Royalty Generation and Project Evaluation

12 Months Ended

Dec. 31, 2023

Note 15 - Royalty Generation and Project Evaluation

During the year ended December 31, 2023, the Company incurred the following project and royalty generation costs, which were expensed as incurred:


	Fennoscandia		USA*		Eastern Europe and Morocco		South America		Other		Technical support and project evaluation		Total
Administration costs	$	270	$	361	$	600	$	1	$	9	$	68	$	1,309
Drilling, technical, and support costs	946		5,705		409		4		257		305		7,626
Personnel	573		2,019		848		74		330		1,588		5,432
Property costs	140		2,018		56		289		68		-		2,571
Professional costs	10		124		94		74		31		439		772
Share-based payments	77		136		55		11		12		200		491
Travel	108		34		81		-		19		200		442
Total Expenditures	2,124		10,397		2,143		453		726		2,800		18,643
Recoveries from partners	(759)		(6,639)		-		-		-		-		(7,398)
Net Expenditures	$	1,365	$	3,758	$	2,143	$	453	$	726	$	2,800	$	11,245

*Includes $1,527 in costs related to Scout Drilling LLC which was sold during the year ended December 31, 2023.

Note 15 - Royalty Generation and Project Evaluation (continued)

During the year ended December 31, 2022, the Company incurred the following project and royalty generation costs, which were expensed as incurred:


	Fennoscandia		USA*		Eastern Europe and Morocco		South America		Other		Technical support and project evaluation		Total
Administration costs	$	49	$	228	$	94	$	95	$	16	$	32	$	514
Drilling, technical, and support costs	1,554		4,570		142		19		316		64		6,665
Personnel	601		2,388		510		183		296		1,108		5,086
Professional costs	33		56		101		197		28		404		819
Property costs	569		2,064		1		178		73		-		2,885
Share-based payments	202		297		34		54		16		276		879
Travel	158		28		51		18		46		64		365
Total Expenditures	3,166		9,631		933		744		791		1,948		17,213
Recoveries from partners	(1,782)		(6,787)		-		-		(8)		-		(8,577)
Net Expenditures	$	1,384	$	2,844	$	933	$	744	$	783	$	1,948	$	8,636

*Includes $1,379 in costs related to Scout Drilling LLC which was sold during the year ended December 31, 2023.