Reclamation Liabilities |
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| Reclamation Liabilities | 7.Reclamation Liabilities a.Administrative Settlement Agreement and Order on Consent (“ASAOC”) On January 15, 2021, the Company agreed to an ASAOC. The Company paid $3.0 million in cash collateral for a surety bond related to the ASAOC statement of work in early 2021 and provided $7.5 million in financial assurance for Phase 1 projects under the ASAOC. At March 31, 2026, no further costs were accrued associated with this liability and there were no changes during the three months ended March 31, 2026 and 2025. See Note 9 below for additional details. b.Asset Retirement Obligation (“ARO”) Below is a reconciliation as of March 31, 2026 and 2025 of the ARO for the Project which is included in our estimated costs to reclaim environmental disturbance to date of $0.6 million and nil, respectively. The estimated reclamation and closure costs added in 2025 and 2026 were discounted using a credit adjusted, risk-free interest rate of 7.0% and an inflation rate of 2.7%.
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