Investment in Ambler Metals LLC (Tables)

9 Months Ended

Aug. 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 nine-month period ending August 31, 2023	(5,998)
August 31, 2023, Investment in Ambler Metals	136,867

Schedule of Ambler Metals LLC's Balance Sheet

	in thousands of dollars
	August 31, 2023	November 30, 2022
	$	$
Total assets	102,140	114,049
Cash	66,866	80,755
Mineral properties	30,899	30,899
Total liabilities	(4,200)	(4,335)
Accounts payable and accrued liabilities	(3,707)	(3,664)
Members' equity (total assets less total liabilities)	97,940	109,714

Schedule of Ambler Metals LLC's net loss

			in thousands of dollars
	Three months ended			Nine months ended
	August 31, 2023	August 31, 2022		August 31, 2023	August 31, 2022
	$	$		$	$
Depreciation	38	32		113	77
Corporate salaries and wages	478	477		1,417	1,437
General and administrative	43	158		389	560
Mineral property expense	5,210	17,120		10,002	24,527
Professional fees	181	125		397	626
Foreign exchange (gain)/loss	(6)	10		(3)	5
Interest and other income	(125)	(72)		(319)	(642)
Comprehensive loss	5,819	17,850		11,996	26,590