XML 28 R18.htm IDEA: XBRL DOCUMENT v3.23.3

Asset Retirement Obligations (“ARO”)

9 Months Ended

Aug. 31, 2023

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligations (“ARO”)

Note 10: Asset Retirement Obligations (“ARO”)

The Whistler Project’s exploration activities are subject to the State of Alaska’s laws and regulations governing the protection of the environment. The Whistler Project ARO is valued under the following assumptions:

Schedule of Asset Retirement Obligations Value Assumptions

		August 31, 2023				November 30, 2022
Undiscounted amount of estimated cash flows		$	235,000			$	235,000
Life expectancy (years)			2				3
Inflation rate			2.00	%			2.00	%
Discount rate			9.32	%			9.32	%

The following table summarizes the movements of the Company’s ARO:

Schedule of Asset Retirement Obligations

		August 31, 2023				November 30, 2022
Balance, beginning of period		$	225,871			$	206,616
Beginning Balance		$	225,871			$	206,616
Accretion			15,611				19,255
Balance, end of period		$	241,482			$	225,871
Ending Balance		$	241,482			$	225,871

X

- References

No definition available.

+ Details

Name:	us-gaap_AssetRetirementObligationDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 410
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481850/410-20-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 410
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//410-20/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 20
-Topic 410
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481850/410-20-50-2

+ Details

Name:	us-gaap_AssetRetirementObligationDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration