Reclamation Liabilities |
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| Reclamation Liabilities | 7.Reclamation Liabilities a.Administrative Settlement Agreement and Order on Consent (“ASAOC”) On January 15, 2021, the Company agreed to an ASAOC. The Company paid $3.0 million in cash collateral for a surety bond related to the ASAOC statement of work in early 2021 and provided $7.5 million in financial assurance for Phase 1 projects under the ASAOC. At June 30, 2026, no further costs were accrued associated with this liability and there were no changes during the six months ended June 30, 2026 and 2025. See Note 9 below for additional details. b.Asset Retirement Obligation (“ARO”) Below is a reconciliation as of June 30, 2026 and 2025 of the ARO for the Project which is included in our estimated costs to reclaim environmental disturbance. The estimated reclamation and closure costs added in 2026 were discounted using a credit adjusted, risk-free interest rate of 7.0% and an inflation rate of 2.7%.
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