v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 574,249 $ 714,171
Receivables 3,269 1,830
Deferred Financing Asset 1,958  
Prepaid expenses 5,045 4,972
Deposits (Note 9) 14,878 27,572
TOTAL CURRENT ASSETS 599,399 748,545
NON-CURRENT ASSETS    
Mineral properties and interest (Note 3) 68,451 67,680
Buildings and equipment, net (Note 4) 41,823 1,838
Operating lease right-of-use assets (Note 5) 2,963 31
Restricted cash equivalents 60,901 59,550
TOTAL ASSETS 773,537 877,644
CURRENT LIABILITIES    
Trade and other payables 46,717 13,565
Lease liabilities (Note 5) 875 88
CWA settlement payable (Note 9) 1,000 1,000
TOTAL CURRENT LIABILITIES 48,592 14,653
NON-CURRENT LIABILITIES    
Lease liabilities (Note 5) 2,770 156
CWA settlement payable (Note 9) 1,000 1,000
Reclamation liabilities (Note 7) 1,325 534
TOTAL LIABILITIES 53,687 16,343
COMMITMENTS AND CONTINGENCIES (Note 9)
SHAREHOLDERS' EQUITY (Note 6)    
Common shares, without par value, unlimited shares authorized, 125,095,803 and 124,124,030 shares outstanding, respectively 1,496,526 1,490,420
Additional capital 65,065 66,454
Accumulated deficit (841,741) (695,573)
TOTAL SHAREHOLDERS' EQUITY 719,850 861,301
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 773,537 $ 877,644