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Investment in Ambler Metals LLC (Tables) | 6 Months Ended
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May 31, 2022
Investment in Ambler Metals LLC |
Schedule of equity investment | ​
​ | ​ | ​ | ​
​ |  | in thousands of dollars
​ |  | $ |
November 30, 2021, Investment in Ambler Metals | ​ | 160,063 | ​
Joint venture equity contribution | ​ | 51 | ​
Share of loss on equity investment for the six-month period ending May 31, 2022 | ​ | (4,370) | ​
May 31, 2022, Investment in Ambler Metals | ​ | 155,744 | ​
Schedule of Ambler Metals LLC's Balance Sheet | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | in thousands of dollars
​ | ​ | May 31, 2022 | ​ | ​ | November 30, 2021 | ​
​ |  | $ |  |  | $ |
Total assets | ​ | 139,683 | ​ | ​ | 149,374 | ​
Cash | ​ | 52,810 | ​ | ​ | 61,205 | ​
Loan receivable from South32 (current and long-term) | ​ | 53,475 | ​ | ​ | 55,355 | ​
Mineral properties | ​ | 30,757 | ​ | ​ | 30,757 | ​
Total liabilities | ​ | (3,990) | ​ | ​ | (5,043) | ​
Accounts payable and accrued liabilities | ​ | (3,206) | ​ | ​ | (4,148) | ​
Members' equity (total assets less total liabilities) | ​ | 135,693 | ​ | ​ | 144,331 | ​
Schedule of Ambler Metals LLC's net loss | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | in thousands of dollars
​ | ​ | Three months ended | ​ | ​ | Six months ended | ​
​ | ​ | May 31, 2022 | ​ | ​ | May 31, 2021 | ​ | ​ | May 31, 2022 | ​ | ​ | May 31, 2021 | ​
​ |  | $ |  |  | $ |  |  | $ |  |  | $ |
Depreciation | ​ | 22 | ​ | ​ | 17 | ​ | ​ | 45 | ​ | ​ | 33 | ​
Corporate salaries and wages | ​ | 486 | ​ | ​ | 692 | ​ | ​ | 960 | ​ | ​ | 1,209 | ​
General and administrative | ​ | 169 | ​ | ​ | 259 | ​ | ​ | 401 | ​ | ​ | 494 | ​
Mineral property expense | ​ | 4,367 | ​ | ​ | 2,531 | ​ | ​ | 7,407 | ​ | ​ | 3,970 | ​
Professional fees | ​ | 205 | ​ | ​ | 162 | ​ | ​ | 502 | ​ | ​ | 460 | ​
Foreign exchange (gain)/loss | ​ | (7) | ​ | ​ | 14 | ​ | ​ | (5) | ​ | ​ | 20 | ​
Interest income | ​ | (322) | ​ | ​ | (275) | ​ | ​ | (570) | ​ | ​ | (547) | ​
Comprehensive loss | ​ | 4,920 | ​ | ​ | 3,400 | ​ | ​ | 8,740 | ​ | ​ | 5,639 | ​

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