v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 122,357 $ 2,824
Accounts receivable, net of allowance for credit losses 1,894 730
Prepaid expenses 17,230 34,987
Project deposits 12,614 0
Total current assets 154,095 38,541
Non-current assets:    
Goodwill 1,923 2,077
Intangible assets, net 1,370 1,316
Mineral Properties 50,532 50,532
Machinery and equipment, net 310 321
Construction in Progress 973 0
Operating lease right-of-use asset, net 569 602
Total non-current assets 55,677 54,848
Total assets 209,772 93,389
Current liabilities:    
Current portion of operating lease liabilities 68 2
Total current liabilities 5,023 7,154
Non-current liabilities:    
Contingent consideration 0 34,561
Deferred tax liability 13,644 13,644
Long-term debt 0 154
Long-term operating lease liabilities 501 536
Total non-current liabilities 14,145 48,895
Total liabilities 19,168 56,049
Mezzanine equity 0 1,506
Stockholders’ equity    
Preferred stock 1 0
Common stock 68 12
Additional paid in capital 415,196 116,946
Accumulated deficit (224,661) (81,125)
Total Stockholders’ equity 190,604 35,834
Total liabilities and Stockholders’ equity 209,772 93,389
Nonrelated Party    
Current liabilities:    
Accounts payable and accrued expenses 4,121 3,433
SAFE liability 0 1,695
Related Party    
Current liabilities:    
Accounts payable and accrued expenses 790 610
Notes payable 44 94
SAFE liability $ 0 $ 1,320