v3.26.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Taxes [Abstract]  
Schedule of Reconciliation of the Provision for Income Taxes

A reconciliation of the provision for income taxes computed at the statutory rate to the provision for income taxes as shown in the Consolidated Statements of Operations is summarized below.

 

   For Year Ended December 31, 
   2025   2024 
   (in thousands) 
Tax expense (benefit) at U.S. rate of 21% $(458)  (17.27)% $(1,596)  (21.0)%
Other adjustments:                    
Rate differential of other jurisdictions  96   3.62%  (221)  (2.9)%
Effects of foreign earnings  45,183   1,703.07%  1,564   20.6%
Change in valuation allowance  (46,547)  (1,754.50)%  (12,240)  (161.1)%
Provision to tax return true-ups  (483)  (18.21)%  159   2.1%
Exchange rate changes on deferred tax assets  2,094   78.93%  6,459   85.0%
Expired net operating losses  15   0.57%  4,789   63.0%
Other  100   3.78%  1,086   14.3%
Income tax provision $—   —  $—   — 
Schedule of Components of the Deferred Tax Assets and Deferred Tax Liabilities

The components of the deferred tax assets and deferred tax liabilities are as follows:

 

   For the year ended 
   December 31, 
   2025   2024 
   (in thousands) 
Deferred tax assets:        
Net operating loss carryforwards $49,047  $94,767 
Capital loss carryforwards  1,646   1,571 
Reclamation costs  —   984 
Stock-based compensation  —   360 
Property, plant and equipment  1,059   1,327 
Other  1,588   1,946 
   53,341   100,955 
Less: Valuation allowance  (53,052)  (100,210)
Total deferred tax assets  289   745 
           
Deferred tax liabilities:          
Property, plant and equipment  (39)  (497)
Other  (250)  (248)
Total deferred tax liabilities  (289)  (745)
Net deferred tax asset (liability) $—  $— 
Schedule of Reconciliation of the Beginning and Ending Amount of Gross Unrecognized Tax Benefits

The following table provides a reconciliation of the beginning and ending amount of gross unrecognized tax benefits, which excludes any estimated penalties and interest on all identified unrecognized tax benefits. The Company had no unrecognized tax benefits at December 31, 2025 and 2024.

 

    The Year Ended
December 31,		 
    2025    2024 
    (in thousands) 
Gross unrecognized tax benefits at beginning of period $—  $— 
Increases for tax positions taken during prior years  —   — 
Decreases relating to settlements with taxing authorities  —   — 
Reductions due to lapse of statute of limitations  —   — 
Gross unrecognized tax benefits at end of period $—  $—