v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 464,555 $ 63,240
Receivables, net 6,753 1,914
Inventories 35,003 29,254
Prepaids and deposits 6,830 5,642
Other assets 277 287
Total current assets 513,418 100,337
Non-current assets    
Other assets 36,107 4,667
Restricted cash 25,733 42,023
Property, plant and equipment, net 598,579 556,393
Total assets 1,173,837 703,420
Current liabilities    
Accounts payable and accrued liabilities 45,500 41,480
Income taxes payable 3,744 0
Debt 683 76,808
Reclamation liabilities 1,574 1,595
Other liabilities 7,960 18,373
Total current liabilities 59,461 138,256
Non-current liabilities    
Deferred tax liabilities 13,112 13,112
Debt 445,048 97,909
Reclamation liabilities 60,950 58,916
Other liabilities 337,219 48,454
Total liabilities 915,790 356,647
COMMITMENTS AND CONTINGENCIES
EQUITY    
Common shares, unlimited authorized shares with no par value, 865,901,683 and 827,230,192 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 843,207 799,855
Additional paid-in capital 29,633 30,583
Accumulated deficit (614,793) (483,665)
Total equity 258,047 346,773
Total liabilities and equity $ 1,173,837 $ 703,420