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Amounts receivable

9 Months Ended

May 31, 2024

Schedule of amounts receivables
		May 31, 2024			August 31, 2023
Receivable from precious metal sales	$	-		$	488
Sales tax receivable⁽¹⁾		4,910			5,554
Other		24			46
Other receivable		4,934			6,088
Less: Long-term portion		(3,335	)		(2,948	)
Total amounts receivable	$	1,599		$	3,140

⁽¹⁾

Sales tax receivables consist of harmonized services tax and value added tax (“VAT”) due from Canadian and Tanzanian tax authorities, respectively. Tanzanian tax regulations allow for VAT receivable to be refunded or set-off against other taxes due to the Tanzania Revenue Authority ("TRA"). The Company has historically experienced delays in receiving payment or confirmation of offset against other taxes. The Company is in communication with the TRA and there is an expectation for either cash payments or offsetting of VAT receivable against other taxes in the future. VAT which the Company does not expect to recover within the next 12 months has been classified as long-term assets.

The Company held no collateral for any receivables. During the three and nine months ended May 31, 2024, $nil0 and $nil0, respectively (2023 – $nil0 and $0.2 million, respectively) of VAT was written-off. During the three and nine months ended May 31, 2024, the Company recovered VAT refunds from the TRA of $0.5 million and $3.1 million, respectively (2023 – $nil0 and $nil0, respectively).