Gold Royalty (GROY) 20-F 27 Mar 23 2022 Q1 Annual report (foreign) Financial data

Cover

Cover	3 Months Ended
	Dec. 31, 2022 shares
Entity Addresses [Line Items]
Document Type	20-F
Amendment Flag	false
Document Registration Statement	false
Document Annual Report	false
Document Transition Report	true
Document Shell Company Report	false
Document Period Start Date	Oct. 01, 2022
Document Period End Date	Dec. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	001-40099
Entity Registrant Name	Gold Royalty Corp.
Entity Central Index Key	0001834026
Entity Incorporation, State or Country Code	Z4
Entity Address, Address Line One	1030 West Georgia Street
Entity Address, Address Line Two	Suite 1830
Entity Address, City or Town	Vancouver
Entity Address, State or Province	BC
Entity Address, Country	CA
Entity Address, Postal Zip Code	V6E 2Y3
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
ICFR Auditor Attestation Flag	false
Document Accounting Standard	International Financial Reporting Standards
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	143,913,069
Auditor Name	PricewaterhouseCoopers LLP
Auditor Firm ID	271
Auditor Location	Vancouver, Canada
Common Shares Without Par Value [Member]
Entity Addresses [Line Items]
Title of 12(b) Security	Common Shares, without par value
Trading Symbol	GROY
Security Exchange Name	NYSE
Warrants To Purchase Common Shares [Member]
Entity Addresses [Line Items]
Title of 12(b) Security	Warrants to purchase Common Shares
Trading Symbol	GROY.WS
Security Exchange Name	NYSE
Business Contact [Member]
Entity Addresses [Line Items]
Entity Address, Address Line One	1030 West Georgia Street
Entity Address, Address Line Two	Suite 1830
Entity Address, City or Town	Vancouver
Entity Address, State or Province	BC
Entity Address, Postal Zip Code	V6E 2Y3
City Area Code	604
Local Phone Number	396-3066
Contact Personnel Name	Andrew Gubbels

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($) $ in Thousands	Dec. 31, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Current assets
Cash and cash equivalents	$ 5,847	$ 7,048	$ 9,905	$ 38
Short-term investments	3,840	7,199	1,118
Accounts receivable	648	1,033	412
Prepaids and other receivables	1,201	1,677	1,866
Total current assets	11,536	16,957	13,301
Non-current assets
Royalty and other mineral interests	667,504	668,288	264,545
Long-term investment	1,587	1,587	1,587
Investment in associate	1,459	1,429
Other long-term assets	324	353	66
Total non-current assets	670,874	671,657	266,198
Total assets	682,410	688,614	279,499
Current Liabilities
Accounts payable and accrued liabilities	3,691	6,683	6,921
Government loan	44
Derivative liabilities	242	528
Total current liabilities	3,977	7,211	6,921
Non-current liabilities
Non-current portion of lease obligation	246	256	11
Government loan		43
Derivative liabilities			4,549
Bank loan	9,448	9,362
Deferred income tax liability	135,088	135,523	42,700
Total non-current liabilities	144,782	145,184	47,260
Total liabilities	148,759	152,395	54,181
Equity
Share Capital	551,074	551,074	228,620
Reserves	22,420	21,374	11,404
Accumulated deficit	(40,168)	(36,525)	(15,147)
Accumulated other comprehensive income	325	296	441
Total equity	533,651	536,219	225,318	$ (141)
Total equity and liabilities	$ 682,410	$ 688,614	$ 279,499

Consolidated Statements of Loss

Consolidated Statements of Loss and Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Sep. 30, 2021
Revenue
Royalty and option income	$ 582	$ 3,944	$ 192
Cost of sales
Depletion	(216)	(1,756)	(164)
Gross profit	366	2,188	28
Expenses
Consulting fees	(158)	(4,125)	(2,677)
Depreciation	(29)	(72)	5
Management and directors' fees	(377)	(1,895)	(1,172)
Salaries, wages and benefits	(361)	(1,103)	(132)
Investor communications and marketing expenses	(571)	(1,410)	(1,141)
Office and technology expenses	(225)	(811)	(181)
Transfer agent and regulatory fees	(93)	(536)	(190)
Insurance fees	(438)	(2,049)	(1,293)
Professional fees	(678)	(4,249)	(2,481)
Share-based compensation	(1,078)	(3,146)	(3,324)
Mineral interest maintenance expenses	(39)	(229)	(13)
Share of loss in associate	1	(296)
Dilution gain in associate		100
Impairment of royalty		(3,821)
Operating loss for the period/year	(3,680)	(21,454)	(12,581)
Other items
Change in fair value on derivative liability	278	4,588	(1,511)
Change in fair value on short-term investments	1,060	(569)	(168)
Foreign exchange gain	1	54	(813)
Interest expense	(285)	(633)
Gain on loan modification		316
Other income / (expense)	(13)	337	67
Net loss before income taxes for the period/year	(2,639)	(17,361)	(15,006)
Current tax expense		(114)
Deferred tax recovery	435	129
Net loss after income taxes for the period/year	(2,204)	(17,346)	(15,006)
Item that may be reclassified subsequently to net income:
Foreign currency translation differences	29	(145)	441
Total comprehensive loss for the period/year	$ (2,175)	$ (17,491)	$ (14,565)
Net loss per share, basic and diluted	$ (0.02)	$ (0.14)	$ (0.45)
Weighted average number of common shares outstanding, basic and diluted	143,913,069	128,232,364	33,555,265

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Ely Gold Royalties Inc [member]	Abitibi Royalties Inc. [Member]	Golden Valley Mines and Royalties Ltd. [Member]	Issued capital [member]	Issued capital [member] Ely Gold Royalties Inc [member]	Issued capital [member] Abitibi Royalties Inc. [Member]	Issued capital [member] Golden Valley Mines and Royalties Ltd. [Member]	Other reserves [member]	Retained earnings [member]	Accumulated other comprehensive income [member]
Balance at Sep. 30, 2020	$ (141)								$ 0	$ (141)
Balance, shares at Sep. 30, 2020					1
IfrsStatementLineItems [Line Items]
Cancellation of common share issued upon incorporation					(1)
Common shares issued to former parent company for cash	50				$ 50
Common shares issued to former parent company for cash, shares					5,000,000
Performance based restricted shares issued, shares					1,500,000
Common shares issued to acquire royalties	13,076				$ 13,076
Common shares issued to acquire royalties, shares					15,000,000
Private placement of common shares for cash	2,849				$ 2,849
Private placement of common shares for cash, shares					1,325,000
Share-based compensation - performance based restricted shares	409				$ 409
Share-based compensation - share options	2,199								2,199
Common shares and common share purchase warrants issued for cash	90,000				$ 82,969				7,031
Initial public offering: Common shares and common share purchase warrants issued for cash, shares					18,000,000
Common shares issued on exercise of over-allotment option	3,603				$ 3,603
Initial public offering: Common shares issued on exercise of over-allotment option, shares					721,347
Common share purchase warrants issued on exercise of over-allotment option	14								14
Underwriters’ fees and issuance costs	(5,570)				$ (5,154)				(416)
Common shares issued for marketing services	345				$ 345
Common shares issued for marketing services, shares					75,000
Common shares issued to acquire		$ 130,407				$ 130,407
Common shares issued to acquire, shares						30,902,176
Common share purchase warrants of Ely Gold Royalties Inc.	2,603								2,603
Common shares issued upon exercise of common share purchase warrants	39				$ 66				(27)
Common shares issued upon exercise of common share purchase warrants, shares					15,086
Net loss for the period/year	(15,006)									(15,006)
Total other comprehensive income	441										$ 441
Balance at Sep. 30, 2021	225,318				$ 228,620				11,404	(15,147)	441
Balance, shares at Sep. 30, 2021					72,538,609
Balance at Sep. 30, 2021	225,318				$ 228,620				11,404	(15,147)	441
Balance, shares at Sep. 30, 2021					72,538,609
IfrsStatementLineItems [Line Items]
Common shares issued to acquire royalties	22,544				$ 22,544
Common shares issued to acquire royalties, shares					9,651,130
Share-based compensation - performance based restricted shares	276				$ 276
Share-based compensation - share options	1,551								1,551
Share-based compensation - restricted share units	341								341
Share options issued on exchange of options of Golden Valley Mines and Royalties Ltd.	8,991								8,991
Common shares issued for marketing services	899				$ 899
Common shares issued for marketing services, shares					216,192
Common shares issued to acquire			$ 153,702	$ 143,264			$ 153,702	$ 143,264
Common shares issued to acquire, shares							31,625,931	29,478,269
Common shares issued upon exercise of common share purchase warrants	856				$ 1,769				(913)
Common shares issued upon exercise of common share purchase warrants, shares					402,938
Net loss for the period/year	(17,346)									(17,346)
Dividends	(4,032)									(4,032)
Total other comprehensive income	(145)										(145)
Balance at Sep. 30, 2022	536,219				$ 551,074				21,374	(36,525)	296
Balance, shares at Sep. 30, 2022					143,913,069
IfrsStatementLineItems [Line Items]
Share-based compensation - share options	845								845
Share-based compensation - restricted share units	201								201
Net loss for the period/year	(2,204)									(2,204)
Dividends	(1,439)									(1,439)
Total other comprehensive income	29										29
Balance at Dec. 31, 2022	$ 533,651				$ 551,074				$ 22,420	$ (40,168)	$ 325
Balance, shares at Dec. 31, 2022					143,913,069

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Sep. 30, 2021
Operating activities
Net loss for the period/year	$ (2,204)	$ (17,346)	$ (15,006)
Items not involving cash:
Depreciation	29	72	5
Depletion	216	1,756	164
Interest expense	285	633
Other (income)/expense	13	(545)	(64)
Share-based compensation	1,078	3,146	2,995
Change in fair value of short-term investments	(1,060)	569	168
Change in fair value of derivative liabilities	(278)	(4,588)	1,511
Gain on loan modification		(316)
Impairment of royalty		3,821
Share of loss in associate	(1)	296
Dilution gain in associate		(100)
Deferred tax recovery	(435)	(129)
Unrealized foreign exchange gain	42	(415)	(28)
Net changes in non-cash working capital items:
Accounts receivables	389	(655)	(150)
Prepaids and other receivables	439	2,889	(1,485)
Accounts payable and accrued liabilities	(3,043)	(8,350)	23
Due to former parent company			(83)
Cash used in operating activities	(4,530)	(19,262)	(11,950)
Investing activities
Restricted cash released		1,815
Interest received			64
Dividend received	28
Investment in royalties and other mineral interests	(12)	(19,682)	9,390
Acquisition of Ely Gold Royalties Inc., net of cash acquired			(58,247)
Investment in marketable securities	(44)	(799)
Long-term investments acquired			(1,587)
Proceeds on disposition of marketable securities	4,531	17,659
Cash acquired through acquisition of Abitibi Royalties Inc. and Golden Valley Mines and Royalties Ltd.		10,393
Investment in associate		(409)
Proceeds from option agreements	481	1,630
Purchase of equipment		(28)	(2)
Proceeds on disposition of other mineral interests	16
Payment of lease obligations			3
Cash provided by investing activities	5,000	10,579	(69,165)
Financing activities
Proceeds from common shares issued to former parent company			50
Proceeds from private placement of common shares			2,849
Proceeds from initial public offering, net of underwriters' fees and issuance costs			88,046
Net proceeds from bank loan		9,403
Interest paid	(197)	(342)
Proceeds from exercise of common share purchase warrants		856	39
Payment of lease obligations	(25)	(60)
Dividends	(1,439)	(4,032)
Repurchase of call options	(8)
Changes in balances with former parent company			(38)
Cash provided by / (used in) financing activities	(1,669)	5,825	90,946
Effect of exchange rate changes on cash	(2)	1	36
Net increase (decrease) in cash	(1,201)	(2,857)	9,867
Beginning of period/year	7,048	9,905	38
End of period/year	$ 5,847	$ 7,048	$ 9,905

Corporate Information

Corporate Information	3 Months Ended
	Dec. 31, 2022
Corporate Information
Corporate Information	1. Corporate information Gold Royalty Corp. (”GRC” or the “Company”) is a company incorporated in Canada on June 23, 2020 and domiciled in Canada. GRC is principally engaged in acquiring gold-focused royalty and mineral stream interests. The registered office of the Company is located at 1000 Cathedral Place, 925 West Georgia Street, Vancouver, British Columbia, V6C 3L2, Canada. The principal address of the Company is located at 1030 West Georgia Street, Suite 1830, Vancouver, British Columbia, V6E 2Y3, Canada. The Company was a subsidiary of GoldMining Inc. (“GoldMining”) until the Company completed its initial public offering (the "IPO") on March 11, 2021. The Company's common shares (the “GRC Shares”) and common share purchase warrants are listed on the NYSE American under the symbols "GROY" and "GROY.WS", respectively. On August 23, 2021, the Company acquired all the issued and outstanding common shares of Ely Gold Royalties Inc. ("Ely") which has been consolidated from the date of acquisition. On November 4, 2021, the Company acquired all the issued and outstanding shares of Golden Valley Mines and Royalties Ltd. ("Golden Valley") and Abitibi Royalties Inc ("Abitibi") which have both been consolidated from the date of acquisition. The Company elected to change its fiscal year-end from September 30 to December 31, beginning with the three months ended December 31, 2022 (Note 16).

Basis of Preparation and Signif

Basis of Preparation and Significant Accounting Policies	3 Months Ended
	Dec. 31, 2022
Disclosure of voluntary change in accounting policy [abstract]
Basis of Preparation and Significant Accounting Policies	2. Basis of preparation and Significant accounting policies 2.1 Statement of compliance The Company's consolidated financial statements have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board ("IFRS"). These consolidated financial statements were authorized for issue by the Company's board of directors on March 27, 2023. 2.2 Basis of presentation The Company's consolidated financial statements have been prepared on a historical cost basis except for financial instruments that have been measured at fair value. The Company's consolidated financial statements are presented in United States dollars ("U.S. dollar", "$" or "dollar"). All values are rounded to the nearest thousand except where otherwise indicated. 2.3 Basis of consolidation The consolidated financial statements include the financial statements of Gold Royalty Corp. and its wholly-owned subsidiaries, being Gold Royalty U.S. Corp., Ely Gold Royalties Inc., 1320505 B.C. Ltd., Nevada Select Royalty, Inc., Ren Royalties LLC, VEK Associates, DHI Minerals (U.S.) Ltd, Golden Valley Mines and Royalties Ltd., Abitibi Royalties Inc., Calone Mining Ltd. and Abitibi Royalties (USA) Inc. Subsidiaries are consolidated from the date the Company obtained control, and continue to be consolidated until the date that its control ceases. Control is achieved when the Company is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsequent to December 31, 2022, Golden Valley Mines and Royalties Ltd. continued into British Columbia from the jurisdiction of Canada and amalgamated with Abitibi Royalties Inc. as one company under the name Golden Valley Abitibi Royalties Ltd. All inter-company transactions, balances, income and expenses are eliminated through the consolidation process. The accounts of all subsidiaries are prepared for the same reporting period as the parent company, using consistent accounting policies. The functional currency of the Company and all its subsidiaries is the United States dollar. Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 2. Basis of preparation and Significant accounting policies (continued) 2.4 Significant accounting policies Royalties Royalties consist of acquired royalty interests in producing, development and exploration and evaluation stage properties. Royalties are recorded at cost and capitalized as tangible assets on a property-by-property basis. They are subsequently measured at cost less accumulated depletion and accumulated impairment losses, if any. The Company assesses the carrying costs for impairment when indicators of impairment exist. Project due diligence costs that are not related to a specific agreement are expensed in the period incurred. Producing royalty interests are recorded at cost in accordance with IAS 16, Property, Plant and Equipment and depleted using the units-of production method over the life of the property to which the royalty relates, which is estimated using available information of proven and probable mineral reserves specifically associated with the properties and may include a portion of resources expected to be classified as mineral reserves at the mine corresponding to the specific interest. On acquisition of a royalty, an allocation of its cost or fair value may be attributed to the exploration potential of the interest. The value of the exploration potential is accounted for in accordance with IFRS 6, Exploration and Evaluation of Mineral Resources and is not depleted until such time as the technical feasibility and commercial viability have been established at which point the value of the asset is accounted for in accordance with IAS 16, Property, Plant and Equipment . Exploration and Evaluation Assets All costs incurred prior to obtaining the legal right to undertake exploration and evaluation activities on a project are expensed in the period incurred. Exploration and evaluation costs arising following the acquisition of an exploration license are capitalized on a project-by-project basis. Costs incurred include appropriate technical and administrative overheads. Exploration assets are carried at historical cost less any impairment losses recognized. Exploration and evaluation activity includes geological and geophysical studies, exploratory drilling and sampling and resource development. Upon demonstration of the technical feasibility and commercial viability of a project and a development decision, any past exploration and evaluation costs related to that project are subject to an impairment test and are reclassified in accordance with IAS 16, Property Plant and Equipment . Management assesses exploration assets for impairment at each reporting period or when facts and circumstances suggest that the carrying value of capitalized exploration costs may not be recoverable. For option payments received pursuant to mineral property option agreements where the Company acts as the optionor in the agreement, option proceeds are recognized as a credit to the amounts previously capitalized as exploration and evaluation assets. Any amounts received in excess of amounts capitalized are recorded as a credit in the consolidated statements of comprehensive loss. Impairment of non-financial assets At the end of each reporting period, the Company reviews the carrying amounts of its royalties and exploration and evaluation assets to determine whether there is an indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash‐generating unit to which the assets belong. Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 2. Basis of preparation and Significant accounting policies (continued) 2.4 Significant accounting policies (continued) Impairment of non-financial assets (continued) Impairment reviews for exploration stage royalties and exploration and evaluation assets are carried out on a property-by-property basis, with each property representing a single cash generating unit. An impairment review is undertaken when indicators of impairment arise, but typically, when one of the following circumstances apply: • The right to explore the area has expired or will expire in the near future with no expectation of renewal; • Substantive expenditure on further exploration for and evaluation of mineral resources in the area is neither planned nor budgeted; • No commercially viable deposits have been discovered, and the decision had been made to discontinue exploration in the area; and • Sufficient work has been performed to indicate that the carrying amount of the expenditure carried as an asset will not be fully recovered. Recoverable amount is the higher of an asset's (or cash-generating unit's) fair value less costs of disposal and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre‐tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. If the recoverable amount of an asset (or cash‐generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash‐generating unit) is reduced to its recoverable amount. An impairment loss is recognized immediately in the consolidated statements of comprehensive loss. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash‐generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount, net of depreciation, that would have been determined had no impairment loss been recognized for the asset (or cash‐generating unit) in prior years. Cash and cash equivalents Cash and cash equivalents comprise of cash on deposit with banks and highly liquid short-term interest-bearing investments with a term to maturity at the date of purchase of 90 days or less which are subject to an insignificant risk of change in value. Investments in associates Investments over which the Company exercises significant influence but which it does not control or jointly control are associates. Investments in associates are accounted for using the equity method, except when classified as held for sale. The equity method involves recording the initial investment at cost and subsequently adjusting the carrying value of the investment for the Company's proportionate share of the profit (loss), other comprehensive income (loss) and any other changes in the associate's net assets, such as further investment. The equity method requires shares of losses to be recognized only until the carrying amount of an interest in an associate is nil. Any further losses are not recognized unless the entity has a legal or constructive obligation in respect of the liabilities associated with those losses. At each statement of financial position date, the Company considers whether there is objective evidence of impairment of its investments in associate. If there is such evidence, the Company determines the amount of impairment to record, if any, in relation to the associate. Foreign currencies Foreign currency transactions are translated into the functional currency of each entity using the exchange rates prevailing at the date of the transaction. Monetary assets and liabilities are translated using period end exchange rates. Foreign currency gains and losses resulting from the settlement of such transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in the consolidated statements of loss and comprehensive loss. Revenue recognition Revenue is comprised of revenue earned in the period from royalty interests. 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. Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 2. Basis of preparation and Significant accounting policies (continued) 2.4 Significant accounting policies (continued) Related party transactions Parties are considered to be 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 to be related if they are subject to common control. Related parties may be individuals or corporate entities. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. Net loss per share Basic net loss per share includes no potential dilution and is computed by dividing the net loss attributable to common stockholders by the weighted average number of common shares outstanding for the period. The basic and diluted net loss per share are the same as there are no instruments that have a dilutive effect on earnings. Segment Reporting An operating segment is a component of the Company that engages in business activities from which it may earn revenues and incur expenses. The Company's operating segments are components of the Company's business for which discrete financial information is available and which are reviewed regularly by the Company's Chief Executive Officer to make decisions about resources to be allocated to the segment and assess its performance. Business combinations Transactions whereby the assets acquired and liabilities assumed constitute a business are business combinations. A business is defined as an integrated set of activities and assets that is capable of being conducted and managed for the purpose of providing goods or services to customers, generating investment income or generating other income from ordinary activities. Business combinations in which the Company is identified as the acquirer are accounted for using the acquisition method of accounting, whereby identifiable assets acquired, and liabilities assumed, including contingent liabilities, are recognized at their fair values at the acquisition date. The acquisition date is the date at which the Company obtains control over the acquiree, which is generally the date that consideration is transferred, and the Company acquires the assets and assumes the liabilities of the acquiree. It generally requires time to obtain the information necessary to identify and measure the assets acquired and liabilities assumed as of the acquisition date. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the business combination occurs, the Company reports in its consolidated financial statements provisional amounts for the items for which the fair value measurement is incomplete. During the year from the acquisition date to the time the Company receives the relevant information it was seeking about facts and circumstances that existed as of the acquisition date or learns that more information is not obtainable (the "measurement period"), the Company will retrospectively adjust the provisional amounts recognized at the acquisition date to reflect new relevant information obtained about facts and circumstances that existed as of the acquisition date and, if known, would have affected the measurement of the amounts recognized as of that date, including recognizing additional assets or liabilities. The measurement period does not exceed one year from the acquisition date. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the Company, the liabilities, including contingent consideration, incurred and payable by the Company to former owners of the acquiree and the equity interests issued by the Company. Acquisition-related costs, other than costs to issue debt or equity securities of the Company, are expensed as incurred. At the acquisition date, non-controlling interests are recorded at their proportionate share of the fair value of identifiable net assets acquired. When the cost of the acquisition exceeds the fair value of the identifiable net assets acquired, the difference is recognized as goodwill. The results of businesses acquired during the year are included in the consolidated financial statements from the date of acquisition. Income taxes Income tax expense represents the sum of tax currently payable and deferred tax. Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the end of each reporting period. Deferred income tax is provided using the liability method on temporary differences, at the end of each reporting period, between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 2. Basis of preparation and Significant accounting policies (continued) 2.4 Significant accounting policies (continued) Income taxes Deferred income tax liabilities are recognized for all taxable temporary differences, except: • where the deferred income tax liability arises from the initial recognition of goodwill or of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; and • in respect of taxable temporary differences associated with investments in subsidiaries, where the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future. Deferred income tax assets are recognized for all deductible temporary differences, carry forward of unused tax credits and unused tax losses, to the extent that it is probable that taxable profit will be available against which the deductible temporary differences and the carry forward of unused tax credits and unused tax losses can be utilized except: • where the deferred income tax asset relating to the deductible temporary difference arises from the initial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; and • in respect of deductible temporary differences associated with investments in subsidiaries, deferred income tax assets are recognized only to the extent that it is probable that the temporary differences will reverse in the foreseeable future and taxable profit will be available against which the temporary differences can be utilized. The carrying amount of deferred income tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized. Unrecognized deferred income tax assets are reassessed at the end of each reporting period and are recognized to the extent that it has become probable that future taxable profit will allow the deferred tax asset to be recovered. Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the end of each reporting period. Deferred income tax relating to items recognized directly in equity is recognized in equity and not in the consolidated statements of comprehensive loss. Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 2. Basis of preparation and Significant accounting policies (continued) 2.4 Significant accounting policies (continued) Income taxes (continued) Deferred income tax assets and deferred income tax liabilities are offset if, and only if, a legally enforceable right exists to set off current tax assets against current tax liabilities and the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities which intend to either settle current tax liabilities and assets on a net basis, or to realize the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax assets or liabilities are expected to be settled or recovered. Financial Instruments Financial instruments are recognized in the consolidated statements of financial position on the trade date, being the date in which the Company becomes a party to the contractual provisions of the financial instrument. The Company's financial instruments consist of cash and cash equivalents, short-term and long-term investments, accounts receivable, accounts payable and accrued liabilities, lease obligation, government and bank loan, and derivative liabilities. The Company determines the classification of financial assets at initial recognition. Short-term investments are equity instruments held for trading and are classified as fair value through profit and loss ("FVTPL"). Long-term investments in common shares are held for long-term strategic purposes and not for trading. The Company has made an irrevocable election to designate all these investments as fair value through other comprehensive income ("FVTOCI") in order to provide a more meaningful presentation based on management's intention, rather than reflecting changes in fair value in net income. Such investments are measured at fair value at the end of each reporting period, with any gains or losses arising on re-measurement recognized as a component of other comprehensive income under the classification of gain (loss) on revaluation of investments. Cumulative gains and losses are not subsequently reclassified to profit or loss. Financial liabilities are measured at amortized cost, unless they are required to be measured at FVTPL (such as instruments held for trading or derivatives) or where the Company has opted to measure them at FVTPL. All financial instruments are initially recorded at fair value and designated as follows: Financial Assets Classification Cash and cash equivalents Financial assets at amortized cost Short-term investments FVTPL Accounts receivable Financial assets at amortized cost Long-term investments FVTOCI Financial Liabilities Classification Accounts payable and accrued liabilities Financial liabilities at amortized cost Lease obligation Financial liabilities at amortized cost Derivative liabilities FVTPL Government loan Financial liabilities at amortized cost Bank loan Financial liabilities at amortized cost Financial assets are derecognized when the contractual rights to the cash flows from the asset expire. Financial liabilities are derecognized only when the Company's obligations are discharged, cancelled or otherwise expire. On derecognition, the difference between the carrying amount (measured at the date or derecognition) and the consideration received (including any new asset obtained less any new liability obtained) is recognized in profit or loss. Share-based payments Restricted Shares and Restricted Share Units The fair values of restricted shares and time-based restricted share units ("RSUs") are measured at grant date and recognized over the period during which the restricted shares and RSUs vest. When restricted shares are conditional upon the achievement of a performance condition, the Company estimates the length of the expected vesting period at the grant date, based on the most likely outcome of the performance condition. The fair value of the restricted shares are determined based on the fair value of the common shares on the grant date, adjusted for minority shareholder discount, liquidity discount and other applicable factors that are generally recognized by market participants. The fair values of restricted shares and RSUs are recognized as an expense over the vesting period based on the best available estimate of the number of restricted shares and RSUs expected to vest; that estimate will be revised if subsequent information indicates that the number of Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 2. Basis of preparation and Significant accounting policies (continued) 2.4 Significant accounting policies (continued) Share-based payments (continued) Restricted Shares and Restricted Share Units (continued) restricted shares and RSUs expected to vest differs from previous estimates. Share Options The Company uses the Black-Scholes option-pricing model to determine the grant date fair value of share options. The fair value of share options granted to employees is recognized as an expense over the vesting period with a corresponding increase in equity. An individual is classified as an employee when the individual is an employee for legal or tax purposes, provides services that could be provided by a direct employee, or has authority and responsibility for planning, directing and controlling the activities of the Company, including non-executive directors. The fair value of share options is measured at the grant date and recognized over the period during which the options vest. Consideration received on the exercise of share options is recorded as issued capital and the related share-based compensation reserve is transferred to issued capital. Significant accounting policy judgments and sources of estimation uncertainty The preparation of these consolidated financial statements requires management to make accounting policy judgments and make estimates and form assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and reported amounts of income and expenses during the reporting period. On an ongoing basis, management evaluates its accounting policy judgments and estimates in relation to assets, liabilities, income and expenses. Management uses historical experience and various other factors it believes to be reasonable under the given circumstances as the basis for its estimates. Actual outcomes may differ from these estimates under different assumptions and conditions. Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 2. Basis of preparation and Significant accounting policies (continued) 2.4 Significant accounting policies (continued) Significant accounting policy judgments and sources of estimation uncertainty (continued) Management is required to make judgements in the application of the Company's accounting policies. The significant accounting policy judgements relevant to the current fiscal period are as follows: • The assessment of impairment of royalty and other interests requires the use of judgments, assumptions and estimates when assessing whether there are any indicators that could give rise to the requirement to conduct a formal impairment test as well as in the assessment of fair values. When assessing whether there are indicators of impairment, management uses its judgment in evaluating the indicators such as significant changes in future commodity prices, discount rates, foreign exchange rates, taxes, operator reserve and resource estimates or other relevant information received from the operators that indicates production from royalty interests may be deferred, will not likely not occur or may be significantly reduced in the future. • The Company's business is the acquisition of royalties through direct royalty asset acquisition or business combinations. Each royalty has its own unique terms and judgment is required to assess the appropriate accounting treatment. The assessment of whether an acquisition meets the definition of a business or whether assets are acquired is an area of judgment. In evaluating whether a transaction is a business combination management must consider if the acquired assets or entities encompass an integrated set of activities and assets that is capable of being conducted and managed for the purpose of generating income. Additionally, an optional asset concentration test may be applied. If deemed to be a business combination, applying the acquisition method to business combinations requires each identifiable asset and liability to be measured at its acquisition date fair value. The excess, if any, of the fair value of the consideration over the fair value of the net identifiable assets acquired is recognized as goodwill. • The functional currency for each of the Company's subsidiaries is the currency of the primary economic environment in which the entity operates. Determination of functional currency may involve judgment to determine the primary economic environment and the Company reconsiders the functional currency of its entities if there is a change in events and conditions which determine the primary economic environment. Information about significant sources of estimation uncertainty are described below. • The Company estimates the attributable reserves and resources relating to the mineral properties underlying the royalties that are held by the Company. Reserves and resources are estimates of the amount of minerals that can be economically and legally extracted from the mining properties in which the Company has royalty interests, adjusted where applicable to reflect the Company's percentage entitlement to minerals produced from such mines. The public disclosures of reserves and resources that are released by the operators of the interests involve assessments of geological and geophysical studies and economic data and the reliance on a number of assumptions, including commodity prices and production costs. The estimates of reserves and resources may change based on additional knowledge gained subsequent to the initial assessment. Changes in the reserve or resource estimates may impact the depletion calculation and carrying value of the Company's royalty interests. 3. Acquisitions of Ely, Golden Valley and Abitibi Acquisition of Ely On August 23, 2021, the Company completed the acquisition of all of the outstanding common shares Ely (the "Ely Shares") by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia). The Company issued 30,902,176 GRC Shares and paid $ 65 million (C$ 84 million) in cash. Each of the 15,946,732 warrants to purchase Ely Shares (an "Ely Warrant") that were outstanding immediately prior to the effective time represent the right to acquire, on valid exercise thereof (including payment of the applicable exercise price), 0.2450 of a GRC Share plus C$ 0.0001 .

Acquisition of Ely, Golden Vall

Acquisition of Ely, Golden Valley and Abitibi	3 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about business combination [abstract]
Acquisition of Ely, Golden Valley and Abitibi	3. Acquisitions of Ely, Golden Valley and Abitibi Acquisition of Ely On August 23, 2021, the Company completed the acquisition of all of the outstanding common shares Ely (the "Ely Shares") by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia). The Company issued 30,902,176 GRC Shares and paid $ 65 million (C$ 84 million) in cash. Each of the 15,946,732 warrants to purchase Ely Shares (an "Ely Warrant") that were outstanding immediately prior to the effective time represent the right to acquire, on valid exercise thereof (including payment of the applicable exercise price), 0.2450 of a GRC Share plus C$ 0.0001 . Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) Acquisitions of Ely, Golden Valley and Abitibi (continued) Acquisition of Ely (continued) The Ely Warrants are exercisable into 3,906,949 of GRC Shares with no change in the aggregate underlying exercise price denominated in Canadian dollar. The estimated total value for the Ely Warrants of $ 5,641 at the closing date is included in total consideration, of which $ 2,603 is classified as equity in accordance with IFRS 2 Share-based Payment and presented in reserve and $ 3,038 is classified as derivative liabilities in accordance with IAS 32 Financial Instruments: Presentation because they are denominated in Canadian dollars, which differs from the Company's functional currency. The change in fair value on the warrant derivative liabilities has been recorded as change in fair value of derivative liability in the consolidated statements of comprehensive loss. The following table summarizes the fair value of the consideration paid and the fair values of the assets acquired, and liabilities assumed on the closing date: ($) Consideration paid Cash paid to Ely shareholders (1) 65,016 GRC Shares issued to Ely shareholders (1) 130,194 15,946,732 Ely Warrants deemed to be exchanged for GRC Shares 5,641 Total consideration 200,851 Allocation of consideration Cash and cash equivalents 6,769 Short-term investments 1,291 Accounts receivable 262 Prepaid and other receivables 193 Reclamation bond 22 Property, plant & equipment 48 Royalties and other mineral interests 238,864 Accounts payable and accrued liabilities ( 3,847 ) Lease obligation ( 51 ) Deferred income tax liability ( 42,700 ) Net assets acquired 200,851 (1) Consideration excludes a portion of cash ($ 330 ) and share ($ 213 ) consideration representing the excess of the value of consideration over the intrinsic value of Ely's share options outstanding prior to the closing date. Such excess is recorded as share-based compensation in the consolidated statements of comprehensive loss on the closing date. The GRC shares issued to Ely shareholders were measured based on a share price of $ 4.22 , the share price of GRC immediately prior to the closing of the transaction. The fair value of the Ely Warrants at the time of the acquisition was estimated based on the Black-Scholes option pricing model using the following weighted average assumptions: risk-free interest rate of 0.40 %, expected life of the Ely Warrant of 1.91 years, expected volatility of 37 %, expected dividend yield of 0 % and estimated forfeiture rate of 0 %. The weighted average fair value of the Ely Warrants deemed to be exchanged on the closing date was $ 0.35 per Ely Warrant. Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 3. Acquisitions of Ely, Golden Valley and Abitibi (continued) Acquisitions of Ely (continued) The fair value of short-term investments acquired was estimated using their quoted market prices. The fair values of producing and development stage royalties were estimated using discounted cash flow models. Expected future cash flows used to estimate the fair value of these royalties are based on estimates of future gold prices, projected future production, estimated quantities of mineral reserves and resources, expected future production costs, and discount rates at the closing date. The fair values of exploration stage royalties were estimated using a market approach based on comparable market transactions. The fair value of receivables and payables are equal to their gross contractual amounts at the closing date. Transaction costs of $ 2.9 million were expensed in the consolidated statements of comprehensive loss and included advisory and consulting fees of $ 1.9 million and legal and other professional fees of $ 1.0 million. On closing date, the Company recognized share-based compensation of $ 543 , of which $ 330 was paid from the cash consideration and $ 213 was paid from the share consideration, representing the excess of consideration given to Ely share option holders over the intrinsic value of options to purchase Ely Shares outstanding immediately prior to the closing date. The intrinsic value of Ely's share options was determined based on Ely's share price on the last trading day prior to the closing date. The difference between the intrinsic value and the value of the cash consideration and GRC Shares that the Ely Shares were exchanged for, has been treated as share-based compensation expense.​ Acquisitions of Golden Valley and Abitibi On November 5, 2021, the Company completed business combinations with Golden Valley and Abitibi by way of statutory plans of arrangement (the "Arrangements"). Pursuant to the Arrangements, the Company acquired all the issued and outstanding Golden Valley and Abitibi common shares, whereby: • GRC issued 2.1417 GRC Shares to Golden Valley shareholders for each Golden Valley common share; and • GRC issued 4.6119 GRC Shares to Abitibi shareholders for each Abitibi common share. The total consideration paid by the Company to holders of Golden Valley and Abitibi shares on the closing date consisted of an aggregate of 61,104,200 GRC Shares. Additionally, pursuant to the Golden Valley Arrangement, each of its 1,166,389 options that were outstanding immediately prior to the effective time were exchanged for 2,498,045 options to purchase GRC Shares. Based on the GRC share price, GRC Shares issued, and the fair value of GRC share options issued in exchange for Golden Valley options, the total consideration for the acquisition was $ 305,957 . The Company also incurred consulting fees payable to financial advisors of approximately $ 3 million. On the closing date, the total amount of cash and marketable securities acquired by the Company was $ 34,922 . The Company began consolidating the operating results, cash flows and net assets of Golden Valley and Abitibi beginning on November 5, 2021. On completion of the transaction, the Company acquired royalties, included, among other things: • Four royalties ( 1.5 % net smelter return ("NSR"), 2 % NSR, 3 % NSR, 15 % Net Profit Interest ("NPI")) on portions of the Canadian Malartic Property; and • A royalty ( 2.5 % to 4.0 % NSR) on Cheechoo, proximate to Newmont Corporation’s Éléonore Mine in Québec. Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 3. Acquisitions of Ely, Golden Valley and Abitibi (continued) Acquisitions of Golden Valley and Abitibi (continued) The following table summarizes the fair value of the consideration paid and the fair values of the assets acquired, and liabilities assumed on the closing date: ($) Consideration paid GRC Shares issued to Abitibi and Golden Valley Shareholders 296,966 1,166,389 Golden Valley share options deemed to be exchanged for GRC share options 8,991 Total consideration 305,957 Allocation of consideration Cash and cash equivalents 10,393 Restricted cash 1,815 Short-term investments 23,360 Prepaid and other receivables 2,756 Royalties and other mineral interests 366,102 Investment in associate 1,360 Accounts payable and accrued liabilities ( 5,561 ) Derivative liabilities ( 691 ) Government loan ( 48 ) Deferred income tax liability ( 93,529 ) Net assets acquired 305,957 The fair value of short-term investments and investment in associates was estimated based on quoted market prices. The fair value of derivative liabilities was estimated based on quoted market prices of the put and call option contracts (Note 10). The fair values of producing and development stage royalties were estimated using discounted cash flow models. Expected future cash flows used to estimate the fair value of these royalties are based on estimates of future gold prices, projected future production, estimated quantities of mineral reserves and resources, expected future production costs, and discount rates at the closing date. The fair values of exploration stage royalties were estimated using a market approach based on comparable market transactions. The fair value of receivables and payables are equal to their gross contractual amounts at the closing date. The fair value of the option has been estimated based on the Black-Scholes option pricing model using the following weighted average assumptions: risk-free interest rate of 0.40 %, expected life of 4.1 years, expected volatility of 37 %, expected dividend yield of 0 % and estimated forfeiture rate of 0 %.

Short-term investments

Short-term investments	3 Months Ended
	Dec. 31, 2022
Short-term Investments
Short-term investments	4. Short-term investments ($) Balance at September 30, 2020 — Acquisition of marketable securities in merger with Ely 1,291 Fair value change due to price change ( 168 ) Fair value change due to foreign exchange ( 5 ) Balance at September 30, 2021 1,118 Acquisition of Golden Valley and Abitibi 23,360 Addition 949 Dispositions ( 17,659 ) Fair value change due to price change ( 619 ) Fair value change due to foreign exchange 50 Balance at September 30, 2022 7,199 Addition 112 Dispositions ( 4,531 ) Fair value change due to price change 481 Fair value change due to foreign exchange 579 Balance at December 31, 2022 3,840 During the three months ended December 31, 2022 , the Company received shares from various optionees totaling $ 68 as property option payments and disposed of a portion of the short-term investments acquired through the acquisition Abitibi. During the year ended September 30, 2022 , the Company acquired 1,666,667 units of Monarch Mining Corporation ("Monarch") at a price of C$ 0.60 per unit for $ 799 (C$ 1 million). Each unit consists of one common share of Monarch and one transferable common share purchase warrant, with each warrant entitling the holder to acquire an additional common share for C$ 0.95 for a period of 60 months following the date of issuance thereof. The fair values of marketable securities disposed of during the three months ended December 31, 2022, and year ended September 30, 2022 were $ 4,531 and $ 17,659 , respectively.

Royalty and Other Mineral Inter

Royalty and Other Mineral Interests	3 Months Ended
	Dec. 31, 2022
Schedule Of Royalties
Royalty and other mineral interests	5. Royalty and other mineral interests ($) Balance at September 30, 2020 — Additions 25,496 Acquisition of Ely (Note 3) 238,864 Depletion ( 164 ) Foreign currency translation 379 Property option payment received ( 30 ) Balance at September 30, 2021 264,545 Additions 45,008 Disposal ( 10 ) Acquisition of Golden Valley & Abitibi (Note 3) 366,102 Depletion ( 1,756 ) Property option payment received ( 1,780 ) Impairment ( 3,821 ) Balance at September 30, 2022 668,288 Additions 57 Disposal ( 76 ) Depletion ( 216 ) Property option payment received ( 549 ) Balance at December 31, 2022 667,504 Property option payments received during the three months ended December 31, 2022 is $ 648 , of which $ 549 was deducted from royalties and other mineral interests and $ 99 is presented in revenue. Of the payments received, $ 68 was settled by receipt of marketable securities. $ 641 of the option payments received during the three months ended December 31, 2022 were generated from assets located in the U.S.A. Option payments received during the year ended September 30, 2022 is $ 2,230 , of which $ 1,780 is deducted from royalties and other mineral interests and $ 450 is presented as revenue. Of the payments received, $ 150 is settled by receipts of marketable securities. All option payments received during the year ended September 30, 2022 were generated from assets located in the U.S.A. 5. Royalty and other mineral interests (continued) Cost Accumulated Depletion Others Carrying Amount September 30, 2022 Additions December 31, 2022 September 30, 2022 Depletion December 31, 2022 Disposition Option payments Total December 31, 2022 ($) ($) ($) ($) ($) ($) ($) ($) ($) ($) Beaufor 1,235 — 1,235 — — — — — — 1,235 Borden 3,889 — 3,889 ( 539 ) ( 47 ) ( 586 ) — — — 3,303 Cheechoo 12,640 — 12,640 — — — — — — 12,640 Côté 16,132 — 16,132 — — — — — — 16,132 Croinor 5,779 — 5,779 — — — — — — 5,779 Fenelon 41,553 — 41,553 — — — — — — 41,553 Gold Rock 3,275 — 3,275 — — — — — — 3,275 Granite Creek 21,768 — 21,768 — — — — — — 21,768 Hog Ranch 12,879 — 12,879 — — — — — — 12,879 Jerritt Canyon 8,921 — 8,921 ( 528 ) ( 21 ) ( 549 ) — — — 8,372 Lincoln Hill 5,421 — 5,421 — — — — — — 5,421 Malartic 318,393 — 318,393 ( 691 ) ( 126 ) ( 817 ) — — — 317,576 Marigold 1,261 — 1,261 ( 84 ) — ( 84 ) — — — 1,177 McKenzie Break 4,301 — 4,301 — — — — — — 4,301 Railroad-Pinion 3,032 — 3,032 — — — — — — 3,032 REN (Net Profit Interest) 21,017 — 21,017 — — — — — — 21,017 REN (Net Smelter Return) 42,921 — 42,921 — — — — — — 42,921 São Jorge 2,274 — 2,274 — — — — — — 2,274 Titiribi 3,010 — 3,010 — — — — — — 3,010 Whistler 2,575 — 2,575 — — — — — — 2,575 Yellowknife 1,870 — 1,870 — — — — — — 1,870 Others 136,062 57 136,119 ( 78 ) ( 22 ) ( 100 ) ( 76 ) ( 549 ) ( 625 ) 135,394 Total (1) 670,208 57 670,265 ( 1,920 ) ( 216 ) ( 2,136 ) ( 76 ) ( 549 ) ( 625 ) 667,504 (1) Royalty and other mineral interests include non-depletable assets of $ 479,494 and depletable assets of $ 188,010 . Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 5. Royalty and other mineral interests (continued) Cost Accumulated Depletion Others Carrying Amount September 30, 2021 Additions September 30, 2022 October 1, 2021 Depletion September 30, 2022 Transfer Disposal Impairment Option payments Total September 30, 2022 ($) ($) ($) ($) ($) ($) ($) ($) ($) ($) ($) ($) Beaufor 1,235 — 1,235 — — — — — — — — 1,235 Borden 1,108 2,781 3,889 — ( 539 ) ( 539 ) — — — — — 3,350 Cheechoo — 12,640 12,640 — — — — — — — — 12,640 Côté — 16,132 16,132 — — — — — — — — 16,132 Croinor 5,330 449 5,779 — — — — — — — — 5,779 Fenelon 41,553 — 41,553 — — — — — — — — 41,553 Gold Rock 3,275 — 3,275 — — — — — — — — 3,275 Granite Creek — 21,768 21,768 — — — — — — — — 21,768 Hog Ranch 12,879 — 12,879 — — — — — — — — 12,879 Jerritt Canyon 8,921 — 8,921 ( 74 ) ( 454 ) ( 528 ) — — — — — 8,393 Lincoln Hill 5,289 — 5,289 — — — 132 — — — 132 5,421 Malartic — 318,393 318,393 — ( 691 ) ( 691 ) — — — — — 317,702 Marigold 1,261 — 1,261 ( 84 ) — ( 84 ) — — — — — 1,177 McKenzie Break 4,010 291 4,301 — — — — — — — — 4,301 Railroad-Pinion 3,032 — 3,032 — — — — — — — — 3,032 Rawhide 3,821 — 3,821 — — — — — ( 3,821 ) — ( 3,821 ) — REN (Net Profit Interest) 21,017 — 21,017 — — — — — — — — 21,017 REN (Net Smelter Return) 42,365 — 42,365 — — — 556 — — — 556 42,921 São Jorge 2,274 — 2,274 — — — — — — — — 2,274 Titiribi 3,010 — 3,010 — — — — — — — — 3,010 Whistler 2,575 — 2,575 — — — — — — — — 2,575 Yellowknife 1,870 — 1,870 — — — — — — — — 1,870 Others 99,884 38,656 138,540 ( 6 ) ( 72 ) ( 78 ) ( 688 ) ( 10 ) — ( 1,780 ) ( 2,478 ) 135,984 Total (1) 264,709 411,110 675,819 ( 164 ) ( 1,756 ) ( 1,920 ) — ( 10 ) ( 3,821 ) ( 1,780 ) ( 5,611 ) 668,288 (1) Royalty and other mineral interests include non-depletable assets of $ 480,085 and depletable assets of $ 188,203 . 5. Royalty and other mineral interests (continued) The following is a summary of selected royalties own by the Company as at December 31, 2022: Asset Interest Jurisdiction Producing Borden Mine (1) 0.5% NSR Ontario, Canada Canadian Malartic Property (open pit) (1) 2.0% – 3.0% NSR Québec, Canada Jerritt Canyon Mine 0.5% NSR Nevada, USA Jerritt Canyon Mine (Per Ton Royalty) $0.15 – $0.40 Per Ton Royalty Nevada, USA Marigold Mine (1) 0.75% NSR Nevada, USA Granite Creek 10% NPI Nevada, USA Isabella Pearl Mine (1) 0.375% Gross Revenue Royalty Nevada, USA Key Developing Beaufor Mine 1.0% NSR Québec, Canada Beaufor-Beacon Mill (Per Tonne Royalty (“PTR”)) C$1.25 – C$3.75 PTR Québec, Canada Côté Gold Project (1) 0.75% NSR Ontario, Canada Fenelon Gold Property 2.0% NSR Québec, Canada Gold Rock Project 0.5% NSR Nevada, USA Hog Ranch Project 2.25% NSR Nevada, USA La Mina Project 2.0% NSR Colombia Lincoln Hill Project 2.0% NSR Nevada, USA Canadian Malartic - Odyssey Project (1) (underground) 3.0% NSR Québec, Canada Railroad-Pinion Project (1) 0.44% NSR Nevada, USA REN - Carline Mines 1.5% NSR Nevada, USA REN - Carline Mines (NPI) 3.5% NPI Nevada, USA São Jorge Project 1.0% NSR Brazil Sleeper Project 0.33% NSR Nevada, USA Note: (1) Royalty applies to only a portion of the property. Val d'Or Mining Royalties and Strategic Alliance On December 1, 2022, through our subsidiaries, we entered into an agreement (the " VZZ Agreement ") with Val d'Or Mining Corporation (" VZZ "), whereby, among other things, our subsidiary Golden Valley Mines and Royalties Ltd. (" Golden Valley ") would transfer to VZZ interests in 12 prospective properties held by it with a carrying value of $ 321 in exchange for royalties thereon. The subject properties are located in Québec and Ontario. The transactions under the VZZ Agreement were completed in January 2023, pursuant to which Golden Valley: • divested certain mineral rights and other interests to VZZ and retained a 0.5 % to 1.0 % NSR royalty on the following properties located in Québec and Ontario: Bogside, Bogside NW, Cheechoo B East, Island 27, Matachewan, Munro, North Contact, Recession Larder, Riverside, Sharks, Smokehead and Titanic; • assigned to VZZ certain mineral rights and interests under an option agreement with Eldorado Gold (Québec) Inc. and retained a a 1.5 % NSR royalty on the Claw Lake, Cook Lake and Murdoch Creek properties in Ontario and the Perestroika Prospect in Québec; and • retained a right of first refusal on any royalty or similar interest that VZZ intends to sell, transfer or otherwise dispose of. Such right of first refusal is subject to our and our affiliates holding at least 10 % of the outstanding common shares of VZZ. As of the date of this Transition Report, we own 35 % of the outstanding common shares of VZZ. Côté Gold Project On March 1, 2022, the Company completed the acquisition of an existing 0.75 % NSR royalty on a portion of the Côté Gold Project, located in Ontario Canada, and owned by IAMGOLD Corporation, as the operator, and Sumitomo Metal Mining Co., Ltd. The Company paid a total consideration of $ 15,832 at closing which comprised of $ 15,000 in cash and the issuance of 207,449 GRC Shares with fair value of $ 832 . Gold Royalty Corp. Notes to Consolidated Financial Statements (Expressed in thousands of United States dollars unless otherwise stated) 5. Royalty and other mineral interests (continued) Côté Gold Project (continued) In addition, the Company issued an additional 50,000 GRC Shares to third parties in connection with certain acknowledgement in connection with the transaction. Nevada Gold Mines On September 27, 2022, the Company completed the acquisition from Nevada Gold Mines LLC ("NGM"), a joint venture between Barrick Gold Corporation and Newmont Corporation, of a royalty portfolio consisting of: • a 10 % NPI royalty on Granite Creek Mine operated by i-80 Gold Corp., payable after 120,000 oz of gold or equivalent is cumulatively produced from the project ; • a 2.0 % NSR royalty on the Bald Mountain Mine operated by Kinross Gold Corporation ("Kinross"), payable after 10 million ounces of gold have been produced from the properties ; and • a 1.25 % NSR on the Bald Mountain Joint Venture Zone also operated by Kinross. The purchase consideration was satisfied by the issuance of 9,393,681 GRC Shares to NGM with fair value of $ 21,512 at closing. Eldorado Project On January 14, 2022, Nevada Select Royalty, Inc., a wholly owned subsidiary of the Company, granted an option to a third party to purchase 100 % of its right, title, and interest in its Eldorado Project for a 3.0 % NSR and $ 2,000 cash payments, of which $ 75 has been received. The balance of the cash payments is due as follows: • $ 125 on or before January 14, 2023. • $ 400 on or before January 14, 2024 and January 14, 2025 and; • $ 500 on or before January 14, 2026 and January 14, 2027. The option will be in effect during the term of the agreement from the grant date to the first to occur of (a) the exercise of the option, (b) the termination of this option agreement, or (c) 5 years from January 14, 2022. Monarch Mining Projects On July 23, 2021, the Company entered into a definitive agreement with Monarch Mining Corporation ("Monarch") to acquire a portfolio of gold royalty interests, including a C$ 2.50 per tonne royalty on material processed through Monarch's Beacon mill originating from the Beaufor mine operations, a 2.5 % NSR on each of Monarch's Croinor Gold, McKenzie Break and Swanson properties, and a 1 % NSR on Monarch's Beaufor property. The consideration was approximately $ 12 million (C$ 15 million), of which approximately $ 9 million (C$ 11.25 million) was paid on closing and approximately $ 3 million (C$ 3.75 million) is payable upon the 6-month anniversary of closing. Monarch has the right to repurchase a 1.25 % NSR on each of the Croinor Gold, McKenzie Break and Swanson properties for C$ 2 million per property. Such rights may only be exercised by Monarch for a period of 30 days after December 31, 2027 after the gold price as quoted by the London Bullion Market exceeds $2,000 per ounce continuously for 30 consecutive days. On April 6, 2022, the Company completed a royalty financing transaction with Monarch. Pursuant to the definitive agreement, the Company provided $ 3,587 (C$ 4.5 million) in additional royalty financing to Monarch in exchange for increasing the rate on the Company's existing royalties and provided an additional $ 799 (C$ 1 million) in equity financing to Monarch by participating in its marketed private placement (Note 5). Pursuant to the definitive agreement, among other things: • the existing C$ 2.50 PTR on material from the Beaufor Mine through the Beacon Mill is increased to C$ 3.75 per tonne on material from the Beaufor Mine and C$ 1.25 per tonne on material from the McKenzie Break, Croinor Gold, and Swanson properties; • the existing 2.50 % NSR royalties on Monarch's McKenzie Break, Croinor Gold, and Swanson properties is increased to a 2.75 % NSR over the properties; • Monarch's existing 1.25 % NSR royalty buyback rights on the McKenzie Break, Croinor Gold, and Swanson properties is extinguished; and • the Company retains pre-emptive rights on any future PTRs on the Beacon Mill and retains a right of first refusal on the creation of any additional NSR properties over the McKenzie Break, Croinor Gold, and Swanson properties. Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 5. Royalty and other mineral interests (continued) Monarch Mining Projects (continued) On September 27, 2022, Monarch announced that it had suspended its operations at the Beaufor Mine due to financial and operational challenges. Monarch further disclosed that the mine has been put on care and maintenance for an undetermined period. Monarch has not disclosed the timing or plans for a potential restart of the mine. The Company considered the suspension of operations at the Beaufor Mine an indicator of impairment as at September 30, 2022 and conducted an impairment analysis to estimate the recoverable amount at that time. No impairment charge was recorded as a result of this assessment. As at September 30, 2022 , the carrying values of royalties held at the Beaufor Mine totaled $ 4,712 . Rawhide During the year ended September 30, 2022 , mining operations at the Rawhide mine were suspended due to working capital constraints. Accordingly, the Company recognized an impairment charge of $ 3,821 on the Rawhide royalty. GoldMining Projects On November 27, 2020, the Company entered into a royalty purchase agreement with GoldMining, the Company's former parent, pursuant to which GoldMining caused its applicable subsidiaries to create and issue to the Company NSR royalties ranging from 0.5 % to 2.0 % on 17 gold properties and transfer to the Company certain buyback rights held by its subsidiaries. The purchase consideration with a fair value of $ 13,076 was satisfied by the issuance of 15,000,000 GRC Shares. Jerritt Canyon On March 20, 2023, First Majestic announced it is temporarily suspending all mining activities and reducing its workforce at Jerritt Canyon effective immediately. During the suspension, First Majestic announced the intention to process aboveground stockpiles through the plant and continue exploration activities throughout 2023. The Company considered the temporary suspension of mining activities to be an indicator of impairment and conducted an impairment analysis as of December 31, 2022 to estimate the recoverable amount of its royalty assets. A fair value less cost of disposal test was performed using a discounted cash flow model and the following assumptions: consensus average gold prices of $ 1,688 over the longer term, resumption of production at the mine in 2025 and a post-tax real discount rate of 5 %. As at December 31, 2022, the carrying value of the Jerritt Canyon mine royalties totaled $ 8,393 . The Company concluded that the recoverable amount exceeded the carrying value of the royalties and no impairment charge was recorded.

Long-term investments

Long-term investments	3 Months Ended
	Dec. 31, 2022
Disclosure Of Investments Other Than Investments Accounted For Using Equity Method [Abstract]
Long-term investments	6. Long-term investment As at December 31, 2022 , long-term investment includes a $ 1,587 (C$ 2 million) ( September 30, 2022 : $ 1,587 (C$ 2 million) investment for a 12.5 % equity interest in Prospector Royalty Corp. ("PRC"). PRC is a private company that provides the Company preferred access to a proprietary, extensive and digitized royalty database. In conjunction with the investment, the Company has entered into a royalty referral arrangement with PRC, which will provide the Company with the opportunity to acquire certain royalties identified by PRC.

Investment in associate

Investment in associate	3 Months Ended
	Dec. 31, 2022
Disclosure of associates [abstract]
Investment in associate	. Investment in associate The Company acquired 25,687,444 common shares of Val-d'Or Mining Corporation ("VZZ") as part of the acquisition of Golden Valley. On March 18, 2022, the Company participated in the VZZ private placement offering and acquired 3,277,606 units at a price of C$ 0.16 per unit. Each unit is comprised of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable for the purchase of one common share of VZZ at a per share price of C$ 0.20 until March 18, 2024 . As at December 31, 2022 , the Company has a 35.59 % equity interest in VZZ. Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 7. Investment in associate (continued) The following table summarizes the changes to the Company's investment as at December 31, 2022: ($) Balance at September 30, 2021 — Acquisition of Golden Valley 1,360 Addition 409 Share of loss in associate ( 296 ) Dilution gain 100 Translation gain ( 144 ) Balance at September 30, 2022 1,429 Share of loss in associate 1 Translation gain 29 Balance at December 31, 2022 1,459

Derivative liabilities

Derivative liabilities	3 Months Ended
	Dec. 31, 2022
Disclosure Of Derivative Financial Instruments [Abstract]
Derivative liabilities	8. Derivative liabilities The Company acquired put and call options on certain short-term investments as part of the acquisition of Abitibi. These put and call options were classified as derivative liabilities in accordance with IAS 32 Financial Instruments: Presentation . At each reporting date, the change in fair value is recognized in the consolidated statements of comprehensive loss. On the closing of the business combination, the fair value of these put and call options was $ 691 . During the three months ended December 31, 2022 , a fair value loss of $ 16 was recorded in change in fair value of derivative liabilities in the consolidated statements of comprehensive loss. As at December 31, 2022 , each of the 8,849,251 warrants to purchase common shares of Ely (an "Ely Warrant") that were outstanding represent the right to acquire, on valid exercise thereof (include payment of the applicable exercise price), 0.2450 of a GRC Share plus C$ 0.0001 . The Ely Warrants were classified as derivative liabilities in accordance with IAS 32 Financial Instruments: Presentation as they are denominated in Canadian dollars, which differs from the Company's functional currency. The fair value of such Ely Warrants is remeasured on the reporting date and the change in fair value is recognized in the consolidated statements of comprehensive loss. As at December 31, 2022 , the fair value of the Ely Warrants has been estimated based on the Black-Scholes option pricing model using the following weighted average assumptions: risk-free interest rate of 4.02 %, expected life of the Ely Warrant of 0.39 years, expected volatility of 41 %, expected dividend yield of 0 % and estimated forfeiture rate of 0 %. The Company recorded a fair value gain on the warrant derivative liabilities of $ 294 in change in fair value of derivative liabilities in the consolidated statements of comprehensive loss for the year ended December 31, 2022. As at September 30, 2022, each of the 8,849,251 warrants to purchase common shares of Ely (an "Ely Warrant") that were outstanding represent the right to acquire, on valid exercise thereof (include payment of the applicable exercise price), 0.2450 of a GRC Share plus C$ 0.0001 . The Ely Warrants were classified as derivative liabilities in accordance with IAS 32 Financial Instruments: Presentation as they are denominated in Canadian dollars, which differs from the Company's functional currency. The fair value of such Ely Warrants is remeasured on the reporting date and the change in fair value is recognized in the consolidated statements of comprehensive loss. As at September 30, 2022, the fair value of the Ely Warrants has been estimated based on the Black-Scholes option pricing model using the following weighted average assumptions: risk-free interest rate of 3.75 %, expected life of the Ely Warrant of 0.64 years, expected volatility of 40 %, expected dividend yield of 0 % and estimated forfeiture rate of 0 %. The Company recorded a fair value gain on the warrant derivative liabilities of $ 3,999 in change in fair value of derivative liabilities in the consolidated statements of comprehensive loss for the year ended September 30, 2022. As at September 30, 2021, the fair value of the Ely Warrants has been estimated based on the Black-Scholes option pricing model using the following weighted average assumptions: risk-free interest rate of 0.23 %, expected life of the Ely Warrant of 1.64 years, expected volatility of 43 %, expected dividend yield of 0 % and estimated forfeiture rate of 0 %. The Company recorded a fair value loss on the warrant derivative liabilities of $ 1,511 in change in fair value of derivative liabilities in the consolidated statements of comprehensive loss for the year ended September 30, 2021. Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 8. Derivative liabilities (continued) The movement in derivative liabilities is as follows: ($) Balance at September 30, 2020 — Acquisition of Ely (Note 3) 3,038 Change in fair value during the year 1,511 Balance at September 30, 2021 4,549 Acquisition of Abitibi (Note 3) 691 Exercise of Ely warrants ( 124 ) Change in fair value during the year ( 4,588 ) Balance at September 30, 2022 528 Repurchase of Abitibi call options ( 8 ) Change in fair value during the period ( 278 ) Balance at December 31, 2022 242

Bank loan

Bank loan	3 Months Ended
	Dec. 31, 2022
Borrowings [abstract]
Bank loan	9. Bank loan On January 24, 2022, the Company entered into a definitive credit agreement with the Bank of Montreal providing for a $ 10,000 secured revolving credit facility (the "Facility"), that includes an accordion feature providing for an additional $ 15,000 of availability (the "Accordion"), subject to certain conditions. The Facility, secured against certain assets of the Company, is available for general corporate purposes, acquisitions, and investments subject to certain limitations. Amounts drawn on the Facility bear interest at a rate determined by reference to the U.S. dollar Base Rate plus a margin of 3.00 % per annum or Adjusted Term SOFR Rate plus a margin of 4.00 % per annum, as applicable, and the undrawn portion is subject to a standby fee of 0.90 % per annum. The Adjusted Term SOFR Rate shall mean on any day the Term SOFR Reference Rate as published by the Term SOFR Administrator for the tenor comparable to the applicable interest period, plus certain credit spread adjustments. On September 14, 2022, the Company and Bank of Montreal agreed to extend the maturity date of the Facility from March 31, 2023 to March 31, 2025 . The exercise of the Accordion is subject to certain additional conditions and the satisfaction of financial covenants. The following outlines the movement of the bank loan during year ended December 31, 2022: ($) Balance at September 30, 2021 — Draw-down 10,000 Less: transaction costs and fees ( 597 ) Gain on loan modification ( 316 ) Interest expense 617 Interest paid ( 342 ) Balance at September 30, 2022 9,362 Interest expense 279 Interest paid ( 193 ) Balance at December 31, 2022 9,448 On February 13, 2023, the Company announced an amended and restated credit agreement with the Bank of Montreal and the National Bank of Canada to expand its existing secured revolving credit facility (Note 17).

Income taxes

Income taxes	3 Months Ended
	Dec. 31, 2022
Disclosure Of Income Tax [Abstract]
Income taxes	10. Income taxes The Company had no assessable profit for the three months ended December 31, 2022 and the year ended September 30, 2022 . A reconciliation of the provision for income taxes computed at the combined Canadian federal and provincial statutory rate to the provision for income taxes as shown in the statements of comprehensive loss is as follows: Three months ended Year ended Year ended December 31, 2022 September 30, 2022 September 30, 2021 ($) ($) ($) Net loss before income taxes ( 2,639 ) ( 17,361 ) ( 15,006 ) Canadian federal and provincial income tax rates 27 % 27 % 27 % Income tax recovery based on Canadian federal and provincial income tax rates ( 713 ) ( 4,687 ) ( 4,052 ) Reconciling items: Difference in foreign tax rates 12 210 6 Deferred tax assets (not recognized) recognized ( 52 ) 3,282 2,507 Stock-based compensation 291 849 751 Non-taxable dividends ( 5 ) ( 106 ) — Fair value change in warrant liability ( 79 ) ( 1,080 ) 408 Tax rate difference on fair value change in marketable securities ( 137 ) 12 — Permanent difference and others 248 1,505 380 ( 435 ) ( 15 ) — Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 10. Income taxes (continued) The significant components of deferred income tax assets and liabilities were as follows: Three months ended Year ended Year ended December 31, 2022 September 30, 2022 September 30, 2021 ($) ($) ($) Deferred tax assets and (liabilities): Non-capital losses 1,396 897 591 Capital losses 63 63 — Marketable securities ( 63 ) 19 4 Undeducted financing fees 74 86 114 Other deferred tax assets 94 80 192 Royalty assets ( 136,261 ) ( 136,241 ) ( 41,762 ) Mineral and royalty interests — — ( 1,635 ) Other deferred tax liabilities ( 391 ) ( 427 ) ( 204 ) ( 135,088 ) ( 135,523 ) ( 42,700 ) At December 31, 2022, September 30, 2022 and 2021, deductible temporary differences for which no deferred tax assets are recognized are below: Three months ended Year ended Year ended December 31, 2022 September 30, 2022 September 30, 2021 ($) ($) ($) Deducted temporary differences are recognized: Non-capital losses 22,652 22,386 9,341 Marketable securities 2,503 2,704 759 Other deferred tax assets 3,853 4,294 1 29,008 29,384 10,101 The deferred tax assets have not been recognized in the consolidated financial statements, as the Company does not consider it more likely than not that those assets will be realized in the future. As of December 31, 2022 , the Company had Canadian net operating loss carryforwards of $ 26,780 which expire between 2039 and 2042. As of December 31, 2022 , there are U.S. net operating loss carryforwards of $ 1,232 , of which $ 1,071 expire between 2034 and 2036 and the remainder may be carried forward indefinitely.

Issued capital

Issued capital	3 Months Ended
	Dec. 31, 2022
Disclosure Of Issued Capital [Abstract]
Issued capital	11. Issued capital 11.1 Common Shares The authorized share capital of the Company consists of an unlimited number of common shares and an unlimited number of preferred shares issuable in series without par value. On October 16, 2020, GoldMining, the Company's former parent, subscribed for 5,000,000 GRC Shares for cash of $ 50 . On December 4, 2020, the Company completed a private placement of 1,325,000 GRC Shares for gross proceeds of $ 2,849 . On March 11, 2021, the Company completed its initial public offering and issued 18,000,000 units at a price of $ 5.00 per unit for gross proceeds of $ 90,000 . Each unit consisted of one GRC Share and one half of a common share purchase warrant, and each common share purchase warrant entitles the holder to acquire a GRC Share at a price of $ 7.50 per share until March 11, 2024. Further, the underwriters exercised the over-allotment option to purchase 721,347 additional GRC shares for gross proceeds of $ 3,603 and 1,350,000 additional common share purchase warrants for gross proceeds of $ 14 . On April 19, 2021, the Company entered into an agreement with a service provider for the provision of digital marketing and advertising services. The total fee was paid in cash and 75,000 GRC Shares with a fair value of $ 4.60 per share. No expense was recognized for the three months ended December 31, 2022. For the year ended September 30, 2022 , the Company amortized the prepaid service fee over the term of the agreement and recognized $ 173 as share-based compensation expense. On August 23, 2021, the Company completed its acquisition of Ely by issuing 30,902,176 GRC Shares with a fair value of $ 130,194 (Note 3). On October 12, 2021, the Company issued 120,000 GRC Shares with a fair value of $ 626 to Blender Media Inc. ("Blender") as compensation for the expanded scope of digital marketing services for a contract term ending on June 27, 2022 (Note 14). No expense was recognized for the three months ended December 31, 2022 . $ 626 was recognized as share-based compensation expense for the year ended September 30, 2022. On November 5, 2021, the Company completed its acquisitions of Golden Valley and Abitibi by issuing an aggregate of 61,104,200 GRC Shares with a fair value of $ 296,966 (Note 3). On March 1, 2022, the Company issued 207,449 GRC Shares to acquire a 0.75 % NSR royalty on a portion of the Côté Gold Project. In addition, on May 25, 2022, the Company issued an additional 50,000 GRC Shares to third parties in connection with certain acknowledgement in connection with the transaction (Note 5). On March 22, 2022 and May 19, 2022, the Company issued 39,435 GRC Shares with fair value of $ 148 to service providers for the provision of marketing services. No expense was recognized for the three months ended December 31, 2022 . The Company amortized the prepaid service fee over the term of the agreement and recognized $ 148 as share-based compensation expense for the year ended September 30, 2022. On July 5, 2022, the Company issued 56,757 GRC Shares with fair value of $ 125 to service providers for the provision of marketing services. For the three months ended December 31, 2022 , the Company recognized $ 32 as share-based compensation expense. The Company amortized the prepaid service fee over the term of the agreement and recognized $ 31 as share-based compensation expense for the year ended ended September 30, 2022. On September 27, 2022 the Company issued 9,393,681 GRC Shares to acquire a portfolio of royalties from NGM (Note 5). During the three months ended December 31, 2022 , no GRC Share was issued in exchange for the exercise of Ely Warrants. During the year ended September 30, 2022 , the Company issued 402,938 GRC Shares in exchange for the exercise of 1,644,649 Ely Warrants and received gross proceeds of $ 856 . 11.2 At-the-Market Program On August 15, 2022, the Company entered into an equity distribution agreement (the "Equity Distribution Agreement") with a syndicate of agents, providing for the issuance of up to $ 50 million shares of GRC from treasury to the public from time to time pursuant to an "at the market" equity program (the "ATM Program"). Unless earlier terminated by the Company or the agents as permitted therein, the Equity Distribution Agreement will terminate upon the earlier of: (a) the date that the aggregate gross sales proceeds of the GRC Shares sold under the ATM Program reaches $ 50 million; or (b) September 1, 2023. No sales occurred under the ATM as at December 31, 2022. Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 11. Issued capital (continued) 11.3 Restricted Shares On October 19, 2020, the Company issued 1,500,000 restricted shares (the "Restricted Shares") to certain officers and directors of the Company and GoldMining, the terms of which were subsequently amended on January 10, 2021. The Restricted Shares were subject to restrictions that, among other things, prohibited the transfer thereof until certain performance conditions were met. In addition, if such conditions were not met within applicable periods, the restricted shares will be deemed forfeited and surrendered by the holder thereof to the Company without the requirement of any further consideration. The performance conditions were as follows: (1) with respect to one-third of the Restricted Shares awarded to the holder, if the Company's initial public offering or any liquidity event (being any liquidation, dissolution or winding-up of the Company or distribution of all or substantially all of the Company's assets among shareholders or a change of control transaction) occurs that values the Company at a minimum of $50,000,000 (condition met) ; (2) with respect to one-third of the Restricted Shares awarded to the holder, if the Company receives $1,000,000 of royalty payments under any of the Company's royalty interests prior to October 19, 2023 (condition met) ; and (3) with respect to one-third of the Restricted Shares awarded to the holder, if the holder continues to be a director, officer, employee or consultant of the Company or an entity that is under common control with the Company for a period of one year after the initial public offering is completed (condition met) . No expense was recognized for the three months ended December 31, 2022. During the year ended September 30, 2022 , the Company recognized share-based compensation expense of $ 276 related to the Restricted Shares. 11.4 Restricted Share Units During the three months ended December 31, 2022 , the Company granted 603,703 RSUs at a weighted average value of $ 2.81 to certain officers, directors, and consultants of the Company. The RSUs vest in three equal annual instalments during the recipient's continual service with the Company. During the year ended September 30, 2022 the Company granted 167,849 RSUs at a weighted average value of $ 4.91 to certain officers, directors, and consultants of the Company. The RSUs vest in three equal annual instalments during the recipient's continual service with the Company. The Company classifies RSUs as equity instruments since the Company has the ability and intent to settle the awards in common shares. The compensation expense is calculated based on the fair value of each RSU as determined by the closing value of GRC Shares at the date of the grant. The Company recognizes compensation expense over the vesting period of the RSUs. During the three months ended December 31, 2022 , the Company recognized share-based compensation expense of $ 201 related to the RSUs. During the year ended September 30, 2022 , the Company recognized share-based compensation expense of $ 341 related to the RSUs. Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 11. Issued capital (continued) 11.5 Reserves The following outlines the movements of the Company's common share purchase warrants, share options and RSUs: Reserves Warrants Share Based Awards Total ($) ($) ($) Balance at September 30, 2020 — — — Initial public offering: Common share purchase warrants issued to for cash 7,045 — 7,045 Underwriters’ fees and issuance costs ( 416 ) — ( 416 ) Ely Warrants recognized in equity 2,603 — 2,603 Exercise of Ely Warrants ( 27 ) — ( 27 ) Share-based compensation - share options — 2,199 2,199 Balance at September 30, 2021 9,205 2,199 11,404 Exercise of Ely Warrants ( 913 ) — ( 913 ) Share options issued to replace Golden Valley’s share options — 8,991 8,991 Share-based compensation - share options — 1,551 1,551 Share-based compensation - RSUs — 341 341 Balance at September 30, 2022 8,292 13,082 21,374 Share-based compensation - share options — 845 845 Share-based compensation - RSUs — 201 201 Balance at December 31, 2022 8,292 14,128 22,420 Common Share Purchase Warrants As at December 31, 2022 , there were 11,518,252 Ely Warrants outstanding which are exercisable into 2,821,971 GRC Shares based on a 0.2450 exchange ratio. The Ely Warrants has a weighted average exercise price of C$ 4.31 per GRC Share and with a weighted average remaining contractual life of 0.61 years. During the year ended September 30, 2021, the Company issued 10,350,000 common share purchase warrants at an exercise price of $ 7.50 per share. The number of common share purchase warrants outstanding as at December 31, 2022 was 10,350,000 warrants at an exercise price of $ 7.50 per share and with a weighted average remaining contractual life of 1.19 years. Share Options The Company adopted a long-term incentive plan (the "LTIP") which provides that the Board of Directors may, from time to time, in its discretion, grant awards of restricted share units, performance share units, deferred share units and share options to directors, officers, employees and consultants. The aggregate number of common shares issuable under the LTIP in respect of awards shall not exceed 10 % of the common shares issued and outstanding. The following outlines the movements of the Company's common share options: Number of Weighted Average Balance at September 30, 2020 — — Granted 3,016,200 4.97 Balance at September 30, 2021 3,016,200 4.97 Golden Valley share options exchanged for GRC share options (Note 3) 2,498,045 1.32 Granted 577,031 4.52 Forfeited ( 61,200 ) 4.26 Balance at September 30, 2022 6,030,076 3.42 Granted 2,271,592 2.58 Forfeited ( 65,000 ) 4.29 Balance at December 31, 2022 8,236,668 3.18 Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 11. Issued capital (continued) 11.5 Reserves (continued) During the three months ended December 31, 2022 , the Company granted 30,000 share options at an exercise price of $ 2.13 , 5,000 share options at an exercise price of $ 2.49 per share and 2,236,592 at an exercise price of $ 2.59 to directors, officers and employees. These share options are exercisable for a period of 5 years from the date of grant and will vest as follows: (a) 25% on the grant date; and (b) 25% on each of the dates that are 6, 12 and 18 months thereafter. During the year ended September 30, 2022, the Company granted 404,517 share options at an exercise price of $ 4.93 , 5,000 share options at an exercise price of $ 4.62 per share, 100,000 share options at an exercise price of $ 4.14 , 17,514 share options at an exercise price of $ 3.06 , 25,000 share options at an exercise price of $ 2.73 and 25,000 share options at an exercise price of $ 2.16 to directors, officers and employees. These share options are exercisable for a period of 5 years from the date of grant and will vest as follows: (a) 25% on the grant date; and (b) 25% on each of the dates that are 6, 12 and 18 months thereafter. During the year ended September 30, 2021, the Company granted 2,505,000 share options at an exercise price of $ 5.00 per share, 305,000 share options at an exercise price of $ 4.78 per share, and 206,200 share options at an exercise price of $ 4.85 per share to directors, officers and employees. These share options are exercisable for a period of 5 years from the date of grant and will vest as follows: (a) 25% on the grant date; and (b) 25% on each of the dates that are 6, 12 and 18 months thereafter. The fair values of the share options granted during the three months ended December 31, 2022, and year ended September 30, 2022, and 2021 were estimated at the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions: Three months ended December 31, 2022 Year ended September 30, 2022 Year ended September 30, 2021 Risk-free interest rate 1.90 % 1.39 % 34.00 % Expected life (years) 2.93 2.87 2.99 Expected volatility 42.12 % 47.99 % 37.00 % Expected dividend yield 0.65 % 0.14 % 0.00 % Estimated forfeiture rate 1.72 % 0.50 % 1.98 % As there is insufficient trading history of the Company's common shares prior to the date of grant, the expected volatility is based on the historical share price volatility of a group of comparable companies in the sector in which the Company operates over a period similar to the expected life of the share options. A summary of share options outstanding and exercisable as at December 31, 2022, are as follows: Options Outstanding Options Exercisable Exercise Price Number of Options Outstanding Weighted Average Exercise Price Weighted Average Remaining Contractual Life Number of Options exercisable Weighted Average Exercise Price Weighted Average Remaining Contractual Life 1.00 to 1.99 2,450,929 1.38 1.97 2,450,929 1.38 1.97 2.00 to 2.99 2,368,708 2.44 4.34 633,764 2.44 4.34 3.00 to 3.99 17,514 3.06 4.38 8,757 3.06 4.38 4.00 to 4.99 894,517 4.66 3.84 639,759 4.66 3.84 5.00 and above 2,505,000 5.00 3.18 2,505,000 5.00 3.18 8,236,668 3.18 3.66 6,238,209 3.28 3.30 The fair value of the Company's share options recognized as share-based compensation expense during the three months ended December 31, 2022 was $ 845 , using the Black-Scholes option pricing model. For the year ended September 30, 2022 , the Company recognized share-based compensation expense of $ 1,551 related to share options. 11.6 Dividends On January 18, 2022, the Company announced the initiation of a quarterly dividend program and declared an inaugural quarterly cash dividend of $ 0.01 per common share. The Company paid a dividend of $ 1,439 during the three months ended December 31, 2022, and for the year ended September 30, 2022 , the Company paid a dividend of $ 4,032 .

Royalty and option income

Royalty and option income	3 Months Ended
	Dec. 31, 2022
Royalty And Option Income [Abstract]
Royalty and option income	12. Royalty and option income Three months ended Year ended Year ended December 31, 2022 September 30, 2022 September 30, 2021 ($) ($) ($) Royalty and option income were generated from: Canadian Malartic 195 1,132 — Borden 63 954 — Jerritt Canyon 148 808 94 Others 176 1,050 98 582 3,944 192 Others consist of royalty income from the Isabella Pearl Mine, advance mineral royalty payment of $ 48 and option income of $ 99 for the three months ended December 31, 2022. For the year ended September 30, 2022, others consist of royalty income from the Isabella Pearl Mine, advance mineral royalty payment of $ 386 and option income of $ 450 .

Financial instruments

Financial instruments	3 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about financial instruments [abstract]
Financial instruments	13. Financial instruments The Company's financial assets consist of cash and cash equivalents, short-term and long-term investments, accounts receivable, accounts payable and accrued liabilities, lease obligation, government and bank loan, and derivative liabilities. The Company uses the following hierarchy for determining and disclosing fair value of financial instruments: • Level 1: quoted (unadjusted) prices in active markets for identical assets or liabilities. • Level 2: other techniques for which all inputs have a significant effect on the recorded fair value which are observable, either directly or indirectly. • Level 3: techniques which use inputs that have a significant effect on the recorded fair value that are not based on observable market data. The Company's short and long-term investments are initially recorded at fair value and subsequently revalued to their fair market value at each period end based on inputs such as quoted equity prices. The Company's short-term investments are measured at fair value on a recurring basis and classified as level 1 within the fair value hierarchy. The fair value of short-term investments is based on the quoted market price of the short-term investments. The fair value of the long-term investment is classified as Level 3 and measured based on data such as the price paid by arm's length parties in a recent transaction. The fair value of the derivative liabilities related to Ely Warrants is determined using the Black-Scholes valuation model. The fair value of derivative warrants to purchase shares in Monarch and VZZ were initially determined on a residual value basis and subsequently measured using the Black-Scholes valuation model. The significant inputs used are readily available in public markets and therefore have been classified as Level 2. Inputs used in the Black-Scholes model for derivative warrant liabilities include risk-free interest rate, volatility, and dividend yield. The fair value of the derivative liabilities related to the put and call option contracts is based on the quoted market price of these contracts. The fair value of the Company's other financial instruments, which include cash and cash equivalents, accounts receivable, and accounts payable and accrued liabilities approximate their carrying values due to their short term to maturity. Bank loan and lease obligation are measured at amortized cost. The fair value of the bank loan and lease obligation approximate their carrying values as their interest rates are comparable to current market rates. Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 13. Financial instruments (continued) 13.1 Financial risk management objectives and policies The financial risk arising from the Company's operations are credit risk, liquidity risk, currency risk, equity price risk and interest rate risk. These risks arise from the normal course of operations and all transactions undertaken are to support the Company's ability to continue as a going concern. The risks associated with financial instruments and the policies on how the Company mitigates these risks are set out below. Management manages and monitors these exposures to ensure appropriate measures are implemented in a timely and effective manner. 13.2 Credit risk Credit risk is the risk of an unexpected loss if a customer or third-party to a financial instrument fails to meet its contractual obligations. Credit risk for the Company is primarily associated with the Company's bank balances and accounts receivable. The Company mitigates credit risk associated with its bank balances by holding cash with Schedule I chartered banks in Canada and their US affiliates. The Company's maximum exposure to credit risk is equivalent to the carrying value of its cash and cash equivalents and accounts receivable. In order to mitigate its exposure to credit risk, the Company closely monitors its financial assets. 13.3 Liquidity risk Liquidity risk is the risk that the Company will not be able to settle or manage its obligations associated with financial liabilities. To manage liquidity risk, the Company closely monitors its liquidity position and ensures it has adequate sources of funding to finance its projects and operations. The Company's working capital (current assets less current liabilities) as at December 31, 2022 was $ 7,559 compared to $ 9,746 as at September 30, 2022. The Company's accounts payable and accrued liabilities are expected to be realized or settled, respectively, within a one-year period. The Company's future profitability will be dependent on the royalty income to be received from mine operators. Royalties are based on a percentage of the minerals or the products produced, or revenue or profits generated from the property which is typically dependent on the prices of the minerals the property operators are able to realize. Mineral prices are affected by numerous factors such as interest rates, exchange rates, inflation or deflation and global and regional supply and demand. In managing liquidity risk, the Company takes into account the amount available under the ATM Program, anticipated cash flows from operating activities and its holding of cash and short-term investments. The Company believes it has the required liquidity to meet its obligations and to finance its planned activities. 13.4 Currency risk The Company is exposed to foreign exchange risk when the Company undertakes transactions and holds assets and liabilities in currencies other than its functional currency. The Company currently does not engage in foreign exchange currency hedging. The currency risk on the Company's cash and cash equivalents, short-term investments, accounts payable and accrued liabilities and derivative liabilities are minimal. 13.5 Equity price risk The Company is exposed to equity price risk associated with its investments in other mining companies. The Company's short-term investments consisting of common shares are exposed to significant equity price risk due to the potentially volatile and speculative nature of the businesses in which the investments are held. Based on the Company's short-term investments held as at December 31, 2022 , a 10 % change in the market price of these investments would have an impact of approximately $ 280 on net loss. 13.6 Interest rate risk The Company's exposure to interest rate risk arises from the impact of interest rates on its cash and secured revolving credit facility, which bear interest at fixed or variable rates. The interest rate risks on the Company's cash balances are minimal. The Company's secured revolving credit facility bears interest at a rate determined by reference to the U.S. dollar Base Rate plus a margin of 3.00 % or Adjusted Term SOFR plus a margin of 4.00 %, as applicable and an increase (decrease) of 10 basis point in the applicable rate of interest would not have a significant impact on the net loss for the three months ended December 31, 2022 . The Company's lease liability is determined using the interest rate implicit in the lease and an increase (decrease) of 10 basis point would not have a significant impact on the net loss for the three months ended December 31, 2022 .

Related party transactions

Related party transactions	3 Months Ended
	Dec. 31, 2022
Disclosure Of Related Party [Abstract]
Related party transactions	14. Related party transactions 14.1 Related Party Transactions During the three months ended December 31, 2022 , we entered into an agreement with VZZ through our subsidiary Golden Valley, whereby, among other things, our subsidiary would transfer to VZZ interests in 12 prospective properties held by it in exchange for royalties thereon. Also, we entered into a strategic alliance with IZZ, which provides us with a right of first refusal on any royalty or similar interest sold by IZZ in Australia. The strategic alliance includes a royalty referral arrangement which will provide us with the opportunity to acquire certain royalties identified by IZZ in Australia in consideration for which IZZ will retain an interest in the underlying royalty on a carried-basis. Glenn Mullan is the President and Chief Executive Officer of VZZ and IZZ, and a director of the Company. During the year ended September 30, 2022, the Company incurred $ 136 (2021: $ 71 ) in technology expenses for website design, hosting and maintenance service provided by Blender. Blender is controlled by a family member of Amir Adnani, a director of the Company. On October 12, 2021, the Company issued 120,000 GRC Shares to Blender as the compensation for the expanded scope of digital marketing services to be provided by Blender for a contract term ending on June 27, 2022. During the year ended September 30, 2022, the Company recognized share-based compensation expense of $ 626 (2021: $nil) in respect of this contract. No expense was recognized during the three months ended December 31, 2022. Related party transactions are based on the amounts agreed to by the parties. 14.2 Transactions with Key Management Personnel Key management personnel are persons responsible for planning, directing and controlling the activities of an entity. Total management salaries and directors' fees incurred for services provided by key management personnel of the Company for the three months ended December 31, 2022 and the year ended September 30, 2022 are as follows: For the three months ended For the year ended For the year ended December 31, 2022 September 30, 2022 September 30, 2021 ($) ($) ($) Management salaries 275 1,453 939 Directors’ fees 102 442 233 Share-based compensation 788 1,628 2,154 1,165 3,523 3,326 The amount payable to management and directors of $ 23 , $ 582 and $ 632 as at December 31, 2022, September 30, 2022 and September 30, 2021 were included in accounts payable and accrued liabilities. Such payables were fully settled subsequent to period end.

Operating segments

Operating segments	3 Months Ended
	Dec. 31, 2022
Disclosure of operating segments [abstract]
Operating segments	15. Operating segments The Company conducts its business as a single operating segment, being the investment in royalty and mineral stream interests. Except for royalties on gold projects located in Brazil, Colombia, Peru, Turkey and the United States, substantially all of the Company's assets and liabilities are held in Canada. For the three months ended For the year ended For the year ended Non-current assets by geographical region as of: December 31, 2022 September 30, 2022 September 30, 2021 Canada 453,801 453,917 67,271 USA 217,073 217,740 198,927 Total 670,874 671,657 266,198

Change of Accounting Year

Change of Accounting Year	3 Months Ended
	Dec. 31, 2022
Condensed Financial Information Of Change Of Accounting Year Disclosure [abstract]
Change of accounting year	16. Change of accounting year Transition period comparative data Condensed Statements of Financial Position As at December 31, 2021 (Unaudited) ($) Assets Current assets Cash and cash equivalents 13,826 Restricted cash 609 Short-term investments 25,057 Accounts receivable 364 Prepaids and other receivables 4,465 44,321 Non-current assets Royalty and other mineral interests 630,182 Long-term investment 1,587 Investment in associate 1,217 Other long-term assets 57 633,043 677,364 Liabilities Current Liabilities Accounts payable and accrued liabilities 9,718 9,718 Non-current liabilities Government loan 46 Derivative liabilities 5,027 Deferred income tax liability 136,377 141,450 151,168 Equity Share Capital 527,132 Reserves 20,611 Accumulated deficit ( 21,988 ) Accumulated other comprehensive income 441 526,196 677,364 Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 16. Change of accounting year (Continued) Transition period comparative data (Continued) Condensed Statements of Loss and Comprehensive Loss Three months ended December 31, 2021 (Unaudited) ($) Revenue Royalty and option income 533 Cost of sales Depletion ( 287 ) Gross profit 246 Expenses Consulting fees ( 3,242 ) Depreciation ( 9 ) Management and directors’ fees ( 217 ) Salaries, wages and benefits ( 214 ) Investor communications and marketing expenses ( 339 ) Office and technology expenses ( 215 ) Transfer agent and regulatory fees ( 82 ) Insurance fees ( 578 ) Professional fees ( 1,816 ) Share-based compensation ( 901 ) Mineral interest maintenance expenses ( 64 ) Share of loss in associate ( 143 ) Operating loss for the period ( 7,574 ) Other items Change in fair value of derivative liabilities 90 Change in fair value of short-term investments 531 Foreign exchange gain 34 Interest expense ( 4 ) Other income 249 Net loss before income taxes for the period ( 6,674 ) Deferred tax expense ( 167 ) Net loss after income taxes for the period ( 6,841 ) Other comprehensive income Item that may be reclassified subsequently to net income: Total comprehensive loss for the period ( 6,841 ) Net loss per share, basic and diluted ( 0.06 ) Weighted average number of common shares outstanding, basic and diluted 109,907,519 16. Change of accounting year (Continued) Transition period comparative data (Continued) Condensed Statements Changes in Equity Number of Issued Capital Reserves Accumulated Accumulated Total Balance at September 30, 2021 72,538,609 228,620 11,404 ( 15,147 ) 441 225,318 Common shares issued to acquire Abitibi Royalties Inc. 31,625,931 153,702 — — — 153,702 Common shares issued to acquire Golden Valley Mines and Royalties Ltd. 29,478,269 143,264 — — — 143,264 Share options issued on exchange of options of Golden Valley Mines and Royalties Ltd. — — 8,991 — — 8,991 Common shares issued for marketing services 120,000 626 — — — 626 Common shares issued upon exercise of common share purchase warrants 164,692 760 ( 230 ) — — 530 Share-based compensation - performance based restricted shares — 160 — — — 160 Share-based compensation - share options — — 446 — — 446 Net loss for the period — — — ( 6,841 ) — ( 6,841 ) Balance at December 31, 2021 133,927,501 527,132 20,611 ( 21,988 ) 441 526,196 16. Change of accounting year (Continued) Transition period comparative data (Continued) Condensed Statements of Cash Flows For the three months ended December 31, 2021 (Unaudited) ($) Operating activities Net loss for the period ( 6,841 ) Items not involving cash: Depreciation 9 Depletion 287 Interest expense 4 Share-based compensation 901 Change in fair value of short-term investments ( 531 ) Change in fair value of derivative liabilities ( 90 ) Share of loss in associate 143 Deferred tax expense 167 Unrealized foreign exchange gain 57 Net changes in non-cash working capital items: Accounts receivables 48 Prepaids and other receivables 565 Accounts payable and accrued liabilities ( 2,779 ) Cash used in operating activities ( 8,060 ) Investing activities Restricted cash released 1,206 Interest received 2 Investment in royalties and other mineral interests ( 307 ) Cash acquired through acquisition of Abitibi Royalties Inc. and Golden Valley Mines and Royalties Ltd. 10,393 Proceeds from option agreements 436 Cash provided by investing activities 11,730 Financing activities Proceeds from exercise of common share purchase warrants 280 Payment of lease obligations ( 10 ) Cash provided by financing activities 270 Effect of exchange rate changes on cash ( 19 ) Net increase in cash 3,921 Cash and cash equivalents Beginning of period 9,905 End of period 13,826

Subsequent events

Subsequent events	3 Months Ended
	Dec. 31, 2022
Disclosure of Events After Reporting Period [Abstract]
Subsequent events	17. Subsequent events Other than as disclosed elsewhere in these consolidated financial statements, the following material events occurred subsequent to December 31, 2022: Issue of shares to officers, directors and consultants On January 4, 2023, the Company issued 53,620 shares in satisfaction of vesting requirements of granted RSUs at a price of $ 2.49 to certain officers, directors, and consultants of the Company. Grant of share options On January 3, 2023, the Company granted 5,000 share options at an exercise price of $ 2.30 per share to an employee. The options are valid for a period of five years and will vest as follows: (a) 25% on the grant date; and (b) 25% on each of the dates that are 6, 12 and 18 months thereafter. Expanded Revolving Credit Facility On February 13, 2023, the Company announced an amended and restated credit agreement with the Bank of Montreal and the National Bank of Canada to expand its existing secured revolving credit facility to $ 20,000 , with an accordion feature providing for an additional $ 15,000 of availability, subject to certain additional conditions. The Facility, secured against the assets of the Company, will be available for general corporate purposes, acquisitions and investments, and bears interest at a rate determined by reference to the Base Rate plus a margin of 3.00 % or Adjusted Term SOFR plus a margin of 4.00 %, as applicable. The Facility will have a maturity date of March 31, 2025 . Dividend Reinvestment Plan (“DRIP”) On February 16, 2023, the Company adopted the DRIP commencing with its upcoming first quarter 2023 dividend. The DRIP provides eligible shareholders of Gold Royalty with the opportunity to have all or a portion of the cash dividends declared on their common shares by the Company automatically reinvested into additional common shares, without paying brokerage commissions. The Company has the discretion to cause share issuances under the DRIP to be satisfied by issuing common shares from treasury or through purchases of common shares on the open market including the facilities of the NYSE American.

Basis of Preparation and Sign_2

Basis of Preparation and Significant Accounting Policies (Policies)	3 Months Ended
	Dec. 31, 2022
Disclosure of voluntary change in accounting policy [abstract]
Royalties	Royalties Royalties consist of acquired royalty interests in producing, development and exploration and evaluation stage properties. Royalties are recorded at cost and capitalized as tangible assets on a property-by-property basis. They are subsequently measured at cost less accumulated depletion and accumulated impairment losses, if any. The Company assesses the carrying costs for impairment when indicators of impairment exist. Project due diligence costs that are not related to a specific agreement are expensed in the period incurred. Producing royalty interests are recorded at cost in accordance with IAS 16, Property, Plant and Equipment and depleted using the units-of production method over the life of the property to which the royalty relates, which is estimated using available information of proven and probable mineral reserves specifically associated with the properties and may include a portion of resources expected to be classified as mineral reserves at the mine corresponding to the specific interest. On acquisition of a royalty, an allocation of its cost or fair value may be attributed to the exploration potential of the interest. The value of the exploration potential is accounted for in accordance with IFRS 6, Exploration and Evaluation of Mineral Resources and is not depleted until such time as the technical feasibility and commercial viability have been established at which point the value of the asset is accounted for in accordance with IAS 16, Property, Plant and Equipment .
Exploration and Evaluation Assets	Exploration and Evaluation Assets All costs incurred prior to obtaining the legal right to undertake exploration and evaluation activities on a project are expensed in the period incurred. Exploration and evaluation costs arising following the acquisition of an exploration license are capitalized on a project-by-project basis. Costs incurred include appropriate technical and administrative overheads. Exploration assets are carried at historical cost less any impairment losses recognized. Exploration and evaluation activity includes geological and geophysical studies, exploratory drilling and sampling and resource development. Upon demonstration of the technical feasibility and commercial viability of a project and a development decision, any past exploration and evaluation costs related to that project are subject to an impairment test and are reclassified in accordance with IAS 16, Property Plant and Equipment . Management assesses exploration assets for impairment at each reporting period or when facts and circumstances suggest that the carrying value of capitalized exploration costs may not be recoverable. For option payments received pursuant to mineral property option agreements where the Company acts as the optionor in the agreement, option proceeds are recognized as a credit to the amounts previously capitalized as exploration and evaluation assets. Any amounts received in excess of amounts capitalized are recorded as a credit in the consolidated statements of comprehensive loss.
Impairment of non-financial assets	Impairment of non-financial assets At the end of each reporting period, the Company reviews the carrying amounts of its royalties and exploration and evaluation assets to determine whether there is an indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash‐generating unit to which the assets belong. Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 2. Basis of preparation and Significant accounting policies (continued) 2.4 Significant accounting policies (continued) Impairment of non-financial assets (continued) Impairment reviews for exploration stage royalties and exploration and evaluation assets are carried out on a property-by-property basis, with each property representing a single cash generating unit. An impairment review is undertaken when indicators of impairment arise, but typically, when one of the following circumstances apply: • The right to explore the area has expired or will expire in the near future with no expectation of renewal; • Substantive expenditure on further exploration for and evaluation of mineral resources in the area is neither planned nor budgeted; • No commercially viable deposits have been discovered, and the decision had been made to discontinue exploration in the area; and • Sufficient work has been performed to indicate that the carrying amount of the expenditure carried as an asset will not be fully recovered. Recoverable amount is the higher of an asset's (or cash-generating unit's) fair value less costs of disposal and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre‐tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. If the recoverable amount of an asset (or cash‐generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash‐generating unit) is reduced to its recoverable amount. An impairment loss is recognized immediately in the consolidated statements of comprehensive loss. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash‐generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount, net of depreciation, that would have been determined had no impairment loss been recognized for the asset (or cash‐generating unit) in prior years.
Cash and cash equivalents	Cash and cash equivalents Cash and cash equivalents comprise of cash on deposit with banks and highly liquid short-term interest-bearing investments with a term to maturity at the date of purchase of 90 days or less which are subject to an insignificant risk of change in value.
Investment in associate	Investments in associates Investments over which the Company exercises significant influence but which it does not control or jointly control are associates. Investments in associates are accounted for using the equity method, except when classified as held for sale. The equity method involves recording the initial investment at cost and subsequently adjusting the carrying value of the investment for the Company's proportionate share of the profit (loss), other comprehensive income (loss) and any other changes in the associate's net assets, such as further investment. The equity method requires shares of losses to be recognized only until the carrying amount of an interest in an associate is nil. Any further losses are not recognized unless the entity has a legal or constructive obligation in respect of the liabilities associated with those losses. At each statement of financial position date, the Company considers whether there is objective evidence of impairment of its investments in associate. If there is such evidence, the Company determines the amount of impairment to record, if any, in relation to the associate.
Foreign currencies	Foreign currencies Foreign currency transactions are translated into the functional currency of each entity using the exchange rates prevailing at the date of the transaction. Monetary assets and liabilities are translated using period end exchange rates. Foreign currency gains and losses resulting from the settlement of such transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in the consolidated statements of loss and comprehensive loss.
Revenue recognition	Revenue recognition Revenue is comprised of revenue earned in the period from royalty interests. 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.
Related party transactions	Related party transactions Parties are considered to be 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 to be related if they are subject to common control. Related parties may be individuals or corporate entities. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties.
Net loss per share	Net loss per share Basic net loss per share includes no potential dilution and is computed by dividing the net loss attributable to common stockholders by the weighted average number of common shares outstanding for the period. The basic and diluted net loss per share are the same as there are no instruments that have a dilutive effect on earnings.
Segment Reporting	Segment Reporting An operating segment is a component of the Company that engages in business activities from which it may earn revenues and incur expenses. The Company's operating segments are components of the Company's business for which discrete financial information is available and which are reviewed regularly by the Company's Chief Executive Officer to make decisions about resources to be allocated to the segment and assess its performance.
Business combinations	Business combinations Transactions whereby the assets acquired and liabilities assumed constitute a business are business combinations. A business is defined as an integrated set of activities and assets that is capable of being conducted and managed for the purpose of providing goods or services to customers, generating investment income or generating other income from ordinary activities. Business combinations in which the Company is identified as the acquirer are accounted for using the acquisition method of accounting, whereby identifiable assets acquired, and liabilities assumed, including contingent liabilities, are recognized at their fair values at the acquisition date. The acquisition date is the date at which the Company obtains control over the acquiree, which is generally the date that consideration is transferred, and the Company acquires the assets and assumes the liabilities of the acquiree. It generally requires time to obtain the information necessary to identify and measure the assets acquired and liabilities assumed as of the acquisition date. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the business combination occurs, the Company reports in its consolidated financial statements provisional amounts for the items for which the fair value measurement is incomplete. During the year from the acquisition date to the time the Company receives the relevant information it was seeking about facts and circumstances that existed as of the acquisition date or learns that more information is not obtainable (the "measurement period"), the Company will retrospectively adjust the provisional amounts recognized at the acquisition date to reflect new relevant information obtained about facts and circumstances that existed as of the acquisition date and, if known, would have affected the measurement of the amounts recognized as of that date, including recognizing additional assets or liabilities. The measurement period does not exceed one year from the acquisition date. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the Company, the liabilities, including contingent consideration, incurred and payable by the Company to former owners of the acquiree and the equity interests issued by the Company. Acquisition-related costs, other than costs to issue debt or equity securities of the Company, are expensed as incurred. At the acquisition date, non-controlling interests are recorded at their proportionate share of the fair value of identifiable net assets acquired. When the cost of the acquisition exceeds the fair value of the identifiable net assets acquired, the difference is recognized as goodwill. The results of businesses acquired during the year are included in the consolidated financial statements from the date of acquisition.
Income taxes	Income taxes Income tax expense represents the sum of tax currently payable and deferred tax. Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the end of each reporting period. Deferred income tax is provided using the liability method on temporary differences, at the end of each reporting period, between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 2. Basis of preparation and Significant accounting policies (continued) 2.4 Significant accounting policies (continued) Income taxes Deferred income tax liabilities are recognized for all taxable temporary differences, except: • where the deferred income tax liability arises from the initial recognition of goodwill or of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; and • in respect of taxable temporary differences associated with investments in subsidiaries, where the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future. Deferred income tax assets are recognized for all deductible temporary differences, carry forward of unused tax credits and unused tax losses, to the extent that it is probable that taxable profit will be available against which the deductible temporary differences and the carry forward of unused tax credits and unused tax losses can be utilized except: • where the deferred income tax asset relating to the deductible temporary difference arises from the initial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; and • in respect of deductible temporary differences associated with investments in subsidiaries, deferred income tax assets are recognized only to the extent that it is probable that the temporary differences will reverse in the foreseeable future and taxable profit will be available against which the temporary differences can be utilized. The carrying amount of deferred income tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized. Unrecognized deferred income tax assets are reassessed at the end of each reporting period and are recognized to the extent that it has become probable that future taxable profit will allow the deferred tax asset to be recovered. Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the end of each reporting period. Deferred income tax relating to items recognized directly in equity is recognized in equity and not in the consolidated statements of comprehensive loss. Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 2. Basis of preparation and Significant accounting policies (continued) 2.4 Significant accounting policies (continued) Income taxes (continued) Deferred income tax assets and deferred income tax liabilities are offset if, and only if, a legally enforceable right exists to set off current tax assets against current tax liabilities and the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities which intend to either settle current tax liabilities and assets on a net basis, or to realize the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax assets or liabilities are expected to be settled or recovered.
Financial Instruments	Financial Instruments Financial instruments are recognized in the consolidated statements of financial position on the trade date, being the date in which the Company becomes a party to the contractual provisions of the financial instrument. The Company's financial instruments consist of cash and cash equivalents, short-term and long-term investments, accounts receivable, accounts payable and accrued liabilities, lease obligation, government and bank loan, and derivative liabilities. The Company determines the classification of financial assets at initial recognition. Short-term investments are equity instruments held for trading and are classified as fair value through profit and loss ("FVTPL"). Long-term investments in common shares are held for long-term strategic purposes and not for trading. The Company has made an irrevocable election to designate all these investments as fair value through other comprehensive income ("FVTOCI") in order to provide a more meaningful presentation based on management's intention, rather than reflecting changes in fair value in net income. Such investments are measured at fair value at the end of each reporting period, with any gains or losses arising on re-measurement recognized as a component of other comprehensive income under the classification of gain (loss) on revaluation of investments. Cumulative gains and losses are not subsequently reclassified to profit or loss. Financial liabilities are measured at amortized cost, unless they are required to be measured at FVTPL (such as instruments held for trading or derivatives) or where the Company has opted to measure them at FVTPL. All financial instruments are initially recorded at fair value and designated as follows: Financial Assets Classification Cash and cash equivalents Financial assets at amortized cost Short-term investments FVTPL Accounts receivable Financial assets at amortized cost Long-term investments FVTOCI Financial Liabilities Classification Accounts payable and accrued liabilities Financial liabilities at amortized cost Lease obligation Financial liabilities at amortized cost Derivative liabilities FVTPL Government loan Financial liabilities at amortized cost Bank loan Financial liabilities at amortized cost Financial assets are derecognized when the contractual rights to the cash flows from the asset expire. Financial liabilities are derecognized only when the Company's obligations are discharged, cancelled or otherwise expire. On derecognition, the difference between the carrying amount (measured at the date or derecognition) and the consideration received (including any new asset obtained less any new liability obtained) is recognized in profit or loss.
Share-based payments	Share-based payments Restricted Shares and Restricted Share Units The fair values of restricted shares and time-based restricted share units ("RSUs") are measured at grant date and recognized over the period during which the restricted shares and RSUs vest. When restricted shares are conditional upon the achievement of a performance condition, the Company estimates the length of the expected vesting period at the grant date, based on the most likely outcome of the performance condition. The fair value of the restricted shares are determined based on the fair value of the common shares on the grant date, adjusted for minority shareholder discount, liquidity discount and other applicable factors that are generally recognized by market participants. The fair values of restricted shares and RSUs are recognized as an expense over the vesting period based on the best available estimate of the number of restricted shares and RSUs expected to vest; that estimate will be revised if subsequent information indicates that the number of Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 2. Basis of preparation and Significant accounting policies (continued) 2.4 Significant accounting policies (continued) Share-based payments (continued) Restricted Shares and Restricted Share Units (continued) restricted shares and RSUs expected to vest differs from previous estimates. Share Options The Company uses the Black-Scholes option-pricing model to determine the grant date fair value of share options. The fair value of share options granted to employees is recognized as an expense over the vesting period with a corresponding increase in equity. An individual is classified as an employee when the individual is an employee for legal or tax purposes, provides services that could be provided by a direct employee, or has authority and responsibility for planning, directing and controlling the activities of the Company, including non-executive directors. The fair value of share options is measured at the grant date and recognized over the period during which the options vest. Consideration received on the exercise of share options is recorded as issued capital and the related share-based compensation reserve is transferred to issued capital.
Significant accounting policy judgments and sources of estimation uncertainty	Significant accounting policy judgments and sources of estimation uncertainty The preparation of these consolidated financial statements requires management to make accounting policy judgments and make estimates and form assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and reported amounts of income and expenses during the reporting period. On an ongoing basis, management evaluates its accounting policy judgments and estimates in relation to assets, liabilities, income and expenses. Management uses historical experience and various other factors it believes to be reasonable under the given circumstances as the basis for its estimates. Actual outcomes may differ from these estimates under different assumptions and conditions. Gold Royalty Corp. Notes to Consolidated Financial Statements For the three months ended December 31, 2022 and the years ended September 30, 2022 and 2021 (Expressed in thousands of United States dollars unless otherwise stated) 2. Basis of preparation and Significant accounting policies (continued) 2.4 Significant accounting policies (continued) Significant accounting policy judgments and sources of estimation uncertainty (continued) Management is required to make judgements in the application of the Company's accounting policies. The significant accounting policy judgements relevant to the current fiscal period are as follows: • The assessment of impairment of royalty and other interests requires the use of judgments, assumptions and estimates when assessing whether there are any indicators that could give rise to the requirement to conduct a formal impairment test as well as in the assessment of fair values. When assessing whether there are indicators of impairment, management uses its judgment in evaluating the indicators such as significant changes in future commodity prices, discount rates, foreign exchange rates, taxes, operator reserve and resource estimates or other relevant information received from the operators that indicates production from royalty interests may be deferred, will not likely not occur or may be significantly reduced in the future. • The Company's business is the acquisition of royalties through direct royalty asset acquisition or business combinations. Each royalty has its own unique terms and judgment is required to assess the appropriate accounting treatment. The assessment of whether an acquisition meets the definition of a business or whether assets are acquired is an area of judgment. In evaluating whether a transaction is a business combination management must consider if the acquired assets or entities encompass an integrated set of activities and assets that is capable of being conducted and managed for the purpose of generating income. Additionally, an optional asset concentration test may be applied. If deemed to be a business combination, applying the acquisition method to business combinations requires each identifiable asset and liability to be measured at its acquisition date fair value. The excess, if any, of the fair value of the consideration over the fair value of the net identifiable assets acquired is recognized as goodwill. • The functional currency for each of the Company's subsidiaries is the currency of the primary economic environment in which the entity operates. Determination of functional currency may involve judgment to determine the primary economic environment and the Company reconsiders the functional currency of its entities if there is a change in events and conditions which determine the primary economic environment. Information about significant sources of estimation uncertainty are described below. • The Company estimates the attributable reserves and resources relating to the mineral properties underlying the royalties that are held by the Company. Reserves and resources are estimates of the amount of minerals that can be economically and legally extracted from the mining properties in which the Company has royalty interests, adjusted where applicable to reflect the Company's percentage entitlement to minerals produced from such mines. The public disclosures of reserves and resources that are released by the operators of the interests involve assessments of geological and geophysical studies and economic data and the reliance on a number of assumptions, including commodity prices and production costs. The estimates of reserves and resources may change based on additional knowledge gained subsequent to the initial assessment. Changes in the reserve or resource estimates may impact the depletion calculation and carrying value of the Company's royalty interests.

Basis of Preparation and Sign_3

Basis of Preparation and Significant Accounting Policies (Tables)	3 Months Ended
	Dec. 31, 2022
Disclosure of voluntary change in accounting policy [abstract]
Summary of Financial Instruments At Fair Value	All financial instruments are initially recorded at fair value and designated as follows: Financial Assets Classification Cash and cash equivalents Financial assets at amortized cost Short-term investments FVTPL Accounts receivable Financial assets at amortized cost Long-term investments FVTOCI Financial Liabilities Classification Accounts payable and accrued liabilities Financial liabilities at amortized cost Lease obligation Financial liabilities at amortized cost Derivative liabilities FVTPL Government loan Financial liabilities at amortized cost Bank loan Financial liabilities at amortized cost

Acquisition of Ely, Golden Va_2

Acquisition of Ely, Golden Valley and Abitibi (Tables)	3 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about business combination [abstract]
Summary of Fair Value of Assets Acquired and Liabilities Assumed	The following table summarizes the fair value of the consideration paid and the fair values of the assets acquired, and liabilities assumed on the closing date: ($) Consideration paid Cash paid to Ely shareholders (1) 65,016 GRC Shares issued to Ely shareholders (1) 130,194 15,946,732 Ely Warrants deemed to be exchanged for GRC Shares 5,641 Total consideration 200,851 Allocation of consideration Cash and cash equivalents 6,769 Short-term investments 1,291 Accounts receivable 262 Prepaid and other receivables 193 Reclamation bond 22 Property, plant & equipment 48 Royalties and other mineral interests 238,864 Accounts payable and accrued liabilities ( 3,847 ) Lease obligation ( 51 ) Deferred income tax liability ( 42,700 ) Net assets acquired 200,851 (1) Consideration excludes a portion of cash ($ 330 ) and share ($ 213 ) consideration representing the excess of the value of consideration over the intrinsic value of Ely's share options outstanding prior to the closing date. Such excess is recorded as share-based compensation in the consolidated statements of comprehensive loss on the closing date. The following table summarizes the fair value of the consideration paid and the fair values of the assets acquired, and liabilities assumed on the closing date: ($) Consideration paid GRC Shares issued to Abitibi and Golden Valley Shareholders 296,966 1,166,389 Golden Valley share options deemed to be exchanged for GRC share options 8,991 Total consideration 305,957 Allocation of consideration Cash and cash equivalents 10,393 Restricted cash 1,815 Short-term investments 23,360 Prepaid and other receivables 2,756 Royalties and other mineral interests 366,102 Investment in associate 1,360 Accounts payable and accrued liabilities ( 5,561 ) Derivative liabilities ( 691 ) Government loan ( 48 ) Deferred income tax liability ( 93,529 ) Net assets acquired 305,957

Short-term investments (Tables)

Short-term investments (Tables)	3 Months Ended
	Dec. 31, 2022
Short-term Investments
Summary of Short-term Investments	($) Balance at September 30, 2020 — Acquisition of marketable securities in merger with Ely 1,291 Fair value change due to price change ( 168 ) Fair value change due to foreign exchange ( 5 ) Balance at September 30, 2021 1,118 Acquisition of Golden Valley and Abitibi 23,360 Addition 949 Dispositions ( 17,659 ) Fair value change due to price change ( 619 ) Fair value change due to foreign exchange 50 Balance at September 30, 2022 7,199 Addition 112 Dispositions ( 4,531 ) Fair value change due to price change 481 Fair value change due to foreign exchange 579 Balance at December 31, 2022 3,840

Royalty and other mineral int_2

Royalty and other mineral interests (Tables)	3 Months Ended
	Dec. 31, 2022
Schedule Of Royalties
Schedule of Royalties	($) Balance at September 30, 2020 — Additions 25,496 Acquisition of Ely (Note 3) 238,864 Depletion ( 164 ) Foreign currency translation 379 Property option payment received ( 30 ) Balance at September 30, 2021 264,545 Additions 45,008 Disposal ( 10 ) Acquisition of Golden Valley & Abitibi (Note 3) 366,102 Depletion ( 1,756 ) Property option payment received ( 1,780 ) Impairment ( 3,821 ) Balance at September 30, 2022 668,288 Additions 57 Disposal ( 76 ) Depletion ( 216 ) Property option payment received ( 549 ) Balance at December 31, 2022 667,504
Summary of Royalty Schedule	Cost Accumulated Depletion Others Carrying Amount September 30, 2022 Additions December 31, 2022 September 30, 2022 Depletion December 31, 2022 Disposition Option payments Total December 31, 2022 ($) ($) ($) ($) ($) ($) ($) ($) ($) ($) Beaufor 1,235 — 1,235 — — — — — — 1,235 Borden 3,889 — 3,889 ( 539 ) ( 47 ) ( 586 ) — — — 3,303 Cheechoo 12,640 — 12,640 — — — — — — 12,640 Côté 16,132 — 16,132 — — — — — — 16,132 Croinor 5,779 — 5,779 — — — — — — 5,779 Fenelon 41,553 — 41,553 — — — — — — 41,553 Gold Rock 3,275 — 3,275 — — — — — — 3,275 Granite Creek 21,768 — 21,768 — — — — — — 21,768 Hog Ranch 12,879 — 12,879 — — — — — — 12,879 Jerritt Canyon 8,921 — 8,921 ( 528 ) ( 21 ) ( 549 ) — — — 8,372 Lincoln Hill 5,421 — 5,421 — — — — — — 5,421 Malartic 318,393 — 318,393 ( 691 ) ( 126 ) ( 817 ) — — — 317,576 Marigold 1,261 — 1,261 ( 84 ) — ( 84 ) — — — 1,177 McKenzie Break 4,301 — 4,301 — — — — — — 4,301 Railroad-Pinion 3,032 — 3,032 — — — — — — 3,032 REN (Net Profit Interest) 21,017 — 21,017 — — — — — — 21,017 REN (Net Smelter Return) 42,921 — 42,921 — — — — — — 42,921 São Jorge 2,274 — 2,274 — — — — — — 2,274 Titiribi 3,010 — 3,010 — — — — — — 3,010 Whistler 2,575 — 2,575 — — — — — — 2,575 Yellowknife 1,870 — 1,870 — — — — — — 1,870 Others 136,062 57 136,119 ( 78 ) ( 22 ) ( 100 ) ( 76 ) ( 549 ) ( 625 ) 135,394 Total (1) 670,208 57 670,265 ( 1,920 ) ( 216 ) ( 2,136 ) ( 76 ) ( 549 ) ( 625 ) 667,504 (1) Royalty and other mineral interests include non-depletable assets of $ 479,494 and depletable assets of $ 188,010 . Cost Accumulated Depletion Others Carrying Amount September 30, 2021 Additions September 30, 2022 October 1, 2021 Depletion September 30, 2022 Transfer Disposal Impairment Option payments Total September 30, 2022 ($) ($) ($) ($) ($) ($) ($) ($) ($) ($) ($) ($) Beaufor 1,235 — 1,235 — — — — — — — — 1,235 Borden 1,108 2,781 3,889 — ( 539 ) ( 539 ) — — — — — 3,350 Cheechoo — 12,640 12,640 — — — — — — — — 12,640 Côté — 16,132 16,132 — — — — — — — — 16,132 Croinor 5,330 449 5,779 — — — — — — — — 5,779 Fenelon 41,553 — 41,553 — — — — — — — — 41,553 Gold Rock 3,275 — 3,275 — — — — — — — — 3,275 Granite Creek — 21,768 21,768 — — — — — — — — 21,768 Hog Ranch 12,879 — 12,879 — — — — — — — — 12,879 Jerritt Canyon 8,921 — 8,921 ( 74 ) ( 454 ) ( 528 ) — — — — — 8,393 Lincoln Hill 5,289 — 5,289 — — — 132 — — — 132 5,421 Malartic — 318,393 318,393 — ( 691 ) ( 691 ) — — — — — 317,702 Marigold 1,261 — 1,261 ( 84 ) — ( 84 ) — — — — — 1,177 McKenzie Break 4,010 291 4,301 — — — — — — — — 4,301 Railroad-Pinion 3,032 — 3,032 — — — — — — — — 3,032 Rawhide 3,821 — 3,821 — — — — — ( 3,821 ) — ( 3,821 ) — REN (Net Profit Interest) 21,017 — 21,017 — — — — — — — — 21,017 REN (Net Smelter Return) 42,365 — 42,365 — — — 556 — — — 556 42,921 São Jorge 2,274 — 2,274 — — — — — — — — 2,274 Titiribi 3,010 — 3,010 — — — — — — — — 3,010 Whistler 2,575 — 2,575 — — — — — — — — 2,575 Yellowknife 1,870 — 1,870 — — — — — — — — 1,870 Others 99,884 38,656 138,540 ( 6 ) ( 72 ) ( 78 ) ( 688 ) ( 10 ) — ( 1,780 ) ( 2,478 ) 135,984 Total (1) 264,709 411,110 675,819 ( 164 ) ( 1,756 ) ( 1,920 ) — ( 10 ) ( 3,821 ) ( 1,780 ) ( 5,611 ) 668,288 (1) Royalty and other mineral interests include non-depletable assets of $ 480,085 and depletable assets of $ 188,203 .
Summary of Selected Royalties Own by the Company	The following is a summary of selected royalties own by the Company as at December 31, 2022: Asset Interest Jurisdiction Producing Borden Mine (1) 0.5% NSR Ontario, Canada Canadian Malartic Property (open pit) (1) 2.0% – 3.0% NSR Québec, Canada Jerritt Canyon Mine 0.5% NSR Nevada, USA Jerritt Canyon Mine (Per Ton Royalty) $0.15 – $0.40 Per Ton Royalty Nevada, USA Marigold Mine (1) 0.75% NSR Nevada, USA Granite Creek 10% NPI Nevada, USA Isabella Pearl Mine (1) 0.375% Gross Revenue Royalty Nevada, USA Key Developing Beaufor Mine 1.0% NSR Québec, Canada Beaufor-Beacon Mill (Per Tonne Royalty (“PTR”)) C$1.25 – C$3.75 PTR Québec, Canada Côté Gold Project (1) 0.75% NSR Ontario, Canada Fenelon Gold Property 2.0% NSR Québec, Canada Gold Rock Project 0.5% NSR Nevada, USA Hog Ranch Project 2.25% NSR Nevada, USA La Mina Project 2.0% NSR Colombia Lincoln Hill Project 2.0% NSR Nevada, USA Canadian Malartic - Odyssey Project (1) (underground) 3.0% NSR Québec, Canada Railroad-Pinion Project (1) 0.44% NSR Nevada, USA REN - Carline Mines 1.5% NSR Nevada, USA REN - Carline Mines (NPI) 3.5% NPI Nevada, USA São Jorge Project 1.0% NSR Brazil Sleeper Project 0.33% NSR Nevada, USA Note: (1) Royalty applies to only a portion of the property.

Investment in associate (Tables

Investment in associate (Tables)	3 Months Ended
	Dec. 31, 2022
Disclosure of associates [abstract]
Summary of Changes to Investment	The following table summarizes the changes to the Company's investment as at December 31, 2022: ($) Balance at September 30, 2021 — Acquisition of Golden Valley 1,360 Addition 409 Share of loss in associate ( 296 ) Dilution gain 100 Translation gain ( 144 ) Balance at September 30, 2022 1,429 Share of loss in associate 1 Translation gain 29 Balance at December 31, 2022 1,459

Derivative liabilities (Tables)

Derivative liabilities (Tables)	3 Months Ended
	Dec. 31, 2022
Disclosure Of Derivative Financial Instruments [Abstract]
Summary of Movement in Derivative Liabilities	The movement in derivative liabilities is as follows: ($) Balance at September 30, 2020 — Acquisition of Ely (Note 3) 3,038 Change in fair value during the year 1,511 Balance at September 30, 2021 4,549 Acquisition of Abitibi (Note 3) 691 Exercise of Ely warrants ( 124 ) Change in fair value during the year ( 4,588 ) Balance at September 30, 2022 528 Repurchase of Abitibi call options ( 8 ) Change in fair value during the period ( 278 ) Balance at December 31, 2022 242

Bank loan (Tables)

Bank loan (Tables)	3 Months Ended
	Dec. 31, 2022
Borrowings [abstract]
Schedule of Movement of Bank Loan	The following outlines the movement of the bank loan during year ended December 31, 2022: ($) Balance at September 30, 2021 — Draw-down 10,000 Less: transaction costs and fees ( 597 ) Gain on loan modification ( 316 ) Interest expense 617 Interest paid ( 342 ) Balance at September 30, 2022 9,362 Interest expense 279 Interest paid ( 193 ) Balance at December 31, 2022 9,448 On February 13, 2023, the Company announced an amended and restated credit agreement with the Bank of Montreal and the National Bank of Canada to expand its existing secured revolving credit facility (Note 17).

Income taxes (Tables)

Income taxes (Tables)	3 Months Ended
	Dec. 31, 2022
Disclosure Of Income Tax [Abstract]
Summary of Reconciliation of Provision for Income Taxes Computed at Combined Canadian Federal and Provincial Statutory Rate to Provision for Income Taxes	A reconciliation of the provision for income taxes computed at the combined Canadian federal and provincial statutory rate to the provision for income taxes as shown in the statements of comprehensive loss is as follows: Three months ended Year ended Year ended December 31, 2022 September 30, 2022 September 30, 2021 ($) ($) ($) Net loss before income taxes ( 2,639 ) ( 17,361 ) ( 15,006 ) Canadian federal and provincial income tax rates 27 % 27 % 27 % Income tax recovery based on Canadian federal and provincial income tax rates ( 713 ) ( 4,687 ) ( 4,052 ) Reconciling items: Difference in foreign tax rates 12 210 6 Deferred tax assets (not recognized) recognized ( 52 ) 3,282 2,507 Stock-based compensation 291 849 751 Non-taxable dividends ( 5 ) ( 106 ) — Fair value change in warrant liability ( 79 ) ( 1,080 ) 408 Tax rate difference on fair value change in marketable securities ( 137 ) 12 — Permanent difference and others 248 1,505 380 ( 435 ) ( 15 ) —
Components of Deferred Income Tax Assets and Liabilities	The significant components of deferred income tax assets and liabilities were as follows: Three months ended Year ended Year ended December 31, 2022 September 30, 2022 September 30, 2021 ($) ($) ($) Deferred tax assets and (liabilities): Non-capital losses 1,396 897 591 Capital losses 63 63 — Marketable securities ( 63 ) 19 4 Undeducted financing fees 74 86 114 Other deferred tax assets 94 80 192 Royalty assets ( 136,261 ) ( 136,241 ) ( 41,762 ) Mineral and royalty interests — — ( 1,635 ) Other deferred tax liabilities ( 391 ) ( 427 ) ( 204 ) ( 135,088 ) ( 135,523 ) ( 42,700 )
Summary of Deductible Temporary Differences for Which No Deferred Tax Assets Recognized	At December 31, 2022, September 30, 2022 and 2021, deductible temporary differences for which no deferred tax assets are recognized are below: Three months ended Year ended Year ended December 31, 2022 September 30, 2022 September 30, 2021 ($) ($) ($) Deducted temporary differences are recognized: Non-capital losses 22,652 22,386 9,341 Marketable securities 2,503 2,704 759 Other deferred tax assets 3,853 4,294 1 29,008 29,384 10,101

Issued capital (Tables)

Issued capital (Tables)	3 Months Ended
	Dec. 31, 2022
Disclosure Of Issued Capital [Abstract]
Summary of Warrants and Share Options	The following outlines the movements of the Company's common share purchase warrants, share options and RSUs: Reserves Warrants Share Based Awards Total ($) ($) ($) Balance at September 30, 2020 — — — Initial public offering: Common share purchase warrants issued to for cash 7,045 — 7,045 Underwriters’ fees and issuance costs ( 416 ) — ( 416 ) Ely Warrants recognized in equity 2,603 — 2,603 Exercise of Ely Warrants ( 27 ) — ( 27 ) Share-based compensation - share options — 2,199 2,199 Balance at September 30, 2021 9,205 2,199 11,404 Exercise of Ely Warrants ( 913 ) — ( 913 ) Share options issued to replace Golden Valley’s share options — 8,991 8,991 Share-based compensation - share options — 1,551 1,551 Share-based compensation - RSUs — 341 341 Balance at September 30, 2022 8,292 13,082 21,374 Share-based compensation - share options — 845 845 Share-based compensation - RSUs — 201 201 Balance at December 31, 2022 8,292 14,128 22,420
Summary of Share Options Activities	The following outlines the movements of the Company's common share options: Number of Weighted Average Balance at September 30, 2020 — — Granted 3,016,200 4.97 Balance at September 30, 2021 3,016,200 4.97 Golden Valley share options exchanged for GRC share options (Note 3) 2,498,045 1.32 Granted 577,031 4.52 Forfeited ( 61,200 ) 4.26 Balance at September 30, 2022 6,030,076 3.42 Granted 2,271,592 2.58 Forfeited ( 65,000 ) 4.29 Balance at December 31, 2022 8,236,668 3.18
Summary of Fair Value Assumptions	The fair values of the share options granted during the three months ended December 31, 2022, and year ended September 30, 2022, and 2021 were estimated at the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions: Three months ended December 31, 2022 Year ended September 30, 2022 Year ended September 30, 2021 Risk-free interest rate 1.90 % 1.39 % 34.00 % Expected life (years) 2.93 2.87 2.99 Expected volatility 42.12 % 47.99 % 37.00 % Expected dividend yield 0.65 % 0.14 % 0.00 % Estimated forfeiture rate 1.72 % 0.50 % 1.98 %
Summary of Range of Options Outstanding and Exercisable	A summary of share options outstanding and exercisable as at December 31, 2022, are as follows: Options Outstanding Options Exercisable Exercise Price Number of Options Outstanding Weighted Average Exercise Price Weighted Average Remaining Contractual Life Number of Options exercisable Weighted Average Exercise Price Weighted Average Remaining Contractual Life 1.00 to 1.99 2,450,929 1.38 1.97 2,450,929 1.38 1.97 2.00 to 2.99 2,368,708 2.44 4.34 633,764 2.44 4.34 3.00 to 3.99 17,514 3.06 4.38 8,757 3.06 4.38 4.00 to 4.99 894,517 4.66 3.84 639,759 4.66 3.84 5.00 and above 2,505,000 5.00 3.18 2,505,000 5.00 3.18 8,236,668 3.18 3.66 6,238,209 3.28 3.30

Royalty and option income (Tabl

Royalty and option income (Tables)	3 Months Ended
	Dec. 31, 2022
Royalty And Option Income [Abstract]
Schedule of Royalty and Option Income Generated from Mines	Three months ended Year ended Year ended December 31, 2022 September 30, 2022 September 30, 2021 ($) ($) ($) Royalty and option income were generated from: Canadian Malartic 195 1,132 — Borden 63 954 — Jerritt Canyon 148 808 94 Others 176 1,050 98 582 3,944 192

Related party transactions (Tab

Related party transactions (Tables)	3 Months Ended
	Dec. 31, 2022
Disclosure Of Related Party [Abstract]
Summary of Key Management Transactions	Total management salaries and directors' fees incurred for services provided by key management personnel of the Company for the three months ended December 31, 2022 and the year ended September 30, 2022 are as follows: For the three months ended For the year ended For the year ended December 31, 2022 September 30, 2022 September 30, 2021 ($) ($) ($) Management salaries 275 1,453 939 Directors’ fees 102 442 233 Share-based compensation 788 1,628 2,154 1,165 3,523 3,326

Operating segments (Tables)

Operating segments (Tables)	3 Months Ended
	Dec. 31, 2022
Disclosure of operating segments [abstract]
Summary of Non-current Assets by Geographical Areas	For the three months ended For the year ended For the year ended Non-current assets by geographical region as of: December 31, 2022 September 30, 2022 September 30, 2021 Canada 453,801 453,917 67,271 USA 217,073 217,740 198,927 Total 670,874 671,657 266,198

Change of accounting year (Tabl

Change of accounting year (Tables)	3 Months Ended
	Dec. 31, 2022
Condensed Financial Information Of Change Of Accounting Year Disclosure [abstract]
Summary Of Condensed Statements Of Financial Position	As at December 31, 2021 (Unaudited) ($) Assets Current assets Cash and cash equivalents 13,826 Restricted cash 609 Short-term investments 25,057 Accounts receivable 364 Prepaids and other receivables 4,465 44,321 Non-current assets Royalty and other mineral interests 630,182 Long-term investment 1,587 Investment in associate 1,217 Other long-term assets 57 633,043 677,364 Liabilities Current Liabilities Accounts payable and accrued liabilities 9,718 9,718 Non-current liabilities Government loan 46 Derivative liabilities 5,027 Deferred income tax liability 136,377 141,450 151,168 Equity Share Capital 527,132 Reserves 20,611 Accumulated deficit ( 21,988 ) Accumulated other comprehensive income 441 526,196 677,364
Summary Of Condensed Statements Changes In Equity	Number of Issued Capital Reserves Accumulated Accumulated Total Balance at September 30, 2021 72,538,609 228,620 11,404 ( 15,147 ) 441 225,318 Common shares issued to acquire Abitibi Royalties Inc. 31,625,931 153,702 — — — 153,702 Common shares issued to acquire Golden Valley Mines and Royalties Ltd. 29,478,269 143,264 — — — 143,264 Share options issued on exchange of options of Golden Valley Mines and Royalties Ltd. — — 8,991 — — 8,991 Common shares issued for marketing services 120,000 626 — — — 626 Common shares issued upon exercise of common share purchase warrants 164,692 760 ( 230 ) — — 530 Share-based compensation - performance based restricted shares — 160 — — — 160 Share-based compensation - share options — — 446 — — 446 Net loss for the period — — — ( 6,841 ) — ( 6,841 ) Balance at December 31, 2021 133,927,501 527,132 20,611 ( 21,988 ) 441 526,196
Summary Of Condensed Statements Of Cash Flows	For the three months ended December 31, 2021 (Unaudited) ($) Operating activities Net loss for the period ( 6,841 ) Items not involving cash: Depreciation 9 Depletion 287 Interest expense 4 Share-based compensation 901 Change in fair value of short-term investments ( 531 ) Change in fair value of derivative liabilities ( 90 ) Share of loss in associate 143 Deferred tax expense 167 Unrealized foreign exchange gain 57 Net changes in non-cash working capital items: Accounts receivables 48 Prepaids and other receivables 565 Accounts payable and accrued liabilities ( 2,779 ) Cash used in operating activities ( 8,060 ) Investing activities Restricted cash released 1,206 Interest received 2 Investment in royalties and other mineral interests ( 307 ) Cash acquired through acquisition of Abitibi Royalties Inc. and Golden Valley Mines and Royalties Ltd. 10,393 Proceeds from option agreements 436 Cash provided by investing activities 11,730 Financing activities Proceeds from exercise of common share purchase warrants 280 Payment of lease obligations ( 10 ) Cash provided by financing activities 270 Effect of exchange rate changes on cash ( 19 ) Net increase in cash 3,921 Cash and cash equivalents Beginning of period 9,905 End of period 13,826

Summary of Financial Instrument

Summary of Financial Instruments At Fair Value (Details)	3 Months Ended
	Dec. 31, 2022
Cash And Cash Equivalent [Member]
IfrsStatementLineItems [Line Items]
Financial classification	Financial assets at amortized cost
Short Term Investment [Member]
IfrsStatementLineItems [Line Items]
Financial classification	FVTPL
Account Receivable [Member]
IfrsStatementLineItems [Line Items]
Financial classification	Financial assets at amortized cost
Long Term Investments [Member]
IfrsStatementLineItems [Line Items]
Financial classification	FVTOCI
Accounts Payables And Accrued Liabilities [Member]
IfrsStatementLineItems [Line Items]
Financial classification	Financial liabilities at amortized cost
Lease Obligation [Member]
IfrsStatementLineItems [Line Items]
Financial classification	Financial liabilities at amortized cost
Derivative Liability [Member]
IfrsStatementLineItems [Line Items]
Financial classification	FVTPL
Government Loan [Member]
IfrsStatementLineItems [Line Items]
Financial classification	Financial liabilities at amortized cost
Bank Loan [Member]
IfrsStatementLineItems [Line Items]
Financial classification	Financial liabilities at amortized cost

Summary of Fair Value of Assets

Summary of Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Nov. 05, 2021	Aug. 23, 2021
Disclosure of detailed information about business combination [abstract]
Cash paid to Ely shareholders(1)		$ 65,016
GRC Shares issued to Abitibi and Golden Valley Shareholders	$ 296,966
GRC Shares issued to Ely shareholders(1)		130,194
15,946,732 Ely Warrants deemed to be exchanged for GRC Shares		5,641
1,166,389 Golden Valley share options deemed to be exchanged for GRC share options	8,991
Total consideration	305,957	200,851
Cash and cash equivalents	10,393	6,769
Restricted cash	1,815
Short-term investments	23,360	1,291
Accounts receivable		262
Prepaid and other receivables	2,756	193
Reclamation bond		22
Property, plant & equipment		48
Royalties and other mineral interests	366,102	238,864
Investment in associate	1,360
Accounts payable and accrued liabilities	(5,561)	(3,847)
Derivative liabilities	(691)
Government loan	(48)
Lease obligation		(51)
Deferred income tax liability	(93,529)	(42,700)
Net assets acquired	$ 305,957	$ 200,851

Summary of Fair Value of Asse_2

Summary of Fair Value of Assets Acquired and Liabilities Assumed (Details) (Parenthetical) $ in Thousands		3 Months Ended
	Nov. 05, 2021 shares	Dec. 31, 2022 USD ($) shares
IfrsStatementLineItems [Line Items]
Number of warrants issued		603,703
Consideration transferred, acquisition | $		$ 213
Cash flow hedges [member]
IfrsStatementLineItems [Line Items]
Consideration transferred, acquisition | $		$ 330
Ely [member]
IfrsStatementLineItems [Line Items]
Number of warrants issued		15,946,732
Golden Valley Share [Member]
IfrsStatementLineItems [Line Items]
Number of warrants issued	1,166,389

Acquisition of Ely, Golden Va_3

Acquisition of Ely, Golden Valley and Abitibi (Details Narrative) $ / shares in Units, $ in Thousands, $ in Millions			3 Months Ended	12 Months Ended
	Nov. 05, 2021 USD ($) shares Royalty	Aug. 23, 2021 USD ($) shares $ / shares	Dec. 31, 2022 USD ($) shares	Sep. 30, 2022 USD ($) shares	Sep. 30, 2021 USD ($) shares	Aug. 23, 2021 CAD ($) shares	Sep. 30, 2020 shares
IfrsStatementLineItems [Line Items]
Cash paid on acquisition		$ 65,016
Options outstanding | shares			8,236,668	6,030,076	3,016,200		0
15,946,732 Ely Warrants deemed to be exchanged for GRC Shares		5,641
Total consideration	$ 305,957	200,851
Risk-free interest rate			1.90%	1.39%	34%
Expected volatility			42.12%	47.99%	37%
Expected dividend yield			0.65%	0.14%	0%
Consulting fees			$ 158	$ 4,125	$ 2,677
Recognized share-based compensation			1,078	$ 3,146	$ 2,995
Share consideration			$ 213
Ely [member]
IfrsStatementLineItems [Line Items]
15,946,732 Ely Warrants deemed to be exchanged for GRC Shares		5,641
Total consideration		$ 2,603
Golden Valley and Abitibi [member]
IfrsStatementLineItems [Line Items]
Number of shares issued | shares	61,104,200
Business acquisition, shares issued | shares	61,104,200
Options outstanding | shares	1,166,389
Number of options issued | shares	2,498,045
Total consideration	$ 305,957
Consulting Fees	3,000
Acquisitions Through Business Combinations Cash and Marketable Securities	$ 34,922
Risk-free interest rate			0.40%
Expected life			4 years 1 month 6 days
Expected volatility			37%
Expected dividend yield			0%
Estimated forfeiture rate			0%
Golden Valley and Abitibi [member] | Canadian Malartic Property [Member]
IfrsStatementLineItems [Line Items]
Royalties acquired | Royalty	4
Net profit interest royalty percentage	15%
Golden Valley and Abitibi [member] | Canadian Malartic Property [Member] | Royalty One [Member]
IfrsStatementLineItems [Line Items]
Net smelter return royalty percentage	1.50%
Golden Valley and Abitibi [member] | Canadian Malartic Property [Member] | Royalty Two [Member]
IfrsStatementLineItems [Line Items]
Net smelter return royalty percentage	2%
Golden Valley and Abitibi [member] | Canadian Malartic Property [Member] | Royalty Three [Member]
IfrsStatementLineItems [Line Items]
Net smelter return royalty percentage	3%
Golden Valley and Abitibi [member] | Cheechoo Project [Member] | Minimum [Member]
IfrsStatementLineItems [Line Items]
Net smelter return royalty percentage	2.50%
Golden Valley and Abitibi [member] | Cheechoo Project [Member] | Maximum [Member]
IfrsStatementLineItems [Line Items]
Net smelter return royalty percentage	4%
Golden Valley [Member]
IfrsStatementLineItems [Line Items]
Number of shares issued | shares	2.1417
Abitibi [Member]
IfrsStatementLineItems [Line Items]
Number of shares issued | shares	4.6119
GRC Shares [member]
IfrsStatementLineItems [Line Items]
Number of shares issued on acquisition | shares		30,902,176
Cash paid on acquisition		$ 65,000				$ 84
Share price | $ / shares		$ 4.22
Risk-free interest rate		0.40%
Expected life		1 year 10 months 28 days
Expected volatility		37%
Expected dividend yield		0%
Estimated forfeiture rate		0%
Weighted average fair value | $ / shares		$ 0.35
Ely Warrant [member]
IfrsStatementLineItems [Line Items]
Number of warrants issued to purchase shares | shares		15,946,732
Exercise price of shares | $ / shares		$ 0.2450
Exercise price of shares | $ / shares		$ 0.0001
Warrants exercisable | shares		3,906,949				3,906,949
15,946,732 Ely Warrants deemed to be exchanged for GRC Shares		$ 3,038
Ely Shares [member]
IfrsStatementLineItems [Line Items]
Transaction costs			$ 2,900
Advisory and consulting fees			1,900
Consulting fees			1,000
Recognized share-based compensation			543
Payment from cash consideration			330
Share consideration			$ 213

Summary of Cash and Cash Equiva

Summary of Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Disclosure Of Cash And Cash Equivalents [Abstract]
Total	$ 5,847	$ 7,048	$ 9,905	$ 38

Summary of Short-term investmen

Summary of Short-term investments (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Sep. 30, 2021
Short-term Investment [Abstract]
Beginning Balance	$ 7,199	$ 1,118
Acquisition of marketable securities in merger with Ely			$ 1,291
Acquisition of Golden Valley and Abitibi		23,360
Addition	112	949
Dispositions	(4,531)	(17,659)
Fair value change due to price change	481	(619)	(168)
Fair value change due to foreign exchange	579	50	(5)
Ending Balance	$ 3,840	$ 7,199	$ 1,118

Short-term investments (Details

Short-term investments (Details Narrative) $ / shares in Units, $ in Thousands, $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2022 USD ($)	Sep. 30, 2022 USD ($) Unit $ / Unit shares	Sep. 30, 2022 CAD ($) Unit $ / shares $ / Unit shares
IfrsStatementLineItems [Line Items]
Shares received from optionees as property option payments | $	$ 68
Fair values of marketable securities disposed | $	$ 4,531	$ 17,659
Monarch Mining Corporation [member]
IfrsStatementLineItems [Line Items]
Number of units acquired | Unit		1,666,667	1,666,667
Short-term investments purchased price per unit | $ / Unit		0.60	0.60
Short-term investments purchased cost		$ 799	$ 1
Number of common share consists of each unit | shares		1	1
Number of transferable common share purchase warrant consists of each unit | shares		1	1
Short-term investments purchased, value of additional common share for period of 60 months following the date of issuance thereof | $ / shares			$ 0.95

Schedule of Royalty and Other M

Schedule of Royalty and Other Mineral Interests (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Sep. 30, 2021
Schedule Of Royalties
Beginning balance	$ 668,288	$ 264,545	$ 0
Additions	57	45,008	25,496
Disposal	(76)	(10)
Acquisition		366,102	238,864
Depletion	(216)	(1,756)	(164)
Foreign currency translation			379
Property option payments received	(549)	(1,780)	(30)
Impairment		(3,821)
Ending balance	$ 667,504	$ 668,288	$ 264,545

Royalty and Other Mineral Int_3

Royalty and Other Mineral Interests (Details Narrative) $ in Thousands

3 Months Ended

12 Months Ended

Dec. 01, 2022 Property

Apr. 06, 2022 USD ($) $ / Unit

Mar. 01, 2022 USD ($) shares

Jan. 14, 2022 USD ($)

Jul. 23, 2021 USD ($) $ / Unit

Jul. 23, 2021 CAD ($) $ / Unit

Nov. 27, 2020 USD ($) shares Property

Dec. 31, 2022 USD ($)

Sep. 30, 2022 USD ($)

Sep. 30, 2021 USD ($)

Sep. 27, 2022 USD ($) shares

May 25, 2022 shares

Apr. 06, 2022 CAD ($)

Nov. 05, 2021 USD ($)

Aug. 23, 2021 USD ($)

Jul. 23, 2021 CAD ($)

IfrsStatementLineItems [Line Items]

Option payments received

$ 648,000

$ 2,230,000

Option payments received from royalty and other mineral interests

549,000

1,780,000

$ 30,000

Revenue

99,000

450,000

Option payment settled by marketable securities

68,000

150,000

Consideration paid/received

213,000

Cash consideration

$ 65,016,000

Fair value of puchase consideration

$ 305,957,000

$ 200,851,000

Impairment charge

3,821,000

USA [Member]

IfrsStatementLineItems [Line Items]

Option payments received

641,000

Monarch Mining Corporation [member]

IfrsStatementLineItems [Line Items]

Impairment charge

$ 0

Definitive Agreement [member] | Monarch Mining Corporation [member]

IfrsStatementLineItems [Line Items]

Consideration paid/received

$ 9,000,000

$ 11,250

Consideration payable

3,000,000

$ 3,750

Fair value of puchase consideration

$ 12,000,000

15,000

Additional royalty financing

$ 3,587,000

$ 4,500

Additional equity financing

$ 799,000

$ 1,000

Royalty interest rate per tonne | $ / Unit

3.75

2.50

2.50

Acquisition description

Monarch has the right to repurchase a 1.25% NSR on each of the Croinor Gold, McKenzie Break and Swanson properties for C$2 million per property. Such rights may only be exercised by Monarch for a period of 30 days after December 31, 2027 after the gold price as quoted by the London Bullion Market exceeds $2,000 per ounce continuously for 30 consecutive days.

Monarch has the right to repurchase a 1.25% NSR on each of the Croinor Gold, McKenzie Break and Swanson properties for C$2 million per property. Such rights may only be exercised by Monarch for a period of 30 days after December 31, 2027 after the gold price as quoted by the London Bullion Market exceeds $2,000 per ounce continuously for 30 consecutive days.

On July 23, 2021, the Company entered into a definitive agreement with Monarch Mining Corporation ("Monarch") to acquire a portfolio of gold royalty interests, including a C$2.50 per tonne royalty on material processed through Monarch's Beacon mill originating from the Beaufor mine operations, a 2.5% NSR on each of Monarch's Croinor Gold, McKenzie Break and Swanson properties, and a 1% NSR on Monarch's Beaufor property.

Acquisition of royalty interest per tonne | $ / Unit

2.50

2.50

Royalty interest right to repurchase amount per property

$ 2,000

Royalty Purchase Agreement [member] | GoldMining [member]

IfrsStatementLineItems [Line Items]

issued or Issuance shares | shares

15,000,000

Fair value of puchase consideration

$ 13,076,000

Number of gold properties | Property

17

Royalty Purchase Agreement [member] | GoldMining [member] | Minimum [Member]

IfrsStatementLineItems [Line Items]

Net smelter return royalty percentage

0.50%

Royalty Purchase Agreement [member] | GoldMining [member] | Maximum [Member]

IfrsStatementLineItems [Line Items]

Net smelter return royalty percentage

2%

VZZ Agreement [Member] | Val-d Or Mining Corp [Member]

IfrsStatementLineItems [Line Items]

Number of prospective properties held to sell and generate royalties | Property

12

Carrying value of asset held

$ 321,000

Percentage of retain rights on royalty net smelter return

1.50%

Percentage of outstanding common shares

35%

VZZ Agreement [Member] | Val-d Or Mining Corp [Member] | Minimum [Member]

IfrsStatementLineItems [Line Items]

Percentage of outstanding common shares on first refusal on royalty interest

10%

Net smelter return royalty percentage

0.50%

VZZ Agreement [Member] | Val-d Or Mining Corp [Member] | Maximum [Member]

IfrsStatementLineItems [Line Items]

Net smelter return royalty percentage

1%

Nevada Gold Mines LLC ("NGM") [member]

IfrsStatementLineItems [Line Items]

Fair value of puchase consideration

$ 21,512,000

Number of shares issued | shares

9,393,681

Rawhide [member]

IfrsStatementLineItems [Line Items]

Impairment charge

3,821,000

Cote Gold Project [member]

IfrsStatementLineItems [Line Items]

Consideration paid/received

$ 15,832,000

Cash consideration

$ 15,000,000

issued or Issuance shares | shares

207,449

Fair value of puchase consideration

$ 832,000

Number of shares issued | shares

50,000

Royalty percentage own description

0.75% NSR

Cote Gold Project [member] | Ontario And Canada [Member]

IfrsStatementLineItems [Line Items]

Royalty percentage owned

0.75%

Granite Creek Mine [member] | Nevada Gold Mines LLC ("NGM") [member] | i-80 Gold Corp., [member]

IfrsStatementLineItems [Line Items]

Royalty percentage own description

10% NPI royalty on Granite Creek Mine operated by i-80 Gold Corp., payable after 120,000 oz of gold or equivalent is cumulatively produced from the project

Percentage of NPI royalty

10%

Bald Mountain Mine [member] | Nevada Gold Mines LLC ("NGM") [member] | Kinross Gold Corporation ("Kinross") [member]

IfrsStatementLineItems [Line Items]

Royalty percentage own description

2.0% NSR royalty on the Bald Mountain Mine operated by Kinross Gold Corporation ("Kinross"), payable after 10 million ounces of gold have been produced from the properties

Net smelter return royalty percentage

2%

Bald Mountain Joint Venture Zone [member] | Nevada Gold Mines LLC ("NGM") [member] | Kinross Gold Corporation ("Kinross") [member]

IfrsStatementLineItems [Line Items]

Net smelter return royalty percentage

1.25%

Eldorado Project [member] | Nevada Select Royalty, Inc., [member]

IfrsStatementLineItems [Line Items]

Percentage of mineral interest disposed in exchange of royalty interest

100%

Consideration paid/received

$ 75,000

Cash consideration

$ 2,000,000

Net smelter return royalty percentage

3%

Term of agreement

5 years

Eldorado Project [member] | Nevada Select Royalty, Inc., [member] | Cash Payments On or Before January 14, 2023 [member]

IfrsStatementLineItems [Line Items]

Consideration received/receivable

$ 125,000

Eldorado Project [member] | Nevada Select Royalty, Inc., [member] | Cash Payments On or Before January 14, 2024 [member]

IfrsStatementLineItems [Line Items]

Consideration received/receivable

400,000

Eldorado Project [member] | Nevada Select Royalty, Inc., [member] | Cash Payments On or Before January 14, 2025 [member]

IfrsStatementLineItems [Line Items]

Consideration received/receivable

400,000

Eldorado Project [member] | Nevada Select Royalty, Inc., [member] | Cash Payments On or Before January 14, 2026 [member]

IfrsStatementLineItems [Line Items]

Consideration received/receivable

500,000

Eldorado Project [member] | Nevada Select Royalty, Inc., [member] | Cash Payments On or Before January 14, 2027 [member]

IfrsStatementLineItems [Line Items]

Consideration received/receivable

$ 500,000

McKenzie Break, Croinor Gold, and Swanson properties [member] | Definitive Agreement [member] | Monarch Mining Corporation [member]

IfrsStatementLineItems [Line Items]

Net smelter return royalty percentage

2.75%

2.50%

2.75%

2.50%

Net smelter return royalty buyback rights percentage

1.25%

1.25%

Beaufor Project [member] | Definitive Agreement [member] | Monarch Mining Corporation [member]

IfrsStatementLineItems [Line Items]

Net smelter return royalty percentage

1%

1%

Croinor Gold Project [Member]

IfrsStatementLineItems [Line Items]

Number of shares issued | shares

207,449

50,000

Croinor Gold Project [Member] | Definitive Agreement [member] | Monarch Mining Corporation [member]

IfrsStatementLineItems [Line Items]

Net smelter return royalty percentage

2.50%

2.50%

Royalty interest rate per tonne | $ / Unit

1.25

Royalty interest right to repurchase on net smelter return percentage

1.25%

1.25%

McKenzie Break [Member] | Definitive Agreement [member] | Monarch Mining Corporation [member]

IfrsStatementLineItems [Line Items]

Net smelter return royalty percentage

2.50%

2.50%

Royalty interest rate per tonne | $ / Unit

1.25

Royalty interest right to repurchase on net smelter return percentage

1.25%

1.25%

Swanson [Member] | Definitive Agreement [member] | Monarch Mining Corporation [member]

IfrsStatementLineItems [Line Items]

Net smelter return royalty percentage

2.50%

2.50%

Royalty interest rate per tonne | $ / Unit

1.25

Royalty interest right to repurchase on net smelter return percentage

1.25%

1.25%

Beaufor Mine [Member]

IfrsStatementLineItems [Line Items]

Royalty percentage own description

1.0% NSR

Beaufor Mine [Member] | Monarch Mining Corporation [member]

IfrsStatementLineItems [Line Items]

Carrying values of royalties held

$ 4,712,000

Jerritt Canyon Mine [Member]

IfrsStatementLineItems [Line Items]

Carrying value of asset held

$ 8,393,000

Royalty percentage own description

0.5% NSR

Percentage of post tax real discount rate

5%

Impairment loss

$ 0

Consensus pricing [member] | Jerritt Canyon Mine [Member]

IfrsStatementLineItems [Line Items]

Average gold price

1,688,000

Summary of Royalty Schedule (De

Summary of Royalty Schedule (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Sep. 30, 2021
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests cost	$ 670,208,000
Royalty and other mineral interest cost	675,819,000	$ 264,709,000
Royalty and other mineral interest additions	57,000	411,110,000
Royalty and other mineral interest cost	670,265,000	675,819,000	$ 264,709,000
Royalty accumulated depletion	(1,920,000)	(164,000)
Depletion	(216,000)	(1,756,000)	(164,000)
Royalty accumulated depletion	(2,136,000)	(1,920,000)	(164,000)
Disposition	(76,000)	10
Impairment		(3,821,000)
Option payments	(549,000)	(1,780,000)
Total	(625,000)	(5,611,000)
Balance at September 30, 2022	667,504,000	668,288,000
Beaufor [member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests cost	1,235,000
Royalty and other mineral interest cost	1,235,000	1,235,000
Royalty and other mineral interest cost	1,235,000	1,235,000	1,235,000
Balance at September 30, 2022	1,235,000	1,235,000
Borden [Member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests cost	3,889,000
Royalty and other mineral interest cost	3,889,000	1,108,000
Royalty and other mineral interest additions		2,781,000
Royalty and other mineral interest cost	3,889,000	3,889,000	1,108,000
Royalty accumulated depletion	(539,000)
Depletion	(47,000)	(539,000)
Royalty accumulated depletion	(586,000)	(539,000)
Balance at September 30, 2022	3,303,000	3,350,000
Cheechoo [Member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests cost	12,640,000
Royalty and other mineral interest cost	12,640,000
Royalty and other mineral interest additions		12,640,000
Royalty and other mineral interest cost	12,640,000	12,640,000
Balance at September 30, 2022	12,640,000	12,640,000
Cote [Member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests cost	16,132,000
Royalty and other mineral interest cost	16,132,000
Royalty and other mineral interest additions		16,132,000
Royalty and other mineral interest cost	16,132,000	16,132,000
Balance at September 30, 2022	16,132,000	16,132,000
Croinor [member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests cost	5,779,000
Royalty and other mineral interest cost	5,779,000	5,330,000
Royalty and other mineral interest additions		449,000
Royalty and other mineral interest cost	5,779,000	5,779,000	5,330,000
Balance at September 30, 2022	5,779,000	5,779,000
Fenelon [member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests cost	41,553,000
Royalty and other mineral interest cost	41,553,000	41,553,000
Royalty and other mineral interest cost	41,553,000	41,553,000	41,553,000
Balance at September 30, 2022	41,553,000	41,553,000
Gold Rock [member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests cost	3,275,000
Royalty and other mineral interest cost	3,275,000	3,275,000
Royalty and other mineral interest cost	3,275,000	3,275,000	3,275,000
Balance at September 30, 2022	3,275,000	3,275,000
Granite Creek [Member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests cost	21,768,000
Royalty and other mineral interest cost	21,768,000
Royalty and other mineral interest additions		21,768,000
Royalty and other mineral interest cost	21,768,000	21,768,000
Balance at September 30, 2022	21,768,000	21,768,000
Hog Ranch [member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests cost	12,879,000
Royalty and other mineral interest cost	12,879,000	12,879,000
Royalty and other mineral interest cost	12,879,000	12,879,000	12,879,000
Balance at September 30, 2022	12,879,000	12,879,000
Jerritt Canyon [member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests cost	8,921,000
Royalty and other mineral interest cost	8,921,000	8,921,000
Royalty and other mineral interest cost	8,921,000	8,921,000	8,921,000
Royalty accumulated depletion	(528,000)	(74,000)
Depletion	(21,000)	(454,000)
Royalty accumulated depletion	(549,000)	(528,000)	(74,000)
Balance at September 30, 2022	8,372,000	8,393,000
Lincoln Hill [member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests cost	5,421,000
Royalty and other mineral interest cost	5,289,000	5,289,000
Royalty and other mineral interest cost	5,421,000	5,289,000	5,289,000
Transfer		132,000
Total		132,000
Balance at September 30, 2022	5,421,000	5,421,000
Malartic [Member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests cost	318,393,000
Royalty and other mineral interest cost	318,393,000
Royalty and other mineral interest additions		318,393,000
Royalty and other mineral interest cost	318,393,000	318,393,000
Royalty accumulated depletion	(691,000)
Depletion	(126,000)	(691,000)
Royalty accumulated depletion	(817,000)	(691,000)
Balance at September 30, 2022	317,576,000	317,702,000
Marigold [member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests cost	1,261,000
Royalty and other mineral interest cost	1,261,000	1,261,000
Royalty and other mineral interest cost	1,261,000	1,261,000	1,261,000
Royalty accumulated depletion	(84,000)	(84,000)
Royalty accumulated depletion	(84,000)	(84,000)	(84,000)
Balance at September 30, 2022	1,177,000	1,177,000
McKenzie Break [Member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests cost	4,301,000
Royalty and other mineral interest cost	4,301,000	4,010,000
Royalty and other mineral interest additions		291,000
Royalty and other mineral interest cost	4,301,000	4,301,000	4,010,000
Balance at September 30, 2022	4,301,000	4,301,000
Railroad-Pinion [member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests cost	3,032,000
Royalty and other mineral interest cost	3,032,000	3,032,000
Royalty and other mineral interest cost	3,032,000	3,032,000	3,032,000
Balance at September 30, 2022	3,032,000	3,032,000
Rawhide [member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interest cost	3,821,000	3,821,000
Royalty and other mineral interest cost		3,821,000	3,821,000
Impairment		(3,821,000)
Total		(3,821,000)
REN (Net Profit Interest) [member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests cost	21,017,000
Royalty and other mineral interest cost	21,017,000	21,017,000
Royalty and other mineral interest cost	21,017,000	21,017,000	21,017,000
Balance at September 30, 2022	21,017,000	21,017,000
REN (Net Smelter Return) [member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests cost	42,921,000
Royalty and other mineral interest cost	42,365,000	42,365,000
Royalty and other mineral interest cost	42,921,000	42,365,000	42,365,000
Transfer		556
Total		556,000
Balance at September 30, 2022	42,921,000	42,921,000
Sao Jorge [member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests cost	2,274,000
Royalty and other mineral interest cost	2,274,000	2,274,000
Royalty and other mineral interest cost	2,274,000	2,274,000	2,274,000
Balance at September 30, 2022	2,274,000	2,274,000
Titiribi [member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests cost	3,010,000
Royalty and other mineral interest cost	3,010,000	3,010,000
Royalty and other mineral interest cost	3,010,000	3,010,000	3,010,000
Balance at September 30, 2022	3,010,000	3,010,000
Whistler [member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests cost	2,575,000
Royalty and other mineral interest cost	2,575,000	2,575,000
Royalty and other mineral interest cost	2,575,000	2,575,000	2,575,000
Balance at September 30, 2022	2,575,000	2,575,000
Yellowknife [member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests cost	1,870,000
Royalty and other mineral interest cost	1,870,000	1,870,000
Royalty and other mineral interest cost	1,870,000	1,870,000	1,870,000
Balance at September 30, 2022	1,870,000	1,870,000
Others [member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests cost	136,062,000
Royalty and other mineral interest cost	138,540,000	99,884,000
Royalty and other mineral interest additions	57,000	38,656,000
Royalty and other mineral interest cost	136,119,000	138,540,000	99,884,000
Royalty accumulated depletion	(78,000)	(6,000)
Depletion	(22,000)	(72,000)
Royalty accumulated depletion	(100,000)	(78,000)	$ (6,000)
Transfer		(688)
Disposition	(76,000)	10
Option payments	(549,000)	(1,780,000)
Total	(625,000)	(2,478,000)
Balance at September 30, 2022	$ 135,394,000	$ 135,984,000

Summary of Royalty Schedule (Pa

Summary of Royalty Schedule (Parenthetical) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests	$ 667,504	$ 668,288	$ 264,545	$ 0
Non-depletable Royalties [member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests	479,494	480,085
Depletable Royalties [member]
IfrsStatementLineItems [Line Items]
Royalty and other mineral interests	$ 188,010	$ 188,203

Summary of Selected Royalties O

Summary of Selected Royalties Own by the Company (Details)	3 Months Ended
	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Property description	Key Developing
Borden Mine [Member]
IfrsStatementLineItems [Line Items]
Property description	Borden Mine
Jurisdiction	Ontario, Canada
Royalty Percentage Own Description	0.5% NSR
Canadian Malartic Property (open pit) [Member]
IfrsStatementLineItems [Line Items]
Property description	Canadian Malartic Property (open pit)
Jurisdiction	Québec, Canada
Royalty Percentage Own Description	2.0% – 3.0% NSR
Jerritt Canyon Mine [Member]
IfrsStatementLineItems [Line Items]
Property description	Jerritt Canyon Mine
Jurisdiction	Nevada, USA
Royalty Percentage Own Description	0.5% NSR
Jerritt Canyon Mine (Per Ton Royalty) [Member]
IfrsStatementLineItems [Line Items]
Property description	Jerritt Canyon Mine (Per Ton Royalty)
Jurisdiction	Nevada, USA
Royalty Percentage Own Description	$0.15 – $0.40 Per Ton Royalty
Marigold Mine [Member]
IfrsStatementLineItems [Line Items]
Property description	Marigold Mine
Jurisdiction	Nevada, USA
Royalty Percentage Own Description	0.75% NSR
Granite Creek [Member]
IfrsStatementLineItems [Line Items]
Property description	Granite Creek
Jurisdiction	Nevada, USA
Royalty Percentage Own Description	10% NPI
Isabella Pearl Mine [Member]
IfrsStatementLineItems [Line Items]
Property description	Isabella Pearl Mine
Jurisdiction	Nevada, USA
Royalty Percentage Own Description	0.375% Gross Revenue Royalty
Beaufor Mine [Member]
IfrsStatementLineItems [Line Items]
Property description	Beaufor Mine
Jurisdiction	Québec, Canada
Royalty Percentage Own Description	1.0% NSR
Beaufor-Beacon Mill (Per Tonne Royalty ("PTR")) [Member]
IfrsStatementLineItems [Line Items]
Property description	Beaufor-Beacon Mill (Per Tonne Royalty (“PTR”))
Jurisdiction	Québec, Canada
Royalty Percentage Own Description	C$1.25 – C$3.75 PTR
Cote Gold Project [Member]
IfrsStatementLineItems [Line Items]
Property description	Côté Gold Project
Jurisdiction	Ontario, Canada
Royalty Percentage Own Description	0.75% NSR
Fenelon Gold Property [Member]
IfrsStatementLineItems [Line Items]
Property description	Fenelon Gold Property
Jurisdiction	Québec, Canada
Royalty Percentage Own Description	2.0% NSR
Gold Rock Project [Member]
IfrsStatementLineItems [Line Items]
Property description	Gold Rock Project
Jurisdiction	Nevada, USA
Royalty Percentage Own Description	0.5% NSR
Hog Ranch Project [Member]
IfrsStatementLineItems [Line Items]
Property description	Hog Ranch Project
Jurisdiction	Nevada, USA
Royalty Percentage Own Description	2.25% NSR
La Mina Project [Member]
IfrsStatementLineItems [Line Items]
Property description	La Mina Project
Jurisdiction	Colombia
Royalty Percentage Own Description	2.0% NSR
Lincoln Hill Project [Member]
IfrsStatementLineItems [Line Items]
Property description	Lincoln Hill Project
Jurisdiction	Nevada, USA
Royalty Percentage Own Description	2.0% NSR
Canadian Malartic - Odyssey Project (1) (underground) [Member]
IfrsStatementLineItems [Line Items]
Property description	Canadian Malartic - Odyssey Project (1) (underground)
Jurisdiction	Québec, Canada
Royalty Percentage Own Description	3.0% NSR
Railroad-Pinion Project [Member]
IfrsStatementLineItems [Line Items]
Property description	Railroad-Pinion Project
Jurisdiction	Nevada, USA
Royalty Percentage Own Description	0.44% NSR
REN - Carline Mines [Member]
IfrsStatementLineItems [Line Items]
Property description	REN - Carline Mines
Jurisdiction	Nevada, USA
Royalty Percentage Own Description	1.5% NSR
REN - Carline Mines (NPI)
IfrsStatementLineItems [Line Items]
Property description	REN - Carline Mines (NPI)
Jurisdiction	Nevada, USA
Royalty Percentage Own Description	3.5% NPI
Sao Jorge Project [member]
IfrsStatementLineItems [Line Items]
Property description	São Jorge Project
Jurisdiction	Brazil
Royalty Percentage Own Description	1.0% NSR
Sleeper Project [Member]
IfrsStatementLineItems [Line Items]
Property description	Sleeper Project
Jurisdiction	Nevada, USA
Royalty Percentage Own Description	0.33% NSR

Long-term investments (Details

Long-term investments (Details Narrative) $ in Thousands, $ in Millions	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CAD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2022 CAD ($)	Nov. 05, 2021 USD ($)	Aug. 23, 2021 USD ($)
IfrsStatementLineItems [Line Items]
Investment on equity interest					$ 305,957	$ 200,851
Prospector Royalty Corp. [Member]
IfrsStatementLineItems [Line Items]
Investment on equity interest	$ 1,587	$ 2	$ 1,587	$ 2
Equity interest invested	12.50%	12.50%

Investment in associate (Detail

Investment in associate (Details Narrative)			3 Months Ended
	Mar. 18, 2022 Unit $ / shares $ / Unit	Nov. 05, 2021 shares	Dec. 31, 2022	Sep. 30, 2022 $ / shares	Sep. 30, 2021 $ / shares
Disclosure of associates [line items]
Warrant exercise price				$ 7.50	$ 7.50
Val-d'Or Mining Corporation [Member]
Disclosure of associates [line items]
Equity interest percentage in associate			35.59%
Golden Valley [Member] | Val-d'Or Mining Corporation [Member]
Disclosure of associates [line items]
Number of marketable shares acquired | shares		25,687,444
Number of units acquired | Unit	3,277,606
Marketable securities acquisition price per unit | $ / Unit	0.16
Units acquired description			Each unit is comprised of one common share and one-half of one common share purchase warrant.
Warrant exercise price	$ 0.20
Warrant exercise expiration date	Mar. 18, 2024

Summary of Changes to Investmen

Summary of Changes to Investment (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022
Disclosure of associates [abstract]
Beginning Balance	$ 1,429	$ 0
Acquisition of Golden Valley		1,360
Addition		409
Share of loss in associate	1	(296)
Dilution gain		100
Translation gain	29	(144)
Ending Balance	$ 1,459	$ 1,429

Summary of Movement in Derivati

Summary of Movement in Derivative Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Sep. 30, 2021
Disclosure Of Derivative Financial Instruments [Abstract]
Beginning Balance	$ 528	$ 4,549
Acquisition of Ely and Abitibi		691	$ 3,038
Exercise of Ely warrants		(124)
Repurchase of Abitibi call options	(8)
Change in fair value during the year	(278)	(4,588)	1,511
Ending Balance	$ 242	$ 528	$ 4,549

Derivative liabilities (Details

Derivative liabilities (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Sep. 30, 2021	Nov. 05, 2021
IfrsStatementLineItems [Line Items]
Fair value of put and call options on business combination				$ 691
Risk-free interest rate	1.90%	1.39%	34%
Expected volatility	42.12%	47.99%	37%
Expected dividend yield	0.65%	0.14%	0%
Fair value gain (loss) on change in fair value of derivative liabilities	$ 278	$ 4,588	$ (1,511)
Ely Warrants [member]
IfrsStatementLineItems [Line Items]
Warrants to purchase common shares outstanding	8,849,251	8,849,251
Exercise of warrants per common share	0.2450	0.2450
Additional exercise price of per warrants in cash	$ 0.0001	$ 0.0001
Expected Life Of Warrant	4 months 20 days	7 months 20 days	1 year 7 months 20 days
Fair value gain (loss) on change in fair value of derivative liabilities	$ 294	$ 3,999	$ 1,511
Ely Warrants [member] | Interest rate, measurement input [member]
IfrsStatementLineItems [Line Items]
Risk-free interest rate	4.02%	3.75%	0.23%
Ely Warrants [member] | Historical volatility for shares, measurement input [member]
IfrsStatementLineItems [Line Items]
Expected volatility	41%	40%	43%
Ely Warrants [member] | Expected dividend yield [member]
IfrsStatementLineItems [Line Items]
Expected dividend yield	0%	0%	0%
Ely Warrants [member] | Estimated forfeiture rate [member]
IfrsStatementLineItems [Line Items]
Estimated forfeiture rate	0%	0%	0%
Abitibi [Member] | Put and Call Options [Member]
IfrsStatementLineItems [Line Items]
Fair value of put and call options on business combination	$ 691
Fair value gain (loss) on change in fair value of derivative liabilities	$ (16)

Bank loan (Details Narrative)

Bank loan (Details Narrative) - Secured Revolving Credit Facility [Member] - USD ($) $ in Thousands	Sep. 14, 2022	Jan. 24, 2022
Disclosure of detailed information about borrowings [line items]
Bank loan availed		$ 10,000
Additional bank loan available		$ 15,000
Standby fee on undrawn portion of bank loan		0.90%
Bank loan maturity date	Mar. 31, 2025	Mar. 31, 2023
Base Rate [Member]
Disclosure of detailed information about borrowings [line items]
Bank loan interest rate margin		3%
SOFR Rate [Member]
Disclosure of detailed information about borrowings [line items]
Bank loan interest rate margin		4%

Schedule of Movement of Bank Lo

Schedule of Movement of Bank Loan (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022
Disclosure of detailed information about borrowings [line items]
Interest paid	$ (197)	$ (342)
Secured Revolving Credit Facility [Member]
Disclosure of detailed information about borrowings [line items]
Beginning balance	9,362
Draw-down		10,000
Less: transaction costs and fees		(597)
Gain on loan modification		(316)
Interest expense	279	617
Interest paid	(193)	(342)
Ending balance	$ 9,448	$ 9,362

Summary of Reconciliation of Pr

Summary of Reconciliation of Provision for Income Taxes Computed at Combined Canadian Federal and Provincial Statutory Rate to Provision for Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Sep. 30, 2021
Disclosure Of Income Tax [Abstract]
Net loss before income taxes	$ (2,639)	$ (17,361)	$ (15,006)
Canadian federal and provincial income tax rates	27%	27%	27%
Income tax recovery based on Canadian federal and provincial income tax rates	$ (713)	$ (4,687)	$ (4,052)
Difference in foreign tax rates	12	210	6
Deferred tax assets (not recognized) recognized	(52)	3,282	2,507
Stock-based compensation	291	849	751
Non-taxable dividends	(5)	(106)
Fair value change in warrant liability	(79)	(1,080)	408
Tax rate difference on fair value in marketable securities	(137)	12
Permanent differences and other	248	1,505	$ 380
Total tax expense (income)	$ (435)	$ (15)

Components of Deferred Income T

Components of Deferred Income Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Sep. 30, 2022	Sep. 30, 2021
Deferred tax assets and (liabilities):
Non-capital losses	$ 1,396	$ 897	$ 591
Capital losses	63	63
Marketable securities	(63)	19	4
Undeducted financing fees	74	86	114
Other deferred tax assets	94	80	192
Royalty assets	(136,261)	(136,241)	(41,762)
Mineral and royalty interests			(1,635)
Other deferred tax liabilities	(391)	(427)	(204)
Deferred income tax liabilities, net	$ (135,088)	$ (135,523)	$ (42,700)

Summary of Deductible Temporary

Summary of Deductible Temporary Differences for Which No Deferred Tax Assets Recognized (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Sep. 30, 2022	Sep. 30, 2021
Disclosure Of Income Tax [Abstract]
Non-capital losses	$ 22,652	$ 22,386	$ 9,341
Marketable securities	2,503	2,704	759
Other deferred tax assets	3,853	4,294	1
Deducted temporary differences recognized	$ 29,008	$ 29,384	$ 10,101

Income taxes (Details Narrative

Income taxes (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022
IfrsStatementLineItems [Line Items]
Assessable profit	$ 0	$ 0
Canadian net operating loss carryforwards	26,780,000
Net operating loss carryforwards	1,232,000
Expire between 2034 and 2036 [Member]
IfrsStatementLineItems [Line Items]
Net operating loss carryforwards	$ 1,071,000

Issued capital (Details Narrati

Issued capital (Details Narrative)											3 Months Ended	12 Months Ended
	Jul. 05, 2022 USD ($) shares	May 19, 2022 USD ($) shares	Mar. 22, 2022 USD ($) shares	Nov. 05, 2021 USD ($) shares	Oct. 12, 2021 USD ($) shares	Aug. 23, 2021 USD ($) shares	Mar. 11, 2021 USD ($) $ / shares shares	Dec. 04, 2020 USD ($) shares	Oct. 19, 2020 shares	Oct. 16, 2020 USD ($) shares	Dec. 31, 2022 USD ($) shares $ / shares	Sep. 30, 2022 USD ($) shares $ / shares	Sep. 30, 2021 USD ($) shares $ / shares	Dec. 31, 2022 shares $ / shares	Sep. 27, 2022 shares	Aug. 15, 2022 USD ($)	May 25, 2022 shares	Mar. 01, 2022 shares	Jan. 18, 2022 $ / shares	Apr. 19, 2021 $ / shares shares
IfrsStatementLineItems [Line Items]
Proceeds from issuance of shares | $								$ 2,849,000					$ 2,849,000
Proceeds from exercise of common share purchase warrants | $												$ 856,000	39,000
Number of stock issued for private placement								1,325,000
Share-based compensation expense | $											$ 1,078,000	$ 3,146,000	$ 2,995,000
Shares issued for acquisition, fair value | $						$ 130,194,000
Shares issued under equity program value | $											$ 0
Restricted shares, description											During the three months ended December 31, 2022, the Company granted 603,703 RSUs at a weighted average value of $2.81 to certain officers, directors, and consultants of the Company. The RSUs vest in three equal annual instalments during the recipient's continual service with the Company. During the year ended September 30, 2022 the Company granted 167,849 RSUs at a weighted average value of $4.91 to certain officers, directors, and consultants of the Company. The RSUs vest in three equal annual instalments during the recipient's continual service with the Company.
Number of warrants issued												10,350,000	10,350,000
Warrant exercise price | $ / shares												$ 7.50	$ 7.50
Weighted average remaining contractual life											3 years 7 months 28 days
Number of Options, Granted											2,271,592	577,031	3,016,200
Weighted Average Exercise Price, Granted | $ / shares											$ 2.58	$ 4.52	$ 4.97
Options exercisable term											5 years	5 years	5 years
Options vesting terms											vest as follows: (a) 25% on the grant date; and (b) 25% on each of the dates that are 6, 12 and 18 months thereafter.	vest as follows: (a) 25% on the grant date; and (b) 25% on each of the dates that are 6, 12 and 18 months thereafter.	vest as follows: (a) 25% on the grant date; and (b) 25% on each of the dates that are 6, 12 and 18 months thereafter.
Share options recognized as share-based compensation expense | $											$ 845,000	$ 1,551,000
Risk-free interest rate											1.90%	1.39%	34%
Expected life (years)											2 years 11 months 4 days	2 years 10 months 13 days	2 years 11 months 26 days
Expected volatility											42.12%	47.99%	37%
Expected dividend yield											0.65%	0.14%	0%
Estimated forfeiture rate											1.72%	0.50%	1.98%
Share-based compensation expense | $											$ 291,000	$ 849,000	$ 751,000
Dividend paid, amount | $											$ 1,439,000	4,032,000
Quarterly cash dividend declared per common share | $ / shares																			$ 0.01
Number of shares issued											603,703
Restricted Stock Units [member]
IfrsStatementLineItems [Line Items]
Share-based compensation expense | $											$ 201,000	$ 341,000
Number of shares issued												167,849
Weighted average value | $ / shares											$ 2.81	$ 4.91
Restricted Shares [Member]
IfrsStatementLineItems [Line Items]
Share-based compensation expense | $											$ 0	$ 276,000
Number of restricted shares issued									1,500,000
Performance condition one, description									with respect to one-third of the Restricted Shares awarded to the holder, if the Company's initial public offering or any liquidity event (being any liquidation, dissolution or winding-up of the Company or distribution of all or substantially all of the Company's assets among shareholders or a change of control transaction) occurs that values the Company at a minimum of $50,000,000 (condition met)
Performance condition two, description									with respect to one-third of the Restricted Shares awarded to the holder, if the Company receives $1,000,000 of royalty payments under any of the Company's royalty interests prior to October 19, 2023 (condition met)
Performance condition three, description									with respect to one-third of the Restricted Shares awarded to the holder, if the holder continues to be a director, officer, employee or consultant of the Company or an entity that is under common control with the Company for a period of one year after the initial public offering is completed (condition met)
Warrants [member]
IfrsStatementLineItems [Line Items]
Weighted average remaining contractual life												1 year 2 months 8 days
Ely Warrants [member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding														11,518,252
Weighted average remaining contractual life											7 months 9 days
Shares issued for warrant exercisable											2,821,971
Warrants exercisable exchange ratio											2.4500
Weighted average exercise price | $ / shares														$ 4.31
Long-term Incentive Plan [Member]
IfrsStatementLineItems [Line Items]
Percentage of shares issuable under plan														10%
Marketing Services [Member]
IfrsStatementLineItems [Line Items]
Number of shares issued		39,435	39,435
Expense from share-based payment transaction with non-employees | $											$ 0	$ 148,000
Fair value of stock issued for services | $		$ 148,000	$ 148,000
Marketing Services Issued On July 5, 2022 [Member]
IfrsStatementLineItems [Line Items]
Number of shares issued	56,757
Expense from share-based payment transaction with non-employees | $											$ 32,000	$ 31,000
Fair value of stock issued for services | $	$ 125,000
Share Options Granted Tranche One [Member]
IfrsStatementLineItems [Line Items]
Number of Options, Granted											30,000	404,517	2,505,000
Exercise price of share options granted | $ / shares											$ 2.13	$ 4.93	$ 5
Share Options Granted Tranche Two [Member]
IfrsStatementLineItems [Line Items]
Number of Options, Granted											5,000	5,000	305,000
Exercise price of share options granted | $ / shares											$ 2.49	$ 4.62	$ 4.78
Share Options Granted Tranche Three [Member]
IfrsStatementLineItems [Line Items]
Number of Options, Granted											2,236,592	100,000	206,200
Exercise price of share options granted | $ / shares											$ 2.59	$ 4.14	$ 4.85
Share Options Granted Tranche Four [Member]
IfrsStatementLineItems [Line Items]
Number of Options, Granted												17,514
Exercise price of share options granted | $ / shares												$ 3.06
Share Options Granted Tranche Five [Member]
IfrsStatementLineItems [Line Items]
Number of Options, Granted												25,000
Exercise price of share options granted | $ / shares												$ 2.73
Share Options Granted Tranche Six [Member]
IfrsStatementLineItems [Line Items]
Number of Options, Granted												25,000
Exercise price of share options granted | $ / shares												$ 2.16
Ely Gold Royalties Inc [member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance of shares | $						$ 130,194,000
Proceeds from exercise of common share purchase warrants | $												$ 856,000
Number of shares issued						30,902,176						402,938		0
Number of warrants exercised												1,644,649
Golden Valley and Abitibi [member]
IfrsStatementLineItems [Line Items]
Number of shares issued				61,104,200
Fair value of shares issued for acquisition | $				$ 296,966,000
Number of options issued				2,498,045
Risk-free interest rate											0.40%
Expected volatility											37%
Expected dividend yield											0%
Nevada Gold Mines LLC [Member]
IfrsStatementLineItems [Line Items]
Number of shares issued															9,393,681
Croinor Gold Project [member]
IfrsStatementLineItems [Line Items]
Number of shares issued																	50,000	207,449
Percentage of net smelter return royalty																		0.75%
Gold Mining Inc [member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance of shares | $										$ 50,000
Number of shares issued										5,000,000
At the Market Program [Member]
IfrsStatementLineItems [Line Items]
Maximum shares to be sold under equity program value | $																$ 50,000,000
Blender Media Inc. [member]
IfrsStatementLineItems [Line Items]
Share-based compensation expense | $											$ 0	$ 626,000
Stock issued for services, shares					120,000
Fair value of stock issued for services | $					$ 626,000
Underwriters [member]
IfrsStatementLineItems [Line Items]
Issued price per share | $ / shares							$ 5
Purchase price of warrants | $ / shares							$ 7.50
Number of shares issued under initial public offering							18,000,000
Proceeds from issuance of shares | $							$ 90,000,000
Underwriters [member] | Over Allotment Option [member]
IfrsStatementLineItems [Line Items]
Number of common shares issued to purchase warrants							1,350,000
Number of shares issued under initial public offering							721,347
Proceeds from issuance of shares | $							$ 3,603,000
Gross proceeds from shares issued to purchase warrants | $							$ 14,000
Service Provider [member]
IfrsStatementLineItems [Line Items]
Shares issued price per share | $ / shares																				$ 4.60
Number of shares issued																				75,000
Share-based compensation expense | $											$ 0	$ 173,000

Summary of Warrants and Share O

Summary of Warrants and Share Options (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Sep. 30, 2021
IfrsStatementLineItems [Line Items]
Balance	$ 536,219	$ 225,318	$ (141)
Underwriters' fees and issuance costs			(5,570)
Exercise of Ely Warrants		856	39
Share-based compensation - share options	845	1,551	2,199
Balance	533,651	536,219	225,318
Warrant reserve [member]
IfrsStatementLineItems [Line Items]
Balance	8,292	9,205	0
Common share purchase warrants issued to for cash			7,045
Underwriters' fees and issuance costs			(416)
Ely Warrants recognized in equity			2,603
Exercise of Ely Warrants		(913)	(27)
Balance	8,292	8,292	9,205
Share Based Awards [member]
IfrsStatementLineItems [Line Items]
Balance	13,082	2,199	0
Share options issued to replace Golden Valley's share options		8,991
Share-based compensation - share options	845	1,551	2,199
Share-based compensation - RSUs	201	341
Balance	14,128	13,082	2,199
Other reserves [member]
IfrsStatementLineItems [Line Items]
Balance	21,374	11,404	0
Common share purchase warrants issued to for cash			7,045
Underwriters' fees and issuance costs			(416)
Ely Warrants recognized in equity			2,603
Exercise of Ely Warrants		(913)	(27)
Share options issued to replace Golden Valley's share options		8,991
Share-based compensation - share options	845	1,551	2,199
Share-based compensation - RSUs	201	341
Balance	$ 22,420	$ 21,374	$ 11,404

Summary of Share Options Activi

Summary of Share Options Activities (Details)	3 Months Ended	12 Months Ended
	Dec. 31, 2022 shares $ / shares	Sep. 30, 2022 shares $ / shares	Sep. 30, 2021 shares $ / shares
Disclosure Of Issued Capital [Abstract]
Number of Options, Beginning Balance | shares	6,030,076	3,016,200	0
Number of Options, Golden Valley share options exchanged for GRC share options | shares		2,498,045
Number of Options, Granted | shares	2,271,592	577,031	3,016,200
Number of Options, Forfeited | shares	(65,000)	(61,200)
Number of Options, Ending Balance | shares	8,236,668	6,030,076	3,016,200
Weighted Average Exercise Price, Beginning Balance | $ / shares	$ 3.42	$ 4.97	$ 0
Weighted Average Exercise Price, Golden Valley share options exchange for GRC share options | $ / shares		1.32
Weighted Average Exercise Price, Granted | $ / shares	2.58	4.52	4.97
Weighted Average Exercise Price, Forfeited | $ / shares	4.29	4.26
Weighted Average Exercise Price, Ending Balance | $ / shares	$ 3.18	$ 3.42	$ 4.97

Summary of Fair Value Assumptio

Summary of Fair Value Assumptions (Details)	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Sep. 30, 2021
Disclosure Of Issued Capital [Abstract]
Risk-free interest rate	1.90%	1.39%	34%
Expected life (years)	2 years 11 months 4 days	2 years 10 months 13 days	2 years 11 months 26 days
Expected volatility	42.12%	47.99%	37%
Expected dividend yield	0.65%	0.14%	0%
Estimated forfeiture rate	1.72%	0.50%	1.98%

Summary of Range of Options Out

Summary of Range of Options Outstanding and Exercisable (Details)	3 Months Ended
	Dec. 31, 2022 shares $ / shares	Sep. 30, 2022 shares $ / shares	Sep. 30, 2021 shares $ / shares	Sep. 30, 2020 shares $ / shares
IfrsStatementLineItems [Line Items]
Options Outstanding, Number of Options Outstanding | shares	8,236,668	6,030,076	3,016,200	0
Options Outstanding, Weighted Average Exercise Price	$ 3.18	$ 3.42	$ 4.97	$ 0
Options Outstanding, Weighted Average Remaining Contractual Life	3 years 7 months 28 days
Options Exercisable, Number of Options Exercisable | shares	6,238,209
Options Exercisable, Weighted Average Exercise Price	$ 3.28
Options Exercisable, Weighted Average Remaining Contractual Life	3 years 3 months 18 days
Exercise Price Range 1 [Member]
IfrsStatementLineItems [Line Items]
Options Outstanding, Number of Options Outstanding | shares	2,450,929
Options Outstanding, Weighted Average Exercise Price	$ 1.38
Options Outstanding, Weighted Average Remaining Contractual Life	1 year 11 months 19 days
Options Exercisable, Number of Options Exercisable | shares	2,450,929
Options Exercisable, Weighted Average Exercise Price	$ 1.38
Options Exercisable, Weighted Average Remaining Contractual Life	1 year 11 months 19 days
Exercise Price Range 1 [Member] | Minimum [Member]
IfrsStatementLineItems [Line Items]
Exercise Price	$ 1
Exercise Price Range 1 [Member] | Maximum [Member]
IfrsStatementLineItems [Line Items]
Exercise Price	$ 1.99
Exercise Price Range 2 [Member]
IfrsStatementLineItems [Line Items]
Options Outstanding, Number of Options Outstanding | shares	2,368,708
Options Outstanding, Weighted Average Exercise Price	$ 2.44
Options Outstanding, Weighted Average Remaining Contractual Life	4 years 4 months 2 days
Options Exercisable, Number of Options Exercisable | shares	633,764
Options Exercisable, Weighted Average Exercise Price	$ 2.44
Options Exercisable, Weighted Average Remaining Contractual Life	4 years 4 months 2 days
Exercise Price Range 2 [Member] | Minimum [Member]
IfrsStatementLineItems [Line Items]
Exercise Price	$ 2
Exercise Price Range 2 [Member] | Maximum [Member]
IfrsStatementLineItems [Line Items]
Exercise Price	$ 2.99
Exercise Price Range 3 [Member]
IfrsStatementLineItems [Line Items]
Options Outstanding, Number of Options Outstanding | shares	17,514
Options Outstanding, Weighted Average Exercise Price	$ 3.06
Options Outstanding, Weighted Average Remaining Contractual Life	4 years 4 months 17 days
Options Exercisable, Number of Options Exercisable | shares	8,757
Options Exercisable, Weighted Average Exercise Price	$ 3.06
Options Exercisable, Weighted Average Remaining Contractual Life	4 years 4 months 17 days
Exercise Price Range 3 [Member] | Minimum [Member]
IfrsStatementLineItems [Line Items]
Exercise Price	$ 3
Exercise Price Range 3 [Member] | Maximum [Member]
IfrsStatementLineItems [Line Items]
Exercise Price	$ 3.99
Exercise Price Range 4 [Member]
IfrsStatementLineItems [Line Items]
Options Outstanding, Number of Options Outstanding | shares	894,517
Options Outstanding, Weighted Average Exercise Price	$ 4.66
Options Outstanding, Weighted Average Remaining Contractual Life	3 years 10 months 2 days
Options Exercisable, Number of Options Exercisable | shares	639,759
Options Exercisable, Weighted Average Exercise Price	$ 4.66
Options Exercisable, Weighted Average Remaining Contractual Life	3 years 10 months 2 days
Exercise Price Range 4 [Member] | Minimum [Member]
IfrsStatementLineItems [Line Items]
Exercise Price	$ 4
Exercise Price Range 4 [Member] | Maximum [Member]
IfrsStatementLineItems [Line Items]
Exercise Price	4.99
Exercise Price Range 5 [Member]
IfrsStatementLineItems [Line Items]
Exercise Price	$ 5
Options Outstanding, Number of Options Outstanding | shares	2,505,000
Options Outstanding, Weighted Average Exercise Price	$ 5
Options Outstanding, Weighted Average Remaining Contractual Life	3 years 2 months 4 days
Options Exercisable, Number of Options Exercisable | shares	2,505,000
Options Exercisable, Weighted Average Exercise Price	$ 5
Options Exercisable, Weighted Average Remaining Contractual Life	3 years 2 months 4 days

Schedule of Royalty and Option

Schedule of Royalty and Option Income Generated from Mines (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Sep. 30, 2021
Royalty and Option Income [Line Items]
Royalty and option income generated	$ 582	$ 3,944	$ 192
Canadian Malartic [Member]
Royalty and Option Income [Line Items]
Royalty and option income generated	195	1,132
Borden [Member]
Royalty and Option Income [Line Items]
Royalty and option income generated	63	954
Jerritt Canyon [member]
Royalty and Option Income [Line Items]
Royalty and option income generated	148	808	94
Others [Member]
Royalty and Option Income [Line Items]
Royalty and option income generated	$ 176	$ 1,050	$ 98

Royalty and option income (Deta

Royalty and option income (Details Narrative) - Others [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022
Royalty and Option Income [Line Items]
Advance mineral royalty payment	$ 48	$ 386
Option income	$ 99	$ 450

Financial instruments (Details

Financial instruments (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2022	Sep. 30, 2022
Liquidity risk [member]
IfrsStatementLineItems [Line Items]
Working capital	$ 7,559	$ 9,746
Equity price risk [member]
IfrsStatementLineItems [Line Items]
Change in market price, percentage	10%
Profit loss include in investment loss	$ (280)
Interest rate risk [member] | Secured Revolving Credit Facility [Member]
IfrsStatementLineItems [Line Items]
Increase (Decrease) of basis point in the applicable rate of interest	0.10%
Interest rate risk [member] | Secured Revolving Credit Facility [Member] | Base rate [member]
IfrsStatementLineItems [Line Items]
Interest rate	3%
Interest rate risk [member] | Secured Revolving Credit Facility [Member] | SOFR [member]
IfrsStatementLineItems [Line Items]
Interest rate	4%
Interest rate risk [member] | Lease liabilities [member]
IfrsStatementLineItems [Line Items]
Increase (Decrease) of basis point in the applicable rate of interest	0.10%

Summary of Key Management Trans

Summary of Key Management Transactions (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Sep. 30, 2021
Disclosure Of Related Party [Abstract]
Management salaries	$ 275	$ 1,453	$ 939
Directors’ fees	102	442	233
Share-based compensation	788	1,628	2,154
Total	$ 1,165	$ 3,523	$ 3,326

Related party transactions (Det

Related party transactions (Details Narrative)		3 Months Ended	12 Months Ended
	Oct. 12, 2021 shares	Dec. 31, 2022 USD ($) Property	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)
IfrsStatementLineItems [Line Items]
Share-based compensation expense		$ 1,078,000	$ 3,146,000	$ 2,995,000
VZZ [member]
IfrsStatementLineItems [Line Items]
Number of properties involved in interest transfer | Property		12
Blender Media Inc. [member]
IfrsStatementLineItems [Line Items]
Amount incurred related to website design, hosting and maintenance service received			136,000	71,000
Stock issued for services, shares | shares	120,000
Share-based compensation expense		$ 0	626,000
Management and Directors [member]
IfrsStatementLineItems [Line Items]
Amounts payable, related party transactions		$ 23,000	$ 582,000	$ 632,000

Operating Segments - Summary of

Operating Segments - Summary of Non-current Assets by Geographical Areas (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Sep. 30, 2022	Sep. 30, 2021
Disclosure of geographical areas [line items]
Non-current assets	$ 670,874	$ 671,657	$ 266,198
Canada [Member]
Disclosure of geographical areas [line items]
Non-current assets	453,801	453,917	67,271
USA [Member]
Disclosure of geographical areas [line items]
Non-current assets	$ 217,073	$ 217,740	$ 198,927

Change of accounting year - Sum

Change of accounting year - Summary of Condensed Statements of Financial Position (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Sep. 30, 2020
Current assets
Cash and cash equivalents	$ 5,847	$ 7,048		$ 9,905	$ 38
Short-term investments	3,840	7,199		1,118
Accounts receivable	648	1,033		412
Prepaids and other receivables	1,201	1,677		1,866
Total current assets	11,536	16,957		13,301
Non-current assets
Royalty and other mineral interests	667,504	668,288		264,545
Long-term investments	1,587	1,587		1,587
Investment in associate	1,459	1,429
Other long-term assets	324	353		66
Total non-current assets	670,874	671,657		266,198
Total assets	682,410	688,614		279,499
Current Liabilities
Accounts payable and accrued liabilities	3,691	6,683		6,921
Government loan	44
Derivative liabilities	242	528
Total current liabilities	3,977	7,211		6,921
Non-current liabilities
Non-current portion of lease obligation	246	256		11
Government loan		43
Derivative liabilities				4,549
Bank loan	9,448	9,362
Deferred income tax liability	135,088	135,523		42,700
Total non-current liabilities	144,782	145,184		47,260
Total liabilities	148,759	152,395		54,181
Equity
Issued Capital	551,074	551,074		228,620
Reserves	22,420	21,374		11,404
Accumulated deficit	(40,168)	(36,525)		(15,147)
Accumulated other comprehensive income	325	296		441
Total equity	533,651	536,219		225,318	$ (141)
Total equity and liabilities	$ 682,410	$ 688,614		279,499
Transition Period [Member]
Current assets
Cash and cash equivalents			$ 13,826	9,905
Restricted cash			609
Short-term investments			25,057
Accounts receivable			364
Prepaids and other receivables			4,465
Total current assets			44,321
Non-current assets
Royalty and other mineral interests			630,182
Long-term investments			1,587
Investment in associate			1,217
Other long-term assets			57
Total non-current assets			633,043
Total assets			677,364
Current Liabilities
Accounts payable and accrued liabilities			9,718
Total current liabilities			9,718
Non-current liabilities
Government loan			46
Derivative liabilities			5,027
Deferred income tax liability			136,377
Total non-current liabilities			141,450
Total liabilities			151,168
Equity
Issued Capital			527,132
Reserves			20,611
Accumulated deficit			(21,988)
Accumulated other comprehensive income			441
Total equity			526,196	$ 225,318
Total equity and liabilities			$ 677,364

Change of accounting year - S_2

Change of accounting year - Summary of Condensed Statements of Loss and Comprehensive Loss (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue
Royalty and option income	$ 582		$ 3,944	$ 192
Cost of sales
Depletion	(216)		(1,756)	(164)
Gross profit	366		2,188	28
Expenses
Consulting fees	(158)		(4,125)	(2,677)
Depreciation	(29)		(72)	5
Management and directors' fees	(377)		(1,895)	(1,172)
Salaries, wages and benefits	(361)		(1,103)	(132)
Investor communications and marketing expenses	(571)		(1,410)	(1,141)
Office and technology expenses	(225)		(811)	(181)
Transfer agent and regulatory fees	(93)		(536)	(190)
Insurance fees	(438)		(2,049)	(1,293)
Professional fees	(678)		(4,249)	(2,481)
Share-based compensation	(1,078)		(3,146)	(3,324)
Share of loss in associate	1		(296)
Operating loss for the period/year	(3,680)		(21,454)	(12,581)
Other items
Change in fair value of derivative liabilities	278		4,588	(1,511)
Change in fair value of short-term investments	(1,060)		569	168
Foreign exchange gain	1		54	(813)
Interest expense	(285)		(633)
Net loss before income taxes for the period/year	(2,639)		(17,361)	(15,006)
Current tax expense			114
Deferred tax expense	435		129
Net loss after income taxes for the period/year	(2,204)		(17,346)	(15,006)
Item that may be reclassified subsequently to net income:
Foreign currency translation differences	29		(145)	441
Total comprehensive loss for the period/year	$ (2,175)		$ (17,491)	$ (14,565)
Net loss per share, basic and diluted	$ (0.02)		$ (0.14)	$ (0.45)
Weighted average number of common shares outstanding, basic and diluted	143,913,069		128,232,364	33,555,265
Transition Period [Member]
Revenue
Royalty and option income		$ 533
Cost of sales
Depletion		(287)
Gross profit		246
Expenses
Consulting fees		(3,242)
Depreciation		(9)
Management and directors' fees		(217)
Salaries, wages and benefits		(214)
Investor communications and marketing expenses		(339)
Office and technology expenses		(215)
Transfer agent and regulatory fees		(82)
Insurance fees		(578)
Professional fees		(1,816)
Share-based compensation		(901)
Mineral interest maintenance expenses		(64)
Share of loss in associate		(143)
Operating loss for the period/year		(7,574)
Other items
Change in fair value of derivative liabilities		90
Change in fair value of short-term investments		531
Foreign exchange gain		34
Interest expense		(4)
Other income		249
Net loss before income taxes for the period/year		(6,674)
Deferred tax expense		(167)
Net loss after income taxes for the period/year		(6,841)
Item that may be reclassified subsequently to net income:
Total comprehensive loss for the period/year		$ (6,841)
Net loss per share, basic and diluted		$ (0.06)
Weighted average number of common shares outstanding, basic and diluted		109,907,519

Change of accounting year - S_3

Change of accounting year - Summary of Condensed Statements Changes in Equity (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
IfrsStatementLineItems [Line Items]
Balance	$ 536,219	$ 225,318	$ 225,318	$ (141)
Common shares issued to acquire royalties			22,544	13,076
Share options issued on exchange of options of Golden Valley Mines and Royalties Ltd.			8,991
Common shares issued for marketing services			899	345
Common shares issued upon exercise of common share purchase warrants			856	39
Share-based compensation - performance based restricted shares			276	409
Share-based compensation - share options	845		1,551	2,199
Net loss for the period	(2,204)		(17,346)	(15,006)
Balance	533,651		536,219	225,318
Transition Period [Member]
IfrsStatementLineItems [Line Items]
Balance		225,318	225,318
Common shares issued for marketing services		626
Common shares issued upon exercise of common share purchase warrants		530
Share-based compensation - performance based restricted shares		160
Share-based compensation - share options		446
Net loss for the period		(6,841)
Balance		526,196		225,318
Abitibi Royalties Inc. [Member]
IfrsStatementLineItems [Line Items]
Common shares issued to acquire			153,702
Abitibi Royalties Inc. [Member] | Transition Period [Member]
IfrsStatementLineItems [Line Items]
Common shares issued to acquire royalties		153,702
Ely Gold Royalties Inc [member]
IfrsStatementLineItems [Line Items]
Common shares issued to acquire				$ 130,407
Golden Valley Mines and Royalties Ltd. [Member]
IfrsStatementLineItems [Line Items]
Common shares issued to acquire			143,264
Golden Valley Mines and Royalties Ltd. [Member] | Transition Period [Member]
IfrsStatementLineItems [Line Items]
Common shares issued to acquire		143,264
Share options issued on exchange of options of Golden Valley Mines and Royalties Ltd.		8,991
Issued capital [member]
IfrsStatementLineItems [Line Items]
Balance	$ 551,074	$ 228,620	$ 228,620
Balance, shares	143,913,069	72,538,609	72,538,609	1
Common shares issued to acquire royalties			$ 22,544	$ 13,076
Common shares issued to acquire royalties, shares			9,651,130	15,000,000
Common shares issued for marketing services			$ 899	$ 345
Common shares issued for marketing services, shares			216,192	75,000
Common shares issued upon exercise of common share purchase warrants			$ 1,769	$ 66
Common shares issued upon exercise of common share purchase warrants, shares			402,938	15,086
Share-based compensation - performance based restricted shares			$ 276	$ 409
Balance	$ 551,074		$ 551,074	$ 228,620
Balance, shares	143,913,069		143,913,069	72,538,609
Issued capital [member] | Transition Period [Member]
IfrsStatementLineItems [Line Items]
Balance		$ 228,620	$ 228,620
Balance, shares		72,538,609	72,538,609
Common shares issued for marketing services		$ 626
Common shares issued for marketing services, shares		120,000
Common shares issued upon exercise of common share purchase warrants		$ 760
Common shares issued upon exercise of common share purchase warrants, shares		164,692
Share-based compensation - performance based restricted shares		$ 160
Balance		$ 527,132		$ 228,620
Balance, shares		133,927,501		72,538,609
Issued capital [member] | Abitibi Royalties Inc. [Member]
IfrsStatementLineItems [Line Items]
Common shares issued to acquire			$ 153,702
Common shares issued to acquire, shares			31,625,931
Issued capital [member] | Abitibi Royalties Inc. [Member] | Transition Period [Member]
IfrsStatementLineItems [Line Items]
Common shares issued to acquire royalties		$ 153,702
Common shares issued to acquire royalties, shares		31,625,931
Issued capital [member] | Ely Gold Royalties Inc [member]
IfrsStatementLineItems [Line Items]
Common shares issued to acquire				$ 130,407
Common shares issued to acquire, shares				30,902,176
Issued capital [member] | Golden Valley Mines and Royalties Ltd. [Member]
IfrsStatementLineItems [Line Items]
Common shares issued to acquire			$ 143,264
Common shares issued to acquire, shares			29,478,269
Issued capital [member] | Golden Valley Mines and Royalties Ltd. [Member] | Transition Period [Member]
IfrsStatementLineItems [Line Items]
Common shares issued to acquire		$ 143,264
Common shares issued to acquire, shares		29,478,269
Other reserves [member]
IfrsStatementLineItems [Line Items]
Balance	$ 21,374	$ 11,404	$ 11,404	$ 0
Share options issued on exchange of options of Golden Valley Mines and Royalties Ltd.			8,991
Common shares issued upon exercise of common share purchase warrants			(913)	(27)
Share-based compensation - share options	845		1,551	2,199
Balance	22,420		21,374	11,404
Other reserves [member] | Transition Period [Member]
IfrsStatementLineItems [Line Items]
Balance		11,404	11,404
Common shares issued upon exercise of common share purchase warrants		(230)
Share-based compensation - share options		446
Balance		20,611		11,404
Other reserves [member] | Golden Valley Mines and Royalties Ltd. [Member] | Transition Period [Member]
IfrsStatementLineItems [Line Items]
Share options issued on exchange of options of Golden Valley Mines and Royalties Ltd.		8,991
Retained earnings [member]
IfrsStatementLineItems [Line Items]
Balance	(36,525)	(15,147)	(15,147)	(141)
Net loss for the period	(2,204)		(17,346)	(15,006)
Balance	(40,168)		(36,525)	(15,147)
Retained earnings [member] | Transition Period [Member]
IfrsStatementLineItems [Line Items]
Balance		(15,147)	(15,147)
Net loss for the period		(6,841)
Balance		(21,988)		(15,147)
Accumulated other comprehensive income [member]
IfrsStatementLineItems [Line Items]
Balance	296	441	441
Balance	$ 325		296	441
Accumulated other comprehensive income [member] | Transition Period [Member]
IfrsStatementLineItems [Line Items]
Balance		441	$ 441
Balance		$ 441		$ 441

Change of accounting year - S_4

Change of accounting year - Summary of Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Operating activities
Net loss for the period	$ (2,204)		$ (17,346)	$ (15,006)
Items not involving cash:
Depreciation	29		72	5
Depletion	216		1,756	164
Interest expense	285		633
Share-based compensation	1,078		3,146	2,995
Change in fair value of short-term investments	(1,060)		569	168
Change in fair value of derivative liabilities	(278)		(4,588)	1,511
Share of loss in associate	(1)		296
Deferred tax recovery	(435)		(129)
Unrealized foreign exchange gain	42		(415)	(28)
Net changes in non-cash working capital items:
Accounts receivables	389		(655)	(150)
Prepaids and other receivables	439		2,889	(1,485)
Accounts payable and accrued liabilities	(3,043)		(8,350)	23
Cash used in operating activities	(4,530)		(19,262)	(11,950)
Investing activities
Restricted cash released			1,815
Interest received				64
Dividend received	28
Investment in royalties and other mineral interests	(12)		(19,682)	9,390
Proceeds on disposition of marketable securities	4,531		17,659
Cash acquired through acquisition of Abitibi Royalties Inc. and Golden Valley Mines and Royalties Ltd.			10,393
Proceeds from option agreements	481		1,630
Proceeds on disposition of other mineral interests	16
Cash provided by investing activities	5,000		10,579	(69,165)
Financing activities
Interest paid	(197)		(342)
Proceeds from exercise of common share purchase warrants			856	39
Payment of lease obligations	(25)		(60)
Dividends	(1,439)		(4,032)
Repurchase of call options	(8)
Cash provided by / (used in) financing activities	(1,669)		5,825	90,946
Effect of exchange rate changes on cash	(2)		1	36
Net increase (decrease) in cash	(1,201)		(2,857)	9,867
Beginning of period/year	7,048	$ 9,905	9,905	38
End of period/year	$ 5,847		7,048	9,905
Transition Period [Member]
Operating activities
Net loss for the period		(6,841)
Items not involving cash:
Depreciation		9
Depletion		287
Interest expense		4
Share-based compensation		901
Change in fair value of short-term investments		(531)
Change in fair value of derivative liabilities		(90)
Share of loss in associate		143
Deferred tax recovery		167
Unrealized foreign exchange gain		57
Net changes in non-cash working capital items:
Accounts receivables		48
Prepaids and other receivables		565
Accounts payable and accrued liabilities		(2,779)
Cash used in operating activities		(8,060)
Investing activities
Restricted cash released		1,206
Interest received		2
Investment in royalties and other mineral interests		(307)
Cash acquired through acquisition of Abitibi Royalties Inc. and Golden Valley Mines and Royalties Ltd.		10,393
Proceeds from option agreements		436
Cash provided by investing activities		11,730
Financing activities
Proceeds from exercise of common share purchase warrants		280
Payment of lease obligations		(10)
Cash provided by / (used in) financing activities		270
Effect of exchange rate changes on cash		(19)
Net increase (decrease) in cash		3,921
Beginning of period/year		9,905	$ 9,905
End of period/year		$ 13,826		$ 9,905

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)					3 Months Ended	12 Months Ended
	Feb. 13, 2023 USD ($)	Jan. 04, 2023 shares $ / shares	Sep. 14, 2022	Jan. 24, 2022 USD ($)	Dec. 31, 2022 shares $ / shares	Sep. 30, 2022 shares $ / shares	Sep. 30, 2021 shares
IfrsStatementLineItems [Line Items]
Number of shares issued					603,703
Restricted shares, description					During the three months ended December 31, 2022, the Company granted 603,703 RSUs at a weighted average value of $2.81 to certain officers, directors, and consultants of the Company. The RSUs vest in three equal annual instalments during the recipient's continual service with the Company. During the year ended September 30, 2022 the Company granted 167,849 RSUs at a weighted average value of $4.91 to certain officers, directors, and consultants of the Company. The RSUs vest in three equal annual instalments during the recipient's continual service with the Company.
Number of Options, Granted					2,271,592	577,031	3,016,200
Options exercisable term					5 years	5 years	5 years
Options vesting terms					vest as follows: (a) 25% on the grant date; and (b) 25% on each of the dates that are 6, 12 and 18 months thereafter.	vest as follows: (a) 25% on the grant date; and (b) 25% on each of the dates that are 6, 12 and 18 months thereafter.	vest as follows: (a) 25% on the grant date; and (b) 25% on each of the dates that are 6, 12 and 18 months thereafter.
Restricted Stock Units [member]
IfrsStatementLineItems [Line Items]
Number of shares issued						167,849
Weighted average value | $ / shares					$ 2.81	$ 4.91
Restricted Stock Units [member] | After Reporting Events [Member]
IfrsStatementLineItems [Line Items]
Number of shares issued		53,620
Weighted average value | $ / shares		$ 2.49
Restricted shares, description		On January 4, 2023, the Company issued 53,620 shares in satisfaction of vesting requirements of granted RSUs at a price of $2.49 to certain officers, directors, and consultants of the Company.
Share option granted to employee [member] | After Reporting Events [Member]
IfrsStatementLineItems [Line Items]
Number of Options, Granted		5,000
Exercise price of share options granted | $ / shares		$ 2.30
Options exercisable term		5 years
Options vesting terms		vest as follows: (a) 25% on the grant date; and (b) 25% on each of the dates that are 6, 12 and 18 months thereafter.
Secured Revolving Credit Facility [Member]
IfrsStatementLineItems [Line Items]
Secured revolving credit facility | $				$ 10,000,000
Additional bank loan available | $				$ 15,000,000
Bank loan maturity date			Mar. 31, 2025	Mar. 31, 2023
Secured Revolving Credit Facility [Member] | After Reporting Events [Member]
IfrsStatementLineItems [Line Items]
Secured revolving credit facility | $	$ 20,000
Additional bank loan available | $	$ 15,000
Bank loan maturity date	Mar. 31, 2025
Secured Revolving Credit Facility [Member] | Base Rates [Member]
IfrsStatementLineItems [Line Items]
Bank loan interest rate margin				3%
Secured Revolving Credit Facility [Member] | Base Rates [Member] | After Reporting Events [Member]
IfrsStatementLineItems [Line Items]
Bank loan interest rate margin	3%
Secured Revolving Credit Facility [Member] | SOFR Rate [Member]
IfrsStatementLineItems [Line Items]
Bank loan interest rate margin				4%
Secured Revolving Credit Facility [Member] | SOFR Rate [Member] | After Reporting Events [Member]
IfrsStatementLineItems [Line Items]
Bank loan interest rate margin	4%