Investment in Ambler Metals LLC (Tables)

9 Months Ended

Aug. 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	(25,000)
Share of loss on equity investment for the nine-month period ending August 31, 2024	(2,019)
August 31, 2024, Investment in Ambler Metals	108,114

Schedule of Ambler Metals LLC's Balance Sheet

	in thousands of dollars
	August 31, 2024	November 30, 2023
	$	$
Total assets	41,888	97,180
Cash and cash equivalents	9,848	63,829
Mineral properties	30,899	30,899
Total liabilities	(1,455)	(2,931)
Accounts payable and accrued liabilities	(1,209)	(2,500)
Members' equity (total assets less total liabilities)	40,433	94,249

Schedule of Ambler Metals LLC's net loss

			in thousands of dollars
	Three months ended			Nine months ended
	August 31, 2024	August 31, 2023		August 31, 2024	August 31, 2023
	$	$		$	$
Depreciation	38	38		113	113
Corporate salaries and wages	49	478		411	1,417
General and administrative	93	43		343	389
Mineral property expense	1,024	5,210		3,348	10,002
Professional fees	325	181		755	397
Foreign exchange loss	—	(6)		2	(3)
Interest and other income	(281)	(125)		(933)	(319)
Comprehensive loss	1,248	5,819		4,039	11,996