v3.25.2
Related Party Transactions
 6 Months Ended
Jun. 30, 2025
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
Related parties include key management of the Company and any entities controlled by these individuals or their direct family members. Key management personnel consist of directors and senior management including the Executive Chairman, Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, and Chief Legal Officer.

The amounts paid to key management or entities providing similar services are as follows:
Three Months Ended
Six Months Ended
June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Consulting$95 $108 $114 $150 
Directors' fees
245 84 341 153 
Staff costs227 511 453 920 
Stock option expense579 583 1,263 1,084 
Total$1,146 $1,286 $2,171 $2,307 


During the six months ended June 30, 2025 and 2024, the Company incurred communications & community engagement consulting fees of $77 and $150, respectively, according to a contract with 5 Spot Corporation, a company owned and operated by the spouse of the Company’s Executive Chairman. During the six months ended June 30, 2025, the Company also incurred consulting fees of $38 according to a contract with Powerhaus Gruppe Corp, a company owned and operated by a family member of the Company’s Executive Chairman.

On February 21, 2025 and July 27, 2025, the Company entered into amendments to the Uranium Loan with Boss as discussed in Note 14 – Debt. Boss owns 30% of the JV Alta Mesa, as discussed in Note 8 - Sale of Minority Interest in Alta Mesa.

On April 8, 2025, the Company completed a sale of NM Energy Holding Canada that holds the Crownpoint and Hosta Butte projects pursuant to the Purchase Agreement with Verdera. The spouse of the Company’s Chairman serves as a member of the board of directors of Verdera and certain directors and officers of the Company own common shares of Verdera. The Audit Committee of the Board consisting solely of disinterested directors oversaw the negotiation of the terms of the Sale on behalf of the Company. A third party valuation firm acted as financial advisor to the Audit Committee and provided the Audit Committee with an opinion as to the fairness, from a financial point of view, to the Company of the consideration received in the Sale pursuant to the Purchase Agreement. The Purchase Agreement was unanimously approved by the Board upon recommendation by the Audit Committee. For more information regarding the Sale, see Note 7 – Mineral Rights and Properties.

As of June 30, 2025, and December 31, 2024, the following amounts were owed to related parties:
June 30, 2025December 31, 2024
5-Spot CorporationConsulting services$- $10 
Powerhaus Gruppe CorpConsulting services20 - 
Officers and Board membersAccrued compensation65 836 
BossNote payable including accrued interest10,361 21,639 
Total
$10,446 $22,485