v3.26.1
Condensed Interim Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2026
Nov. 30, 2025
Current assets    
Cash and cash equivalents $ 38,838 $ 51,613
Accounts receivable 106 118
Deposits and prepaid amounts 69 193
Total current assets 39,013 51,924
Investment in Ambler Metals LLC (note 3) 112,086 105,263
Right of use asset (note 5(a)) 96 117
Total assets 151,195 157,304
Current liabilities    
Accounts payable and accrued liabilities (note 4) 646 2,329
Current portion of lease liability (note 5b) 44 41
Derivative liability (note 2) 34,534 30,743
Total current liabilities 35,224 33,113
Long-term portion of lease liability (note 5(b)) 48 70
Total liabilities 35,272 33,183
Shareholders' equity    
Share capital (note 6) - unlimited common shares authorized, no par value issued - 172,745,639 (2025 - 171,069,888) 228,019 225,241
Contributed surplus 118 118
Contributed surplus - options (note 6(a)) 29,893 27,294
Contributed surplus - units (note 6(b)) 3,942 4,109
Deficit (146,049) (132,641)
Total shareholders' equity 115,923 124,121
Total liabilities and shareholders' equity $ 151,195 $ 157,304