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MARKETABLE SECURITIES | 6 Months Ended
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Jun. 30, 2025
MARKETABLE SECURITIES |
MARKETABLE SECURITIES | NOTE 5 MARKETABLE SECURITIES The following is a summary of the activity in marketable securities for the six months ended June 30, 2025, and 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As at | ​ | Additions/ | ​ | Disposals/ | ​ | Unrealized | ​ | ​ | As at
​ | ​ | December 31, | ​ | transfers during | ​ | transfers during | ​ | gain on | ​ | ​ | June 30,
​ | ​ | 2024 | ​ | period | ​ | period | ​ | securities held | ​ | ​ | 2025
Equity securities | ​ | $ | 1,206 | ​ | $ | 7,463 | ​ | $ | (168) | ​ | $ | 5,386 | ​ | $ | 13,887
Warrants | ​ | ​ | 411 | ​ | ​ | 982 | ​ | ​ | (380) | ​ | ​ | 1,067 | ​ | ​ | 2,080
Total marketable securities | ​ | $ | 1,617 | ​ | $ | 8,445 | ​ | $ | (548) | ​ | $ | 6,453 | ​ | $ | 15,967
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As at | ​ | Additions/ | ​ | Disposals/ | ​ | Unrealized | ​ | As at
​ | ​ | December 31, | ​ | transfers during | ​ | transfers during | ​ | gain on | ​ | June 30,
​ | ​ | 2023 | ​ | period | ​ | period | ​ | securities held | ​ | 2024
Equity securities | ​ | $ | 1,743 | ​ | $ | — | ​ | $ | (82) | ​ | $ | 284 | ​ | $ | 1,945
​ On March 10, 2025, the Company acquired 5,181,347 units of Goliath Resources Limited (TSX-V: GOT) (“Goliath Resources”) in exchange for 868,056 common shares of the Company. Each unit consists of one common share and one-half of one warrant. Each whole warrant entitles the Company to purchase one common share of Goliath Resources at a price of C$2.50 for a period of twelve months following the closing of the offering, expiring on March 10, 2026. The acquired securities were subject to a contractual sale restriction for a period of four months following the closing date. Following the closing, as at March 10, 2025, the Company held an approximate 4% ownership interest in Goliath Resources. The Company recognized a day one gain of $0.9 million on the difference between the transaction price and fair value of units received. ​ On March 27, 2025, the Company participated in two private placement offerings by Canadian Gold Corp (TSX-V: CGC) (“Canadian Gold”), acquiring 8,823,529 common shares and 2,941,176 units for a total investment of $1.4 million. Each unit consists of one common share and one non-transferable share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share at an exercise price of C$0.22 per share up to March 27, 2026. The acquired securities are subject to a contractual sale restriction for a period of four months following the closing date. Following the closing, as at March 27, 2025, the Company held an approximate 6% ownership interest in Canadian Gold. The Company recognized a day one gain of $0.5 million on the difference between the transaction price and fair value of units received. On April 28, 2025, the Company exercised 9,200,000 warrants of Inventus Mining Corp. (TSX-V: IVS) to acquire an equal number of common shares at an exercise price of C$0.09 per warrant, for total consideration of $0.6 million. In connection with this transaction, the Company also received 9,200,000 additional warrants of Inventus Mining Corp., each entitling the holder to acquire one common share at an exercise price of C$0.12 per share, expiring on November 6, 2026. ​ Subsequent to June 30, 2025, the Company exercised 800,000 warrants of Inventus Mining Corp. (TSX-V: IVS) to acquire an equal number of common shares at an exercise price of C$0.09 per warrant, for total consideration of $0.1 million.

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- Definition The entire disclosure for cash, cash equivalent, investment in debt and equity securities, equity method investment, investment in joint venture, and investment classified as other. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 13 -Subparagraph (d)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482477/820-10-65-13 + Details
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