v3.26.1
Property, Plant and Equipment, Net
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment, Net [Abstract]  
Property, Plant and Equipment, Net
8.Property, Plant and Equipment, Net

 

The components of property, plant and equipment, net are as follows:

 

   December 31,   December 31, 
   2025   2024 
   (in thousands) 
Mining equipment and machinery $158  $158 
Other furniture and equipment  350   350 
   508   508 
Less: Accumulated depreciation  (486)  (486)
  $22  $22 

 

For the years ended December 31, 2025 and 2024, the Company recognized approximately $nil and $1,000, respectively, of depreciation expense.

 

During 2024, the Company recorded an asset impairment charge of $411,000, reducing the remaining book value of Plant 2 to the salvage value (Note 4), and also recorded an asset impairment charge of $150,000 reducing the remaining book value of the Santa Isabel mineral properties to zero. The Company evaluated its remaining long-lived assets at December 31, 2025 and 2024, and determined that no additional impairment was incurred.