Investment in Ambler Metals LLC (Tables)

6 Months Ended

May 31, 2024

Investment in Ambler Metals LLC

Schedule of equity investment

	in thousands of dollars
	$
November 30, 2023, Investment in Ambler Metals	135,021
Joint venture equity contribution	112
Return of capital	(12,500)
Share of loss on equity investment for the six-month period ending May 31, 2024	(1,395)
May 31, 2024, Investment in Ambler Metals	121,238

Schedule of Ambler Metals LLC's Balance Sheet

	in thousands of dollars
	May 31, 2024	November 30, 2023
	$	$
Total assets	67,557	97,180
Cash and cash equivalents	35,139	63,829
Mineral properties	30,899	30,899
Total liabilities	(875)	(2,931)
Accounts payable and accrued liabilities	(571)	(2,500)
Members' equity (total assets less total liabilities)	66,682	94,249

Schedule of Ambler Metals LLC's net loss

			in thousands of dollars
	Three months ended			Six months ended
	May 31, 2024	May 31, 2023		May 31, 2024	May 31, 2023
	$	$		$	$
Depreciation	37	38		75	75
Corporate salaries and wages	128	495		362	939
General and administrative	121	213		248	346
Mineral property expense	1,230	2,507		2,324	4,792
Professional fees	253	57		430	216
Foreign exchange loss	—	3		2	3
Interest and other income	(565)	(105)		(652)	(194)
Comprehensive loss	1,204	3,208		2,789	6,177