Segmented Information

12 Months Ended

Dec. 31, 2024

Disclosure of operating segments [abstract]

Note 19 - Segmented Information

The Company’s business is organized into one single operating segment, consisting of acquiring, managing and generating royalties. The Company’s chief operating decision-maker, the CEO, makes capital allocation decisions, reviews operating results and assesses performance.

Geographic revenues from royalties, option and other property income, and interest income is determined by the location of the operations giving rise to the revenue.

For the year ended December 31, 2024, the Company had revenue and other income located geographically as follows:


	Fennoscandia		USA		Eastern Europe and Morocco		Other		Total
Royalty revenue*	$	381	$	4,915	$	18,508	$	-	$	23,804
Option and other property income	246		1,396		12		70		1,724
Interest income	20		106		-		1,794		1,920
Total	$	647	$	6,417	$	18,520	$	1,864	$	27,448

*Excludes royalty revenue generated from the Company's equity interest in SLM California (Note 6).

Note 19 - Segmented Information (continued)

For the year ended December 31, 2023, the Company had revenue and other income located geographically as follows:


	Fennoscandia		USA		Eastern Europe and Morocco		Other		Total
Royalty revenue*	$	285	$	3,509	$	16,493	$	-	$	20,287
Option and other property income	678		2,794		-		1,313		4,785
Interest income	2		112		-		1,435		1,549
Total	$	965	$	6,415	$	16,493	$	2,748	$	26,621

*Excludes royalty revenue generated from the Company's equity interest in SLM California (Note 6).

As at December 31, 2024, and 2023, the Company had royalty and other property interests and property and equipment located geographically as follows:


	Fennoscandia		USA		Eastern Europe and Morocco		South America		Other		Total
Royalty and other property interests
As at December 31, 2024	$	649	$	4,972	$	24,096	$	13,060	$	1,994	$	44,771
As at December 31, 2023	$	524	$	5,611	$	30,041	$	9,715	$	2,208	$	48,099
Property and equipment
As at December 31, 2024	$	127	$	511	$	68	$	-	$	-	$	706
As at December 31, 2023	$	161	$	605	$	87	$	-	$	-	$	853