v3.26.3
Condensed Interim Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2026
Nov. 30, 2025
Current assets    
Cash and cash equivalents $ 31,209 $ 51,613
Accounts receivable 93 118
Deposits and prepaid amounts 338 193
Total current assets 31,640 51,924
Investment in Ambler Metals LLC (note 3) 109,029 105,263
Right of use asset (note 5(a)) 85 117
Total assets 140,754 157,304
Current liabilities    
Accounts payable and accrued liabilities (note 4) 861 2,329
Current portion of lease liability (note 5(b)) 45 41
Derivative liability (note 2) 22,970 30,743
Total current liabilities 23,876 33,113
Long-term portion of lease liability (note 5(b)) 36 70
Total liabilities 23,912 33,183
Shareholders' equity    
Share capital (note 6) - unlimited common shares authorized, no par value issued - 172,945,639 (2025 - 171,069,888) 228,105 225,241
Contributed surplus 118 118
Contributed surplus - options (note 6(a)) 30,359 27,294
Contributed surplus - units (note 6(b)) 4,065 4,109
Deficit (145,805) (132,641)
Total shareholders' equity 116,842 124,121
Total liabilities and shareholders' equity $ 140,754 $ 157,304