v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows From Operating Activities:    
Net income (loss) $ (33,717) $ (21,841)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 15,991 14,955
Share-based compensation 937 1,841
Gain on extinguishment of debt 0 (17,333)
Common stock issued for services 71 0
Gain on convertible note derivatives 0 (1,357)
Impairment expense 1,608 0
Transaction costs incurred in troubled debt restructuring 0 (837)
Accretion of asset retirement obligations 98 59
Amortization of debt issuance costs and discount - convertible notes 0 1,095
Amortization of right of use asset 57 110
Interest earned on reclamation bond (51) (8)
Change in:    
Prepaid expenses and other current assets 413 1,366
Accounts payable and accrued liabilities 801 4,543
Net cash used in operating activities (13,792) (17,407)
Cash Flows From Investing Activities:    
Construction in progress (902) (1,377)
Properties, plant and equipment additions (6,558) (104)
Properties, plant and equipment disposals 200 0
Refund on previously acquired equipment 0 86
Other assets (58) 0
Net cash used in investing activities (7,318) (1,395)
Cash Flows From Financing Activities:    
Proceeds from issuance of common stock and warrants, net of issuance costs 40,762 3,018
Proceeds from warrant exercises 2,000 0
Proceeds from debt exchange transaction, net of issuance costs 0 4,891
Proceeds from issuance of convertible notes 0 11,000
Debt issuance costs 0 (764)
Proceeds from note payable 60 0
Payments on note payable (92) (31)
Taxes paid for equity award vesting (68) (176)
Net cash provided by financing activities 42,662 17,938
Net increase (decrease) in cash and cash equivalents 21,552 (864)
Cash and cash equivalents at beginning of period 3,836 4,896
Cash and cash equivalents at end of period 25,388 4,032
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 15 3
Noncash Investing and Financing Activities:    
Construction in progress transferred to properties, plant and equipment (Note 4) 2,119 0
Accounts payable and accrued liabilities change related to capital additions (3,463) (220)
Accounts payable and accrued liabilities change related to debt issuance costs 0 (271)
Accounts payable and accrued liabilities change related to equity issuance costs 134 0
Interest paid through issuance of additional convertible notes 0 7,441
Convertible note derivatives liability reclassification to equity (Note 10) 0 3,601
Net fair value of equity interest exchanged for convertible notes (Note 7) $ 0 $ 65,059