v3.26.1
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating expenses        
Exploration expenditures $ 0 $ 0 $ 0 $ (19)
General and administrative expenses (Note 11) (15,139) (7,848) (26,236) (14,365)
Total operating expenses (15,139) (7,848) (26,236) (14,384)
Other income (expense)        
Transaction costs (Note 12) 0 (13,337) (1,001) (17,639)
Gain on LAC Warrant and JV Warrant obligations (Note 4) 4,469 0 4,886 0
Gain on convertible debt and conversion feature (Note 8) 5,704 6,762 20,008 6,762
Loss on investments measured at fair value (82) (245) (4,689) (2,201)
Other income 6,710 1,419 13,322 2,687
Total other income (expense) 16,801 (5,401) 32,526 (10,391)
Net income (loss) 1,662 (13,249) 6,290 (24,775)
Net income (loss) attributable to:        
Common stockholders 2,151 (12,447) 1,742 (23,149)
Non-controlling interest $ (489) $ (802) $ 4,548 $ (1,626)
Net income (loss) per share attributable to common stockholders, basic (Note 10) $ 0.01 $ (0.06) $ 0 $ (0.11)
Net income (loss) per share attributable to common stockholders, diluted (Note 10) $ (0.02) $ (0.06) $ (0.07) $ (0.11)
Weighted average number of common shares outstanding, basic 371,790 219,581 362,534 219,092
Weighted average number of common shares outstanding, diluted 401,738 219,581 391,761 219,092