v3.26.1
Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Jun. 30, 2024
Current assets      
Cash $ 152,314 $ 31,177 $ 38,667
Restricted cash 1,160 518 345
Other current assets and receivables 4,213 1,610 2,505
Current assets 157,687 33,305 41,517
Non-current assets      
Reclamation deposit     63
Exploration and evaluation assets   26,446 45,970
Intangible assets 967 943 985
Right of use asset 257 482 712
Property, plant and equipment 1,036 1,631 1,514
Investment in Aqualung 5,350 2,335 2,500
Investment in Smackover Lithium 168,868 146,158 146,865
Financial asset - FID 52,299 48,138 47,086
Advances and deposits 52 58 79
Non-current assets 228,829 226,191 245,774
TOTAL ASSETS 386,516 259,496 287,291
Current liabilities      
Accounts payable and accrued liabilities 9,905 5,501 12,217
Lease liabilities - short-term 181 271 381
Current liabilities 10,086 5,772 12,598
Non-current liabilities      
Lease liabilities - long-term 76 206 342
Deferred income tax liabilities 21,799 24,889 25,870
Decommissioning provision 597 572 100
Non-current liabilities 22,472 25,667 26,312
TOTAL LIABILITIES 32,558 31,439 38,910
SHAREHOLDERS' EQUITY      
Share capital 405,173 235,782 227,292
Reserves 37,299 36,040 34,781
Accumulated deficit (86,247) (37,849) (8,338)
Accumulated other comprehensive loss (2,267) (5,916) (5,354)
TOTAL SHAREHOLDERS' EQUITY 353,958 228,057 248,381
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 386,516 $ 259,496 $ 287,291