| Schedule
of amounts receivables | |
| | | |
| | |
| | |
|
May 31, 2025 | | |
|
August 31, 2024 | |
| Sales tax receivable (1) | |
$ | 7,186 | | |
$ | 5,144 | |
| Other | |
| 440 | | |
| 73 | |
Other receivable
| |
| 7,626 | | |
| 5,217 | |
| Less: Long-term portion | |
| (4,935 | ) | |
| (3,259 | ) |
| Total amounts receivable | |
$ | 2,691 | | |
$ | 1,958 | |
| (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, 2025, the Company recovered VAT refunds from the TRA of 0$nil and $1.8 million, respectively (2024 – $0.5
million and $3.1 million, respectively).
|