v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 133,691 $ 19,001
Receivables, net 4,670 3,273
Inventory 21,811 15,331
Prepaids and deposits 5,129 3,421
Current portion of other assets 1,278 1,278
Total current assets 166,579 42,304
Non-current assets    
Other assets 1,112 594
Restricted cash 41,312 40,289
Property, plant and equipment, net 573,878 572,442
Total non-current assets 616,302 613,325
Total assets 782,881 655,629
Current liabilities    
Accounts payable and accrued liabilities 25,009 26,420
Current portion of long-term debt 77,594 37,842
Current reclamation liabilities 1,185 906
Current portion of other liabilities 16,743 8,882
Total current liabilities 120,531 74,050
Non-current liabilities    
Deferred tax liabilities 16,401 16,401
Long-term debt 98,218 153,555
Reclamation liabilities 57,941 55,710
Non-current portion of other liabilities 26,250 15,249
Total non-current liabilities 198,810 240,915
Total liabilities 319,341 314,965
COMMITMENTS AND CONTINGENCIES
EQUITY    
Common shares, unlimited authorized shares with no par value, 814,697,291 and 409,786,957 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 790,183 606,505
Additional paid-in capital 29,595 18,977
Accumulated deficit (356,238) (284,818)
Total equity 463,540 340,664
Total liabilities and equity $ 782,881 $ 655,629