v3.26.1
Consolidated Statements of Loss and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Operating expenses    
Exploration and evaluation expenses $ 40,282 $ 50,643
General and administrative expenses 99,772 30,644
Operating loss 140,054 81,287
Other items    
Nauru and Tonga warrant costs 38,056  
Change in fair value of royalty liability 131,000  
Equity-accounted investment loss (287) 226
Gain on dilution of investment (5,649)  
Loss on termination of contract   199
Change in fair value of warrant liability 12,439 (1,057)
Foreign exchange loss (gain) 3,665 (1,186)
Interest income (2,793) (176)
Fees and interest on borrowings and credit facilities 3,215 2,602
Loss and comprehensive loss for the year, before tax 319,700 81,895
Tax Expense 144 48
Loss and comprehensive loss for the year $ 319,844 $ 81,943
Loss per share - Basic (in dollars per share) $ 0.83 $ 0.25
Loss per share - Diluted (in dollars per share) $ 0.83 $ 0.25
Weighted average number of common shares outstanding - basic 384,512,470 321,875,050
Weighted average number of common shares outstanding - diluted 384,512,470 321,875,050