Investment in Ambler Metals LLC (Tables)

3 Months Ended

Feb. 28, 2023

Investment in Ambler Metals LLC

Schedule of equity investment

	in thousands of dollars
	$
November 30, 2022, Investment in Ambler Metals	142,754
Joint venture equity contribution	111
Share of loss on equity investment for the three month period ending February 28, 2023	(1,485)
February 28, 2023, Investment in Ambler Metals	141,380

Schedule of Ambler Metals LLC's Balance Sheet

	in thousands of dollars
	February 28, 2023	November 30, 2022
	$	$
Total assets	109,541	114,049
Cash	76,476	80,755
Mineral properties	30,899	30,899
Total liabilities	(2,574)	(4,335)
Accounts payable and accrued liabilities	(1,962)	(3,664)
Members' equity (total assets less total liabilities)	106,967	109,714

Schedule of Ambler Metals LLC's net loss

	in thousands of dollars
		For the three months ended
		February 28, 2023	February 28, 2022
		$	$
Depreciation		37	23
Corporate salaries and wages		444	474
General and administrative		133	232
Mineral property expense		2,285	3,040
Professional fees		159	297
Foreign exchange (gain)/loss		—	2
Interest income		(89)	(248)
Comprehensive loss		2,969	3,820