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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net loss $ (16,617) $ (22,256)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 3 61
Stock-based compensation 1,514 1,834
Foreign exchange (gain) loss, net 543 1,482
Performance bonds facility fee 1,146 0
Loss on remeasurement of assets classified as held for sale 0 376
Accretion of asset retirement obligations 582 500
Checkerboard fee 0 5,950
Accrued interest income (232) 0
Interest expense 97 94
Changes in operating assets and liabilities:    
Trade and other receivables 28 2
Prepaid expenses and other assets (131) 680
Accounts payable and accrued expenses (2,188) 2,361
Other non-current liabilities 749 14
Net cash used in operating activities (14,506) (8,902)
Cash flows from investing activities:    
Payments for property, plant and equipment (208) (197)
Payments for exploration and evaluation (47,241) (42,090)
Payments for assets under construction (14,247) (6,603)
Payments of third party costs for proposed Falcon Acquisition (1,835) 0
Proceeds from sale of assets held for sale 0 7,990
Payment of interest on borrowings (1,163) 0
Payment of interest on finance lease liabilities (1,969) (1,074)
Proceeds from government grants for exploration 120 6,169
Net cash used in investing activities (66,543) (35,805)
Cash flows from financing activities:    
Proceeds from issue of common stock 78,356 0
Proceeds from issue of shares under greenshoe option 0 7,410
Contributions received from noncontrolling interest holders 36,419 30,316
Common stock issue transaction costs (4,494) (479)
Payment of performance bond facility establishment fee (271) (383)
Proceeds from borrowings 32,506 0
Payment of debt issuance costs (2,887) 0
Repayment of lease liabilities (6,135) (5,504)
Net cash from financing activities 133,494 31,360
Net (decrease) increase in cash and cash equivalents and restricted cash 52,447 (13,347)
Cash and cash equivalents and restricted cash at the beginning of period 45,161 74,746
Effects of exchange rate changes on cash and cash equivalents 816 (1,957)
Cash and cash equivalents and restricted cash at the end of period 98,424 59,442
Non-cash investing and financing activities:    
Accrued capital expenditure 11,863 5,846
Asset retirement obligations (60) (445)
Stock-based compensation (1,667) (2,757)
Contribution receivable from noncontrolling interest holders 0 3,286
Operating lease right-of-use assets and lease liabilities (2,577) (128)
Interest accrued on finance lease liabilities 0 (415)
Finance lease right-of-use assets and lease liabilities (914) 0
Accrued debt issuance costs (595) 0
Interest and fee payable (514) 0
Non-cash finance lease costs capitalized to unproved properties 4,515 5,480
Non-cash equity issuance transactions $ 2,188 $ 0