v3.26.1
Condensed Interim Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Loss for the period $ (10,478) $ (4,000)
Non-cash transactions    
Accretion expense 363 0
Fair value gain on derivative liabilities 2,677 1,782
Depreciation expense 2 0
Interest expenses 161 12
Share of loss in associate 7,438 317
Shares-based compensation 88 1,257
Amortization of ROU asset 0 21
Shares issued for services 60 0
Unrealized gain on investments 53 0
Loss on shares issued for services 10 0
Changes in non-cash operating assets and liabilities    
Other receivable 542 18
Prepaid expenses and deposit 4 (134)
Accounts payable and accrued liabilities 832 (117)
Lease liabilities 0 (21)
Nuton LLC earn in liability 19,233 (4,284)
Cash flow provided (used) by operating activities 20,985 (5,149)
Investing activities    
Mineral properties (4,505) (356)
Nuton LLC deposit applied 4,505 131
Purchase of property and equipment (39) 0
Cash used by investing activities (39) (225)
Financing activities    
Proceeds from private placements 0 482
Conversion of convertible debentures 0 416
Repayment of convertible debentures 0 (6)
Proceeds from warrants and options exercised 1,213 44
Cash provided by financing activities 1,213 936
Increase (decrease) in cash and cash equivalents 22,159 (4,438)
Cash and cash equivalents, beginning of period 2,364 7,999
Cash and cash equivalents, end of period $ 24,523 $ 3,561