v3.26.1
Condensed Consolidated Statements of Loss and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating expenses        
Exploration and evaluation expenses $ 56,088 $ 10,496 $ 69,345 $ 20,011
General and administrative expenses 15,629 11,479 36,354 19,979
Operating loss 71,717 21,975 105,699 39,990
Other items        
Charge on Allseas settlement 7,868   7,868  
Nauru warrant cost   33,079   33,079
Equity-accounted investment (income) loss 1,525 (89) 4,523 (54)
Gain on dilution of investment (18,469)   (23,071)  
Change in fair value of warrant liability (2,162) 16,229 (12,824) 16,670
Foreign exchange loss (gain) (146) 2,461 (836) 3,556
Interest income (1,040) (147) (2,176) (166)
Fees and interest on borrowings and credit facilities 714 833 1,379 1,854
Loss and comprehensive loss for the period, before tax 60,007 74,341 80,562 94,929
Income tax expense 116   160  
Net loss and comprehensive loss for the period, after tax $ 60,123 $ 74,341 $ 80,722 $ 94,929
Net loss per share - Basic (in dollars per share) $ 0.14 $ 0.2 $ 0.19 $ 0.27
Net loss per share - Diluted (in dollars per share) $ 0.14 $ 0.2 $ 0.19 $ 0.27
Weighted average number of common shares outstanding - basic 433,243,064 366,626,500 429,656,793 356,045,231
Weighted average number of common shares outstanding - diluted 433,243,064 366,626,500 429,656,793 356,045,231