Investment in Ambler Metals LLC (Tables)

6 Months Ended

May 31, 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 six month period ending May 31, 2023	(3,088)
May 31, 2023, Investment in Ambler Metals	139,777

Schedule of Ambler Metals LLC's Balance Sheet

	in thousands of dollars
	May 31, 2023	November 30, 2022
	$	$
Total assets	106,365	114,049
Cash	72,785	80,755
Mineral properties	30,899	30,899
Total liabilities	(2,606)	(4,335)
Accounts payable and accrued liabilities	(2,053)	(3,664)
Members' equity (total assets less total liabilities)	103,759	109,714

Schedule of Ambler Metals LLC's net loss

			in thousands of dollars
	Three months ended			Six months ended
	May 31, 2023	May 31, 2022		May 31, 2023	May 31, 2022
	$	$		$	$
Depreciation	38	22		75	45
Corporate salaries and wages	495	486		939	960
General and administrative	213	169		346	401
Mineral property expense	2,507	4,367		4,792	7,407
Professional fees	57	205		216	502
Foreign exchange (gain)/loss	3	(7)		3	(5)
Interest income	(105)	(322)		(194)	(570)
Comprehensive loss	3,208	4,920		6,177	8,740