v3.25.2
Joint Venture With General Motors (Tables)
 6 Months Ended
Jun. 30, 2025
Joint Venture Formation [Abstract]  
Schedule of Net Assets, Respective Interests and Non-controlling Interest

The net assets, respective interests and non-controlling interest of Lithium Nevada Ventures as of June 30, 2025 and December 31, 2024, are as follows:

 

 

June 30,
2025

 

 

December 31,
2024

 

Assets

 

$

1,197,306

 

 

$

888,486

 

Liabilities

 

 

(93,322

)

 

 

(71,813

)

Net assets

 

$

1,103,984

 

 

$

816,673

 

 

 

 

 

 

 

 

GM's non-controlling interest

 

$

419,514

 

 

$

310,336

 

The Company's controlling interest

 

 

684,470

 

 

 

506,337

 

Net assets

 

$

1,103,984

 

 

$

816,673

 

 

 

 

 

 

 

 

Non-controlling interest in Lithium Nevada Ventures

 

 

 

 

 

 

Balance at beginning of period

 

$

310,336

 

 

$

-

 

On initial recognition as at December 20, 2024

 

 

-

 

 

 

310,441

 

GM FID capital contribution

 

 

110,804

 

 

 

-

 

Non-controlling interests share of loss 1

 

 

(1,626

)

 

 

(105

)

Balance at end of period

 

$

419,514

 

 

$

310,336

 
1
The Company allocates income and net assets between the controlling and non-controlling interests based on a hypothetical liquidation at book value.