v3.26.1
Inventory
12 Months Ended
Dec. 31, 2025
Classes of current inventories [Abstract]  
Inventory [Text Block]
5) Inventory

 

    December 31,
2025
    December 31,
2024
 
Finished products - Vanadium $ 37,246   $ 35,083  
Finished products - Ilmenite   321     1,040  
Work-in-progress - Vanadium   1,195     606  
Work-in-progress - Ilmenite   -     -  
Stockpiles   336     490  
Warehouse materials   10,413     10,319  
Total $ 49,511   $ 47,538  

During the year ended December 31, 2025, the Company recognized a net realizable value write-down of $20,439 for vanadium finished products (year ended December 31, 2024 - $13,897), $869 for ilmenite finished produced products (year ended December 31, 2024 - reversal of $4,340) and a write-down reversal of $36 for warehouse materials (year ended December 31, 2024 - $238).  The write-down reversal refers to the provision for losses of obsolete items held in warehouses that will no longer be used.

The cost of goods sold is presented in note 19.