ATAC Resources Ltd.

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Condensed Interim Consolidated Financial Statements For the nine months ended September 30, 2021 and 2020 Unaudited – Prepared by Management (Expressed in Canadian dollars)

ATAC Resources Ltd. #1500 – 409 Granville Street Vancouver, British Columbia V6C 1T2

November 19, 2021

To the Shareholders of ATAC Resources Ltd.

The attached condensed interim consolidated financial statements have been prepared by the management of ATAC Resources Ltd. and have not been reviewed by the auditor of the Company.

Yours truly,

Graham Downs Chief Executive Officer

Condensed Interim Consolidated Statements of Financial Position Unaudited – Prepared by Management Expressed in Canadian dollars As at

Unaudited – Prepared by Management Expressed in Canadian dollars As at
	September 30, 2021		December 31, 2020
ASSETS
Current assets:
Cash and cash equivalents (Note 3)	$	7,082,614	$	5,901,360
Receivables and prepayments (Note 4)		72,389		121,339
Marketable securities (Note 5)		323,749		420,957
		7,478,752		6,443,656
Non-current assets
Prepaid exploration expenditures		21,558		45,494
Mineral property interests (Note 6)		3,300,067		793,966
Reclamation deposit (Note 7)		145,069		125,744
Equipment (Note 8)		98,835		112,000
		3,565,529		1,077,204
Total Assets	$	11,044,281	$	7,520,860
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$	705,966	$	169,830
Accounts payable to related parties (Note 10)		35,431		56,566
Flow-through premium liability (Note 13)		88,775		-
Total liabilities		830,172		226,396
Shareholders’ equity:
Share capital (Note 9)		135,718,285		132,149,164
Contributed surplus (Note 9)		2,360,706		3,059,482
Deficit		(127,864,882)		(127,914,182)
Total shareholders’ equity		10,214,109		7,294,464
Total liabilities and shareholders’ equity	$	11,044,281	$	7,520,860

Nature of operations and going concern (Note 1) Commitments (Note 13) Event after the reporting period (Note 14)

Approved on behalf of the Board of Directors as of November 19, 2021:

“Bruce J. Kenway” Director “Glenn R. Yeadon” Director

The accompanying notes are an integral part of these condensed interim consolidated financial statements.

ATAC RESOURCES LTD.

Condensed Interim Consolidated Statements of Loss and Comprehensive Loss Unaudited – Prepared by Management Expressed in Canadian dollars

Three months ended September 30, Nine months ended September 30,	Three months ended September 30, Nine months ended September 30,
2021 2020 2021	2020
Expenses: Consulting fees (Note 10) $ 13,500 $ 9,000 $ 90,500 Depreciation (Note 8) 1,015 - 1,354 General administrative expenses 17,969 8,752 33,233 Insurance 13,358 12,245 40,073 Investor relations and shareholder information 35,048 31,153 54,967 Management, administration, and corporate development fees (Note 10) 17,754 12,250 48,470 Office rent (Note 10) 11,700 12,000 43,500 Professional fees (Note 10) 44,134 23,929 153,928 Property examination costs (Note 10) 2,127 - 46,829 Salaries and benefits (Note 10) 81,943 70,004 254,594 Share-based payments (Note 9,10) 126,677 50,087 149,846 Transfer agent and filing fees 11,456 5,333 21,448 Travelandmeals 11,407 - 11,407	$ 27,300 - 17,909 36,735 84,343 52,933 34,000 91,722 22,440 194,802 292,436 16,563 -
Loss from operating expenses (376,681) (234,753) (950,149)	(871,183)
Project management fee 16,500 - 16,500 Foreign exchange gain or loss (2,820) - 185 Interest income 10,487 31,684 31,110 Gain(loss) on marketable securities (Note 5) (124,088) 54,807 (105,011) Flow-through premium liability recovery (Note 13) 103,670 - 139,225 Recoveryinexcess ofcarryingvalue (Note 6) - 9,566 30,000	- - 136,465 107,901 - 9,566
Loss for the period before income taxes (372,932) (138,969) (838,140)	(617,251)
Deferred income tax expense - (219,840) -	(129,435)
Loss and comprehensive loss for theperiod $ (372,932) $ (358,536) $ (838,140)	$ (746,686)
Weighted average number of shares outstanding -basic and diluted 184,338,547 162,550,938 171,644,042 Basic and diluted lossper share $ (0.00) $ (0.00) $ (0.01)	159,551,779 $ (0.00)

The accompanying notes are an integral part of these condensed interim consolidated financial statements.

ATAC RESOURCES LTD.

Condensed Interim Consolidated Statements of Changes in Shareholders’ Equity Unaudited – Prepared by Management Expressed in Canadian dollars

	Share Capital Number of Shares Share capital Contributed surplus Deficit Total shareholders’ equity
January 1, 2020 Share-based payments Re-allocated on expiration of options Re-allocated on cancellation of options Shares issued on exercise of options Re-allocated on exercise of options Private placement shares issued Flow-through premium liability Share issuance costs Loss and comprehensive loss for the period	158,035,720 $ 131,090,809 $ 3,673,633 $ (26,143,281) $ 108,621,161 - - 292,436 - 292,436 - - (641,194) 641,194 - - - (258,152) 258,152 - 275,000 83,750 - - 83,750 - 50,539 (50,539) - - 4,347,827 1,000,000 - - 1,000,000 - (21,739) - - (21,739) - (70,195) 22,745 - (47,450) - - - (746,686) (746,686)
September 30, 2020 Share-based payments Shares issued for mineral properties Loss and comprehensive loss for the period	162,658,547 132,133,164 3,038,929 (25,990,621) 109,181,472 - - 20,553 - 20,553 80,000 16,000 - - 16,000 - - - (101,923,561) (101,923,561)
December 31, 2020 Re-allocated on expiration of options Re-allocated on expiration of finders’ warrants Private placement shares issued Share issuance costs Share-based payments Loss for the period	162,738,547 132,149,164 3,059,482 (127,914,182) 7,294,464 - - (887,440) 887,440 - - 15,200 (15,200) - - 21,600,000 4,032,000 - - 4,032,000 - (478,079) 54,018 - (424,061) - - 149,846 - 149,846 - - - (838,140) (838,140)
September 30, 2021	184,338,547 $ 135,718,285 $ 2,360,706 $(127,864,882) $ 10,214,109

See accompanying notes to condensed consolidated interim financial statements.

ATAC RESOURCES LTD.

Condensed Interim Consolidated Statements of Cash Flows Unaudited – Prepared by Management Expressed in Canadian dollars

For the nine months ended September 30,		2021		2020
Cash flows from operating activities:
Loss and comprehensive loss for the period	$	(838,140)	$	(746,686)
Items not involving cash:
Share-based payments		149,846		292,436
Unrealized gain on marketable securities		105,011		(107,901)
Interest income		(31,110)		(136,465)
Depreciation		1,354		-
Deferred income tax expense		-		129,435
Recovery in excess of carrying value		(30,000)		(9,566)
Flow-through premium recovery		(139,225)		-
Changes in non-cash working capital items:
Receivables and prepayments		15,880		(77,032)
Accounts payable and accrued liabilities		(35,781)		(15,047)
Due to related parties		(14,268)		33,307
Cash used in operating activities		(816,433)		(637,519)
Cash flows used/from investing activities
Interest received		31,110		136,465
Proceeds on sale of marketable securities		12,197		-
Option payment received		10,000		5,000
Reclamation deposit		(19,325)		1,000
Purchase of equipment		(12,189)		-
Yukon mining exploration grant received		56,333		37,242
Mineral property acquisition costs		(153,161)		(130,738)
Prepaid exploration expenditures		(50,799)		(64,176)
Deferred exploration and evaluation expenditures		(1,712,418)		(2,350,801)
Cash used in investing activities		(1,838,252)		(2,366,008)
Cash flows from financing activities
Issue of common share units for cash		4,032,000		1,083,750
Share issuance costs		(196,061)		(65,000)
Cash provided by financing activities		3,835,939		1,018,750
Change in cash		1,181,254		(1,984,777)
Cash, beginning of the period		5,901,360		9,669,634
Cash, end of the period	$	7,082,614	$	7,684,857

Supplemental cash flow information (Note 11)

See accompanying notes to condensed consolidated interim financial statements.

ATAC RESOURCES LTD. Notes to the Condensed Interim Consolidated Financial Statements Unaudited - Prepared by Management (Expressed in Canadian dollars) For the nine months ended September 30, 2021 and 2020

1. Nature of operations and going concern

ATAC Resources Ltd. (the “Company” or “ATAC”) was incorporated under the laws of the Province of British Columbia, Canada. The Company’s head office is located at 1500 – 409 Granville Street, Vancouver, British Columbia, Canada, V6C 1T2. Its records office is located at 1710 - 1177 West Hastings Street, Vancouver, British Columbia, Canada, V6E 2L3. Its main business activity is the acquisition, exploration and evaluation of mineral property interests located in Canada and United States. The Company’s common shares trade on the TSX Venture Exchange (“TSX-V”) and the OTCQB Venture Market (“OTCQB”).

The Company is in the process of exploring its mineral property interests and has not yet determined whether they contain mineral reserves that are economically recoverable. The Company's continuing operations and the underlying value and recoverability of the amounts shown for mineral property interests are entirely dependent upon the existence of economically recoverable mineral reserves, the ability of the Company to obtain the necessary financing to complete the exploration and development of the mineral property interests, obtaining the necessary permits to mine, and on future profitable production or proceeds from the disposition of the mineral property interests.

These financial statements are prepared on the basis that the Company will continue as a going concern, which assumes that the Company will be able to continue in operation for the foreseeable future and will be able to realize its assets and discharge its liabilities and commitments in the normal course of operations. As an exploration stage company, the Company does not have revenues and historically has recurring operating losses. As at September 30, 2021, the Company had working capital of $6,648,580 (December 31, 2020 - $6,217,260) and shareholders’ equity of $10,214,109 (December 31, 2020 - $7,294,464). Management has assessed that this working capital is sufficient for the Company to continue as a going concern beyond one year. If the going concern assumption were not appropriate for these financial statements, it could be necessary to restate the Company’s assets and liabilities on a liquidation basis.

In March 2020, the World Health Organization declared coronavirus COVID-19 a global pandemic. This contagious disease outbreak, which has continued to spread, and any related adverse public health developments, has adversely affected workforces, economies, and financial markets globally, potentially leading to an economic downturn. It is not possible for the Company to predict the duration or magnitude of the adverse results of the outbreak and its effects on the Company’s ability to raise capital or conduct exploration activities. There are travel restrictions and health and safety concerns in all areas in which the Company operates, including the Yukon and B.C in Canada and Nevada, USA, that may prohibit or delay exploration programs from proceeding. Operations will depend on obtaining necessary field supplies, obtaining contractor services and safeguarding all personnel during the outbreak, which may be prohibitive or too costly.

2. Significant accounting policies

(a) Basic of presentation

These financial statements have been prepared in conformity with International Accounting Standard (“IAS”) 34, Interim Financial Reporting, using the same accounting policies as detailed in the Company‘s annual audited financial statements for the year ended December 31, 2020, and do not include all the information required for full annual financial statements in accordance with International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board ("IASB") and interpretations of the International Financial Reporting Interpretations Committee ("IFRIC"). It is suggested that these financial statements be read in conjunction with the annual audited financial statements.

These financial statements have been prepared on an historical cost basis, except for financial instruments which are classified as fair value through profit or loss (“FVTPL”). In addition, these financial statements have been prepared using the accrual basis of accounting, except for cash flow information.

2. Basis of Preparation (continued)

(b) Basis of consolidation

These condensed consolidated interim financial statements incorporate the financial statements of the Company and its wholly controlled subsidiaries. Control exists when the Company has the power, directly or indirectly, to govern the financial and operating policies of an entity so as to obtain benefits from its activities. The condensed consolidated interim financial statements include the accounts of the Company and its direct wholly-owned subsidiaries. All significant intercompany transactions and balances have been eliminated.

	Country of		Functional
	Incorporation	Effective Interest	currency
0885802 B.C. Ltd.	Canada	100%	Canadian Dollar
0885794 B.C. Ltd.	Canada	100%	Canadian Dollar
CascadiaMineralsLtd.	USA	100%	USDollar

On January 14, 2021, Cascadia Minerals Ltd. was incorporated in the State of Nevada, USA, to facilitate the exploration of the Company’s East Goldfield project (Note 6). The records office of Cascadia Minerals Ltd. is 210 – 241 Ridge Street, Reno, Nevada, USA.

(c) Significant accounting policies

The accounting policies, estimates and critical judgments, methods of computation and presentation applied in these financial statements are consistent with those of the most recent annual audited financial statements and are those the Company expects to adopt in its financial statements for the year ended December 31, 2021. Accordingly, these financial statements should be read in conjunction with the Company’s most recent annual audited financial statements.

(d) New accounting standards

Certain pronouncements have been issued by the IASB or IFRIC that are effective for accounting periods beginning on or after January 1, 2021. The Company has reviewed these updates and determined that many of these updates are not applicable or consequential to the Company and have been excluded from discussion within these significant accounting policies.

3. Cash and cash equivalents

Cash and cash equivalents consist of the following:

	September 30,	September 30,	December 31,	December 31,
		2021		2020
Bank and broker balances	$	3,408,487	$	2,257,851
Cashable investment certificates		3,674,127		3,643,509
	$	7,082,614	$	5,901,360

Notes to the Condensed Interim Consolidated Financial Statements Unaudited - Prepared by Management (Expressed in Canadian dollars) For the nine months ended September 30, 2021 and 2020

ATAC RESOURCES LTD.

4. Receivables and prepayments

Receivables and prepayments consist of the following:

	September 30,	September 30,	December 31,	December 31,
		2021		2020
Sales tax recoverable	$	17,802	$	11,181
Exploration incentives receivable (Note 6)		-		56,333
Account receivable		17,325		-
Prepaid expenses		37,262		53,825
	$	72,389	$	121,339

5. Marketable securities

Marketable securities consist of various common shares received on the option of mineral property interests as follows:

	Shares with an active market		Warrants	Totals
Cost January 1, 2020 Additions September 30, 2020 Fair value January 1, 2020 Additions Unrealized gain (loss) September30,2020	$ 1,691,834 33,500 1,725,334 213,593 33,500 115,702 $ 362,795		$ 475,000 - 475,000 15,981 - (7,801) $ 8,180	$ 2,166,834 35,000 2,200,334 229,574 33,500 107,901 $ 370,975
Cost January 1, 2021 Additions Proceeds on sale Realized gain (loss) September 30, 2021 Fair value January 1, 2021 Additions Proceeds on sale Realized gain (loss) Unrealized gain (loss) September 30, 2021	$ 1,725,334 20,000 (12,177) (293,537) 1,439,620 411,114 20,000 (12,177) (2,055) (93,133) $ 323,749		$ 475,000 - (20) (474,980) - 9,843 - (20) (9,823) - $ -	$ 2,200,334 20,000 (12,197) (768,517) 1,439,620 420,957 20,000 (12,197) (11,878) (93,133) $ 323,749

During the year ended December 31, 2020, the Company received 25,000 common shares of Makara Mining Corp. (“Makara”) at a fair value of $33,500 ($1.34 per share) pursuant to an option agreement in respect of the Idaho Creek project (Note 6). In the nine months ended September 30, 2021, the Company received an additional 50,000 common shares of Makara at a value of $20,000 ($0.40 per share).

The valuation of the shares with an active market has been determined in whole by reference to the bid price of the shares on the TSX-V or Toronto Stock Exchange (“TSX”) at each period end date.

6. Mineral property interests

The Company’s mineral property interests consist of various exploration stage properties located in the Yukon Territory, Canada and Nevada, USA. The properties have been grouped into wholly-owned, under option and royalty interests. Properties which are in close proximity and could be developed as a single economic unit are grouped into projects.

	Wholly-owned	Under option	Total
January 1, 2020 Acquisitions / staking / assessments Exploration and evaluation Proceeds from option Gain on option Impairments December 31, 2020 Acquisitions / staking / assessments Exploration and evaluation September 30, 2021	$ 115,451,621 137,438 3,819,135 (38,500) 184 (118,783,685) 586,193 80,747 1,623,004 $ 2,289,944	$ - 47,115 160,658 - - - 207,773 72,414 729,936 $ 1,010,123	$ 115,451,621 184,553 3,979,793 (38,500) 184 (118,783,685) 793,966 153,161 2,352,940 $ 3,300,067

Changes in the project carrying amounts for the nine months ended September 30, 2021 and year ended December 31, 2020 are summarized as follows:

	January 1, 2021	Acquisitions / staking / assessments	Exploration and evaluation	September 30, 2021
Wholly-owned projects Rackla Gold Property - Osiris and Orion - Rau Connaught Idaho Creek Rosy	$ 1 1 2 373,072 - 213,119	$ 26,114 50,248 76,362 4,385 - -	$ 431,549 449,922 881,471 633,449 3,225 104,859	$ 457,664 500,171 957,835 1,010,906 3,225 317,978
Under option project East Goldfield	586,193 207,773	80,747 72,414	1,623,004 729,936	2,289,944 1,010,123
Total All Projects	$ 793,966	$ 153,161	$ 2,352,940	$ 3,300,067

	January 1, 2020	Acquisitions / staking / assessments	Exploration and evaluation	Proceeds from option	Impairments	December 31, 2020
Wholly-owned projects Rackla Gold Property - Osiris and Orion - Rau Connaught Idaho Creek Rosy	$ 75,293,440 39,666,330 114,959,770 258,051 24,181 209,619	$ 77,044 893 77,937 58,991 127 383	$ 512,662 3,233,318 3,745,980 56,030 14,008 3,117	$ - - - - (38,500) -	$ (75,883,145) (42,900,540) (118,783,685) - - -	$ 1 1 2 373,072 - 213,119
Under option project East Goldfield	115,451,621 -	137,438 47,115	3,819,135 160,658	(38,500) -	(118,783,685) -	586,193 207,773
Total All Projects	$ 115,451,621	$ 184,553	$ 3,979,793	$ (38,500)	$ (118,783,685)	$ 793,996

6. Mineral property interests (continued)

Wholly-owned projects

The Company’s wholly owned projects are comprised of the rights to explore various mineral claims located in the Yukon Territory and Nevada, which are at various stages of exploration. They are not subject to any option or sale agreements, except as noted below.

Rackla Gold property

The Rackla Gold property consists of a 100% interest in the various mineral properties located in the Mayo Mining District, Yukon Territory. The Rackla Gold property has been divided into three separate projects, being the Rau, Osiris and Orion projects.

The Rau project is located at the western end of the Rackla Gold property and hosts the Tiger Gold deposit.

The Osiris project is located at the eastern end of the Rackla Gold property and hosts Carlin-type gold mineralization.

The Orion project is located in the central one-third of the Rackla Gold property.

As at December 31, 2020, the Company recorded an impairment provision of $118,783,685 on the Rackla Gold property as a result of certain impairment indicators being present under the accounting standards. The impairment indicators largely consisted of: (i) the Company’s market capitalization being significantly lower than the net assets of the Company for a prolonged period of time; and (ii) the ongoing challenges that the Company has faced with respect to getting the road permitting in place to allow ground access to the property. In future periods, if the impairment indicators are no longer present (ie: the Company’s market capitalization has improved and the Company is successful in the continued negotiations with respect to the road permitting), the Company, if it can provide a supportable estimate of the property’s recoverable amount, may record a reversal of the 2020 impairment provision. Any impairment reversal shall be to the recoverable amount, not to exceed the carrying value of the property prior to its impairment.

Connaught project

The Connaught project consists of a 100% interest in the CN, NC, OM and TN mineral claims located in the Dawson Mining District, Yukon Territory. The TN claims are subject to a 1% NSR.

In 2019, the Company was approved to receive financial assistance from the Yukon Government on 2019 qualified exploration expenditures on its CN claims, to a maximum of $37,242. As at December 31, 2019, the Company had earned the full $37,242, which was received during the six months ended June 30, 2020.

In 2020, the Company was approved to receive financial assistance from the Yukon Government on 2020 qualified exploration expenditures on its Connaught project, to a maximum of $39,558. As at December 31, 2020, the Company had earned $33,070 of the amount, which was received during the nine months ended September 30, 2021.

See Blackbear claims and Mag claims for option agreements in respect of additional claims forming part of the Company’s Connaught project.

Idaho Creek project

The Idaho Creek project consists of a 100% interest in the Idaho mineral claims located in the Whitehorse Mining District, Yukon Territory.

On August 19, 2020, and amended on November 25, 2021, and October 13, 2021, the Company signed a property option agreement (the “Option Agreement”) with Makara Mining Corp. (“Makara”), whereby Makara has the option to earn a 100% interest in the Company’s Idaho Creek project. Pursuant to the Option Agreement, Makara can earn the interest through completion of the following:

6. Mineral property interests (continued)

Wholly-owned projects (continued)

Idaho Creek project (continued)

Cash payments of $150,000:

$5,000 on execution of the Option Agreement (received);
$10,000 on or before May 1, 2021 (received);
$20,000 on or before May 1, 2022;
$25,000 on or before May 1, 2023; and - $90,000 on or before May 1, 2024.

Issuance of 750,000 common shares:

25,000 common shares on execution of the Option Agreement (received at a fair value of $33,500);
50,000 common shares on or before May 1, 2021 (received at a fair value of $20,000);
100,000 common shares on or before May 1, 2022;
250,000 common shares on or before May 1, 2023; and
325,000 common shares on or before May 1, 2024.

In addition, Makara is required to incur $2,000,000 in exploration expenditures on the project as follows:

$50,000 on or before December 1, 2020 (incurred);
An additional $100,000 on or before December 1, 2021 (amended to $25,000 on or before December 1, 2021 (incurred), with the remaining $75,000 deferred to on or before December 1, 2022);
An additional $150,000 on or before December 1, 2022;
An additional $500,000 on or before December 1, 2023; and
An additional $1,200,000 on or before December 1, 2024.

Pursuant to the Option Agreement, the Company retains a 2% NSR from any commercial production of precious metals from the Idaho Creek project of which Makara can repurchase one-half (being 1%) for $1,000,000.

Further, in addition to the NSR, the Company shall be entitled to receive a one-time cash payment equal to $1 per ounce of gold (or the value equivalent in other metals) identified in the earlier of a National Instrument 43-101 Standards of Disclosure for Mineral Property compliant: (i) measured and indicated resource estimate applicable to the project; or (ii) a proven and probable reserve estimate applicable to the project.

During the year ended December 31, 2020, the Company recognized a gain of $184 in respect of option payments received in excess of the Company’s carrying value of the project. In the nine months ended September 30, 2021, the Company recognized a recovery in excess of carrying costs of $30,000.

In 2020, the Company was approved to receive financial assistance from the Yukon Government on 2020 qualified exploration expenditures on its Idaho Creek project, to a maximum of $23,263. As at December 31, 2020, the Company had earned the full amount, which was received during the nine months ended September 30, 2021.

Expenditures on the project after the Option Agreement with Makara was signed have been recovered from Makara, therefore the financial assistance earned on these amounts are due to Makara. The 2020 financial assistance was determined to be $18,536 and was included in accounts payable and accrued liabilities as at December 31, 2020 and paid during the nine months ended September 30, 2021.

Rosy project

The Rosy project consists of a 100% interest in the Rosy and Sam mineral claims located in the Whitehorse Mining District, Yukon Territory.

6. Mineral property interests (continued)

Projects under option

East Goldfield project

On February 20, 2020, the Company signed a Property Option Agreement with Silver Range Resources Ltd. (“Silver Range”), a company with common Directors and Officers, whereby the Company has the option to earn a 100% interest in Silver Range’s East Goldfield property located in Nevada, USA. Pursuant to the Option Agreement, the Company has the right to earn an initial 75% interest in the property (the “Initial Option”) by making cash payments to Silver Range based on the following schedule:

Cash payments of $400,000:

$30,000 on execution of the Option Agreement (paid);
$40,000 on or before April 1, 2021 (paid);
$70,000 on or before April 1, 2022;
$100,000 on or before April 1, 2023; and
$160,000 on or before April 1, 2024.

In addition, the Initial Option requires the Company to incur exploration expenditures on the property as follows:

$200,000 on or before April 1, 2021 (incurred); - An additional $200,000 on or before April 1, 2022; and - An additional $9,600,000 on or before December 1, 2025.

The Company has the right at its sole election to make up 50% of all of the cash payments under the Initial Option through the issuance of common shares to Silver Range. The number of common shares to be issued as payment is to be calculated using a share price equal to the volume weighted average price of the Company’s common shares for the 10 trading days immediately preceding the applicable payment date, subject to such price not being less than $0.05 per share. Silver Range is not required to accept any number of common shares where accepting the number of shares will result in Silver Range holding (directly or indirectly) more than an aggregate 19.9% of the issued and outstanding shares of the Company.

On completion of the Initial Option, the Company will have the right to acquire an additional 25% interest in the property (the “Second Option”) by paying Silver Range an additional $10,000,000 on or before the date that is six months from the Company’s issuance of a notice to Silver Range confirming its desire to exercise the Second Option.

Silver Range will retain a 2% NSR on all mineral production from the properties, of which up to 1% can be purchased for $1,000,000.

Silver Range will also be entitled to receive a one-time cash payment equal to US$2 per ounce of gold (or the value equivalent in other metals) on the first 1,000,000 ounces of gold, identified in a NI 43-101 compliant measured and indicated resource estimate application (or proven and probable reserves) to the property; and an additional onetime cash payment equal to US$1 per ounce of gold (or the value equivalent in other metals) on all ounces of gold in excess of 1,000,000 ounces of gold, identified in a NI 43-101 compliant proven or probable reserve estimate applicable (or proven and probable reserves) to the property.

6. Mineral property interests (continued)

Projects under option (continued)

Blackbear claims (continued)

On November 20, 2020, the Company signed a Property Option Agreement with two vendors whereby the Company has the option to earn a 100% interest in a series of claims contiguous to the Company’s Connaught project. Pursuant to the Option Agreement, the Company has the right to earn a 100% interest in the property by making cash payments to the vendors based on the following schedule:

Cash payments of $100,000:

$10,000 on execution of the Option Agreement (paid); - $10,000 on or before February 28, 2022; - $10,000 on or before February 28, 2023; - $15,000 on or before February 28, 2024; - $25,000 on or before February 28, 2025; and - $30,000 on or before February 28, 2026.

In addition, the Option Agreement requires the Company to issue 200,000 common shares as follows:

20,000 common shares on Exchange acceptance (issued at a fair value of $4,000); - 20,000 common shares on or before February 28, 2022; - 20,000 common shares on or before February 28, 2023; - 30,000 common shares on or before February 28, 2024; - 50,000 common shares on or before February 28, 2025; and - 60,000 common shares on or before February 28, 2026.

The vendors will retain a 2% NSR on all mineral production from the properties, of which up to 1% can be purchased for $500,000.

Mag claims

On November 20, 2020, the Company signed a Property Option Agreement with a vendor whereby the Company has the option to earn a 100% interest in a series of claims contiguous to the Company’s Connaught project. Pursuant to the Option Agreement, the Company has the right to earn a 100% interest in the property by making cash payments to the vendor based on the following schedule:

Cash payments of $70,000:

$15,000 on execution of the Option Agreement (paid); - $25,000 on or before December 31, 2021; and
$30,000 on or before December 31, 2022.

In addition, the Option Agreement requires the Company to issue 120,000 common shares as follows:

60,000 common shares on Exchange acceptance (issued at a fair value of $12,000); - 30,000 common shares on or before December 31, 2021; and - 30,000 common shares on or before December 31, 2022.

The vendors will retain a 1% conventional royalty (“CNSR”) and a 10% high-grade royalty on all mineral production from the properties The Company has the right to purchase 100% of the CNSR for $250,000.

Royalty interests

The Company has a 1% NSR on the Golden Revenue, Nitro, Seymour and Dawson Gold properties located in the Dawson and Whitehorse Mining Districts, Yukon Territory.

6. Mineral property interests (continued)

Exploration expenditures

Exploration and evaluation expenditures on the projects consisted of the following:

For the nine months ended September 30, 2021	Osiris and Orion	Rau	East Goldfield	Other	Total
Assays Depreciation (Note 8) Drilling Field and camp Helicopter and fixed wing Labour Resource, engineering and environmental studies Surveys and consulting Travel and accommodation Total All Projects	$ 5,048 12,000 - 129,460 - 17,313 267,563 - - $ 431,549	$ 39,834 12,000 36,242 135,665 148,269 61,501 - - 16,411 $ 449,922	$ 39,272 - 531,196 40,873 - 40,160 - 57,262 21,173 $ 729,936	$ 60,974 - - 137,086 45,818 130,295 6,213 226,632 134,515 $ 741,533	$ 145,128 24,000 567,438 443,084 194,087 249,269 273,941 283,894 172,099 $ 2,352,940

For the year ended December 31, 2020		Osiris and Orion	Rau	Other	Total
Assays Depreciation (Note 8) Drilling Field Helicopter and fixed wing Labour Resource, engineering and environmental studies Surveys and consulting Travel and accommodation Less: Yukon mineral exploration grant Total All Projects		$ 19,898 16,000 35,600 41,840 178,590 18,296 193,570 1,260 7,608 512,662 - $ 512,662	$ 176,375 16,000 888,651 434,132 834,202 566,003 185,665 13,645 118,645 3,233,318 - $ 3,233,318	$ 119,298 - - 15,017 - 86,862 - 52,051 784 274,012 (40,199) $ 233,813	$ 315,571 32,000 924,251 490,989 1,012,792 671,161 379,235 66,956 127,037 4,019,992 (40,199) $ 3,979,793

7. Reclamation deposit

As at September 30, 2021, the Company has pledged to the Yukon Government a reclamation deposit of $128,519 (December 31, 2020 - $125,744) to ensure specified properties are properly restored after exploration. This reclamation deposit is comprised of a cashable guaranteed investment certificate with a one-year term. In addition, the Company has posted a bond of $16,550 (US$13,442) with the Nevada Bureau of Land Management in relation to the estimated reclamation cost on the East Goldfield project. Management has determined that the Company has no material reclamation work related to the properties requiring the deposits.

Notes to the Condensed Interim Consolidated Financial Statements Unaudited - Prepared by Management (Expressed in Canadian dollars) For the nine months ended September 30, 2021 and 2020

ATAC RESOURCES LTD.

8. Equipment

	Exploration equipment	Computer equipment	Total
Cost January 1, 2020 and December 31, 2020 Accumulated depreciation January 1, 2020 Depreciation December31,2020	$ 160,000 16,000 32,000 $ 48,000	$ - - - $ -	$ 160,000 16,000 32,000 $ 48,000
Cost January 1, 2021 Additions September 30, 2021 Accumulated depreciation January 1, 2021 Depreciation September 30, 2021	$ 160,000 - 160,000 48,000 24,000 $ 72,000	$ - 12,189 12,189 - 1,354 $ 1,354	$ 160,000 12,189 172,189 48,000 25,354 $ 73,354
Net book value December 31, 2020 September30,2021	$ 112,000 88,000	$ - 10,835	$ 112,000 98,835

Depreciation on exploration equipment is capitalized to the Company’s exploration properties (Note 6), as the equipment is used exclusively for the Company’s exploration efforts. During the nine months ended September 30, 2021, the Company capitalized $24,000 in depreciation charges (2020 - $24,000) to mineral property interests.

9. Share capital

The authorized share capital of the Company consists of unlimited common shares without par value, and unlimited Class “A” preferred shares with a par value of $1.00 each. All issued shares are fully paid.

Transactions for the issue of share capital during the nine months ended September 30, 2021:

On April 16, 2021, the Company completed a flow-through private placement consisting of the issue of 4,800,000 flow-through common shares at a price of $0.21 per common share for gross proceeds of $1,008,000.

The flow-through shares were issued at a premium to the trading value of the Company’s common shares, which is a reflection of the value of the income tax write-offs that the Company will renounce to the flow-through shareholders. The premium was determined to be $144,000 and was recorded as a reduction of share capital. An equivalent flow-through share premium liability was recorded and will be reversed pro-rata as the required exploration expenditures are incurred (Note 13).

9. Share capital (continued)

Transactions for the issue of share capital during the nine months ended September 30, 2021 (continued):

On June 25, 2021, the Company completed a private placement consisting of:

a) 14,400,000 units at a price of $0.175 per unit for gross proceeds of $2,520,000. Each unit consisted of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of $0.24 until June 25, 2024; and
b) 2,400,000 flow-through units at a price of $0.21 per flow-through unit for gross proceeds of $504,000. Each flow-through unit consisted of one flow-through common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of $0.24 until June 25, 2024.

The flow-through share units were issued at a premium to the trading value of the Company’s common shares, which is a reflection of the value of the income tax write-offs that the Company will renounce to the flow-through shareholders. The premium was determined to be $84,000 and was recorded as a reduction of share capital. An equivalent flow-through share premium liability was recorded and will be reversed pro-rata as the required exploration expenditures are incurred (Note 13).

Finders’ fees totaling $155,449 were incurred in respect of the placement, including the issue of 859,478 finders’ warrants having a fair value of $54,018. Legal and filing fees amounted to $40,610 and were recorded as a share issue cost and deducted from share capital.

Transactions for the issue of share capital during the year ended December 31, 2020:

On June 30, 2020, the Company completed a flow-through private placement consisting of the issue of 4,347,827 flow-through units at a price of $0.23 each for gross proceeds of $1,000,000. Each unit consists of one flowthrough common share and one-half of a share purchase warrant, with each whole warrant being exercisable into a non-flow-through common share at an exercise price of $0.27 until June 30, 2022.

The flow-through share units were issued at a premium to the trading value of the Company’s common shares, which is a reflection of the value of the income tax write-offs that the Company will renounce to the flow-through shareholders. The premium was determined to be $21,739 and was recorded as a reduction of share capital. An equivalent flow-through share premium liability was recorded and will be reversed pro-rata as the required exploration expenditures are incurred (Note 13). No value was allocated to the warrant component of the unit.

Finders’ fees totaling $82,745 were incurred in respect of the placement, including the issue of 260,870 finders’ warrants having a fair value of $22,745. Legal and filing fees amounted to $5,000 and were recorded as a share issue cost and deducted from share capital net of deferred income tax benefits of $17,550.

Common share rights

The Company has a “Rights Plan” under which one right is issued for each issued and outstanding common share of the Company. Each right entitles the holder to purchase from the Company one common share at a price equal to one-half the market price for each common share of the Company, subject to certain anti-dilutive adjustments. The rights are exercisable only if the Company receives an unacceptable take-over bid as defined in the Rights Plan. The current Rights Plan was approved at the November 2020 annual shareholders’ meeting and will remain in effect until the annual shareholders’ meeting in 2023. As at September 30, 2021, there were 184,338,547 rights outstanding (December 31, 2020 – 162,738,547).

9. Share capital (continued)

Stock options

The Company has an incentive stock option plan (the “Plan”), under which the maximum number of stock options issued cannot exceed 10% of the Company’s currently issued and outstanding common shares. The exercise period for any options granted under the Plan cannot exceed ten years. The exercise price of options granted under the Plan cannot be less than the “discounted market price” of the common shares (defined as the last closing market price of the Company’s common shares immediately preceding the issuance of a news release announcing the granting of the options, or the date of grant in respect of options granted to consultants, less a discount of from 15% to 25%), unless otherwise agreed to by the Company and accepted by the TSX-V.

A participant who is a consultant conducting investor relations activities who is granted options under the plan will become vested with the right to exercise one-quarter of the options upon conclusion of every three months subsequent to the grant date.

Stock option transactions are as follows:

	Number	Weighted Average	Weighted Average
	of Stock Options	Exercise Price
Balance, December 31, 2019	12,437,500	$	0.49
Granted	2,405,000		0.22
Exercised	(275,000)		0.30
Expired and cancelled	(2,332,500)		0.68
Balance, December 31, 2020	12,235,000	$	0.41
Granted	3,050,000		0.18
Expired	(3,860,000)		0.38
Balance, September 30, 2021	11,425,000	$	0.36
Exercisable, September30,2021	8,400,000	$	0.42

As at September 30, 2021, the Company has stock options outstanding and exercisable as follows:

Number of Stock Options Outstanding Number of Stock Options Exercisable	Number of Stock Options Outstanding Number of Stock Options Exercisable	Number of Stock Options Outstanding Number of Stock Options Exercisable	Exercise Price ExpiryDate
	2,110,000 2,640,000 1,605,000 100,000 1,725,000 195,000 100,000 2,950,000 11,425,000	2,110,000 2,640,000 1,605,000 100,000 1,725,000 195,000 25,000 - 8,400,000	$ 0.55 May 26, 2022 0.55 February 1, 2023 0.30 February 4, 2024 0.30 February 4, 2024 0.22 January 9, 2025 0.20 April 28, 2025 0.17 April 8, 2026 0.18 July 8, 2026 $ 0.42

During the nine months ended September 30, 2021, 3,050,000 (2020 – 2,405,000) options were granted to Officers, Directors, related company employees and consultants with a weighted average fair value of $0.09 per option (2020 - $0.12). For the period ended September 30, 2021, the Company recognized share-based payment expense of $149,846 (2020 - $292,436) for options granted and vesting.

9. Share capital (continued)

Stock options (continued)

The following weighted average assumptions were used for the Black-Scholes option-pricing model valuation of stock options granted:

	2021	2020
Risk-free interest rate	0.89%	1.45%
Expected life of option	5 years	5 years
Expected annualized volatility	70.19%	64.98%
Dividend	-	-

Warrants

During the nine months ended September 30, 2021, the Company issued 8,400,000 (2020 – 2,173,914) warrants to subscribers to the flow-through financing completed.

In addition, during the nine months ended September 30, 2021, 859,478 finders’ warrants (2020 – 260,870) were issued in connection with the financings completed. The value of the finders’ warrants was determined to be $54,018 (2020 – $22,745) using the Black-Scholes option pricing model with the following weighted average assumptions: expected life of warrants – three years (2020 – two years), stock price volatility – 70.29% (2020 – 72.67%), no dividend yield (2020 – none), and a risk-free interest rate yield – 0.63% (2020 – 0.25%).

Warrant transactions are summarized as follows:

	Number	Weighted Average	Weighted Average
	of Warrants	Exercise Price
Balance, December 31, 2019	5,636,072	$	0.425
Issued	2,434,784		0.27
Balance, December 31, 2020	8,070,856		0.28
Issued	9,259,478		0.24
Expired	(382,500)		0.425
Balance, September 30, 2021	16,947,834	$	0.26

As at September 30, 2021, the Company has warrants outstanding and exercisable as follows:

Number of Warrants Outstanding andExercisable	Number of Warrants Outstanding andExercisable	Exercise Price ExpiryDate
	5,253,572 2,173,914 260,870 9,259,478 16,947,834	$ 0.28 March 22, 2022 0.27 June 30, 2022 0.23 June 30, 2022 0.24 June 25, 2024 $ 0.26

Notes to the Condensed Interim Consolidated Financial Statements Unaudited - Prepared by Management (Expressed in Canadian dollars) For the nine months ended September 30, 2021 and 2020

ATAC RESOURCES LTD.

10. Related party payables and transactions

The aggregate value of transactions and outstanding balances with key management personnel and Directors and entities over which they have control or significant influence were as follows:

Classification	For the nine months ended September 30, 2021	For the nine months ended September 30, 2020
Archer, Cathro (a) Geological services Property costs Office and administration Office rent Carvest - geological services (b) Property costs Yeadon Law Corp. (c) Professional fees DBM CPA (d) Professional fees D. Goss Corporation (e) Consulting fees Graham Downs (f) Salaries and benefits Ian Talbot (g) Management fees Kenway Mack (h) Consulting fees Andrew Carne (i) Property costs and salaries and benefits Adam Coulter (j) Property costs and salaries and benefits	$ - - - 13,050 70,095 14,500 31,500 168,750 31,500 9,000 96,250 96,250 $ 530,895	$ 869,797 57,063 926,860 3,915 41,872 38,800 21,000 172,998 29,894 6,300 54,649 55,595 $ 1,351,883

(a) Archer Cathro is a geological consulting firm that is a former related party through its management contracts, which confer significant influence over operations. Charges are for property location, acquisition, exploration, management, accounting, office rent and administration.

(b) Robert Carne is a Company Director. He controls Carvest Holdings Ltd. (“Carvest”), which provides geological consulting services to the Company.

(c) Glenn Yeadon is a Director and the Company’s Secretary. He controls Glenn R. Yeadon Personal Law Corporation (“Yeadon Law Corp.”), which provides the Company with legal services.

(d) Larry Donaldson is the Company’s former CFO. He is a principal of Donaldson Brohman Martin CPA Inc. (“DBM CPA”), a firm in which he has significant influence. DBM CPA provides the Company with accounting and tax services.

(e) Douglas Goss is a Director and the Company’s Chairman of the Board. He controls Douglas O. Goss Professional Corporation (“D. Goss Corporation”), which provides consulting services to the Company.

(f) Graham Downs is the Company’s President and CEO. He is paid a monthly salary and benefits for his services.

(g) Ian Talbot is the Company’s COO. He provides the Company with management services.

(h) Bruce Kenway is a Company Director and Chairman of the Audit Committee. He is a partner in Kenway Mack Slusarchuk Stewart LLP (“Kenway Mack”), which provides advisory services to the Company.

(i) Andrew Carne is the Company’s Interim CFO and Vice-president of Corporate and Project Development. He is paid a monthly salary for his services with fees allocated between exploration and evaluation expenditures and salaries and benefits expense relative to time spent.

(j) Adam Coulter is the Company’s Vice-president of Exploration. He is paid a monthly salary for his services with fees allocated between exploration and evaluation expenditures and salaries and benefits expense relative to time spent.

All related party balances are unsecured and are due within thirty days without interest.

10. Related party payables and transactions (continued)

Stock option transactions with related parties:

During the nine months ended September 30, 2021, 2,400,000 stock options were granted to key management personnel and Directors having a fair value on issue of $211,644. The options granted are exercisable at $0.18 until July 8, 2026, and vest over on a quarterly basis commencing three months of the date of grant.

During the nine months ended September 30, 2020, 1,695,000 stock options were granted to key management personnel and Directors having a fair value on issue of $201,802. 1,500,000 of the options granted are exercisable at $0.22 until January 9, 2025. The remaining 195,000 options granted have an exercise price of $0.20 until April 28, 2025.

11. Supplemental cash flow information

The Company incurred non-cash financing and investing activities during the nine months ended September 30, 2021 and 2020 as follows:

		2021		2020
Non-cash financing activities:
Share issue costs on finders’ warrants issued	$	54,018	$	22,745
Expiry of finders’ warrants		15,200		-
Share capital reduced byflow-throughshare premium		228,000		21,739

		2021		2020
Non-cash investing activities:
Deferred exploration expenditures included in accounts payable
and related party payables	$	590,411	$	1,025,234
Marketable securities received as option payment		20,000		33,500
Deferred exploration expenditures included in receivables		-		(31,877)
Depreciationcapitalized to explorationexpenditures		24,000		24,000

During the nine months ended September 30, 2021 and 2020, no amounts were paid for interest or income tax expenses.

12. Financial risk management

Capital management

The Company is a junior exploration company and considers items included in shareholders' equity as capital. The Company has no debt and does not expect to enter into debt financing. The Company manages its capital structure and makes adjustments to it in light of changes in economic conditions and the risk characteristics of underlying assets. In order to maintain or adjust its capital structure, the Company may issue new shares, purchase shares for cancellation pursuant to normal course issuer bids or make special distributions to shareholders. The Company is not subject to any externally imposed capital requirements and does not presently utilize any quantitative measures to monitor its capital. The Company’s capital structure as at September 30, 2021 is comprised of shareholders’ equity of $10,214,109 (December 31, 2020 - $7,294,464).

The Company currently has no source of revenues. In order to fund future projects and pay for administrative costs, the Company will spend its existing working capital and raise additional funds as needed. The Company's ability to continue as a going concern on a long-term basis and realize its assets and discharge its liabilities in the normal course of business rather than through a process of forced liquidation is primarily dependent upon its ability to sell or option its mineral properties and its ability to borrow or raise additional funds from equity markets.

12. Financial risk management (continued)

Financial instruments - fair value

The Company’s financial instruments consist of cash and cash equivalents, marketable securities, reclamation deposit, accounts payable and accrued liabilities, and accounts payable to related parties.

The carrying value of accounts payable and accrued liabilities and accounts payable to related parties approximates their fair value because of the short-term nature of these instruments.

Financial instruments measured at fair value on the consolidated statements of financial position are summarized into the following fair value hierarchy levels:

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 (unobservable inputs).

Level 1	Level 2	Level 3 Total
September 30, 2021 Cash and cash equivalents $ 7,082,614 Marketable securities 323,749 Reclamation deposits 145,069	$ - - -	$ - $ 7,082,614 - 323,749 - 145,069
$ 7,551,432	$ -	$ - $ 7,551,432

Level 1	Level 2	Level 3 Total
December 31, 2020 Cash and cash equivalents $ 5,901,360 Marketable securities 411,114 Reclamation deposits 125,744	$ - 9,843 -	$ - $ 5,901,360 - 420,957 - 125,744
$ 6,438,218	$ 9,843	$ - $ 6,448,061

Financial instruments - risk

The Company’s financial instruments can be exposed to certain financial risks, including credit risk, interest rate risk, liquidity risk and market and currency risk.

(a) Credit risk

The Company is exposed to credit risk by holding cash and cash equivalents. This risk is minimized by holding the funds in Canadian banks and credit unions or with Canadian governments. The Company has minimal accounts receivable exposure as its refundable credits are due from the Canadian Government.

(b) Interest rate risk

The Company is exposed to interest rate risk because of fluctuating interest rates. Fluctuations in market rates do not have a significant impact on the Company’s operations due to the short term to maturity and no penalty cashable feature of its cash equivalents.

(c) Liquidity risk

Liquidity risk is the risk that the Company is unable to meet its financial obligations as they come due. The Company manages this risk by careful management of its working capital to ensure its expenditures will not exceed available resources.

12. Financial risk management (continued)

Financial instruments – risk (continued)

(d) Market risk

The Company is exposed to market risk because of the fluctuating values of its publicly traded marketable securities. The Company has no control over these fluctuations and does not hedge its investments. Based on the September 30, 2021 value of marketable securities every 10% increase or decrease in the share prices of these companies would have impacted loss for the period, up or down, by approximately $32,000 (2020 - $37,000) before income taxes.

(e) Currency risk

The Company is exposed to currency risk because it holds funds and receivables in United States Dollars (“USD”), which, because of fluctuating exchange rates can create gains or losses at the time the funds are converted to Canadian dollars. The Company has no control over these fluctuations and does not hedge its foreign currency holdings. Based on its September 30, 2021 USD holdings, every 5% increase or decrease in the exchange rate would have had an insignificant impact on profit or loss before income taxes.

13. Commitments

On April 16, 2021, the Company completed a private placement of flow-through units for gross proceeds of $1,008,000 (Note 10). The Company is required to spend the funds on qualified exploration programs no later than December 31, 2022. The expenditures and available income tax benefits will be renounced to the flowthrough shareholders effective December 31, 2021. As of September 30, 2021, $974,573 of the funds had been spent.

On June 28, 2021, the Company completed a private placement of flow-through units for gross proceeds of $504,000 (Note 10). The Company is required to spend the funds on qualified exploration programs no later than December 31, 2022. The expenditures and available income tax benefits will be renounced to the flow-through shareholders effective December 31, 2021. As of September 30, 2021, none of the funds had been spent.

A summary of the Company’s flow-through premium liability as at September 30, 2021 and December 31, 2020 and changes during the period then ended is as follows:

	September 30, 2021	December 31, 2020
Balance, beginning of period Addition pursuant to financing Reduction, pro rata based on eligible expenditures Balance, end ofperiod	$ - 228,000 (139,225) $ 88,775	$ 136,852 21,739 (158,591) $ -

14. Event after the reporting period

Subsequent to September 30, 2021, the Company granted 250,000 stock options exercisable at $0.18 per share until July 8, 2026.

AI assistant

ATAC Resources Ltd. — Interim / Quarterly Report 2021

45012_rns_2021-11-19_1d3fbf48-15d1-4ab1-85d8-39ad617b2972.pdf

ATAC RESOURCES LTD.

ATAC RESOURCES LTD.

ATAC RESOURCES LTD.

Condensed Interim Consolidated Statements of Changes in Shareholders’ Equity Unaudited – Prepared by Management Expressed in Canadian dollars

ATAC RESOURCES LTD.

Condensed Interim Consolidated Statements of Cash Flows Unaudited – Prepared by Management Expressed in Canadian dollars

1. Nature of operations and going concern

2. Significant accounting policies

(a) Basic of presentation

2. Basis of Preparation (continued)

(b) Basis of consolidation

(c) Significant accounting policies

(d) New accounting standards

3. Cash and cash equivalents

ATAC RESOURCES LTD.

4. Receivables and prepayments

5. Marketable securities

6. Mineral property interests

6. Mineral property interests (continued)

Wholly-owned projects

Rackla Gold property

Connaught project

Idaho Creek project

6. Mineral property interests (continued)

Wholly-owned projects (continued)

Idaho Creek project (continued)

Rosy project

6. Mineral property interests (continued)

Projects under option

East Goldfield project

6. Mineral property interests (continued)

Projects under option (continued)

Blackbear claims (continued)

Mag claims

Royalty interests

6. Mineral property interests (continued)

Exploration expenditures

7. Reclamation deposit

ATAC RESOURCES LTD.

8. Equipment

9. Share capital

Transactions for the issue of share capital during the nine months ended September 30, 2021:

9. Share capital (continued)

Transactions for the issue of share capital during the nine months ended September 30, 2021 (continued):

Transactions for the issue of share capital during the year ended December 31, 2020:

Common share rights

9. Share capital (continued)

Stock options

9. Share capital (continued)

Stock options (continued)

Warrants

ATAC RESOURCES LTD.

10. Related party payables and transactions

10. Related party payables and transactions (continued)

11. Supplemental cash flow information

12. Financial risk management

Capital management

12. Financial risk management (continued)

Financial instruments - fair value

Financial instruments - risk

(a) Credit risk

(b) Interest rate risk

(c) Liquidity risk

12. Financial risk management (continued)

(d) Market risk

(e) Currency risk

13. Commitments

14. Event after the reporting period

More from ATAC Resources Ltd.

ATAC Resources Ltd. Interim / Quarterly Report 2021