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Other Non-current Assets

12 Months Ended

Dec. 31, 2022

8. Other Non-current Assets

At December 31, 2022 and 2021, other non-current assets consisted of the following:


	As of		As of
	December 31,		December 31,
	2022		2021

	(in thousands)
Equity Investment in Maritime	$	1,559	$	-
Equity Investment in Green Light Metals		3,611		-
Other non-current assets		339		76
Total	$	5,509	$	76

On September 22, 2022, the Company invested C$2.4 million (or $1.7 million) in the common shares of Maritime Resources Corp. The 47 million shares purchased represent 9.9% of the issued and outstanding shares of Maritime. As of December 31, 2022, the value of the investment was $1.6 million.

On December 28, 2022, Gold Resource Corporation received 12.25 million common shares of Green Light Metals as a settlement for the promissory note receivable. This represents approximately 28.5% ownership in Green Light Metals. As of December 31, 2022, the value of this equity investment was $3.6 million. The contract includes a top-up provision that would result in additional common shares being issued to the Company if any Green Light Metals financing was raised at less than C$0.40 per share before March 31, 2023.