of classes of share capital [abstract]
Balance | Share	2,203,145	2,171,873
Granted | Share	420,000	600,000
Exercised | Share	(88,875)	(565,603)
Cancelled/Expired | Share		(3,125)
Balance | Share	2,534,270	2,203,145
Weighted average exercise price, Balance | $ / shares	$ 3.91	$ 2.30
Weighted average exercise price, Granted | $ / shares	12.85	7.66
Weighted average exercise price, Exercised | $ / shares	2.44	1.71
Weighted average exercise price, Cancelled/Expired | $ / shares		2.32
Weighted average exercise price, Balance | $ / shares	$ 5.44	$ 3.91

SHARE CAPITAL - Disclosure of_2

SHARE CAPITAL - Disclosure of detailed information about range of exercise prices of outstanding share options (Details)	Dec. 31, 2020Share$ / shares	May 31, 2020Share	Jun. 01, 2019Share
Disclosure of range of exercise prices of outstanding share options [line items]
Outstanding	2,534,270	2,203,145	2,171,873
Exercisable	1,570,522
July 15, 2021 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price of outstanding share options | $ / shares	$ 0.84
Outstanding	41,666
Exercisable	41,666
November 30, 2021 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price of outstanding share options | $ / shares	$ 1.32
Outstanding	116,666
Exercisable	116,666
March 6, 2022 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price of outstanding share options | $ / shares	$ 2.32
Outstanding	93,750
Exercisable	93,750
July 31, 2022 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price of outstanding share options | $ / shares	$ 2.16
Outstanding	401,000
Exercisable	401,000
March 1, 2023 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price of outstanding share options | $ / shares	$ 2.56
Outstanding	231,500
Exercisable	231,500
September 17, 2023 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price of outstanding share options | $ / shares	$ 2.92
Outstanding	320,313
Exercisable	320,313
January 4, 2024 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price of outstanding share options | $ / shares	$ 3.24
Outstanding	309,375
Exercisable	215,627
January 15, 2025 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price of outstanding share options | $ / shares	$ 7.66
Outstanding	600,000
Exercisable	150,000
November 6, 2025 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price of outstanding share options | $ / shares	$ 12.85
Outstanding	420,000
Exercisable	0

SHARE CAPITAL - Disclosure of_3

SHARE CAPITAL - Disclosure of detailed information about warrants activity (Details)	7 Months Ended	12 Months Ended
	Dec. 31, 2020Share$ / shares	May 31, 2020Share$ / shares
Disclosure of classes of share capital [abstract]
Balance | Share	731,195	1,690,893
Exercised | Share	(724,170)	(959,698)
Expired | Share	(7,025)
Balance | Share	0	731,195
Weighted average exercise price of warrants outstanding | $ / shares	$ 4.39	$ 3.95
Weighted average exercise price of warrants, Exercised | $ / shares	4.39	3.62
Weighted average exercise price of warrants, Expired | $ / shares	4.68
Weighted average exercise price of warrants outstanding | $ / shares	$ 0	$ 4.39

SHARE CAPITAL - Disclosure of_4

SHARE CAPITAL - Disclosure of detailed information about number and weighted average exercise prices of Restricted share units (Details) - Share	7 Months Ended	12 Months Ended
	Dec. 31, 2020	May 31, 2020
Disclosure of classes of share capital [abstract]
Balance	81,000	0
Granted	205,000	171,805
Exercised or Vested	(75,000)	(90,805)
Balance	211,000	81,000

SHARE CAPITAL - Disclosure of_5

SHARE CAPITAL - Disclosure of detailed information about pricing model with weighted average assumptions for share option granted (Details) - USD ($)	7 Months Ended	12 Months Ended
	Dec. 31, 2020	May 31, 2020
Disclosure of classes of share capital [abstract]
Risk free interest rate	0.40%	1.54%
Expected dividend yield	0.00%	0.63%
Expected stock price volatility	58.00%	60.00%
Expected life in years	5	5
Forfeiture rate	0.00%	0.00%

RELATED PARTY TRANSACTIONS AN_4

RELATED PARTY TRANSACTIONS AND BALANCES - Disclosure of detailed information about transactions between related parties (Details) - USD ($)	7 Months Ended	12 Months Ended
	Dec. 31, 2020	May 31, 2020
Disclosure of transactions between related parties [Abstract]
Salaries and fees	$ 865,052	$ 880,556
Share-based payments	1,175,647	1,297,981
Total	$ 2,040,699	$ 2,178,537

FINANCIAL INSTRUMENTS - Disclos

FINANCIAL INSTRUMENTS - Disclosure of detailed information about classification of financial instruments (Details) - USD ($)	Dec. 31, 2020	May 31, 2020	Jun. 01, 2019
Financial assets
Cash	$ 5,299,904	$ 3,600,409	$ 3,529,414
Royalty, derivative royalty, and stream receivables	1,547,895	0
Other receivables	265,680	39,180
Fair value through profit or loss:
Derivative royalty asset	6,432,610	0
Marketable securities	43,984	27,603
Total financial assets	13,590,073	3,667,192
Financial liabilities
Trade and other payables	1,772,304	1,254,123
Loans payable	3,062,706	3,523,570	$ 2,146,124
Total financial liabilities	$ 4,835,010	$ 4,777,693

COMMITMENTS - Disclosure of det

COMMITMENTS - Disclosure of detailed information about contractual obligations (Detail)	Dec. 31, 2020USD ($)
Commitments [Line Items]
Total contractual commitments	$ 6,966,209
Less than 1 year [Member]
Commitments [Line Items]
Total contractual commitments	2,322,101
1 to 3 years [Member]
Commitments [Line Items]
Total contractual commitments	4,644,108
Over 4 years [Member]
Commitments [Line Items]
Total contractual commitments	0
Trade and other payables [Member]
Commitments [Line Items]
Total contractual commitments	1,522,304
Trade and other payables [Member] | Less than 1 year [Member]
Commitments [Line Items]
Total contractual commitments	1,522,304
Trade and other payables [Member] | 1 to 3 years [Member]
Commitments [Line Items]
Total contractual commitments	0
Trade and other payables [Member] | Over 4 years [Member]
Commitments [Line Items]
Total contractual commitments	0
Loans payable principal and interest payments [Member]
Commitments [Line Items]
Total contractual commitments	5,193,905
Loans payable principal and interest payments [Member] | Less than 1 year [Member]
Commitments [Line Items]
Total contractual commitments	549,797
Loans payable principal and interest payments [Member] | 1 to 3 years [Member]
Commitments [Line Items]
Total contractual commitments	4,644,108
Loans payable principal and interest payments [Member] | Over 4 years [Member]
Commitments [Line Items]
Total contractual commitments	0
Payments related to acquisition of royalties and streams [Member]
Commitments [Line Items]
Total contractual commitments	250,000
Payments related to acquisition of royalties and streams [Member] | Less than 1 year [Member]
Commitments [Line Items]
Total contractual commitments	250,000
Payments related to acquisition of royalties and streams [Member] | 1 to 3 years [Member]
Commitments [Line Items]
Total contractual commitments	0
Payments related to acquisition of royalties and streams [Member] | Over 4 years [Member]
Commitments [Line Items]
Total contractual commitments	$ 0