v3.26.1
Annual Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash $ 9,716 $ 22,106
Restricted cash 382 530
Amounts receivable 11,065 9,741
Inventory 49,511 47,538
Assets held for sale 0 7,613
Prepaid expenses 7,376 5,759
Total Current Assets 78,050 93,287
Other intangible assets 1,414 2,255
Inventory subject to return 19,986 12,804
Mine properties, plant and equipment 191,867 170,756
Vanadium assets 17,785 17,491
Deferred income tax asset 5,012 22,075
Investment in associate 4,641 0
Total Non-current Assets 240,705 225,381
Total Assets 318,755 318,668
Liabilities    
Liabilities held for sale 0 962
Accounts payable and accrued liabilities 42,526 31,270
Deferred revenue 3,537 3,889
Debt 107,066 74,780
Current portion of provisions 804 3,358
Total Current Liabilities 153,933 114,259
Long-term debt 0 17,500
Provisions 5,773 2,043
Revenues subject to refund 22,513 13,638
Total Non-current Liabilities 28,286 33,181
Total Liabilities 182,219 147,440
Equity    
Issued capital 423,284 412,988
Equity reserves 17,841 11,853
Accumulated other comprehensive loss (123,444) (133,527)
Deficit (187,326) (126,496)
Equity attributable to owners of the Company 130,355 164,818
Non-controlling Interest 6,181 6,410
Total Equity 136,536 171,228
Total Liabilities and Equity $ 318,755 $ 318,668