v3.26.1
Note 6 - Property, Plant and Equipment and Capital Long-term Prepayments
12 Months Ended
Dec. 31, 2025
Statement Line Items [Line Items]  
Disclosure of property, plant and equipment [text block]

6.

Property, Plant and Equipment and Capital Long-Term Prepayments

 

Cost

 

Property, Plant and Equipment

  

Construction in Progress

  

Right-of-use Assets

  

Total

 

January 1, 2024

 $5,989  $45,074  $301  $51,364 

Reclassification

  1,334   (1,334)  -   - 

Additions during the period

  133   386   -   519 

Transfers to capital long-term prepayments

  -   (139)  -   (139)

Asset retirement obligation - Change in estimate

  (384)  -   -   (384)

Balance December 31, 2024

 $7,072  $43,987  $301  $51,360 

Additions during the period

  364   4,128   -   4,492 

Transfers to capital long-term prepayments

  -   139   -   139 

Asset retirement obligation - Change in estimate

  (646)  -   -   (646)

Balance December 31, 2025

 $6,790  $48,254  $301  $55,345 

Accumulated Depreciation

                

January 1, 2024

 $10  $-  $96  $106 

Change for the period

  -   -   65   65 

Balance December 31, 2024

 $10  $-  $161  $171 

Change for the period

  38   -   58   96 

Balance December 31, 2025

 $48  $-  $219  $267 
                 

Net Book Value

                

Balance December 31, 2024

 $7,062  $43,987  $140  $51,189 

Balance December 31, 2025

 $6,742  $48,254  $82  $55,078 

 

 

Majority of the Company’s property, plant, and equipment assets relate to the Refinery located near Temiskaming Shores, Ontario, Canada. The DoD retains title to certain construction in progress assets (Note 10) the remaining property, plant and equipment and construction in progress are pledged as security for the term loan (Note 13).