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Investment in Ambler Metals LLC (Tables)
6 Months Ended
May 31, 2022
Investment in Ambler Metals LLC  
Schedule of equity investment

​

​

​

​

​

​

    

in thousands of dollars

​

    

$

    

November 30, 2021, Investment in Ambler Metals

​

160,063

​

Joint venture equity contribution

​

51

​

Share of loss on equity investment for the six-month period ending May 31, 2022

​

(4,370)

​

May 31, 2022, Investment in Ambler Metals

​

155,744

​

Schedule of Ambler Metals LLC's Balance Sheet

​

​

​

​

​

​

​

​

​

    

in thousands of dollars

​

​

May 31, 2022

​

​

November 30, 2021

​

​

    

$

    

    

$

    

Total assets

​

139,683

​

​

149,374

​

Cash

​

52,810

​

​

61,205

​

Loan receivable from South32 (current and long-term)

​

53,475

​

​

55,355

​

Mineral properties

​

30,757

​

​

30,757

​

Total liabilities

​

(3,990)

​

​

(5,043)

​

Accounts payable and accrued liabilities

​

(3,206)

​

​

(4,148)

​

Members' equity (total assets less total liabilities)

​

135,693

​

​

144,331

​

Schedule of Ambler Metals LLC's net loss

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

in thousands of dollars

​

​

Three months ended

​

​

Six months ended

​

​

​

May 31, 2022

​

​

May 31, 2021

​

​

May 31, 2022

​

​

May 31, 2021

​

​

    

$

    

    

$

    

  

$

  

  

$

  

Depreciation

​

22

​

​

17

​

​

45

​

​

33

​

Corporate salaries and wages

​

486

​

​

692

​

​

960

​

​

1,209

​

General and administrative

​

169

​

​

259

​

​

401

​

​

494

​

Mineral property expense

​

4,367

​

​

2,531

​

​

7,407

​

​

3,970

​

Professional fees

​

205

​

​

162

​

​

502

​

​

460

​

Foreign exchange (gain)/loss

​

(7)

​

​

14

​

​

(5)

​

​

20

​

Interest income

​

(322)

​

​

(275)

​

​

(570)

​

​

(547)

​

Comprehensive loss

​

4,920

​

​

3,400

​

​

8,740

​

​

5,639

​