v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 509 $ 82
Short-term investments 8,500 7,573
Investments in marketable equity securities, at fair value 82 294
Prepaid expenses and other current assets 143 61
Total current assets 9,234 8,010
Mineral properties 16,732 16,732
Restricted cash - mineral property reclamation bonds 234 230
Other assets 44 58
Total assets 26,244 25,030
Current liabilities:    
Accounts payable 650 208
Operating lease liability 0 7
Total current liabilities 650 215
Long-term liabilities:    
Asset retirement obligation and reclamation liabilities 145 145
Total long-term liabilities 145 145
Shareholders' equity:    
Preferred stock, $0.01 par value, authorized 10,000,000 shares (none issued and outstanding at June 30, 2026 and December 31, 2025) 0 0
Common stock, $0.01 par value, authorized 200,000,000 shares (94,684,463 and 90,901,324 shares, respectively, issued and outstanding at June 30, 2026 and December 31, 2025) 947 909
Additional paid-in capital 93,669 90,604
Accumulated deficit (69,167) (66,843)
Total shareholders' equity 25,449 24,670
Total liabilities and shareholders' equity $ 26,244 $ 25,030