v3.25.4
Note 12 - Non-controlling Interests (Tables)
12 Months Ended
Nov. 30, 2025
Statement Line Items [Line Items]  
Statement of subsidiary financial position [text block]
  

November 30,

 
  

2025

 
  

($)

 

Assets

    

Cash and cash equivalents

  10,193 

Restricted cash

  60 

Prepaid expenses and deposits

  122 

Other assets

  100 

Land, property and equipment

  1,312 

Exploration and evaluation assets

  79 
   11,866 
     

Liabilities

    

Accounts payable and accrued liabilities

  446 

Withholding taxes payable

  253 

Rehabilitation provisions

  461 

Lease liability

  124 
   1,284 
Statement of subsidiary cash flows [text block]
  

For the year ended

  

For the year ended

 
  

November 30, 2025

  

November 30, 2024

 
  

($)

  

($)

 

Cash used in operating activities

  (8,114)  (10,506)

Cash used in investing activities

  -   (235)

Cash generated from financing activities

  12,757   600 
         

Effect of exchange rate changes on cash

  (56)  228 
         

Net increase (decrease) in cash and cash equivalents and restricted cash

  4,587   (9,913)

Cash and cash equivalents and restricted cash

        

Beginning of year

  5,666   15,579 

End of year

  10,253   5,666 
Disclosure of number and weighted average exercise prices of share options [text block]
  

Number of

Options

  

Weighted

Average

Exercise Price

($)

 

Balance at November 30, 2023

  14,945,195   1.60 

Granted

  2,763,234   1.19 

Exercised(1)

  (2,029,500)  1.05 

Expired

  (197,500)  1.02 

Balance at November 30, 2024

  15,481,429   1.61 

Granted

  3,047,000   1.88 

Exercised(2)

  (1,091,984)  1.30 

Expired

  (1,925,000)  2.82 

Forfeited

  (245,000)  1.71 

Balance at November 30, 2025

  15,266,445   1.53 
Disclosure of indirect measurement of fair value of goods or services received, share options granted during period [text block]
  

Year ended

November 30,

2025

  

Year ended

November 30,

2024

 

Risk-free interest rate

  2.41%  3.18%

Expected life (years)

  2.87   2.87 

Expected volatility

  42.55%  46.66%

Expected dividend yield

  0.00%  0.00%

Estimated forfeiture rate

  2.45%  3.69%
Disclosure of number and weighted average exercise prices of warrants [text block]
  

 

Number of

Warrants

  

 

Weighted Average

Exercise Price

(US$)

 

Balance at November 30, 2023

  1,741,292   13.00 

Exercised

  (300)  13.00 

Balance at November 30, 2024 and 2025

  1,740,992   13.00 
U.S. GoldMining Inc. [member]  
Statement Line Items [Line Items]  
Disclosure of number and weighted average exercise prices of share options [text block]
  

Number of

Options

  

Weighted

Average

Exercise Price

(US$)

 

Balance at November 30, 2023

  82,500   10.00 

Granted

  106,050   10.00 

Forfeited

  (3,000)  10.00 

Balance at November 30, 2024

  185,550   10.00 

Granted

  140,500   10.00 

Exercised(1)

  (33,750)  10.00 

Forfeited

  (12,500)  10.00 

Balance at November 30, 2025

  279,800(2)  10.00 
Disclosure of indirect measurement of fair value of goods or services received, share options granted during period [text block]
  

Year ended

November 30,

2025

  

Year ended

November 30,

2024

 

Share price at grant date (US)

 $8.74  $5.25 

Risk-free interest rate

  4.32%  4.45%

Expected life (years)

  3.00   3.00 

Expected volatility(1)

  55.45%  54.94%

Expected dividend yield

  0.00%  0.00%

Estimated forfeiture rate

  0.00%  0.00%
U.S. GoldMining Inc. [member] | Restricted stock units [member]  
Statement Line Items [Line Items]  
Disclosure of number and weighted average exercise prices of share options [text block]
  

 

Number of

RSUs

  

 

Weighted Average

Value

(US$)

 

Balance as at November 30, 2024

  -   - 

Granted

  20,050   8.55 

Vested

  (10,889)  8.32 

Forfeited

  (600)  8.32 

Balance at November 30, 2025

  8,561   8.86