개정안 - 2023년 연간 재무 결과
TORONTO, ONTARIO, March 26, 2024 (GLOBE NEWSWIRE) -- 개정안 - 2023년 연간 재무 결과
Amendments have been made to the ‘2023 Full Year Financial Results’ announcement released on 26 March 2024 at 07:00 in the Financial Results table.
다른 모든 세부 사항은 변경되지 않습니다. 수정된 전체 텍스트는 아래에 나와 있습니다.
(“Amaroq” or the “Corporation” or the “Company”)
2023년 연간 재무 결과
Well-funded and on track to progress development of Nalunaq in 2024
TORONTO, ONTARIO – 26 March 2024 - Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland, is presents its Q4 and FY 2023 financials and provide an update on its planned operational activities for 2024. All dollar amounts are expressed in Canadian dollars unless otherwise noted.
A remote presentation for sell-side analysts and investors will be held remotely at 14:00 GMT today, followed by an opportunity to ask questions.
Analysts and investors who wish to participate in the webcast are requested to register via the link here: https://brrmedia.news/AMRQ_FY23
Amaroq의 CEO인 Eldur Olafsson은 다음과 같이 말했습니다.
“Following our successful Fundraising in February 2024, we have increased the scope of the Nalunaq gold project development to account for accelerating the transition of the process plant to nameplate capacity of 300 tonnes per day.
“We experienced some operational and procurement delays towards the end of 2023 due to adverse weather conditions, which continued into the start of 2024. This situation has now significantly improved and we are making good operational progress.
“Greenland offers significant potential for improving the security of supply of raw materials for Europe. We are particularly encouraged by recent developments following the recent signing of two new collaboration agreements to strengthen the EU-Greenland Partnership and the opening of a new EU office in Nuuk. 2024 is a crucial year for Amaroq as we focus on bringing Nalunaq into production, whilst accelerating exploration activities across our wider precious and strategic metals portfolio. We look forward to providing further updates on the Nalunaq development programme at a planned Capital Markets event in early Summer.”
FY 2023 Corporate Highlights
- Amaroq group liquidity of C$78.2 million (cash (gold and strategic minerals businesses) loan and overrun facility) as of December 31, 2023
- Gold business working capital of C$37.6 million as of December 31, 2023 (C$59 million as at September 30, 2023)
- Strategic minerals business available liquidity of C$18.7 million as of December 31 (C$22.5 million as at September 30, 2023)
- Successful transfer of Icelandic listing to Iceland Nasdaq Main Market in 2023 and admission to the OMX Iceland 15 Index, effective in January 2024
- Completion of most successful drilling program at Nalunaq to date and discovery of new 75 vein, underpinning potential for faster resource growth
- Awarded two additional licences in South Greenland, increasing the Corporation's total licence holding to 9,785.56 km2, making it the largest licence holder any mining company in Greenland
- Geological interpretation and advanced data science at the Nanoq target have expanded its potential size and have indicated a 25km corridor linking it to the Jokum's Shear project
- Promising results from 2023 Strategic Minerals exploration programme, with significant new nickel-copper discovery at Stendalen
- Post-period, in February 2024, the Company completed a Fundraising, raising net proceeds of approximately $75 million, to accelerate mining of the Target Block at the Nalunaq and associated works to enable a smoother transition of the process plant to nameplate capacity of 300 tonnes of ore processed per day.
- Amaroq achieved score of “Good” by Icelandic ratings agency Reitun it their first ESG assessment of the Company. Amaroq was placed it in category B3, with a score of 68 points. The rating is based on the Company’s performance in environmental, social and governance (ESG) matters.
4 년 2023 분기 운영 하이라이트
- Contracting and Procurement: At the end of Q4 2023, 80% of the key contracts for the processing plant were concluded and procurement was 80% completed. Thyssen Schachtbau GMBH is contracted on the underground development and mining while Halyard Inc. is the engineering consultant in the staged construction of the processing plant
- 엔지니어링: Process plant engineering was 77% complete at the end of Q4 2023 based on the updated project scope
- 건설: Two wings were added to the camp, increasing the accommodation capacity by 60 beds. The overall construction status of the processing plant was 16% at the end of Q4 2023 based on the updated project scope and 23% as at the end of February 2024
- 채굴: Mine rehabilitation works were continued in Q4 2023. This work lays the foundation for safe and efficient trial mining to commence at the end of Q1 2024 or early Q2 2024
- 날루나크 탐사: New underground samples beyond the historically mined areas of Target Block, Nalunaq's largest historic mining block, confirmed continuation of high-grade mineralisation into modelled extension area with grades of up to 48.3g/t Au over 1m. Additional intersections of the newly discovered 75 Vein provide further confidence in its thickness and continuity
- 전략광물: Provisional results from Sava 2023 Drilling programme further indicate the existence of a new 120km long copper district in South Greenland. The Stendalen Drilling programme in 2023 resulted in a significant new Ni-Cu discovery at the Stendalen Project.
Nalunaq 프로젝트 KPI
- 45,384 hours worked during Q4 2023. 107,184 total hours worked during FY 2023
- Daily average of 33 people working on site at Nalunaq in Q4 2023
- One Lost Time Injury (LTI) in 2023
- Amaroq remains committed to ensuring local representation among the workforce, with the ratio of Greenlandic personnel at Nalunaq standing at 61% for 2023
2024 Outlook
- 허용: The public consultation for the Environmental Impact Assessment (EIA) and Social Impact Assessment (SIA) for Nalunaq closed on 1st March 2024. The Company is following the process agreed with the Government of Greenland to respond to the small number of comments received
- 공학: Engineering for the processing plant is expected to be completed in Q2 2024
- Contracting and Procurement: The remaining contracts are expected to be concluded in Q2 2024. The only outstanding major contract is the installation of the processing plant components. The quotes of different bidders are currently being evaluated and the contract will then be awarded
- 건설: Placement of the process plant foundations is nearing completion. The erection of the steel structure of the process plant building is expected to commence in April 2024 and the installation of the mechanical and electrical process plant components is scheduled for the second half of 2024
- 채굴: The rehabilitation of the ramp from the 300 level portal to the Mountain Block is nearing completion and will be followed by the development of a ramp extending higher up into the Mountain Block. Rehabilitation of the mine will progress based on the location of future planned mining activities. The Company expects to mine first gold in 2024 and plans to provide a progress update with timings for guidance for the project at an investor event in June 2024. First production guidance for 2025 will be provided towards the end of 2024.
- 지원 인프라: In 2024 additional containers will be added, which will allow Amaroq to accommodate in total up to 120 persons
- 날루나크 탐사: Underground focused exploration will continue to target extension of the Mountain and Target Blocks as well as further delineating the newly discovered 75 Vein
- 전략광물: Ni-Cu exploration will continue at the Stendalen discovery with an expanded drilling programme targeting sulphide zone. Exploration at Target West will look to further expand the identified copper mineralisation and assess high grade potential. Regional exploration will focus on additional copper targeting within the Copper belt, Ni-Cu sulphide target similar to Stendalen and rare earth element (REE) targeting at Nunarsuit
2024 Operational Workplan
Nalunaq 개발 작업 계획
- 날루나크
- The main ramp will be developed from 720 level upwards into the Mountain Block. Starting from the ramp, crosscuts will be driven into the main vein at different levels and then drifts will be developed following the strike of the vein. At a later stage the ore between these ore drifts will be mined using the long-hole stoping method. Later in 2024, development and exploration drilling activities will be carried out in the Target Block in parallel to the aforementioned works. Rehabilitation of the mine will continue depending on the locations, where future mining activities are planned.
금 탐사 프로젝트
- 날루나크
- Following the underground rehabilitation, exploration will now switch to underground drilling to target continued extensions of both the Mountain and Target Blocks while simultaneously targeting further intersections into the 75 vein.
- 나노크
- Following the expansion of the mineral potential at Nanoq in 2023, the Company will construct facilities and finalise exploration plans allowing Amaroq the option to conduct a maiden core drilling programme across the first target at Nanoq. In addition, ground studies will be conducted to further establish the additional targets generated by the geophysical and modelling work completed in 2023.
- Vagar and Surrounding Areas
- Amaroq intends to conduct a target generation programme across the Vagar licence, including Vagar Ridge and other priority areas in the local vicinity such as Eagle’s Nest, aimed at delineating accessible high-grade material. Management believes that this material could constitute future high-grade feed to the Nalunaq plant as it develops and expands.
전략적 광물 프로젝트(Amaroq 51%)
- 사바 구리 벨트(사바/북사바)
- Exploration at Target West will concentrate on further defining Unit 1, which hosts observed copper mineralisation. Mapping, sampling and a limited drilling programme will look to expand the footprint of Unit 1 and test for higher grade material at depth.
- Target generation programmes will continue across Sava, North Sava and the full extent of the Copper Belt assessing high priority porphyry and IOCG targets on the ground. The aim of this programme will be to define new areas for scout drilling.
- 스텐달렌
- Following the new Ni-Cu discovery made at Stendalen, Amaroq intends to mobilise three drill rigs and a semi-permanent camp to site to facilitate an expanded drilling programme. Drilling will focus on intersecting further target areas at the base of the Stendalen intrusion including the interpreted Feeder Zone targeting massive sulphide mineralisation.
- The Company plans to conduct further ground geophysics to provide further confidence to the overall extend and geometry of the intrusion and associated sulphide mineralisation.
- Leveraging off the data from this discovery, ground studies will also assess the potential for further target areas with Stendalen and more regionally.
- 코버마인버그
- Amaroq will continue to review the results of the detailed geophysical programme conducted over the Kobberminebugt licence in 2023. Specific geophysical targets will be followed up in the field with detailed mapping and surface sampling ahead of defining more definitive targets for future scout drilling.
- Nunarsuit
- Geophysical data collected during 2023 is currently being fully assessed and Amaroq aim to conduct a targeted field programme on the licence during the summer of 2024. Initial targets will include specific geophysical anomalies as well as outcropping niobium bearing pegmatites.
아마록 재무 결과
The following selected financial data is extracted from the Financial Statements for the three months ended December 31, 2023.
재무 결과
31 월 XNUMX 일 종료 XNUMX 개월 | 연말 31년 일월 | |||
2023 $ | 2022 $ | 2023 $ | 2022 $ | |
탐사 및 평가 비용 | 879,326 | 1,697,334 | 6,616,652 | 12,700,526 |
사이트 개발 비용 | 690,179 | - | 2,515,743 | - |
일반 및 행정 | 5,616,655 | 3,203,588 | 13,631,912 | 10,150,020 |
(이익) 종속기업에 대한 지배력 상실로 인한 이익 | - | - | (31,340,880) | - |
Share of 3 and 12-months loss of an equity-accounted joint arrangement | 2,871,156 | - | 7,892,387 | - |
당기 순이익 (손실) 및 포괄 손익 (손실) | (14,259,099) | (4,426,345) | (833,513) | (21,898,963) |
보통주당 기본이익(손실) | (0.050) | (0.020) | (0.003) | (0.11) |
재무 상태
31월 XNUMX일 현재 | 30년 XNUMX월 현재 | |
2023 $ | 2023 $ | |
손 안에 현금 | 21,014,633 | 53,655,954 |
총자산 | 106,953,183 | 111,193,232 |
Total current liabilities (before convertible notes liability) | 6,354,185 | 2,818,672 |
주주 지분 | 64,278,637 | 77,982,519 |
Working capital (before convertible notes liability) | 37,614,068 | 58,690,730 |
Gold business liquidity (excludes $18.7M and $22.5M ring-fenced for strategic mineral exploration as of Dec 31, 2023 and Sept 30, 2023 respectively) | 59,514,633 | 92,353,824 |
끝
문의 :
아마로크 미네랄 주식회사
Eldur Olafsson, 전무 이사 겸 CEO
[이메일 보호]
Eddie Wyvill, 기업 개발
+44 (0)7713 126727
[이메일 보호]
Stifel Nicolaus Europe Limited(지명 고문 및 공동 Broker)
칼럼 스튜어트
바룬 탈와르
사이먼 멘슬리
애쉬튼 클랜필드
+ 44 (0) 20 7710 7600
Panmure Gordon (영국) Limited (공동 Broker)
휴 리치
더기 맥클레드
+ 44 (0) 20 7886 2500
카마르코(재무홍보)
빌리 클레 그
엘피 켄트
찰리 딩월
+ 44 (0) 20 3757 4980
회사 업데이트:
Twitter에서 @Amaroq_mineral을 팔로우하세요.
LinkedIn에서 Amaroq Minerals Inc. 팔로우
추가 정보 :
아마록 미네랄 소개
Amaroq Minerals의 주요 사업 목표는 그린란드에서 금 및 전략적 금속 자산을 식별, 획득, 탐사 및 개발하는 것입니다. 회사의 주요 자산은 이전에 운영되었던 Nalunaq 금광을 포함하여 개발 라이센스가 있는 개발 단계 부동산인 Nalunaq 프로젝트에 대한 100% 지분입니다. 회사는 그린란드 남부 지역에서 알려진 두 개의 금 벨트를 포괄하는 금 및 전략적 금속 자산 포트폴리오를 보유하고 있습니다. Amaroq Minerals는 캐나다 기업법(Canada Business Corporations Act)에 따라 법인화되었으며 그린란드 공공회사법(Greenland Public Companies Act)에 따라 법인화된 Nalunaq A/S를 완전히 소유하고 있습니다.
본 보도자료의 특정 진술은 해당 증권법의 의미 내에서 "미래 예측 진술" 또는 "미래 예측 정보"를 구성합니다. 이러한 진술 및 정보에는 회사, 프로젝트 또는 산업 결과의 실제 결과, 성과 또는 성취가 표현되거나 암시된 미래의 결과, 성과 또는 성취와 실질적으로 다를 수 있는 알려지거나 알려지지 않은 위험, 불확실성 및 기타 요인이 포함됩니다. 그러한 미래 예측 진술이나 정보를 통해. 이러한 진술은 "할 수도 있다", "할 것이다", "할 수 있다", "할 것이다", "의도하다", "기대하다", "믿다", "계획하다", "예상하다", "추정하다"와 같은 단어를 사용하여 식별할 수 있습니다. ", "예정된", "예측", "예측" 및 기타 유사한 용어를 사용하거나 특정 조치, 사건 또는 결과가 "할 수 있다", "할 수 있다", "할 것이다", "할 수 있다" 또는 "할 것이다"라고 명시합니다. 또는 달성됩니다. 이러한 진술은 미래의 사건, 성과 및 결과에 대한 회사의 현재 기대를 반영하며 본 발표일 현재의 내용만을 담고 있습니다.
미래예측 진술 및 정보는 상당한 위험과 불확실성을 포함하고 있으며, 미래의 성과나 결과를 보장하는 것으로 읽어서는 안 되며, 그러한 결과의 달성 여부에 대한 정확한 지표가 될 필요도 없습니다. 중대한 불리한 변화, 법률, 규칙 또는 규정의 예상치 못한 변화 또는 해당 당국의 집행을 포함하되 이에 국한되지 않는 여러 가지 요인으로 인해 실제 결과가 미래예측 진술 또는 정보에 논의된 결과와 실질적으로 다를 수 있습니다. ; 합의된 대로 이행하기 위해 회사와 계약 당사자의 실패; 사회적 또는 노동적 불안; 상품 가격의 변화; 지속적인 탐사, 연구, 개발 또는 운영을 정당화하고 지원하는 예상 결과 또는 결과를 제공하기 위한 탐사, 개조, 개발 또는 채광 프로그램이나 연구의 실패.
TSX Venture Exchange 또는 규제 서비스 제공 업체 (TSX Venture Exchange의 정책에 정의 된 용어)는이 릴리스의 적절성 또는 정확성에 대한 책임을지지 않습니다.
용어사전
Ag | 은 |
Au | 금 |
Cu | 구리 |
EIA | 환경 영향 평가 |
EU | 유럽 연합 |
g | g |
g / t | 톤당 그램 |
IOCG | Iron Ore, Copper, Gold |
km | 킬로미터 |
코즈 | 천 온스 |
LTI | 잃어버린 시간 부상 |
m | 미터 |
Mo | 몰리브덴 |
MRE | 광물 자원 추정 |
Nb | 니오브 |
Ni | 니켈 |
oz | 온스 |
리 | 희토류 원소 |
SIA | 사회적 영향 평가 |
t | 톤 |
Ti | 티타늄 |
t / m3 | 톤/입방미터 |
U | 우라늄 |
V | 바나듐 |
Zn | 아연 |
내부 정보
이 발표에는 시장 남용에 관한 규정(EU) 번호 7/596("UK MAR")의 영국 버전 2014조의 목적을 위한 내부 정보가 포함되어 있습니다. 철회) 법 2018 및 시장 남용에 관한 규정(EU) 번호 596/2014("EU MAR").
유자격자 진술
이 보도 자료에 제시된 기술 정보는 James Gilbertson CGeol, Amaroq Minerals 탐사 부사장이자 런던 지질학회 공인 지질학자이자 NI 43-101에서 정의한 자격을 갖춘 사람의 승인을 받았습니다.
아마로크 미네랄 주식회사
감사된 통합 재무제표
31년 2023월 2022일과 XNUMX년 XNUMX월 XNUMX일에 종료되는 회계연도
31월 XNUMX일 현재와 마찬가지로, | 31월 XNUMX일 현재와 마찬가지로, | ||
노트 | 2023 | 2022 | |
$ | $ | ||
자산 | |||
유동 자산 | |||
현금 | 21,014,633 | 50,137,569 | |
특수관계인으로부터 납부 | 21.1 | 3,521,938 | - |
판매세 미수금 | 69,756 | 95,890 | |
선불비용 및 기타 | 5 | 18,681,568 | 450,290 |
목록 | 680,358 | - | |
총 유동 자산 | 43,968,253 | 50,683,749 | |
비유동 자산 | |||
입금 | 27,944 | 27,944 | |
환경 모니터링을 위한 에스크로 계정 | 6 | 598,939 | 427,120 |
지분법 공동약정에 대한 투자 | 7 | 23,492,811 | - |
미네랄 속성 | 8 | 48,821 | 85,579 |
사용권 자산 | 11.1 | 574,856 | 655,063 |
자본 자산 | 9 | 38,241,559 | 13,216,606 |
비유동 자산 | 62,984,930 | 14,412,312 | |
TOTAL 자산 | 106,953,183 | 65,096,061 | |
부채 및 자본 | |||
유동 부채 | |||
채무 및 발생 부채 | 6,273,979 | 1,138,961 | |
컨버터블 노트 | 10 | 35,743,127 | - |
Lease liabilities – current portion | 11 | 80,206 | 71,797 |
총 유동 부채 | 42,097,312 | 1,210,758 | |
비유동 부채 | |||
리스 부채 | 11 | 577,234 | 657,440 |
비유동 부채 | 577,234 | 657,440 | |
총 부채 | 42,674,546 | 1,868,198 | |
공평 | |||
자본금 | 12 | 132,117,971 | 131,708,387 |
기여한 잉여 | 13 | 6,725,568 | 5,250,865 |
기타 포괄 손익 누계액 | (36,772) | (36,772) | |
부족 | (74,528,130) | (73,694,617) | |
총 자본 | 64,278,637 | 63,227,863 | |
부채와 자본 | 106,953,183 | 65,096,061 | |
후속 이벤트 | 23 | ||
첨부 된 주석은 이러한 연결 재무 제표의 필수적인 부분입니다.
이사회를 대신하여 승인됨
(s) 엘두르 올라프손 | (s) 라인 프레데릭센 | |
엘두르 올라프손 | 라인 프레데릭센 | |
책임자 | 책임자 |
노트 | 2023 | 2022 | |
$ | $ | ||
경비 | |||
탐사 및 평가 비용 | 16 | 6,616,652 | 12,700,526 |
사이트 개발 비용 | 2,515,743 | - | |
일반 및 행정 | 17 | 13,631,912 | 10,150,020 |
자본자산처분손실 | 37,791 | 100,536 | |
외환 손실 (이득) | (306,705) | (849,773) | |
운영 손실 | 22,495,393 | 22,101,309 | |
기타 비용 (수입) | |||
이자 소득 | (1,069,559) | (239,869) | |
프로젝트 관리 수입 | 21.1 | (1,714,559) | - |
자회사 지배력 상실로 인한 이익 | 7 | (31,340,880) | - |
Share of net losses of joint arrangement | 7 | 7,892,387 | - |
Unrealised loss on derivative liability | 10 | 4,536,411 | - |
금융 비용 | 18 | 34,320 | 37,523 |
순손실 및 종합 손실 | (833,513) | (21,898,963) | |
Weighted average number of common shares outstanding - basic and diluted | 272,623,548 | 191,575,781 | |
보통 주당 기본 및 희석 손실 | 20 | (0.003) | (0.11) |
첨부 된 주석은 이러한 연결 재무 제표의 필수적인 부분입니다.
노트 | 보통주식수 두드러진 | 자본 재고 | 기여한 잉여 | 기타 포괄 손익 누계액 | 부족 | 금액 공평 | |
$ | $ | $ | $ | $ | |||
Balance, 1 년 2022 월 XNUMX 일 | 177,098,737 | 88,500,205 | 3,300,723 | (36,772) | (51,795,654) | 39,968,502 | |
순손실 및 종합 손실 | - | - | - | - | (21,898,963) | (21,898,963) | |
모금을 통한 주식발행 | 85,714,285 | 46,313,551 | - | - | - | 46,313,551 | |
발행 비용 공유 | - | (3,331,569) | - | - | - | (3,331,569) | |
행사된 옵션 | 260,000 | 226,200 | (96,200) | - | - | 130,000 | |
주식 기반 보상 | 13.1 | - | - | 2,046,342 | - | - | 2,046,342 |
잔액, 31년 2022월 XNUMX일 | 263,073,022 | 131,708,387 | 5,250,865 | (36,772) | (73,694,617) | 63,227,863 | |
Balance, 1 년 2023 월 XNUMX 일 | 263,073,022 | 131,708,387 | 5,250,865 | (36,772) | (73,694,617) | 63,227,863 | |
순손실 및 종합 손실 | - | - | - | - | (833,513) | (833,513) | |
- | - | - | - | - | - | ||
모금을 통한 주식발행 | - | - | - | - | - | - | |
발행 비용 공유 | - | - | - | - | - | - | |
행사된 옵션, 순액 | 597,029 | 409,584 | (433,600) | - | - | (24,016) | |
주식 기반 보상 | 13.1 | - | - | 1,908,303 | - | - | 1,908,303 |
잔액, 31년 2023월 XNUMX일 | 263,670,051 | 132,117,971 | 6,725,568 | (36,772) | (74,528,130) | 64,278,637 |
첨부 된 주석은 이러한 연결 재무 제표의 필수적인 부분입니다.
노트 | 2023 | 2022 | |
$ | $ | ||
영업 활동 | |||
순손실 | (833,513) | (21,898,963) | |
다음에 대한 조정 : | |||
감가 상각 | 9 | 698,273 | 770,492 |
Amortisation of ROU asset | 11.1 | 80,207 | 80,207 |
주식 기반 보상 | 13.1 | 1,908,303 | 2,046,342 |
파생상품부채 미실현손실 | 10 | 4,536,411 | - |
Convertible note transaction cost expensed | 10.2 | 641,528 | - |
자회사 지배력 상실로 인한 이익 | 7 | (31,340,880) | - |
Share of net losses of joint arrangement | 7 | 7,892,387 | - |
기타 경비 | - | 2,785 | |
자본자산처분손실 | 37,791 | 100,536 | |
외국환 | (365,324) | (882,897) | |
(16,744,817) | (19,781,498) | ||
비현금 운전자본 항목의 변경 사항: | |||
판매세 미수금 | 26,133 | (44,640) | |
특수관계인으로부터 납부 | (3,521,938) | - | |
선불비용 및 기타 | (19,043,990) | (183,673) | |
환경 모니터링을 위한 에스크로 계정 | 6 | (168,140) | - |
매입 채무 및 기타 채무 | 5,093,572 | (864,477) | |
(17,614,363) | (1,092,790) | ||
영업 활동에 사용 된 현금 흐름 | (34,359,180) | (20,874,288) | |
투자 활동 | |||
광물성 취득 | 8 | - | (23,335) |
자본자산의 취득 | 9 | (24,303,517) | (301,957) |
자본자산의 처분 | 9 | - | 63,325 |
투자 활동에 사용되는 현금 흐름 | (24,303,517) | (261,967) | |
금융 활동 | |||
주식 발행 | - | 46,313,551 | |
발행 비용 공유 | - | (3,331,569) | |
Convertible note issue | 10 | 30,431,180 | - |
Convertible note transaction costs | 10.2 | (1,004,030) | - |
Principal repayment – lease liabilities | 11 | (71,797) | (50,722) |
스톡 옵션 행사 | - | 130,000 | |
금융 활동으로 인한 현금 흐름 | 29,355,353 | 43,061,260 | |
현금에 대한 환율 변동 효과 전 현금 순 변동 | (29,307,344) | 21,925,005 | |
환율변동이 현금에 미치는 영향 | 184,408 | 888,105 | |
현금의 순 변동 | (29,122,936) | 22,813,110 | |
현금, 시작 | 50,137,569 | 27,324,459 | |
현금, 결말 | 21,014,633 | 50,137,569 | |
추가 현금 흐름 정보 | |||
Borrowing costs capitalised to capital assets (note 9,10) | 1,457,638 | - | |
받은이자 | 1,069,559 | 239,869 | |
첨부 된 주석은 이러한 연결 재무 제표의 필수적인 부분입니다.
1. NATURE OF OPERATIONS AND BASIS OF PRESENTATION
Amaroq Minerals Ltd. (the “Corporation”) was incorporated on February 22, 2017 under the 캐나다 기업법. The Corporation’s head office is situated at 3400, One First Canadian Place, P.O. Box 130, Toronto, Ontario, M5X 1A4, Canada. The Corporation operates in one industry segment, being the acquisition, exploration and development of mineral properties. It owns interests in properties located in Greenland. The Corporation’s financial year ends on December 31. Since July 2017, the Corporation’s shares are listed on the TSX Venture Exchange (the “TSX-V”), since July 2020, the Corporation’s shares are also listed on the AIM market of the London Stock Exchange (“AIM”) and from November 1, 2022, on Nasdaq First North Growth Market Iceland which were transferred on September 21, 2023 on Nasdaq Main Market Iceland (“Nasdaq”) under the AMRQ ticker.
These consolidated financial statements (“Financial Statements”) were reviewed and authorized for issue by the Board of Directors on March 26, 2024.
2. 신규 및 개정된 표준의 채택
2.1 New and amended accounting standards effective for the current year
In the current year, the Corporation has applied a number of amendments to IFRS Accounting Standards issued by the International Accounting Standards Board (IASB) that have an effective date of 1 January 2023. The adoption of these standards has not had any material impact on the disclosures and amounts reported in these financial statements.
IAS 1 개정 Presentation of Financing Statements 및 IFRS 실행 선언문 2 Making Materiality Judgments – 회계정책의 공개
The amendments change the requirements in IAS 1 with regard to disclosure of accounting policies. The amendments replace the term ‘significant accounting policies’ with ‘material accounting policy information’. Accounting policy information is material if, when considered together with other information in the Corporation’s consolidated financial statements, can reasonable be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements. IFRS Practice Statement 2 offers additional optional guidance using a systematic four-step process to help companies make material judgments when preparing financial statements.
The Corporation has adopted the amendments to IAS 1 by disclosing material accounting policy information.
2. 신규 및 개정된 표준의 채택 (계속)
IAS 8 개정 회계정책, 회계추정 및 오류의 변경 – Definition of Accounting Estimates
This amendment to IAS 8 eliminate the definition of a change in accounting estimate and replaces it with a definition of accounting estimates. Under the new definition, accounting estimates are “monetary amounts in financial statements that are subject to estimation uncertainty”.
2.2 Accounting standards issued but not yet effective
회사는 아직 특정 표준, 기존 표준에 대한 해석 및 발행되었지만 발효일이 1년 2023월 XNUMX일 이후인 개정안을 채택하지 않았습니다. 이러한 업데이트 중 많은 부분이 회사에 중대한 영향을 미치지 않을 것으로 예상되므로 여기에서 논의되지 않았습니다.
- Amendment to IFRS 10 and IAS 28 투자자와 그 관계회사 또는 합작 투자회사 간의 자산 매각 또는 기여
- IAS 1 개정 부채의 유동 또는 비유동 분류
- IAS 1 개정 약정이 있는 비유동부채
- IAS 7 및 IFRS 7 개정 공급업체 금융 계약
- IFRS 16 개정 세일 앤 리스백의 리스 책임
The Corporation does not expect that the adoption of the Standards listed above will have a material impact on the financial statements except as indicated below.
IFRS 10 개정 연결재무제표 IAS 28 Investments in Associates and Joint Ventures - 투자자와 그 관계회사 또는 합작 투자회사 간의 자산 매각 또는 기여
These amendments apply to situations in which there is a sale or contribution of assets between an investor and its associate or joint venture. According to the amendments, gains or losses arising from the loss of control of a subsidiary that does not contain a business in a transaction with an associate or a joint venture accounted for under the equity method, are recognised in the parent’s profit or loss only to the extent of the unrelated investors’ interest in that associate or joint venture. Similarly, gains and losses resulting from the remeasurements of an investment retained in a former subsidiary are recognised in the former parent’s profit or loss only to the extent of the unrelated investors’ interests in the new associate or joint venture.
An effective date for these amendments has not been set yet. The Corporation anticipates that these amendments may impact the Corporation’s consolidated financial statements in future periods if such transactions were to occur.
IAS 1 개정 Presentation of Financial Statements – 부채의 유동 또는 비유동 분류
These amendments, published in January 2020, only affect the presentation of liabilities in the statement of financial position by clarifying that the classification of liabilities as current or non-current should be based on rights that are in existence at the end of the reporting period, regardless of expectations regarding the exercise of the right to defer settlement. Furthermore, the amendments explain that are rights are in existence if covenants are complied with at the end of the reporting period and define settlement as the transfer to the counter party of cash, equity instruments, other assets or services.
The amendments are applied retrospectively for annual periods beginning on or after 1 January 2024. Earlier application is permitted but requires that the 2022 IAS 1 amendments are applied early as well.
2. 신규 및 개정된 표준의 채택 (계속)
The Corporations expects that the application of these amendments may have an impact on the consolidated financial statements.
IAS 1 개정 Presentation of Financial Statements – 약정이 있는 비유동부채
These amendments, published in October 2022, indicate that only covenants that must be complied with on or before the end of the reporting period affect the right to defer settlement of a liability for at least twelve months after the reporting date and must be considered in assessing the classification of the liability as current or non-current. The right to defer settlement is not affected if the covenants must be complied with after the reporting period, however, if the right to defer settlement of a liability is subject to complying with covenants within twelve months after the reporting period, disclosures must be made to enable users to understand the risk of the liabilities becoming repayable within twelve months after the reporting period.
The amendments are applied retrospectively for annual periods beginning on or after 1 January 2024. Earlier application is permitted but requires that the 2020 IAS 1 amendments are applied early as well.
The Corporations expects that the application of these amendments may have an impact on the consolidated financial statements.
3. MATERIAL ACCOUNTING POLICIES
3.1 회계의 기초
The Financial Statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and interpretations issued by the International Financial Reporting Interpretations Committee. (“IFRIC”).
The Financial Statements have been prepared on the historical cost basis, except for financial instruments at fair value.
3.2 관심가는
The Financial Statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.
3. MATERIAL ACCOUNTING POLICIES (계속)
3.3 통합 근거
The Financial Statements include the accounts of the Corporation and those of its subsidiary Nalunaq A/S, corporation incorporated under the 그린란드 공기업법, 100% 소유.
통제는 활동에서 이익을 얻기 위해 기업의 재무 및 운영 정책을 지시하는 권한으로 정의됩니다. 종속기업의 연결재무제표에 표시된 금액은 회사가 채택한 회계 정책을 충족하기 위해 필요한 경우 조정되었습니다.
해당 연도에 설립, 취득 또는 판매된 자회사의 손익 또는 기타 포괄적 손실은 실제 취득일로부터 또는 매각 유효일(있는 경우)까지로 기록됩니다. 모든 회사 간 거래, 잔액, 수입 및 비용은 연결 시 제거됩니다.
3.4 Investments in joint venture
The financial results of the Corporation’s investments in its joint arrangement are included in the Corporation’s results using the equity method. Under the equity method, the investment is initially recognized at cost, and the carrying amount is increased or decreased to recognize the Corporation’s share of comprehensive income or loss of the joint venture after the date of acquisition. The Corporation’s share of profits or losses is recognized in the condensed interim statement of income (loss).
The Corporation assesses at each period-end whether there is any objective evidence that its investments in joint ventures are impaired. If impaired, the carrying value of the Corporation’s share of the underlying assets of the joint venture is written down to its estimated recoverable amount (being the higher of fair value less costs of disposal and value in use) and charged to the statement of income (loss).
3.5 Functional and presentation currency – Foreign currency transactions
The functional and presentation currency of the Corporation is Canadian dollars (“CAD”). The functional currency of Nalunaq A/S and Gardaq A/S is CAD. The functional currency of Nalunaq A/S and Gardaq A/S is determined using the currency of the primary source of economic activity and using the currency which is more representative of the economic effect of the underlying financings, transactions, events and conditions.
외화거래는 해당 거래일의 적절한 환율을 적용하여 기초실체의 기능통화로 환산합니다. 외화로 표시된 화폐성 자산과 부채는 매 보고기간말 현재 유효한 기능통화율로 환산하고 있습니다. 이러한 거래의 결제에 따른 외환손익은 당기손익으로 인식하고 있습니다.
3. MATERIAL ACCOUNTING POLICIES (계속)
3.6 Mineral properties and exploration and evaluation expenses
광물 재산에는 사업 결합이나 자산 취득을 통해 지불하거나 취득한 광업 재산에 대한 권리, 경제적 잠재력이 있는 광상에 대한 초기 탐색 또는 기존 광상에 대한 추가 정보 획득과 관련된 비용이 포함됩니다.
관심 지역에 대한 탐사 및 평가를 수행할 법적 권리를 획득하기 전에 발생한 모든 비용은 발생 시 비용으로 처리됩니다.
광업권은 취득원가 또는 가치감소로 인한 평가절하의 경우 회수가능액으로 계상하고 있습니다. 채광권과 채광권에 대한 완전한 지분을 취득할 수 있는 옵션은 이러한 자산이 상업적 생산에 투입될 때만 감가상각됩니다. 광물자산 매각대금은 관련 유지비에서 차감하고 초과액이나 부족액은 연결포괄손익계산서상 손익으로 계상하고 있습니다.
Exploration and evaluation expenses (“E&E expenses”) also typically include costs associated with prospecting, sampling, trenching, drilling and other work involved in searching for ore such as topographical, geological, geochemical and geophysical studies. Generally, expenditures relating to exploration and evaluation activities are expensed as incurred.
E&E 비용에는 탐사를 통해 확인되었거나 사업 결합 또는 자산 인수를 통해 획득한 광물 자원 추출의 기술적 및 상업적 실행 가능성을 설정하는 것과 관련된 비용이 포함됩니다. E&E에는 다음 비용이 포함됩니다.
- 광물 자원 또는 입증되고 가능한 매장량으로 분류되는 광체에서 코어 샘플의 시추, 도랑 파기 및 샘플링 활동을 통해 퇴적물의 양과 등급을 설정합니다.
- determining the optimal methods of extraction and metallurgical and treatment processes, including the separation process, for Corporation’ mining properties;
- 측량, 운송 및 인프라 요구 사항과 관련된 연구;
- 활동 허용; 그리고
- economic evaluations to determine whether development of the mineralized material is commercially justified.
Technical feasibility and commercial viability of an exploration and evaluation asset are demonstrated when considering the facts and circumstances relating to the asset under assessment. These facts and circumstances include, but are not limited to, the following:
- The life of mine plan and economic modeling support the economic extraction of such resources and/or reserves;
- The operating and environment permits for the area to be mined exist or are reasonably assured as obtained; and
- The Board has approved the decision to proceed to the development phase
E&E는 관련 활동에 직접적으로 관련되는 간접비를 포함합니다.
3. MATERIAL ACCOUNTING POLICIES (계속)
3.7 자본 자산
Capital assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes expenditures that are directly attributable to the acquisition of an asset. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefit associated with the item will flow to the Corporation and the cost can be measured reliably. The carrying amount of a replaced asset is derecognized when replaced.
무형 자산에는 명확한 내용 수명을 가진 소프트웨어가 포함됩니다. 자산은 연결포괄손익계산서에 정액법으로 자본화 및 상각됩니다. 무형자산이 손상될 수 있다는 징후가 있을 때마다 무형자산이 손상되었는지 평가합니다.
감가상각은 정액법을 사용하여 예상 내용연수 동안 자산의 잔존 가치를 뺀 비용을 상각하여 주요 범주별로 다음 기간에 따라 상각합니다.
Field equipment and infrastructure related to exploration and evaluation activities | 3 ~ 10 년 |
차량 및 철도 차량 | 3 ~ 10 년 |
장비 | 3 ~ 10 년 |
소프트웨어 | 3 ~ 10 년 |
사용권 자산 | 임대 기간 |
자본 자산의 감가상각은 탐사 활동과 관련된 경우 탐사 및 평가 비용 정책에 따라 비용으로 처리됩니다. 탐사평가활동과 관련이 없는 것은 감가상각비를 연결포괄손익계산서에 직접 인식하고 있습니다. 건설 중 자산으로 자본화된 자산은 아직 사용할 수 없기 때문에 감가상각되지 않습니다.
자산의 잔존가치, 감가상각 방법 및 내용연수는 매년 검토하고 적절한 경우 조정합니다.
Proceeds from selling items before the related item of Property, plant and equipment is available for use are recognized in profit or loss, together with the costs of producing those items. The Corporation therefore distinguishes between the costs associated with producing and selling items before the item of Property, plant and equipment (pre-production revenue) is available for use and the costs associated with making the item of Property, plant and equipment available for its intended use. For the sale of items that are not part of the Corporation’s ordinary activities, the Corporation discloses separately the sales proceeds and related production cost recognized in profit or loss and specify the line items in which such proceeds and costs are included in the consolidated statement of comprehensive loss.
3. MATERIAL ACCOUNTING POLICIES (계속)
3.7.1 Nalunaq mine project
Management established that effective September 1, 2023, the Nalunaq Project is in the development phase. Accordingly, all expenditures related to the restart of the Nalunaq mine and the associated development of the initial processing plant and surface infrastructure are capitalized under Construction in Progress within Capital assets (see note 9). Capitalized expenditures will be carried at cost until the Nalunaq Project is placed into commercial production, sold, abandoned, or determined by management to be impaired in value. The mine and mobile equipment, process plant building and the Nalunaq mine are not yet available for use as intended by Management as at December 31, 2023, therefore, depreciation has not yet commenced.
3.8 임대
리스개시일에 리스료를 지급하기 위한 부채(즉, 리스부채)를 인식하고 리스기간 동안 기초자산을 사용할 권리를 나타내는 자산(즉, 사용권자산)은 또한 인식. 리스부채에 대한 이자비용은 사용권자산에 대한 감가상각비와 별도로 인식됩니다.
The lease liability is remeasured upon the occurrence of certain events (e.g., a change in the lease term, a change in future lease payments resulting from a change in an index or rate used to determine those payments). This remeasurement is generally recognized as an adjustment to the right-of-use asset. Leases of “low-value” assets and short-term leases (12 months or less) are recognized on a straight-line basis as an expense in the consolidated statement of comprehensive loss.
3.9 차입 비용
Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets are added to the cost of those assets. Qualifying assets are assets that take a substantial period of time until they are ready for their intended use. Borrowing costs, less any temporary investment income on those borrowings, that are directly attributable to the acquisition, construction or production of a qualifying asset are included in the cost of that asset if it is probable that they will result in future economic benefits to the Corporation and the costs can be measured reliably. Borrowing costs that are incurred for general purposes are allocated to qualifying assets by applying a capitalisation rate to the expenditures on that asset. The capitalisation rate shall be the weighted average of the borrowing costs appliable to all borrowings of the Corporation that are outstanding during the period. Capitalisation of borrowing costs ceases when the all the activities necessary to prepare the qualifying asset for its intended use or sale are substantially complete.
그 밖의 모든 차입원가는 발생한 기간에 당기손익으로 인식합니다.
3. MATERIAL ACCOUNTING POLICIES (계속)
3.10 비금융 자산의 손상
광물자산 및 자본자산은 장부금액이 회수가능하지 않을 것이라는 징후가 있는 경우 손상여부를 검토하고 있습니다. 건설 중인 자산은 아직 감가상각되지 않았기 때문에 매년 손상 검사를 받아야 합니다. 광물 자산 및 자본 자산은 관심 영역별로 검토됩니다. 그러한 징후가 있는 경우 손상 여부를 결정하기 위해 자산의 회수가능액을 추정합니다. 해당 자산이 다른 자산과 독립적인 현금흐름을 창출하지 못하는 경우 연결실체는 해당 자산이 속한 자산군의 회수가능액을 추정하고 있습니다.
An asset’s recoverable amount is the higher of fair value less costs of disposal and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value, using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which estimates of future cash flows have not been adjusted.
자산 또는 자산집단의 회수가능액이 장부금액에 미달할 것으로 추정되는 경우에는 장부금액을 회수가능액으로 감액하고 있습니다. 손상차손은 연결포괄손익계산서에 즉시 인식하고 있습니다. 후속적으로 손상이 회복되는 경우, 장부금액은 수정된 회수가능액 추정치로 증가하지만, 이전에 손상이 인식되지 않았더라면 결정되었을 장부금액을 초과하지 않는 범위 내에서만 증가합니다. 환입은 해당 기간에 대한 손상차손의 감소로 인식됩니다.
3.11 Environmental monitoring provision
충당부채는 과거 사건의 결과로 현재의 법적 또는 의제의무가 존재하고 그 의무를 이행하기 위해 경제적 효익을 갖는 자원의 유출 가능성이 높고 해당 의무 금액을 신뢰성 있게 추정할 수 있는 경우에 충당부채로 기록됩니다. . 회사는 토지 매립, 유해 물질 배출 및 환경 모니터링을 포함하여 환경 문제와 관련된 법률 및 규정의 적용을 받습니다. 회사는 입증되지 않은 광물 이익의 이전 소유자 및 운영자에 의해 그리고 회사가 이전에 보유했던 이익과 관련하여 발생한 손해에 대해 책임이 있는 것으로 밝혀질 수 있습니다.
충당부채의 추정 순현재가치는 최초 인식시점에 부채로 계상하고 해당 금액을 관련 비금융자산의 자본화원가에 가산하거나 자산이 제각된 경우에는 연결포괄손익계산서에 반영하고 있습니다. 순현재가치는 화폐의 시간가치와 부채의 위험을 반영한 세전 할인율을 적용하여 산정합니다. 충당부채는 추정금액 또는 채무의 결제시기의 변동에 대하여 매 보고기간말에 평가하고 있습니다.
3. MATERIAL ACCOUNTING POLICIES (계속)
3.12 과세
법인세비용은 당기에 납부할 법인세와 이연법인세를 합한 금액입니다.
당기 및 전기의 당기법인세 자산과 부채는 과세당국으로부터 회수되거나 과세당국에 납부될 것으로 예상되는 금액으로 측정하고 있습니다. 금액 산정에 사용된 세율 및 세법은 연결재무상태표일 현재 실질적으로 제정된 세율 및 세법입니다.
연결재무상태표 작성일 현재 자산과 부채의 과세표준과 장부금액과의 일시적차이에 대하여 부채법을 적용하여 이연법인세를 산정하고 있습니다.
다음을 제외한 모든 가산할 일시적차이에 대하여 이연법인세부채를 인식하고 있습니다.
- 이연법인세부채가 사업결합이 아닌 거래에서 영업권, 자산, 부채의 최초 인식으로 발생하고 거래 시점에 회계상 이익이나 과세소득에 영향을 미치지 않는 경우 그리고
- 종속기업, 관계기업 및 합작투자지분에 대한 투자와 관련된 가산할 일시적차이와 관련하여 일시적차이의 소멸시점을 통제할 수 있고 예측 가능한 미래에 일시적차이가 소멸되지 않을 가능성이 높은 경우
3.13 공평
자본금은 주식 발행으로 받은 금액을 나타냅니다. 워런트는 발행된 단위에 대해 받은 금액의 할당과 broker 자금 조달과 관련된 영장. 옵션은 행사될 때까지 스톡옵션과 관련된 비용을 나타냅니다. 기여잉여금에는 만기되었으나 아직 행사되지 않은 스톡옵션 및 신주인수권 관련 비용이 포함됩니다. 기여 잉여에는 주주의 기여도 포함됩니다. 적자에는 현재 및 이전 기간의 모든 보유 이익 또는 손실과 주식 발행 비용이 포함됩니다.
주식 및 신주인수권 발행 비용은 발생 연도에 회계처리되며 주식 및 신주인수권이 발행된 연도에 자본 공제액으로 기록됩니다.
미발행주식과 관련된 비용은 후배주식발행비용으로 계상하고 있습니다. 이러한 비용은 비용과 관련된 주식이 발행될 때까지 연기되며, 이때 비용은 관련 주식 자본에 대해 부과되거나 주식이 발행되지 않은 경우 운영에 부과됩니다.
단위 배치의 수익금은 Black-Scholes 가격 모델을 사용하여 단위 내 가치에 비례하여 발행된 주식과 영장 간에 할당됩니다.
3.14 이자 소득
Interest income from financial assets is accrued, by reference to the principal outstanding and at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset’s net carrying amount.
3. MATERIAL ACCOUNTING POLICIES (계속)
3.15 주식 기반 보상
Employees and consultants of the Corporation may receive a portion of their compensation in the form of share-based payment transactions, whereby employees or consultants render services as consideration for equity instruments (“equity-settled transactions”).
종업원 등과의 주식결제형 거래원가는 부여일의 공정가치를 기준으로 측정하고 있습니다.
The costs of equity-settled transactions are recognized, together with a corresponding increase in equity, over the period in which the performance and/or service conditions are fulfilled, ending on the date on which the relevant employees become fully entitled to the award (“the vesting date”). The cumulative expense is recognized for equity-settled transactions at each reporting date until the vesting date reflects the Corporation’ best estimate of the number of equity instruments that will ultimately vest. The profit or loss charge or credit for a period represents the movement in cumulative expense recognized as at the beginning and end of that period and the corresponding amount is represented in contributed surplus.
No expense is recognized for awards that do not ultimately vest, except for awards where vesting is conditional upon a market condition, which are treated as vesting irrespective of whether or not the market condition is satisfied provided that all other performance and/or service conditions are satisfied.
주식결제형보상 조건이 변경된 경우 인식되는 최소 비용은 조건이 변경되지 않은 것과 같은 비용입니다. 추가 금액은 주식기준보상약정의 공정가치 총액을 증가시키거나 변경일 현재 종업원에게 이익이 되는 변경에 대해 최초 보상 금액과 동일한 기준으로 인식됩니다.
3.16 주당 손실
주당 기본손실은 순손실을 해당 기간 동안의 가중평균 발행 보통주식수로 나누어 계산합니다. 희석 주당 손실은 해당 연도 동안 발행된 가중 평균 보통주 수에서 발행된 옵션, 제한된 주식 단위 및 워런트와 같은 보통주 등가물의 잠재적 희석을 반영합니다. 2023년과 2022년에 발행된 모든 보통주 등가물은 반 희석적이었습니다.
3. MATERIAL ACCOUNTING POLICIES (계속)
3.17 금융 상품
금융자산과 금융부채는 공사가 금융상품 계약의 당사자가 되는 시점에 인식하고 있습니다.
금융자산과 부채는 인식한 금액에 대해 법적으로 집행가능한 무조건적이고 상계할 수 있는 권리가 있고 순액으로 결제하거나 그 자산과 부채를 실현할 의도가 있는 경우에 상계하고 재무상태표에 순액으로 표시하고 있습니다. 동시에 책임을 해결하십시오.
모든 금융상품은 최초 인식시 공정가치로 측정되어야 합니다. 금융상품이 활성시장에서 거래되지 않는 한 공정가치는 공시되는 시장가격을 기준으로 합니다. 이 경우 공정가치는 Black-Scholes 옵션 가격모형과 같은 평가기법이나 기타 평가기법을 사용하여 결정됩니다.
3.17.1 금융자산
금융자산은 금융자산의 현금흐름을 수취할 계약상 권리가 소멸하거나 금융자산 및 실질적인 위험과 보상이 모두 이전된 경우에 제거하고 있습니다. 금융부채는 소멸, 소멸, 취소 또는 만료된 경우 제거됩니다.
Financial assets are initially measured at fair value. If the financial asset is not subsequently accounted for at fair value through profit or loss, then the initial measurement includes transaction costs that are directly attributable to the asset’s acquisition or origination. On initial recognition, the Corporation classifies its financial instruments in the following categories depending on the purpose for which the instruments were acquired.
상각 비용:
Financial assets at amortized cost are non-derivative financial assets with fixed or determinable payments constituted solely of payments of principal and interest that are held within a “held to collect” business model. Financial assets at amortized cost are initially recognized at the amount expected to be received, less, when material, a discount to reduce the financial assets to fair value. Subsequently, financial assets at amortized cost are measured using the effective interest method less a provision for expected losses. The Corporation’s cash, due from a related party, and escrow account for environmental monitoring are classified within this category.
제거로 인해 발생하는 손익은 외환손익과 함께 당기손익으로 직접 인식하고 기타손익으로 표시합니다. 손상차손은 연결포괄손익계산서에 별도 항목으로 표시하고 있습니다.
3. MATERIAL ACCOUNTING POLICIES (계속)
3.17.2 금융부채 및 자본
금융부채는 소멸, 소멸, 종료, 취소 또는 만료된 경우 제거됩니다.
부채 또는 자본으로 분류
Debt and equity instruments are classified as either financial liabilities or as equity in accordance with the contractual arrangements and the definitions of a financial liability and an equity instrument.
상각후원가로 측정하는 금융부채
Financial liabilities are initially measured at fair value. Transaction costs directly attributable to the issuance of the financial liability, other than financial liabilities at fair value through profit or loss, are deducted from the financial liability’s fair value on initial recognition. Transaction costs directly attributable to the issuance of financial liabilities at fair value through profit or loss are recognised immediately in profit or loss.
금융부채는 유효이자율법을 사용하여 후속적으로 상각후원가로 측정하고 있습니다.
지분 상품
An equity instrument is a contract that evidences a residual interest in the assets of an entity net of its liabilities.
복합 악기
The terms of a convertible note are evaluated to determine whether it contains both a liability and an equity component. These components are classified separately as financial liabilities, financial assets or equity instruments. A conversion option that will be settled by the exchange of a fixed amount of cash or another financial asset for a fixed number of the parent company’s equity instruments is an equity instrument
The fair value of the liability component of the convertible note instrument is estimated using market interest rates for similar non-convertible instruments. This amount is recorded as a liability on an amortised cost basis using the effective interest method until the instrument’s maturity date or conversion.
The value of the conversion option classified as equity is determined by subtracting the financial liability component’s fair value from the compound instrument as a whole. The conversion option is then included in equity and is not subsequently re-measured.
Transaction costs that relate to the issue of the convertible notes are allocated to the liability and equity components in proportion to the allocation of the gross proceeds, with the transaction costs related to the equity component being allocated to equity, while the transaction costs related to the liability component are included in the carrying amount of the liability component and amortised over the life of the convertible loan note.
내재 파생상품
Embedded derivatives are components of hybrid contracts. Hybrid contracts contain a non-derivative host and an embedded derivative which impacts the combined instrument in a way similar to a stand-alone derivative.
Derivatives that are embedded in hybrid contracts whose non-derivative host is not a financial asset (for example, a financial liability) are recognised as separate derivatives if they meet the definition of a derivative and their risks and characteristics are not closely related to those of the host contracts and the host contracts are not measured at fair value through profit or loss. Embedded derivatives that are separated from a financial liability host contract are measured at fair value. The residual value of the hybrid contract is then allocated to the financial liability host contract.
3. MATERIAL ACCOUNTING POLICIES (계속)
3.17.3 금융 자산의 손상
상각 비용:
At each reporting date, the Corporation assesses, on a forward‐looking basis, the expected credit losses associated with its debt instruments carried at amortized cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk.
The expected loss is the difference between the amortized cost of the financial asset and the present value of the expected future cash flows, discounted using the instrument’s original effective interest rate. The carrying amount of the asset is reduced by this amount either directly or indirectly through the use of an allowance account. Provisions for expected losses are adjusted upwards or downwards in subsequent periods if the amount of the expected loss increases or decreases.
3.18 부문 공시
The Corporation operates in one industry segment, being the acquisition, exploration and evaluation of mineral properties. All of the Corporation’ activities are conducted in Greenland.
4. CRITICAL ACCOUNTING JUDGMENTS AND ASSUMPTIONS
이러한 재무제표를 작성하려면 경영진이 재무제표 날짜에 보고된 자산 및 부채 금액과 보고 기간 동안 보고된 비용 금액에 영향을 미치는 판단을 내리고 가정을 형성해야 합니다. 지속적으로 경영진은 자산, 부채 및 비용과 관련된 판단을 평가합니다. 경영진은 역사적 경험과 주어진 상황에서 합리적이라고 믿는 다양한 기타 요소를 판단의 근거로 사용합니다. 실제 결과는 다른 가정 및 조건 하에서 이러한 추정치와 다를 수 있습니다. 재무제표에 인식된 금액에 가장 유의적인 영향을 미치는 회계정책을 적용함에 있어 행사된 중요한 판단은 다음과 같습니다.
심판
4.1 광물 및 자본 자산의 손상
손상차손 또는 손상차손 환입을 나타내는 사실과 상황이 있는지를 결정하는 것은 많은 경우 판단과 많은 추정 및 해석이 관련된 주관적인 과정입니다.
4.1.2 자본자산의 손상
Determining whether to test for impairment of capital assets requires Management’s judgement, among other factors, regarding the following: whether capital assets have been in use and depreciated, did market value of capital assets decline, whether net assets of the Corporation are higher than the market capitalization, was there any obsolescence or physical damage recorded to the capital assets, was there an increase to market interest rates.
4. CRITICAL ACCOUNTING JUDGMENTS AND ASSUMPTIONS (계속)
When an indication of impairment loss or a reversal of an impairment loss exists, the recoverable amount of the individual asset must be estimated. If it is not possible to estimate the recoverable amount of the individual asset, the recoverable amount of the cash-generating unit to which the asset belongs must be determined. Identifying the cash-generating units requires considerable management judgment. In testing an individual asset or cash-generating unit for impairment and identifying a reversal of impairment losses, Management estimates the recoverable amount of the asset or the cash-generating unit. This requires management to make several assumptions as to future events or circumstances. These assumptions and estimates are subject to change if new information becomes available. Actual results with respect to impairment losses or reversals of impairment losses could differ in such a situation and significant adjustments to the Corporation’ assets and earnings may occur during the next period.
건설 중인 건설에 대한 연간 손상 검사와 관련하여 경영진은 교체 비용 접근법이 CIP에 따른 개별 자산의 회수 가능 가치를 결정하는 데 가장 적합하다고 평가했습니다. 공단은 CIP 범주에 속하는 각 자산에 대해 공급업체로부터 입수한 현재 시장 가격 조회와 일반 기계 장비 및 산업 생산자 물가 지수 변동에 따른 회수 가능 가치 평가를 기반으로 분석을 수행했습니다. 2021년 ~ 2023년. 이 분석 결과 CIP 범주 자산의 대체 가치는 20년 31월 2023일 현재 CIP 자산의 장부 가치보다 최소 XNUMX% 높은 회수 가능 가치를 생성했습니다.
4.2 기능통화의 결정
In accordance with IAS 21 “The Effects of Changes in Foreign Exchange Rates”, Management determined that the functional currency of the Corporation and its subsidiary is the Canadian dollar.
4.3 차입 비용의 자본화
The Corporation makes judgments on the amount of borrowing costs that are directly attributable to the acquisition of a qualifying asset.
4.4 Technical Feasibility and Commercial Viability (“TFCV”)
Management uses significant judgment to determine when TFCV is demonstrable. Technical feasibility refers to the ability to physically construct and operate a mineral project in a technically sound manner to produce a saleable mineral product while commercial viability refers to the ability to mine the mineral asset to generate a reasonable return on investment. Key considerations used to determine if TFCV has been reached included the establishment of confidence about mineralization, results and status of studies, probability of obtaining key permits, the existence of other barriers that may impact mining and the ability to generate a return on investment, confidence of project potential by the Management and the Board of Directors.
Based on the criteria described above, Management has concluded that sufficient evidence existed on September 1, 2023, for the Corporation to declare TFCV for the Nalunaq Project. September 1, 2023, was aligned with the date that the Board of Directors approved and closed the Financing package deal (note 10), thus supporting the commercial viability of the project.
4. CRITICAL ACCOUNTING JUDGMENTS AND ASSUMPTIONS (계속)
추정 및 가정
4.5 환경 모니터링 비용
The provisions for environmental monitoring costs are based on estimated future costs using information available at the financial reporting date. Determining these obligations requires significant estimates and assumptions due to the numerous factors that affect the amount ultimately payable. Such factors include estimates of the scope and cost of restoration activities, legislative amendments, known environmental impacts, the effectiveness of reparation and restoration measures and changes in the discount rate. This uncertainty may lead to differences between the actual expense and the provision. At the date of the consolidated statement of financial position, environmental monitoring costs represent Management’s best estimate of the charge that will result when the actual obligation is terminated.
4.6 Restricted Share Units (“RSU”)
For the purpose of determining the fair market value of restricted share unit awards and a number of assumptions are required for input in the pricing model. Determining these assumptions requires significant level of estimates and Management’s judgement.
For equity-settled awards, assumptions must be determined at the date of the grant. Such assumptions include grant calculation date, projection period, share price at grant, exercise price, risk-free rate of interest, dividends, share price volatility and forfeitures. The uncertainty related to the choice of assumptions may lead to differences between the actual value of restricted share unit awards and their estimated fair value based on the Monte-Carlo simulation run. At the date of the consolidated statement of financial position, restricted share units award and embedded derivative value represents Management's best estimate of awards fair value vesting at measurement dates stipulated under the RSU award contract.
4.7 Embedded Derivative
For the purpose of determining the fair market value of the embedded derivative a number of assumptions are required for input in the pricing model. Determining these assumptions requires significant level of estimates and Management’s judgement.
Assumptions must be determined at the reporting date. Such assumptions include term, share price on the reporting date, risk-free rate of interest and volatility.
The uncertainty related to the choice of assumptions may lead to differences between the actual value of the embedded derivative and its estimated fair value based on the Black-Scholes pricing model.
5. PREPAID EXPENSES AND OTHERS
2023 | 2022 | |
$ | $ | |
Advance payments to suppliers and mining contractors | 17,848,780 | 157,501 |
Prepaid credit facility costs | 408,792 | - |
선불 보험 | 169,416 | 160,876 |
Prepaid exploration work | 87,968 | 87,968 |
기타 선불 | 166,612 | 43,945 |
Total prepaid expenses and others | 18,681,568 | 450,290 |
6. ESCROW ACCOUNT FOR ENVIRONMENTAL MONITORING
On behalf of Nalunaq’s licence holder, an escrow account has been set up with the holder of the licence as holder of the account and the Government of Greenland as beneficiary. The funds in the escrow account have been provided in favour of the Government of Greenland as security for fulfilling the environmental monitoring expenses following the closure of the Nalunaq mine. This environmental monitoring program was completed in 2020.
2023 | 2022 | |
$ | $ | |
잔액 시작 | 427,120 | 424,637 |
추가 | 168,140 | |
번역의 효과 | 3,679 | 2,483 |
잔액 종료 | 598,939 | 427,120 |
Non-current portion – escrow account for environmental monitoring | (598,939) | (427,120) |
Current portion – escrow account for environmental monitoring | - | - |
7. INVESTMENT IN EQUITY-ACCOUNTED JOINT ARRANGEMENT
~에서 12 월 31, 2023 | ~에서 12 월 31, 2022 | |
$ | $ | |
기간 초 잔액 | - | - |
Gardaq ApS에 대한 최초 투자 | 7,422 | - |
금 이외의 전략광물 라이선스를 유료로 양도 | 36,896 | - |
Gardaq ApS를 Gardaq A/S로 전환하기 위한 투자 | 55,344 | - |
합작 투자에 대한 지분 계정 투자의 FV 인식 이익 | 31,285,536 | - |
공정가치로 투자유보 - 지분 51% | 31,385,198 | - |
Share of joint venture’s net losses- for the year ended December 31, 2023 | (7,892,387) | - |
기말 잔액 | 23,492,811 | - |
On June 10, 2022, the Corporation announced that it had signed a non-binding head of terms with ACAM to establish a special purpose vehicle (the "SPV") and created a joint venture (the "JV") for the exploration and development of its Strategic Mineral assets for a combined contribution of $62.0 million (GBP 36.7 million). Subject to the final terms of the JV, ACAM invested $30.1 million (GBP 18 million) in exchange for a 49% shareholding in the SPV, with Amaroq holding 51%. Amaroq contributed its strategic non- precious mineral (i.e., non-gold) licenses, and will be required to provide a contribution in kind over a three-year period, valued, in aggregate, at $31.4 million (GBP 18.7 million) in the form of site support, logistics and overhead costs associated with utilizing its existing infrastructure in Southern Greenland to support the JV's activities. The transfer of these licenses has been approved by the Greenland Government on April 13, 2023.
The carrying value of the strategic non-precious mineral licenses transferred to Gardaq A/S is $36,896 (Note 7).
7. INVESTMENT IN EQUITY-ACCOUNTED JOINT ARRANGEMENT (계속)
Upon execution of the Subscription and Shareholders’ Agreement (“SSHA”) on April 13, 2023, the Corporation has ceased the control of Gardaq on that date. As a result of the Corporation losing control over the subsidiary:
- 회사는 연결재무상태표에서 종속기업의 자산과 부채를 제거합니다.
- 지배력 상실을 초래한 거래에서 받은 대가의 공정가치를 인식합니다.
- Recognizes any investment retained in the former subsidiary at its fair value once control is lost and subsequently accounts for it and any amounts owed by or to the former subsidiary in accordance with the relevant IFRS. The fair value shall be regarded as a fair value of the initial recognition of the investment in the joint venture.
- Subsequently recognizes joint venture’s share of net profits or losses proportionately to the retained share of investment for the reporting periods.
Given that the relevant activities of Gardaq require unanimous consent of its shareholders in accordance with the SSHA, Management has determined that it has joint control and as such the Corporation performed deconsolidation of Gardaq A/S as at April 13, 2023, the date when control was lost. The fair value of the 51% equity investment retained in Gardaq A/S was determined to be $31,385,198 (GBP 18.7million). The fair value of Gardaq A/S was measured based on the cash consideration received in exchange for 49% of the outstanding shares.
The Corporation has determined that it has a joint control in Gardaq A/S as decisions around relevant activities require unanimous shareholder approval. Effective April 13, 2023, the Corporation’s investment was accounted for as an investment in joint venture using the equity method. The equity method involves recording the initial investment at cost and subsequently adjusting the carrying value of the investment for the Corporation’s proportionate share of the profit or loss, other comprehensive income or loss and any other changes in the joint venture’s net assets, such as further investments or dividends. For the year ended December 31, 2023 the Corporation recorded the 51% proportion of net loss from Gardaq of $7,892,387.
7. INVESTMENT IN EQUITY-ACCOUNTED JOINT ARRANGEMENT (계속)
The following tables summarize the financial information of Gardaq A/S as of December 31, 2023.
~에서 12 월 31, 2023 | |
$ | |
현금 및 현금 등가물 | 18,377,850 |
선불 비용 및 기타 | 351,752 |
총 유동 자산 | 18,729,602 |
광물 재산 | 92,239 |
총 자산 | 18,821,841 |
채무 및 발생 부채 | 4,036,532 |
관련 당사자로 인해 | 13,641 |
자본금 | 30,246,937 |
부족 | (15,475,269) |
총 자본 | 14,771,668 |
부채와 자본 | 18,821,841 |
연말 12 월 31, 2023 | |
$ | |
탐사 및 평가 비용 | 13,950,672 |
Interest expense (income) | (2,651) |
외환 손실 (이득) | (187,011) |
운영 손실 | 13,761,010 |
기타 비용 (수입) | 1,714,260 |
순손실 및 종합 손실 | 15,475,270 |
8. MINERAL PROPERTIES
~에서 12 월 31, 2022 | Transfers (6 참고) | ~에서 12 월 31, 2023 | ||
$ | $ | $ | ||
날루낙 - Au | 1 | - | 1 | |
타르톡 - Au | 18,431 | - | 18,431 | |
바가르 - Au | 11,103 | - | 11,103 | |
누나 누타크 - Au | 6,076 | - | 6,076 | |
아노리투크 - Au | 6,389 | - | 6,389 | |
시쿠 - Au | 6,821 | - | 6,821 | |
Naalagaaffiup Portornga - 전략적 광물 | 6,334 | (6,334) | - | |
Saarloq - 전략적 광물 | 7,348 | (7,348) | - | |
Sava - 전략적 광물 | 6,562 | (6,562) | - | |
Kobberminebugt - 전략적 광물 | 6,840 | (6,840) | - | |
Stendalen - 전략적 광물 | 4,837 | (4,837) | - | |
North Sava - 전략적 광물 | 4,837 | (4,837) | - | |
총 광물 특성 | 85,579 | (36,758) | 48,821 |
8. MINERAL PROPERTIES (계속)
~에서 12 월 31, 2021 | 추가 | ~에서 12 월 31, 2022 | ||
$ | $ | $ | ||
날루낙 - Au | 1 | - | 1 | |
타르톡 - Au | 18,431 | - | 18,431 | |
바가르 - Au | 11,103 | - | 11,103 | |
누나 누타크 - Au | 6,076 | - | 6,076 | |
아노리투크 - Au | 6,389 | - | 6,389 | |
시쿠 - Au | - | 6,821 | 6,821 | |
Naalagaaffiup Portornga - 전략적 광물 | 6,334 | - | 6,334 | |
Saarloq - 전략적 광물 | 7,348 | - | 7,348 | |
Sava - 전략적 광물 | 6,562 | - | 6,562 | |
Kobberminebugt - 전략적 광물 | - | 6,840 | 6,840 | |
Stendalen - 전략적 광물 | - | 4,837 | 4,837 | |
North Sava - 전략적 광물 | - | 4,837 | 4,837 | |
총 광물 특성 | 62,244 | 23,335 | 85,579 |
8.1 날루낙 - Au
Nalunaq A/S holds the gold exploitation licence number 2003/05 on the Nalunaq property (the “Nalunaq Licence”) located in South West Greenland. The licence expires in April 2033 with an extension possible up to 20 years.
8.1.1 Collaboration agreement and project schedule
Cyrus Capital Partners LP was the main creditor of Angel Mining PLC, the parent company of Angel Mining (Gold) A/S. Angel Mining PLC went into administration in February 2013 and as part of the Administrator’s restructuring process, FBC Mining (Holdings) Ltd. (“FBC Mining”) and Arctic Resources Capital S.à r.l. (“ARC”) agreed to enter into a collaboration agreement (“Collaboration Agreement”) (signed July 15, 2015) to progress the Nalunaq exploration project. FBC Mining is a 100% subsidiary of FBC Holdings S.à r.l which is managed by Cyrus Capital Partners LP.
In addition, ARC, FBC Mining and AEX Gold Limited (previously known as FBC Mining (Nalunaq) Limited) (a 100% subsidiary of FBC Mining) signed on July 17, 2015 the Nalunaq project schedule (“2015 Project Schedule”) which was continued following the signature with Nalunaq A/S on March 31, 2017 of the 2016-2017 Nalunaq Project Schedule (“2016-2017 Project Schedule”), (collectively “Project Schedules”).
8. MINERAL PROPERTIES (계속)
Finally, the conditions relating to a processing plant located on the Nalunaq Licence (“Processing Plant”) and a royalty payment were outlined in the 2015 Project Schedule and formalized in the processing plant and royalty agreement (“Processing Plant and Royalty Agreement”) signed on March 31, 2017 and the conditions are as follows:
a) AEX Gold Limited transfers the Processing Plant to Nalunaq A/S under the following conditions:
i) An initial purchase price of US$1;
ii) A deferred consideration of US$1,999,999 (“Deferred Consideration”) on a pay as you go basis until the Deferred Consideration is paid in full. If only part of the Processing Plant is used, then the Deferred Consideration payable shall be reduced by an amount to be agreed by the parties to reflect the value of the part of the Processing Plant used.
iii) The Deferred Consideration may be reduced to the extent that the Processing Plant or any part which is being used requires repairs, is not in good working condition or will not be capable of doing the work for which it was designed.
iv) Nalunaq A/S may dispose or otherwise deal with the Processing Plant or any part of it at its own cost. If any disposal proceeds (defined as proceeds received minus costs of dealing with the disposal) are received, that disposal proceeds shall be paid to AEX Gold Limited and such amount shall be deemed to be Deferred Consideration. If there are any disposal proceeds remaining after the Deferred Consideration has been paid in full, the disposal proceeds remaining may be retained by Nalunaq A/S.
b) Nalunaq A/S shall pay to AEX Gold Limited a 1% royalty on Nalunaq A/S’ net revenue generated on the Nalunaq Licence (total revenue minus production, transportation and refining costs), provided that in respect to the last completed calendar year, the operating profit per ounce of gold exceeded US$500. The cumulative royalty payments over the life of mine are capped at a maximum of US$1,000,000.
8.1.2 그린란드 로열티 정부
Nalunaq 라이선스 및 후속 부록에는 로열티 조항이 없습니다. 다만, 별첨 3조에 따르면 광물자원법 enacted on July 1, 2014, the Greenland Government may set terms on the licensee’s payment of royalty or consideration, if the Greenland Government and the licensee agree, since the Nalunaq Licence was granted before July 1, 2014. Nalunaq A/S may have to pay to the Government of Greenland a sales royalty of up to 2.5% of the value of the minerals. Nalunaq A/S may on certain terms offset an amount equal to paid corporate income tax and corporate dividend tax against the sales royalty to be paid.
8.1.3 Exploration commitments and exploitation milestones
After Nalunaq A/S has submitted its statements of expenses for the Nalunaq Licence for the 2017 and 2018 years, the MLSA has approved Nalunaq A/S’ transition to the subsequent period (sub period 4) without a rollover of the unspent amount.
그린란드 정부는 그린란드 정부가 서명한 5년 2020월 13일자 부록 2020로 확인되었으며, 따라서 31년 2022월 1일부터 효력이 발생하여 다음 작업을 수행하기 위한 요구 날짜를 연장합니다. 면허 소지자는 늦어도 2023년 6월 XNUMX일까지 환경 영향 평가를 준비하고 사회적 영향 평가를 하고 영향 혜택 계약을 수행해야 합니다. 착취 개시 기한은 XNUMX년 XNUMX월 XNUMX일입니다. 이 기한이 경과함에 따라 그린란드 정부는 부록 XNUMX번을 완료했습니다.
8. MINERAL PROPERTIES (계속)
On the 14th and 15th December 2022 the Corporation signed Addendum 6 to the Nalunaq licence which amended certain of the milestone dates pertaining to the licence including commencing exploitation by 1 January 2026; preparing an Environmental Impact Assessment (EIA) and Social Impact Assessment (SIA) by December 2023; negotiating, concluding and performing an Impact Benefit Agreement (“IBA”) by 31 December 2024. Prior to commencement of exploitation and no later than December 31, 2025 the licence will be amended to include terms on royalty.
On September 21, 2023 and October 13, 2023 the Corporation signed Addendum 7 to the Nalunaq Licence which amended certain of the Milestones pertaining to the licence including preparing an Environmental Impact Assessment (EIA) and Social Impact Assessment (SIA) by 30 June 2024. . The addendum became effective on November 6, 2023, when it was signed by the Government of Greenland. Failure to satisfy any of the conditions set forth in the addendums to the Nalunaq Licence may result in the MLSA revoking the Nalunaq Licence without further notice.
8.2 Tartoq - Au
8.2.1 Purchase of the Tartoq Licence
Nalunaq A/S는 6년 2016월 2015일에 Nanoq Resources Ltd.로부터 Greenland 남서부에 위치한 Tartoq 탐사 허가 번호 17/7,221을 총 $31에 구매하는 판매 및 구매 계약을 체결했습니다. 라이선스는 원래 2024년 5월 3일에 만료되었으며 2020년 연장이 가능했습니다. 13년 기간의 갱신은 2020년 13월 2020일 Nalunaq A/S가 서명하고 그린란드 정부가 서명한 19년 31월 2026일에 발효된 XNUMX년 XNUMX월 부록 XNUMX으로 확인되었습니다. COVID XNUMX 팬데믹에 대응하여 그린란드 정부는 모든 탐사 면허에 대한 면허 기간을 XNUMX년 연장하여 면허가 XNUMX년 XNUMX월 XNUMX일에 만료됩니다.
8.2.2 탐사 약속
For the exploration licence, Nalunaq A/S 2023 obligation is DKK 2.031.600 of exploration activities in 2023, which together with the carried forward 2022 licence obligation of DKK 742,143 will result in DKK 2,773,743 ($543,942 using the exchange rate as at December 31, 2023) exploration obligation in 2023 before an approval of 2023 incurred expenses by MLSA. For the purpose of crediting expenditures against the amounts set forth in the Tartoq Licence, actual expenditures are multiplied by a factor of between 1.5 and 3, depending upon the type of expenditures made. If these obligations are not met, certain measures may be taken by the licence holder to rectify the situation, including reducing the area of the licence proportionately to the spending shortfall or rolling over the exploration commitment to the next period subject to approval from the MLSA. Nalunaq A/S will submit statements of expenses for the Tartoq exploration licence for the 2023 year to the MLSA by April 1, 2024.
8.3 바가르 - Au
8.3.1 Purchase of the Vagar Licence
Nalunaq A/S entered into a sale and purchase agreement with NunaMinerals A/S, acting through its bankruptcy receiver, on February 6, 2017 to acquire the Vagar exploration licence number 2006/10 (“Vagar Licence") located in Western Greenland, along with all mineral exploration and mining-related data, maps and reports pertaining to the Vagar Licence, studies and reports, for a purchase price of $9,465 (DKK 50,000). Upon the approval of the Greenland authorities received on October 30, 2017, Nalunaq A/S signed the paperwork to complete the licence transfer, which became effective upon the Greenland authorities executing the document on January 18, 2018. The licence originally expired December 31, 2021 with a possible 6-year extension. In response to the COVID 19 pandemic, the Government of Greenland gave an extension of the licence period for all exploration licences by two years, therefore the licence expired December 31, 2023.
8. MINERAL PROPERTIES (계속)
The Corporation has applied for an additional 3 years extension and a licence reduction to a total area of 197 km2 and are awaiting final documentation from the Government.
8.3.2 탐사 약속
For the exploration licence, Nalunaq A/S shall complete DKK 16,353,000 of exploration activities in 2023. 2022 carried forward balance was DKK5,716,001, resulting in DKK 22,069,001 ($4,327,819 using the exchange rate as at December 31, 2023) exploration obligation in 2023 before an approval of 2023 incurred expenditures by MLSA. For the purpose of crediting expenditures against the amounts set forth in the Vagar Licence, actual expenditures are multiplied by a factor of between 1.5 and 3,
depending upon the type of expenditures made. If these obligations are not met, certain measures may be taken by the licence holder to rectify the situation, including reducing the area of the licence proportionately to the spending shortfall or rolling over the exploration commitment to the next period subject to approval from the MLSA. Nalunaq A/S will submit its statements of expenses for the Vagar exploration licence for the 2023 year to the MLSA by April 1, 2024.
8.4 누나 누타크 - Au
8.4.1 Purchase of the Nuna Nutaaq Licence
공사는 약 244km에 대한 탐사 활동을 수행할 권리를 획득했습니다.2 남부 그린란드의 Narsaq 근처 Itillersuaq 지역의 토지. 탐사권은 새로운 별도 탐사 라이선스 2019/113 Nuna Nutaaq에 따라 회사에 부여되었습니다. 13년 2019월 26일에 면허 신청이 승인되었고 필요한 모든 문서에 회사가 서명했으며 2019년 31월 2023일 그린란드 정부가 면허에 서명하면서 면허가 발효되었습니다. 라이선스는 원래 5년 19월 31일에 만료되었으며 2025년 연장 자격이 부여되었습니다. 코로나XNUMX 팬데믹에 대응하여 그린란드 정부는 모든 탐사 면허에 대한 면허 기간을 XNUMX년 연장하여 면허가 XNUMX년 XNUMX월 XNUMX일에 만료됩니다.
8.4.2 탐사 약속
In 2023 Nalunaq A/S shall complete DKK 2,637,920 of exploration activities, received an approval of 2022 exploration expenses of 3,832,527 and 2022 carried forward credits of 2,344,489 which results in a total credit of DKK 3,229,826 for 2023 (credit of $633,382 using the exchange rate as at December 31, 2023) so there is no exploration obligation in 2023 which was confirmed by MLSA. For the purpose of crediting expenditures against the amounts set forth in the Nuna Nutaaq Licence, actual expenditures are multiplied by a factor of between 1.5 and 3, depending upon the type of expenditures made. If these obligations are not met, certain measures may be taken by the licence holder to rectify the situation, including reducing the area of the licence proportionately to the spending shortfall or rolling over the exploration commitment to the next period subject to approval from the MLSA. Nalunaq A/S will submit statements of expenses for the Nuna Nutaaq exploration licence for the 2023 year to the MLSA by April 1, 2024.
8. MINERAL PROPERTIES (계속)
8.5 아노리투크 - Au
8.5.1 Purchase of the Anoritooq Licence
공사는 약 1,185km에 대한 탐사권을 획득했습니다.2 그린란드 남부의 아노리투크(Anoritooq)와 칸게를루룩(Kangerluluk) 지역의 토지. 탐사권은 Anoritooq라고 하는 새로운 별도 탐사 라이선스 2020/36에 따라 회사에 부여되었습니다. 11년 2020월 24일에 면허 신청이 승인되었고 필요한 모든 문서에 회사가 서명했으며 2020년 2020월 1,889일 그린란드 정부가 면허에 서명하면서 면허가 발효되었습니다. XNUMX년 XNUMX월 회사는 Anoritooq 라이선스에 대한 부록을 부여받아 라이선스 크기를 XNUMXkm로 늘렸습니다.2 그린란드 정부가 서명한 6년 2020월 31일부터 발효되었습니다. 라이선스는 원래 2024년 5월 19일에 만료되었으며 31년 연장이 가능했습니다. COVID 2026 팬데믹에 대응하여 그린란드 정부는 모든 탐사 면허에 대한 면허 기간을 XNUMX년 연장하여 면허가 XNUMX년 XNUMX월 XNUMX일에 만료됩니다.
8.5.2 탐사 약속
In 2023 Nalunaq A/S shall complete DKK 3,421,080 of exploration activities, received an approval of 2022 exploration expenses of DKK 969,834 and carry forward of 2022 credits of DKK 738,610 which results in total of DKK 2,682,470 ($526,043 using the exchange rate as at December 31, 2023) exploration obligation in 2023 before an approval of 2023 expenses by MLSA. For the purpose of crediting expenditures against the amounts set forth in the Anoritooq Licence, actual expenditures are multiplied by a factor of between 1.5 and 3, depending upon the type of expenditures made. If these obligations are not met, certain measures may be taken by the licence holder to rectify the situation, including reducing the area of the licence proportionately to the spending shortfall or rolling over the exploration commitment to the next period subject to approval from the MLSA. Nalunaq A/S will submit its statements of expenses for the Anoritooq exploration licence for the 2023 year to the MLSA by April 1, 2024.
8.6 시쿠 - Au
8.6.1 Purchase of the Siku Licence
공사는 약 251km에 대한 탐사권을 획득했습니다.2 of land in an areas between the Nanoq and Jokum’s Shear project on the east coast of South Greenland. The exploration rights have been granted to the Corporation under a new separate Exploration Licence 2022/08, referred to as Siku. The licence application has been approved and all required documentation was signed by the Corporation on May 10, 2022 and the licence became effective on June 3, 2022 when it was signed by the Government of Greenland. The licence expires December 31, 2026 with a possible 5-year extension.
8.6.2 탐사 약속
For the exploration licence, Nalunaq A/S shall complete DKK 603,720 of exploration activities in 2023 and carried forward DKK 296,595 from 2022 resulting in total obligation balance of DKK 900,315 ($176,555 using the exchange rate as at December 31, 2023). For the purpose of crediting expenditures against the amounts set forth in the Siku Licence, actual expenditures are multiplied by a factor of between 1.5 and 3, depending upon the type of expenditures made. If these obligations are not met, certain measures may be taken by the licence holder to rectify the situation, including reducing the area of the licence proportionately to the spending shortfall or rolling over the exploration commitment to the next period subject to approval from the MLSA. Nalunaq A/S will submit its statements of expenses for the Siku exploration licence for the 2023 year to the MLSA by April 1, 2024.
8. MINERAL PROPERTIES (계속)
8.7 제넥스
On September 26, 2019, Nalunaq A/S was granted a prospecting licence number 2019/146 covering East Greenland, in this context defined as areas south of 75ºN and east of 44ºW. It is valid for a term of five years until December 31, 2023. Nalunaq A/S intends to reapply for the prospecting license over East Greenland. Nalunaq A/S is not obligated to spend exploration expenses regarding this licence area during this period.
28년 2022월 2022일, Nalunaq A/S는 77ºN 남쪽 및 78ºW 서쪽 지역으로 정의된 West Greenland를 대상으로 하는 탐사 면허 번호 44/31을 받았습니다. 2027년 XNUMX월 XNUMX일까지 XNUMX년 동안 유효합니다. Nalunaq A/S는 이 기간 동안 이 라이센스 지역과 관련된 탐사 비용을 지출할 의무가 없습니다.
9. 자본 자산
Field equipment and infrastructure | 차량 및 철도 차량 | 장비(소프트웨어 포함) | Construction In Progress | 금액 | |
$ | $ | $ | $ | $ | |
2022 | |||||
기초순장부가액 | 1,989,114 | 4,304,709 | 156,011 | 7,452,668 | 13,902,502 |
추가 | - | - | 179,040 | 69,417 | 248,457 |
폐기 | - | (123,360) | (40,501) | - | (163,861) |
조정 | - | - | - | - | - |
감가 상각 | (253,362) | (438,965) | (78,165) | - | (770,492) |
마감순장부가액 | 1,735,752 | 3,742,384 | 216,385 | 7,522,085 | 13,216,606 |
31년 2022월 XNUMX일 현재 | |||||
비용 | 2,351,041 | 4,466,971 | 313,214 | 7,522,085 | $14,653,311 |
감가 상각 누계액 | (615,289) | (724,587) | (96,829) | - | (1,436,705) |
마감순장부가액 | 1,735,752 | 3,742,384 | 216,385 | 7,522,085 | 13,216,606 |
2023 | |||||
기초순장부가액 | 1,735,752 | 3,742,384 | 216,385 | 7,522,085 | 13,216,606 |
추가 | - | - | - | 25,761,155 | 25,761,155 |
폐기 | - | - | (80,983) | - | (80,983) |
조정 | - | - | 43,054 | - | 43,192 |
감가 상각 | (198,373) | (430,266) | (69,634) | - | (698,273) |
마감순장부가액 | 1,537,379 | 3,312,118 | 108,822 | 33,283,240 | 38,241,559 |
31년 2023월 XNUMX일 현재 | |||||
비용 | 2,351,041 | 4,466,971 | 232,231 | 33,283,240 | $40,333,483 |
감가 상각 누계액 | (813,662) | (1,154,853) | (123,409) | - | (2,091,786) |
마감순장부가액 | 1,537,379 | 3,312,118 | 108,822 | 33,283,240 | 38,241,559 |
9. 자본 자산 (계속)
Depreciation of capital assets related to exploration and evaluation properties is being recorded in exploration and evaluation expenses in the consolidated statement of comprehensive loss, under depreciation. Depreciation of $635,773 ($721,072 – 2022) was expensed as exploration and evaluation expenses in 2023.
As of December 31, 2023, the amount of $33,283,240 ($7,522,085 as at December 31, 2022) of construction in progress is related to equipment and infrastructure received or in storage and which will be installed at the appropriate time. Equipment and infrastructure include process plant components that are not yet available for use.
As at December 31, 2023, the Corporation had capital commitments, of $56,681,735. These commitments relate to the development of Nalunaq Project, rehabilitation of the Nalunaq mine, construction of processing plant, purchases of mobile equipment and establishment of surface infrastructure.
During 2023 the Company capitalised borrowing costs of $1,457,638 to construction in progress, which are included in additions.
10. CONVERTIBLE NOTES
Convertible notes loan | Embedded Derivatives at FVTPL | 금액 | |
$ | $ | $ | |
Balance as at December 31, 2022 | - | - | - |
Gross proceeds from issue | 30,431,180 | - | 30,431,180 |
Embedded derivative component | (19,443,663) | 19,443,663 | - |
거래 비용(주 10.2) | (362,502) | - | (362,502) |
Accretion of discount | 949,062 | - | 949,062 |
발생이자 | 508,576 | - | 508,576 |
공정가치 변동 | - | 4,536,411 | 4,536,411 |
외환 손실 (이득) | (319,600) | - | (319,600) |
Balance as at December 31, 2023 | 11,763,053 | 23,980,074 | 35,743,127 |
비유동 부분 | - | - | - |
현재 부분 | 11,763,053 | 23,980,074 | 35,743,127 |
10.1 Revolving Credit Facility
A $25 million (US$18.5 million) Revolving Credit Facility (“RCF”) provided by Landsbankinn hf. and Fossar Investment Bank, with a two-year term and priced at SOFR plus 950bps. Interest is capitalized and payable at the end of the term.
The credit facility is denominated in US Dollars and the SOFR interest rate is determined with reference to the CME Term SOFR Rates published by CME Group Inc. The Landsbankinn hf. and Fossar revolving credit facility carries (i) a commitment fee of 0.40% per annum calculated on the undrawn facility amount and (ii) an arrangement fee of 2.00% on the facility amount where 1.5% is to be paid on or before the closing date of the facility and 0.50% is to be paid on or before the first draw down. The facility is not convertible into any securities of the Corporation.
The facility will be secured by (i) a bank account pledge from the Corporation and Nalunaq A/S, (ii) share pledges over all current and future acquired shares in Nalunaq A/S and Gardaq A/S held by the Corporation pursuant to the terms of share pledge agreements, (iii) a proceeds loan assignment agreement, (iv) a pledge agreement in respect of owner’s mortgage deeds and (v) a licence transfer agreement. The Corporation has not yet drawn on this facility.
10. CONVERTIBLE NOTES (계속)
10.2 컨버터블 노트
Convertible notes represent $30.4 million (US$22.4 million) notes issued to ECAM LP (US$16 million), JLE Property Ltd. (US$4 million) and Livermore Partners LLC (US$2.4 million) with a four-year term and a fixed interest rate of 5%. The conversion price of $0.90 per common share is the closing Canadian market price of the Amaroq shares on the day, prior to the closing day of the Debt Financing.
The convertible notes are denominated in US Dollars and will mature on September 30, 2027, being the date that is four years from the convertible note offering closing date. The principal amount of the convertible notes will be convertible, in whole or in part, at any time from one month after issuance into common shares of the Corporation ("Common Shares") at a conversion price of $0.90 (£0.525) per Common Share for a total of up to 33,812,401 Common Shares. The Corporation may repay the convertible notes and accrued interest at any time, in cash, subject to providing 30 days’ notice to the relevant noteholders, with such noteholders having the option to convert such convertible notes into Common Shares at the conversion price up to 5 days prior to the redemption date. If the Corporation chooses to redeem some but not all of the outstanding convertible notes, the Corporation shall redeem a pro rata share of each noteholder's holding of convertible notes. The Corporation shall pay a commitment fee to the holders of the convertible notes of, in aggregate, $5,511,293 (US$4,484,032), which shall be paid pro rata to each noteholder's holding of convertible notes. The commitment fee is payable on the earlier of (a) the date falling 20 business days after all amounts outstanding under the Bank Revolving Credit Facility have been repaid in full, but no earlier than the date that is 24 months after the date of issuance of the notes; and (b) the date falling 30 (thirty) months after the date of the subscription agreement in respect of the notes, irrespective of whether or not notes have converted at that date or been repaid.
The convertible notes will be secured by (i) bank account pledge agreements from the Corporation and Nalunaq A/S, (ii) share pledges over all current and future acquired shares in Nalunaq A/S and Gardaq A/S held by the Corporation pursuant to the terms of share pledge agreements, (iii) a proceeds loan assignment agreement, (iv) a pledge agreement in respect of owner’s mortgage deeds and (v) a licence transfer agreement.
The convertible notes represent hybrid financial instruments with embedded derivatives requiring separation. The debt host portion (the “Host”) of the instrument is classified at amortized cost, whereas the aggregate conversion and repayment options (the “Embedded Derivatives”) are classified at fair value through profit and loss (FVTPL).
The fair value of the convertible notes at inception was recognized at $30.4 million (US$22.4 million) and $19.4 million (US$14.3 million) embedded derivative component was isolated and determined using a Black Scholes valuation model which required the use of significant unobservable inputs (note 22.4). As of December 31, 2023 the Corporation identified the fair value of embedded derivative associated with the early conversion option to be $24.0 million. The change in fair value of embedded derivative in the period from September 1, 2023 to December 31, 2023 has been recognized in the statement of Income (loss) and comprehensive income (loss). The Host liability component at inception, before deducting transaction costs, was recognized to be the residual amount of $10.9 million (US$8.1 million) which is subsequently measured at amortized cost. Transaction costs incurred on the issuance of the convertible note amounted to $1,004,030, of which $362,502 was allocated to, and deducted from, the host liability component, and $641,528 was allocated to the embedded derivative component and charged to profit and loss.
10. CONVERTIBLE NOTES (계속)
10.3 Cost Overrun Facility
$13.5 million (US$10 million) Revolving Cost Overrun Facility from JLE Property Ltd. on the same terms as the Bank Revolving Credit Facility.
The Overrun Facility is denominated in US Dollars with a two-year term and will bear interest at the CME Term SOFR Rates by CME Group Inc. and have a margin of 9.5% per annum. The Overrun Facility carries a stand-by fee of 2.5% on the amount of committed funds. The Overrun Facility is not convertible into any securities of the Corporation.
The Overrun Facility will be secured by (i) bank account pledge agreements from the Corporation and Nalunaq A/S, (ii) share pledges over all current and future acquired shares in Nalunaq A/S and Gardaq A/S held by the Corporation pursuant to the terms of share pledge agreements, (iii) a proceeds loan assignment agreement, (iv) a pledge agreement in respect of owner’s mortgage deeds and (v) a licence transfer agreement. The Corporation has not yet drawn on this facility.
11. 임대 책임
~에서 12 월 31, 2023 | ~에서 12 월 31, 2022 | |
$ | $ | |
잔액 시작 | 729,237 | 763,913 |
리스 지불 | (105,894) | (88,245) |
관심 | 34,097 | 37,523 |
조정 | - | 16,046 |
잔액 종료 | 657,440 | 729,237 |
Non-current portion – lease liabilities | (577,234) | (657,440) |
Current portion – lease liabilities | 80,206 | 71,797 |
성숙도 분석:
2024 | 108,345 |
2025 | 108,836 |
2026 | 108,836 |
2027 | 108,836 |
2028 | 108,836 |
앞으로 | 235,809 |
할인되지 않은 임대 지불 | 779,498 |
덜: 불로이자 | (122,058) |
657,440 |
11. 임대 책임 (계속)
11.1 사용권 자산
~에서 | ~에서 | |
12 월 31, | 12 월 31, | |
2023 | 2022 | |
$ | $ | |
기초순장부가액 | 655,063 | 740,150 |
추가 | - | - |
폐기 | - | - |
조정 | - | (4,880) |
상각 | (80,207) | (80,207) |
마감순장부가액 | 574,856 | 655,063 |
비용 | 836,200 | 836,200 |
누적 상각 | (261,344) | (181,137) |
마감순장부가액 | 574,856 | 655,063 |
회사는 사무실에 대해 하나의 임대를 가지고 있습니다. 공사는 2020년 8,825월에 이 기간 동안 무료 임대료 2024개월을 포함해 9,070년 9,070개월 동안 임대를 시작했습니다. 월 임대료는 XNUMX년 XNUMX월까지 $XNUMX이고 나머지 임대료는 $XNUMX입니다. 회사는 몬트리올 지역의 전년도 소비자 물가 지수 인상에 매년 연동되는 $XNUMX 월 임대료로 추가 XNUMX년 동안 임대를 갱신할 수 있는 옵션이 있습니다.
A right-of-use asset of $841,080 and an equivalent long term lease liability was recorded as of October 1, 2020, with a 5% incremental borrowing rate and considering that the renewal option would be exercised. Amortisation of right-of-use assets is being recorded in general and administrative expenses in the consolidated statement of comprehensive loss, under depreciation. Amortisation of $80,207 ($80,207 in 2022) was expensed as general and administration expenses in 2023.
12. 주식 자본
12.1 주식 자본
회사는 모두 액면가 없이 무제한으로 의결권 있는 보통주와 연속 발행 가능한 우선주를 무제한 발행할 권한이 있습니다.
12.2 Nasdaq Main Market Listing in Iceland
Subsequent to the approval by the Central Bank of Iceland (the “FSA”) and satisfaction of all Nasdaq Main Market requirements the Corporation transferred all depository receipts from the Nasdaq First North Growth Market to the Nasdaq Main Market with the first day of trading on September 21, 2023. The mainboard listing in Iceland do not affect any shares traded on AIM or the TSX-V.
13. 주식 기반 보상
13.1 재고 옵션
An incentive stock option plan (the “Plan”) was approved initially in 2017 and renewed by shareholders on June 15, 2023. The Plan is a “rolling” plan whereby a maximum of 10% of the issued shares at the time of the grant are reserved for issue under the Plan to executive officers, directors, employees and consultants. The Board of directors grants the stock options and the exercise price of the options shall not be less than the closing price on the last trading day, preceding the grant date. The options have a maximum term of ten years. Options granted pursuant to the Plan shall vest and become exercisable at such time or times as may be determined by the Board, except options granted to consultants providing investor relations activities shall vest in stages over a 12-month period with a maximum of one-quarter of the options vesting in any three-month period. The Corporation has no legal or constructive obligation to repurchase or settle the options in cash.
On January 17, 2022, the Corporation granted its officers, employees and consultant 4,100,000 stock options with an exercise price of $0.60 and expiry date of January 17, 2027. The stock options vested 100% at the grant date. The options were granted at an exercise price equal to the closing market price of the shares the day prior to the grant. Total stock-based compensation costs amount to $1,435,000 for an estimated fair value of $0.35 per option.
20년 2022월 73,333일, 회사는 선임 직원에게 행사 가격 $0.75 및 만료 날짜가 20년 2027월 100일인 32,267개의 스톡 옵션을 부여했습니다. 스톡 옵션은 부여일에 0.44% 귀속되었습니다. 옵션은 부여 전날 주식의 종가와 동일한 행사 가격으로 부여되었습니다. 총 주식 기반 보상 비용은 옵션당 $68.9의 예상 공정 가치에 대해 $2.7입니다. 부여된 옵션의 공정가치는 기대배당수익률 5, 기대변동성 XNUMX%, 무위험이자율 XNUMX%, 만기 XNUMX년으로 블랙숄즈모형을 이용하여 추정하였다. 예상 수명과 예상 변동성은 회사와 비교 가능한 회사를 벤치마킹하여 추정했습니다.
14년 2022월 39,062일, 회사는 직원에게 행사 가격이 $0.64이고 만료 날짜가 14년 2027월 100일인 14,844개의 스톡 옵션을 부여했습니다. 스톡 옵션은 부여일에 0.38% 귀속되었습니다. 옵션은 부여 전날 주식의 종가와 동일한 행사 가격으로 부여되었습니다. 총 주식 기반 보상 비용은 $69이며 옵션당 예상 공정 가치는 $3.1입니다. 부여된 옵션의 공정가치는 기대배당수익률 5, 기대변동성 XNUMX%, 무위험이자율 XNUMX%, 만기 XNUMX년으로 블랙숄즈모형을 사용하여 추정하였다. 예상 수명과 예상 변동성은 회사와 비교 가능한 회사를 벤치마킹하여 추정했습니다.
On December 30, 2022, the Corporation granted its employees and consultant 1,330,000 stock options with an exercise price of $0.70 and expiry date of December 30, 2027. The stock options vested 100% at the grant date. The options were granted at an exercise price equal to the closing market price of the shares the day prior to the grant. Total stock-based compensation costs amount to $545,300 for an estimated fair value of $0.41 per option.
On July 24, 2023, the Corporation granted an on-hire incentive stock option award to a new senior employee of Amaroq. The option award gives the employee the right to acquire up to 19,480 common shares under the Corporation's stock option Plan. The option has an exercise price of $0.77 per share which vested on October 24, 2023. The option will expire if it remains unexercised five years from the date of the award.
13. 주식 기반 보상 (계속)
On December 20, 2023, the Corporation granted its employees 61,490 stock options with an exercise price of $1.09 and expiry date of December 20, 2028. The stock options vested 100% at the grant date. The options were granted at an exercise price equal to the closing market price of the shares the day prior to the grant. Total stock-based compensation costs amount to $36,894 for an estimated fair value of $0.60 per option.
The fair value of each option granted was estimated at the time of grant using the Black-Scholes option pricing model. Black-Scholes is a pricing model used to determine the fair price or theoretical value for a call or a put option based on the following assumptions at the measurement date:
12 월 31, 2023 | 12 월 31, 2022 | |
무위험 이자율 | 3.1 % - 3.7 % | 1.5 % - 3.3 % |
예상 수명(년) | 5년 | 5년 |
휘발성 | 68.0 % - 61.6 % | 68.9 % - 69.4 % |
부여일의 주가 | $ 0.77 - $ 1.09 | $ 0.60 - $ 0.75 |
옵션당 공정가치 | $ 0.46 - $ 0.60 | $ 0.35 - $ 0.44 |
The total share-based payment expenses related to the options and the amount credited to contributed surplus were $52,303 ($2,046,342 for the year ended December 31, 2022). The following table outlines the activity for stock options for the years ended December 31, 2023, and 2022:
스톡옵션의 변동사항은 다음과 같습니다.
2023 | 2022 | |||
옵션 수 | 가중 평균 운동 가격 | 옵션 수 | 가중 평균 운동 가격 | |
$ | $ | |||
균형, 시작 | 10,717,395 | 0.57 | 6,935,000 | 0.51 |
부여 | 80,970 | 1.01 | 5,542,395 | 0.63 |
만료 | - | - | (1,500,000) | 0.53 |
행사 | (1,610,000) | 0.46 | (260,000) | 0.50 |
잔액, 종료 | 9,188,365 | 0.59 | 10,717,395 | 0.57 |
잔액, 행사 가능 종료 | 9,188,365 | 0.59 | 10,684,062 | 0.57 |
From the options exercised during the period ended December 31, 2023, 1,012,971 shares were withheld to cover the stock option grant price and related taxes.
13. 주식 기반 보상 (계속)
31년 2023월 XNUMX일 현재 미상환 및 행사 가능한 스톡옵션은 다음과 같습니다.
미결제 옵션 수 | 행사 가능한 옵션 수 | 운동 가격 | 만료일 |
$ | |||
1,670,000 | 1,670,000 | 0.38 | 31 년 2025 월 XNUMX 일 |
1,395,000 | 1,395,000 | 0.70 | 31 년 2026 월 XNUMX 일 |
100,000 | 100,000 | 0.50 | 13 년 2026 월 XNUMX 일 |
3,600,000 | 3,600,000 | 0.60 | 17년 2027월 XNUMX일 |
73,333 | 73,333 | 0.75 | 2027 년 4 월 20 일 |
39,062 | 39,062 | 0.64 | 2027 년 7 월 14 일 |
1,330,000 | 1,330,000 | 0.70 | 30 년 2027 월 XNUMX 일 |
900,000 | 900,000 | 0.59 | 31 년 2027 월 XNUMX 일 |
19,480 | 19,480 | 0.77 | 24년 2028월 XNUMX일 |
61,490 | 61,490 | 1.09 | 20 년 2028 월 XNUMX 일 |
9,188,365 | 9,188,365 |
13.2 제한된 공유 단위
RSU에 따른 조건부 상
13.2.1 설명
Conditional awards were made in 2022 that give participants the opportunity to earn restricted share unit awards under the Corporation’s Restricted Share Unit Plan (“RSU Plan”) subject to the generation of shareholder value over a four-year performance period.
The awards are designed to align the interests of the Corporation’s employees and shareholders, by incentivising the delivery of exceptional shareholder returns over the long-term. Participants receive a 10% share of a pool which is defined by the total shareholder value created above a 10% per annum compound hurdle.
상은 1년 2022월 XNUMX일부터 다음 XNUMX개의 측정 날짜까지 측정된 성과를 기반으로 XNUMX개의 트랜치로 구성됩니다.
- 최초 측정일: 31년 2023월 XNUMX일;
- 두 번째 측정 날짜: 31년 2024월 XNUMX일; 그리고
- 31차 측정일: 2025년 XNUMX월 XNUMX일.
RSU 계획에 따라 총주주수익률 성과 조건을 달성한 결과로 부여된 제한된 주식 단위 보상은 다음과 같이 귀속되어 계속 서비스될 수 있습니다.
- 최초 측정일 이후에 부여된 보상 - 50년 후 50%, XNUMX년 후 XNUMX%가 부여됩니다.
- 두 번째 측정 날짜 이후에 부여된 보상 - 50년 후 50%, XNUMX년 후 XNUMX%가 부여됩니다.
- 세 번째 측정 날짜 이후에 부여된 RSU - 100년 후 XNUMX% 베스팅됩니다.
따라서 상금의 최대 기간은 부여 후 XNUMX년입니다.
13. 주식 기반 보상 (계속)
The Corporation’s starting market capitalization is based on a fixed share price of $0.552. Value created by share price growth and dividends paid at each measurement date will be calculated with reference to the average closing share price over the three months ending on that date.
- 31년 2023월 100일 이후에는 RSU 계획에 따라 첫 번째 측정일에 풀 가치의 XNUMX%가 제한된 주식 단위로 인도되며, 할당될 수 있는 최대 주식 수는 초과되지 않습니다.
- 31년 2024월 100일 이후 두 번째 측정일의 풀 가치는 첫 번째 측정일의 풀 가치만큼 감소합니다(첫 번째 측정일과 두 번째 측정일 사이의 주가 변동에 따라 증가). 남아 있는 풀 값의 XNUMX%는 RSU 계획에 따라 제한된 공유 단위로 전달됩니다.
- 31년 2025월 100일 이후 XNUMX차 측정일의 풀가치는 XNUMX차 측정일의 풀가액만큼 감소(XNUMX차 측정일과 XNUMX차 측정일 사이의 주가 변동에 따라 증가) 후 풀가액만큼 추가 감소 XNUMX차 측정일부터 (XNUMX차 측정일과 XNUMX차 측정일 사이의 주가 변동에 따라 증가) 남아 있는 풀 값의 XNUMX%는 RSU 계획에 따라 제한된 공유 단위로 전달됩니다.
13.2.2 RSU Plan Amendment
The RSU Plan was amended by a shareholders General Meeting on June 15, 2023. As a result of the amendment the number of shares that could be issued under the RSU Plan to satisfy the conditional awards and other share awards was increased from 10% of a fixed share capital amount of 177,098,740 shares to 10% of share capital at the time of award, amounting to 10% of 263,073,022 shares, reduced by the number of outstanding options at each calculation date. As a result, an additional expense based on the difference between the fair value of the conditional awards before and after the modification will be recognised over the service period. The incremental fair value was determined and incorporated info the valuation in 12.2.2.
13.2.3 New Conditional Award under RSU Plan
On 13 October 2023, Amaroq made an award (the “Award”) under the RSU Plan as detailed below. The Award consists of a conditional right to receive value if the future performance targets, applicable to the Award, are met. Any value to which the participants are eligible in respect of the Award will be granted as Restricted Share Units (each an “RSU”), with each RSU entitling a participant to receive common shares in the Corporation. Each RSU will be granted under, and governed in accordance with, the rules of the Corporation's Restricted Share Unit Plan.
수상일자 | 13 년 2023 월 XNUMX 일 |
초기 가격 | CAD 0.552 |
장애물 비율 | 초기 가격보다 연 10% 상승 |
총 풀 | 10% of the growth in value above the Hurdle rate, not exceeding 10% of the Corporation’s share capital. The number of shares will be determined at the Measurement Dates. |
참가자 비율 | Edward Wyvill, Corporate Development 10% |
공연기간 | January 1, 2022 to December 31, 2025 (inclusive) |
일반 측정 날짜 | First Measurement Date: December 31, 2023, 50% vesting on the first anniversary of grant, with the remaining 50% vesting on the third anniversary of grant. Second Measurement Date: December 31, 2024, 50% vesting on the first anniversary of grant, with the remaining 50% vesting on the second anniversary of grant. Third Measurement Date: December 31, 2025, vesting on the first anniversary of grant. |
13. 주식 기반 보상 (계속)
13.2.4 평가
The fair value of the award granted in December 2022 and modified June 2023, in addition to the award granted October 13, 2023, increased to $7,378,000 based on 90% of the available pool being awarded. A charge of $1,856,000 was recorded during the year ended December 31, 2023 (nil in the year ended December 31, 2022).
The fair value was obtained through the use of a Monte Carlo simulation model which calculates a fair value based on a large number of randomly generated projections of the Corporation’s share price.
인수 | 가치관 |
부여 일 | 30 년 2022 월 XNUMX 일 |
Amendment date | 2023년 6월 28일 |
Additional award date | 2023 년 10 월 13 일 |
예상 수명(년) | 2.22 – 3.00 |
부여일의 주가 | $ 0.70 - $ 0.97 |
운동 가격 | 해당 사항 없음 |
배당 수익률 | 0% |
무위험 이자율 | 3.60 % - 4.71 % |
휘발성 | 55 % - 72 % |
보상의 공정 가치 - 최초 측정일 | $4,420,000 |
보상의 공정 가치 - 두 번째 측정 날짜 | $1,946,000 |
보상의 공정 가치 - 세 번째 측정일 | $1,012,000 |
보상의 총 공정 가치(풀의 90%) | $7,378,000 |
기대변동성은 부여일 이전 역사적 기간의 일별 주가변동성으로부터 기대존속기간에 상응하는 기간으로 산정하였다. 배당수익률은 부여일 현재의 배당수익률을 기준으로 제로배당수익률을 사용하였습니다.
14. 자본 관리
연결실체의 자본은 자본에 포함된 항목과 그 잔액으로 구성되며 그 변동은 연결자본변동표에 표시됩니다.
The Corporation’ objectives are to safeguard the Corporation’ ability to continue as a going concern in order to pursue its acquisition, exploration and evaluation activities and to maintain a flexible capital structure which optimizes the costs of capital at an acceptable risk. The Corporation manages the capital structure and makes adjustments to it in light of changes in economic conditions and the risk characteristics of the underlying assets. As the Corporation does not have cash flow from operations, to maintain or adjust the capital structure, the Corporation may attempt to issue new shares, issue debt, acquire or dispose of assets or adjust the amount of cash. In order to maximize ongoing development efforts and to continue operations, the Corporation does not pay out dividends. The Corporation is not subject to externally imposed restrictions on capital.
15. 직원 보수
급여
2023 | 2022 | |
$ | $ | |
급여 | 4,635,391 | 3,502,513 |
Director’s fees | 631,667 | 628,000 |
장점 | 380,839 | 590,407 |
5,647,897 | 4,720,920 | |
Less: salaries and benefits presented in E&E expenses | (704,620) | (904,888) |
Salaries and directors’ fees disclosed in general and administrative 경비 | 4,943,277 | 3,816,032 |
16. EXPLORATION AND EVALUATION EXPENSES
2023 | 날루나크 | 떠돌다 | 누나 누타크 | 아노리투크 | 자르록 | 사바 | 코버마인버그 | 스텐달렌 | 노스 사바 | 금액 |
$ | $ | $ | $ | $ | $ | $ | $ | $ | $ | |
지질학 | 385,796 | - | 30,056 | - | (1,921) | (59,660) | (16,914) | (20,202) | (34,913) | 282,242 |
숙박 및 현장지원 | 305,808 | - | - | - | (854) | (29,413) | (5,737) | (5,676) | (8,791) | 255,337 |
교련 | 1,354,447 | - | - | - | - | (144,019) | - | - | - | 1,210,428 |
Analysis | 32,177 | 156 | - | - | (87) | (25,060) | (1,035) | (173) | - | 5,978 |
지구 물리학 조사 | - | - | - | - | - | - | - | - | (416,177) | (416,177) |
교통편 | 800,247 | 3,922 | - | - | (442) | (37,154) | (2,450) | (2,290) | (3,256) | 758,577 |
소모품 및 장비 | 1,498,097 | - | - | - | (661) | (18,736) | (7,148) | (7,779) | (13,575) | 1,450,198 |
헬리콥터 헌장 | 1,210,601 | 14,007 | - | - | - | (241,390) | (13,072) | - | - | 970,146 |
물류 지원 | - | - | - | - | (3,316) | (16,275) | (12,479) | (9,796) | (9,643) | (51,509) |
유지 보수 인프라 | 1,641,203 | 1,569 | - | - | (1,544) | (83,364) | (23,521) | (26,700) | (48,770) | 1,458,873 |
프로젝트 엔지니어링 비용 | 55,792 | - | - | - | - | - | - | - | - | 55,792 |
정부 수수료 | - | 994 | - | - | - | - | - | - | - | 994 |
탐색 및 평가 expenses before 감가 상각 | 7,284,168 | 20,648 | 30,056 | - | (8,825) | (655,071) | (82,356) | (72,616) | (535,125) | 5,980,879 |
감가 상각 | 635,773 | - | - | - | - | - | - | - | - | 635,773 |
탐험과 evaluation expenses | 7,919,941 | 20,648 | 30,056 | - | (8,825) | (655,071) | (82,356) | (72,616) | (535,125) | 6,616,652 |
2022 | 날루나크 | 떠돌다 | 누나 누타크 | 아노리투크 | 자르록 | 사바 | 코버마인버그 | 스텐달렌 | 노스 사바 | 금액 |
$ | $ | $ | $ | $ | $ | $ | $ | $ | $ | |
지질학 | 1,001,263 | 54,524 | 30,992 | 17,966 | 1,919 | 75,596 | 16,914 | 20,202 | 34,912 | 1,254,288 |
숙박 및 현장지원 | 170,024 | 20,900 | 4,546 | 6,652 | 854 | 29,413 | 5,737 | 5,676 | 8,791 | 252,593 |
교련 | 2,962,491 | 611,610 | - | - | - | 144,019 | - | - | - | 3,718,120 |
Analysis | 205,304 | 86,765 | - | 1,208 | 87 | 25,060 | 1,035 | 173 | - | 319,632 |
지구 물리학 조사 | - | - | 364,827 | - | - | - | - | - | 416,177 | 781,004 |
교통편 | 222,546 | 84,644 | 2,028 | 3,052 | 442 | 37,154 | 2,450 | 2,290 | 3,256 | 357,862 |
소모품 및 장비 | 484,461 | 21,247 | 5,211 | 7,178 | 661 | 20,959 | 7,148 | 7,779 | 13,575 | 568,219 |
헬리콥터 헌장 | 221,039 | 424,586 | - | 19,850 | - | 267,957 | 13,072 | - | - | 946,504 |
물류 지원 | 904,310 | 62,777 | 11,530 | 18,478 | 3,316 | 16,275 | 12,479 | 9,796 | 9,643 | 1,048,604 |
유지 보수 인프라 | 2,401,358 | 62,431 | 16,437 | 21,886 | 1,544 | 83,558 | 23,521 | 26,700 | 48,770 | 2,686,205 |
프로젝트 엔지니어링 비용 | 35,946 | - | - | - | - | - | - | - | - | 35,946 |
정부 수수료 | 2,584 | 7,893 | - | - | - | - | - | - | - | 10,477 |
탐색 및 평가 expenses before 감가 상각 | 8,611,326 | 1,437,377 | 435,571 | 96,270 | 8,823 | 699,991 | 82,356 | 72,616 | 535,124 | 11,979,454 |
감가 상각 | 721,072 | - | - | - | - | - | - | - | - | 721,072 |
탐험과 evaluation expenses | 9,332,398 | 1,437,377 | 435,571 | 96,270 | 8,823 | 699,991 | 82,356 | 72,616 | 535,124 | 12,700,526 |
16. EXPLORATION AND EVALUATION EXPENSES (계속)
Exploration and Evaluation expenses for the period of twelve months ended December 31, 2023 are net of $1,353,993 of Exploration and Evaluation expenses incurred by Nalunaq A/S during the period from June 9 2022 to April 13, 2023 for the six non-gold strategic mineral licenses that have been transferred from Nalunaq A/S to Gardaq A/S (Note 21.1).
17. GENERAL AND ADMINISTRATIVE
2023 | 2022 | |
$ | $ | |
급여 및 혜택 | 4,311,610 | 3,188,032 |
Director’s fees | 631,667 | 628,000 |
전문 수수료 | 3,298,134 | 2,258,660 |
마케팅 및 업계 참여 | 713,161 | 598,447 |
보험 | 289,042 | 341,793 |
여행 및 기타 비용 | 1,383,767 | 746,180 |
규제 수수료 | 953,521 | 212,939 |
다음 요소 이전의 일반 및 관리 | 11,580,902 | 7,974,051 |
주식 기준 보상(주 13.1) | 1,908,303 | 2,046,342 |
감가 상각 | 142,707 | 129,627 |
일반 및 행정 | 13,631,912 | 10,150,020 |
18. 재정 비용
2023 | 2022 | |
$ | $ | |
임대 이자(주 11) | 34,097 | 37,523 |
기타 금융 비용 | 223 | - |
금융 비용 | 34,320 | 37,523 |
19. 소득세
세전손실액은 다음과 같은 사유로 인한 법인세비용차감전손실에 대해 법인에 적용되는 캐나다 법정 및 그린란드 소득세 합산세율을 적용하여 계산한 금액과 다릅니다.
2023 | 2022 | |
$ | $ | |
소득세 전 순손실 | (833,513) | (21,898,963) |
소득세율 | 26.5% | 26.5% |
소득세 공제 | (220,881) | (5,803,225) |
다음으로 인한 증가(감소): | ||
공제 불가 비용 | 1,971,160 | 547,829 |
법정 세율의 차이 | (234,138) | 213,652 |
미인식 이연법인세자산의 변동 | (1,516,141) | 5,041,744 |
세금 환급 | - | - |
19. 소득세 (계속)
The analysis of the Corporation’s deferred tax assets and liabilities as at December 31, 2023 and 2022 is as follows:
2023 | 2022 | |
$ | $ | |
이연법인세자산(부채): | ||
자본 자산 | (718,851) | (636,131) |
비자본 손실 | 718,851 | 636,131 |
- | - |
공사는 이월기간 동안 순미래법인세자산을 활용하기에 충분한 과세소득이 실현될 가능성이 높은 범위 내에서 이연법인세자산을 계상하고 있습니다.
31년 2023월 XNUMX일 현재 연결재무상태표에 인식되지 않은 차감할 일시적차이와 미사용 세무상결손금의 주요 구성요소는 다음과 같습니다.
그린란드 | ~에서 12 월 31, 2023 | |
$ | ||
자본외 손실 이월 | 58,120,333 |
회사는 광물 라이센스 보유자이므로 그린란드의 비자본 손실에는 만료일이 없습니다.
Canada | ~에서 2023 년 12 월 31 일 | |
$ | ||
2038년에 만료되는 비자본 손실 이월 | 965,032 | |
2039년에 만료되는 비자본 손실 이월 | 1,272,338 | |
2040년에 만료되는 비자본 손실 이월 | 1,210,348 | |
2041년에 만료되는 비자본 손실 이월 | 5,622,490 | |
2042년에 만료되는 비자본 손실 이월 | 8,261,231 | |
2043년에 만료되는 비자본 손실 이월 | 7,680,772 | |
2044년에 만료되는 비자본 손실 이월 | 10,153,386 |
20. NET LOSS PER SHARE
31년 2023월 833,513일 종료 연도의 기본 및 희석 주당 순손실 계산은 주주에게 귀속되는 순손실 $21,898,963(31년 2022월 31일 종료 연도의 경우 $2023)와 가중 평균 발행 보통주 수를 기반으로 합니다. 272,623,548년 191,575,781월 31일 종료 연도의 2022(31년 2023월 2022일 종료 연도의 경우 XNUMX). XNUMX년 XNUMX월 XNUMX일과 XNUMX년 XNUMX월 XNUMX일로 종료되는 회계연도의 순손실 결과 희석 가능성이 있는 모든 보통주는 반희석주로 간주되므로 희석주당 순손실은 해당 기간의 기본 주당 순손실과 동일합니다.
2023 | 2022 | ||
$ | $ | ||
당기 순이익 (손실) 및 포괄 손익 (손실) | (833,513) | (21,898,963) | |
가중평균 발행보통주수 - 기본 | 272,623,548 | 191,575,781 | |
가중 평균 발행 보통주 – 희석 | 272,623,548 | 191,575,781 | |
주당 기본 수입 (손실) | (0.003) | (0.11) | |
보통주당 희석이익(손실) | (0.003) | (0.11) |
21. RELATED PARTY TRANSACTIONS AND KEY MANAGEMENT COMPENSATION
21.1 Gardaq Joint Venture
2023 | 2022 | |
$ | $ | |
프로젝트 관리 수입 | 1,714,559 | - |
E&E 비용(주16) | 4,352,897 | - |
6,067,456 | - |
As at December 31, 2023, the balance receivable from Gardaq amounted to $3,521,938 ($nil as at December 31, 2022). This receivable balance represents the current balance of project management costs and exploration and evaluation costs incurred by the Corporation for six strategic minerals licenses transferred from Nalunaq A/S to Gardaq A/S. The exploration and evaluation costs incurred by the Corporation are transferred to Gardaq A/S from Nalunaq A/S in accordance with the respective clauses of the SSHA. (Note 16).
21.2 키 관리 보상
The Corporation’s key management are the members of the board of directors, the President and Chief Executive Officer, the Chief Financial Officer, the Vice President Exploration and the Corporate Secretary. Key management compensation is as follows:
2023 | 2022 | |
$ | $ | |
단기 혜택 | ||
전문 수수료 | - | - |
급여 및 혜택 | 3,209,409 | 2,104,440 |
E&E 비용에 포함된 급여 및 복리후생 | - | - |
Director’s fees | 631,667 | 628,000 |
장기적 혜택 | ||
주식 기준 보상(주 13.1) | 1,716,000 | 1,117,000 |
총 보상 | 5,557,076 | 3,849,440 |
21. RELATED PARTY TRANSACTIONS AND KEY MANAGEMENT COMPENSATION (계속)
주요 경영진은 해고 시 이유 없이 또는 통제권 변경 후 지급을 제공하는 고용 계약의 적용을 받으며 최대 XNUMX회 기본급을 지급합니다.
이사의 보수는 다음과 같습니다.
2023 | 2022 | ||||||
단기 혜택 (A) | 주식 기반 보상 | 총 보상 | 단기 혜택 (A) | 주식 기반 보상 | 총 보상 | ||
$ | $ | $ | $ | $ | $ | ||
엘두르 올라프손 | 1,553,155 | - | 1,553,155 | 801,935 | 385,000 | 1,186,935 | |
자코 크라우스 | 841,207 | - | 841,207 | 496,699 | 315,000 | 811,699 | |
그레이엄 스튜어트 | 181,000 | - | 181,000 | 181,000 | - | 181,000 | |
시구르비욘 토르켈손 | 86,000 | - | 86,000 | 86,000 | - | 86,000 | |
리안 켈리 | 89,667 | - | 89,667 | 86,000 | - | 86,000 | |
라인 프레데릭센 | 86,000 | - | 86,000 | 86,000 | - | 86,000 | |
데이비드 뉴하우저 | 86,000 | - | 86,000 | 86,000 | - | 86,000 | |
워릭 몰리-젭슨 | 103,000 | - | 103,000 | 103,000 | - | 103,000 | |
총 보상 | 3,026,029 | - | 3,026,029 | 1,926,634 | 700,000 | 2,626,634 |
(A) 단기 복리후생에는 급여, 해당되는 이사 비용, 연간 보너스 및 연금이 포함됩니다.
During 2023 certain directors acquired additional shares (net of shares withheld) by exercising their options. During 2022, the directors participated in the November 3, 2022 fundraising for $2,700,132. The director participation is as follows:
2023 | 2022 | |
신주수 | 신주수 | |
엘두르 올라프손 | 228,571 | 814,162 |
자코 크라우스 | - | 285,714 |
그레이엄 스튜어트 | 57,534 | 142,857 |
시구르비욘 토르켈손 | - | 1,444,424 |
데이비드 뉴하우저 | - | 2,285,714 |
금액 | 286,105 | 4,972,871 |
During 2024, a director of the Company participating in the 13 February 2024 fundraiser and acquired an additional 2,700,000 new common shares in the Company as a result (Note 23).
22. 금융 상품
The Corporation is exposed to various financial risks resulting from both its operations and its investment activities. The Management manages financial risks. The Corporation does not enter into financial instruments agreements, including derivative financial instruments, for speculative purposes. The Corporation’s main financial risks exposure and its financial policies are described below.
22.1 신용 위험
Credit risk is the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. The Corporation’s cash and escrow account for environmental monitoring are exposed to credit risk. Management believes the credit risk on cash and escrow account for environmental monitoring is small because the counterparties are chartered Canadian and Greenlandic banks.
22.2 유동성 위험
Liquidity risk is the risk that the Corporation will encounter difficulty in meeting obligations associated with financial liabilities. The Corporation seeks to ensure that it has sufficient capital to meet short-term financial obligations after taking into account its exploration and operating obligations and cash on hand. The Corporation anticipates seeking additional financing in order to fund general and administrative costs and exploration and evaluation costs. The Corporation’ options to enhance liquidity include the issuance of new equity instruments or debt.
다음 표는 금융부채의 장부금액과 계약상 만기를 요약한 것입니다.
31 년 2023 월 XNUMX 일 기준 | 31 년 2022 월 XNUMX 일 기준 | |||||
매입 채무 및 기타 채무 | 컨버터블 노트 | 리스 부채 | 매입 채무 및 기타 채무 | 리스 부채 | ||
$ | $ | $ | $ | $ | ||
1 년 이내 | 6,273,978 | - | 108,345 | 1,138,961 | 105,894 | |
1 ~ 5 년 | - | 35,743,127 | 544,178 | - | 434,852 | |
5 ~ 10 년 | - | - | 126,975 | - | 344,646 | |
금액 | 6,273,978 | 35,743,127 | 779,498 | 1,138,961 | 885,392 |
22. 금융 상품 (계속)
22.3 통화 위험
As at December 31, 2023 and 2022, a portion of the Corporation’s transactions are denominated in DKK, Euros, US$ and British Pounds (GBP) to the extent such currencies are different from the relevant group entities’ functional currency.
회사의 통화 잔액은 다음과 같습니다.
31 년 2023 월 XNUMX 일 기준 | DKK에서 | 유로화 | 미국 달러로 | GBP로 | |
현금 | 3,307,004 | 511,458 | 9,913,039 | 3,106,964 | |
환경 모니터링을 위한 에스크로 계정 | 3,054,191 | - | - | - | |
선불비용 및 기타 | 7,868,890 | 7,637,896 | 680,855 | 3,092 | |
매입 채무 및 기타 채무 | (8,242,210) | (107,103) | (282,634) | (20,476) | |
Convertible notes loan (note 10) | - | - | (8,879,786) | - | |
5,987,875 | 8,042,251 | 1,431,474 | 3,089,580 | ||
환율 | 0.1961 | 1.4620 | 1.3247 | 1.6863 | |
CAD와 동일 | 1,174,222 | 11,757,771 | 1,896,274 | 5,209,959 |
31년 2023월 10일 현재 위의 순 익스포저를 기반으로 하고 다른 모든 변수가 일정하다고 가정하면 DKK, 유로, US$ 및 GBP에 대한 캐나다 달러의 10% 절상 또는 감가상각은 이익을 2,003,823% 감소/증가시킵니다. 또는 $XNUMX 손실.
31 년 2022 월 XNUMX 일 기준 | DKK에서 | 유로화 | 미국 달러로 | GBP로 | |
현금 | 1,493,645 | 72,577 | 6,372,862 | 5,580,141 | |
환경 모니터링을 위한 에스크로 계정 | 2,193,001 | - | - | - | |
선불비용 및 기타 | 207,465 | - | - | - | |
매입 채무 및 기타 채무 | (1,440,197) | (81,970) | (112,718) | (57,639) | |
2,453,914 | (9,393) | 6,260,144 | 5,522,502 | ||
환율 | 0.1948 | 1.4487 | 1.3541 | 1.6370 | |
CAD와 동일 | 478,022 | (13,608) | 8,476,861 | 9,040,336 |
31년 2022월 10일 현재 위의 순 익스포저를 기반으로 하고 다른 모든 변수가 일정하다고 가정하면 DKK, 유로, US$ 및 GBP에 대한 캐나다 달러의 10% 절상 또는 감가상각은 이익을 1,798,162% 감소/증가시킵니다. 또는 $XNUMX 손실.
22.4 공정 가치
공정가치로 인식되거나 공시되는 금융자산과 금융부채는 공정가치 결정에 사용된 투입변수의 성격에 따라 공정가치 서열체계로 분류됩니다. 공정가치 서열체계의 수준은 다음과 같습니다.
• Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities
• Level 2 - Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices)
• Level 3 - Inputs for the asset or liability that are not based on observable market data (i.e., unobservable inputs)
22. 금융 상품 (계속)
The following table summarizes the carrying value of the Corporation’s financial instruments:
2023 년 12 월 31 일 | 2022 년 12 월 31 일 | |
$ | $ | |
현금 | 21,014,633 | 50,137,569 |
매출 채권 및 기타 채권 | 3,521,938 | - |
판매세 미수금 | 69,756 | 95,890 |
입금 | 27,944 | 27,944 |
지분법 공동약정에 대한 투자 | 23,492,811 | - |
환경 모니터링을 위한 에스크로 계정 | 598,939 | 427,120 |
채무 및 발생 부채 | (6,273,979) | (1,138,961) |
컨버터블 노트 | (35,743,127) | - |
리스 부채 | (657,440) | (729,237) |
Due to the short-term maturities of cash, trade and other receivables, and accounts payable and accrued liabilities, the carrying amounts of these financial instruments approximate fair value at the respective balance sheet date.
The carrying value of the convertible note instrument approximates its fair value at maturity and includes the embedded derivative associated with the early conversion option and the host liability at amortized cost. The embedded derivative’s valuation model uses historical volatility as an estimate of current market expectations of volatility. Volatility is an unobservable input and changes in the estimate of volatility impacts the fair value of the embedded derivative and profit and loss. The follow table displays the sensitivity of the embedded derivative’s fair value to changes in the volatility estimate as of December 31, 2023:
Change in volatility | 휘발성 | Fair Value of Embedded Derivative | Change in Fair Value | Impact on Profit and Loss |
% | % | $ | $ | $ |
0 | 63.73% | 23,980,074 | - | - |
5% | 66.92% | 24,575,411 | 595,336 | (595,336) |
15% | 73.29% | 25,741,602 | 1,761,527 | (1,761,527) |
25% | 79.67% | 26,869,400 | 2,889,325 | (2,889,325) |
-5 % | 60.55% | 23,378,006 | (602,068) | 602,068 |
-15 % | 54.17% | 22,159,072 | (1,821,003) | 1,821,003 |
-25 % | 47.80% | 20,931,967 | (3,048,107) | 3,048,107 |
The carrying value of lease liabilities approximate their fair value based upon a discounted cash flows method using a discount rate that reflects the Corporation’s borrowing rate at the end of the period.
23. S후속 이벤트
23.1 기금 모금
On February 13, 2024, the Company announced the successful completion of its oversubscribed fundraising which resulted in a total of 62,724,758 new common shares being conditionally placed with new and existing institutional investors at a placing price of 74 pence (CAD $1.25 at the closing exchange rate on 9 February 2024). The placing price represents a 5.7% premium to the closing share price on 9 February 2024 on the AIM exchange. The fundraising will consist of:
- A placing of new common shares with new and existing institutional investors at the placing price (the “UK Placing”). Stifel Nicolaus Europe Limited is acting as the sole bookrunner and broker on the UK Placing.
- A placing of new depository receipts representing new common shares with new and existing investors at the placing price (the “Icelandic Placing”). Landsbankinn hf. And Fossar fjarfestingarbanki hf. Are acting as joint bookrunners on the Icelandic Placing and Landsbankinn hf. Is acting as underwriter.
- A private placement of new common shares by certain existing institutional investors and a director of the Company at the placing price (the “Canadian Subscription”). The Director has committed to subscribe to approximately CAD $3.4 million (equivalent to GBP 2.0 million) in the fundraising.
As a result of the subscription, net proceeds of approximately GBP 44 million (CAD 75 million) have been raised, exceeding the initial targeted amount of GBP 30 million. The shares subscribed to, when issued, will be credited as fully paid and will rank 파리 파투 in all respects with the existing common shares of the Company. Following the admission of the subscribed shares, Amaroq’s total issued share capital will consist of 326,455,446 common shares.
The proceeds of the fund will be used to further advance exploration at the Company’s Vagar and Nanoq licenses and to fund an additional capital injection into its Gardaq joint venture, as well as to accelerate mining and development of the Company’s Nalunaq gold project.
The Fundraising closed on February 23, 2024.
23.1.1 Related party transaction
Amaroq director, Sigurbjorn Throkelsson, has participated in the Canadian Subscription acquiring a total of 2,700,000 new common shares representing gross proceeds of CAD 3.4 million (GBP 2.0 million) via Klettar LP (in which he is a sole beneficiary).
23. S후속 이벤트 (계속)
23.2 Awards under Restricted Share Units Plan (“RSU”)
On 23 February 2024, in alignment with the Company’s RSU plan dated 15 June 2023, the Company granted an award (the “Award”) to directors and employees of the Company as listed in the table below.
Conditional awards were granted to participants on 30 December 2022 and 13 October 2023. The performance period runs from 1 January 2022 to 31 December 2025 with measurement dates at 31 December 2023, 31 December 2024 and 31 December 2025.
수상 내역은 다음과 같습니다.
수상일자 | 23 2월 2024 | ||
초기 가격 | CAD 0.552 | ||
장애물 비율 | 초기 가격보다 연 10% 상승 | ||
총 풀 | 회사 주식 자본금의 10%를 초과하지 않는 한도에서 Hurdle Rate 이상 가치 증가의 10% The number of shares is determined at the Measurement Dates | ||
Participants, proportions and number of shares subject to RSU | 참가자 | 비율 (%) | Number of shares subject to RSU |
Eldur Olafsson, CEO | 40% | 3,805,377 주 | |
Jaco Crouse, CFO | 20% | 1,902,688 주 | |
Joan Plant, Executive VP | 10% | 951,344 주 | |
James Gilbertson, VP Exploration | 10% | 951,344 주 | |
Edward Wyvill, Corporate Development | 10% | 951,344 주 | |
First Measurement Date: | 31 12월 2023 50% of the Shares will vest on the first anniversary of grant, with the remaining 50% vesting on the third anniversary of grant. |