INVESTMENTS

3 Months Ended

Mar. 31, 2023

INVESTMENTS

INVESTMENTS

NOTE 5 INVESTMENTS

The following is a summary of the activity in investments for the three months ended March 31, 2023:

	As at		Additions/		Net gain		Disposals/		Unrealized		As at
	December 31,		transfers during		(loss) on		transfers during		gain on		March 31,
	2022		period		securities sold		period		securities held		2023
Marketable equity securities – fair value		1,133		—		—		—		296		1,429
Warrants		162		—		—		—		—		162
Total Investments	$	1,295	$	—	$	—	$	—	$	296	$	1,591

On June 23, 2021, the Company closed the sale of two projects in Nevada, Limousine Butte and Cedar Wash, with Nevgold Corp. (“Nevgold”). In addition to $0.5 million cash received as part of the consideration, the Company received 4,963,455 common shares and 2,481,727 warrants of Nevgold. Upon issuance, the common shares received by the Company represented 10% of the issued and outstanding shares of Nevgold. The warrants have an exercise price of C$0.60 per share and are exercisable until June 23, 2023. The common shares trade on the TSX Venture Exchange.