v3.26.1
Condensed Consolidated Interim Statements of Financial Position - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 137,251 $ 152,314
Restricted cash 1,162 1,160
Other current assets and receivables 6,782 4,213
Current assets 145,195 157,687
Non-current assets    
Intangible assets 900 967
Right of use asset 161 257
Property, plant and equipment 916 1,036
Investment in Aqualung 5,350 5,350
Investment in Smackover Lithium 193,113 168,868
Financial asset - FID 51,655 52,299
Advances and deposits 48 52
Non-current assets 252,143 228,829
TOTAL ASSETS 397,338 386,516
Current liabilities    
Accounts payable and accrued liabilities 7,980 9,905
Lease liability - short-term 143 181
Current liabilities 8,123 10,086
Non-current liabilities    
Lease liabilities - long-term 23 76
Deferred income tax liabilities 19,411 21,799
Decommissioning provision 609 597
Non-current liabilities 20,043 22,472
TOTAL LIABILITIES 28,166 32,558
SHAREHOLDERS' EQUITY    
Share capital 430,476 405,173
Reserves 38,161 37,299
Accumulated deficit (92,037) (86,247)
Accumulated other comprehensive loss (7,428) (2,267)
TOTAL SHAREHOLDERS' EQUITY 369,172 353,958
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 397,338 $ 386,516