v3.26.1
Note 25 - Segmented Information (Tables)
12 Months Ended
Dec. 31, 2025
Statement Line Items [Line Items]  
Disclosure of entity's operating segments [text block]

For the year ended December 31, 2025

 

Refinery

  

Exploration and Evaluation

  

Corporate and Other

  

Total

 

Operating expenses

                

Consulting and professional fees

 $632  $28  $4,443  $5,103 

Exploration and evaluation expenditures

  -   255   -   255 

General and administrative

  1,329   19   1,723   3,071 

Investor relations and marketing

  -   -   622   622 

Salaries and benefits

  1,911   -   4,602   6,513 

Share-based payments

  -   -   1,453   1,453 

Operating loss

 $3,872  $302  $12,843  $17,017 

Unrealized gain on marketable securities

  -   -   4   4 

Loss on financial derivative liability - Convertible Notes

  -   -   (10,354)  (10,354)

Changes in US Warrants

  -   -   74,410   74,410 

Loss on extinguishment of 2028 and 2027 Notes and recognition of term loan

  -   -   (168,183)  (168,183)

Other non-operating loss

  -   -   (12,325)  (12,325)

Loss before taxes

 $(3,872) $(302) $(129,291) $(133,465)

For the year ended December 31, 2024

 

Refinery

  

Exploration and Evaluation

  

Corporate and Other

  

Total

 

Operating expenses

                

Consulting and professional fees

 $270  $-  $3,512  $3,782 

Exploration and evaluation expenditures

  -   442   -   442 

General and administrative and travel

  804   -   2,098   2,902 

Investor relations and marketing

  -   -   811   811 

Salaries and benefits

  1,547   -   2,771   4,318 

Share-based payments

  -   -   1,739   1,739 

Operating loss

 $2,621  $442  $10,931  $13,994 

Unrealized gain on marketable securities

  -   -   41   41 

(Loss) on financial derivative liability - Convertible Notes

  -   -   (4,493)  (4,493)

Changes in US Warrants

  -   -   7   7 

Other non-operating loss

  -   -   (11,008)  (11,008)

Loss before taxes

 $2,621  $442  $26,384  $29,447 

For the year ended December 31, 2023

 

Refinery

  

Exploration and Evaluation

  

Corporate and Other

  

Total

 

Operating expenses

                

Consulting and professional fees

 $69  $78  $4,512  $4,659 

Exploration and evaluation expenditures

  -   700   -   700 

General and administrative and travel

  156   3   2,236   2,395 

Investor relations and marketing

  -   -   633   633 

Salaries and benefits

  1,783   -   1,992   3,775 

Share-based payments

  -   -   1,821   1,821 

Operating loss

 $2,008  $781  $11,194  $13,983 

Unrealized loss on marketable securities

  -   -   (253)  (253)

Gain on financial derivative liability - Convertible Notes

  -   -   6,683   6,683 

Changes in US Warrants

  -   -   1,243   1,243 

Other non-operating expenses

  -   -   (6,472)  (6,472)

Impairment

  (51,884)  -   -   (51,884)

Loss before taxes

 $53,892  $781  $9,993  $64,666 
  

Total Assets

  

Total Liabilities

 
  

December 31, 2025

  

December 31, 2024

  

December 31, 2025

  

December 31, 2024

 

Refinery

 $56,443  $52,434  $12,493  $3,707 

Exploration and Evaluation 1

  88,884   93,276   53   87 

Corporate and Other

  40,237   5,737   126,768   83,335 
  $185,564  $151,447  $139,314  $87,129