v3.26.1
Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Long - Lived Assets and Geographic Region

The following table summarizes the Company's long-lived assets, which includes mineral interests by geographic region as of March 31, 2026 and December 31, 2025:

 

March 31, 2026

 

 

December 31, 2025

 

United States

 

$

23,858

 

 

$

23,688

 

Brazil

 

 

39

 

 

 

29

 

Total Long-lived assets

 

$

23,897

 

 

$

23,717

 

Schedule of Segment Expense and Reconciled to Net Loss Before Taxes

Significant segment expense included in the measure of segment profit or loss are shown below and reconciled to net loss before taxes for three months ended March 31, 2026 and 2025:

For the three months ended March 31, 2026

 

United States Mining Operations

 

 

Brazil Mining Operations

 

 

Total

 

Operating expenses:

 

 

 

 

 

 

 

 

 

Exploration expenses

 

$

1,865

 

 

$

200

 

 

$

2,065

 

General and administrative expenses

 

 

13

 

 

 

323

 

 

 

336

 

Depreciation expense

 

 

22

 

 

 

1

 

 

 

23

 

Segment operating loss

 

$

(1,900

)

 

$

(524

)

 

$

(2,424

)

Corporate and other expenses

 

 

 

 

 

 

 

 

2,380

 

Interest income

 

 

 

 

 

 

 

 

127

 

Interest expense

 

 

 

 

 

 

 

 

45

 

Foreign exchange loss

 

 

 

 

 

 

 

 

4

 

Change in fair value of SAFE

 

 

 

 

 

 

 

 

(3,409

)

Change in fair value of warrants

 

 

 

 

 

 

 

 

(8,646

)

Loss before income taxes

 

 

 

 

 

 

 

$

(16,781

)

 

For the three months ended March 31, 2025

 

United States Mining Operations

 

 

Brazil Mining Operations

 

 

Total

 

Operating expenses:

 

 

 

 

 

 

 

 

 

Exploration expenses

 

$

 

 

$

50

 

 

$

50

 

General and administrative expenses

 

 

 

 

 

112

 

 

 

112

 

Depreciation expense

 

 

 

 

 

1

 

 

 

1

 

Segment operating loss

 

$

 

 

$

(163

)

 

$

(163

)

Corporate and other expenses

 

 

 

 

 

 

 

 

137

 

Interest expense

 

 

 

 

 

 

 

 

1

 

Loss before income taxes

 

 

 

 

 

 

 

$

(301

)