CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) - USD ($) |
Ordinary shares
Class A ordinary shares
Spring Valley Acquisition III
|
Ordinary shares
Class A ordinary shares
|
Ordinary shares
Class B common shares
Spring Valley Acquisition III
|
Ordinary shares |
Additional paid-in capital
Private Placement Warrants
Spring Valley Acquisition III
|
Additional paid-in capital
Public Warrants
Spring Valley Acquisition III
|
Additional paid-in capital
Spring Valley Acquisition III
|
Additional paid-in capital |
Accumulated deficit
Spring Valley Acquisition III
|
Accumulated deficit |
Class A ordinary shares
Spring Valley Acquisition III
|
Class A ordinary shares |
Class B common shares
Spring Valley Acquisition III
|
Class B common shares |
Private Placement Warrants
Spring Valley Acquisition III
|
Public Warrants
Spring Valley Acquisition III
|
Spring Valley Acquisition III |
Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Beginning balance at Dec. 31, 2023 | $ 2,364,000 | $ 14,706,000 | $ (233,346,000) | $ (220,726,000) | ||||||||||||||
| CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) | ||||||||||||||||||
| Net loss for the year | (57,770,000) | |||||||||||||||||
| Ending balance at Dec. 31, 2024 | 2,407,000 | $ 2,407,000 | 15,920,000 | (298,566,000) | $ (284,088,000) | |||||||||||||
| Ending balance (shares) at Dec. 31, 2024 | 0 | 1,316,702 | ||||||||||||||||
| CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) | ||||||||||||||||||
| Net loss for the year | $ (9,710,000) | |||||||||||||||||
| Ending balance at Jun. 30, 2025 | $ 767 | 2,413,000 | $ 24,233 | 16,434,000 | $ (16,620) | (309,971,000) | $ 8,380 | (298,122,000) | ||||||||||
| Ending balance (shares) at Jun. 30, 2025 | 7,666,667 | |||||||||||||||||
| Beginning balance at Dec. 31, 2024 | 2,407,000 | 2,407,000 | 15,920,000 | (298,566,000) | $ (284,088,000) | |||||||||||||
| Beginning balance (shares) at Dec. 31, 2024 | 0 | 1,316,702 | ||||||||||||||||
| CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) | ||||||||||||||||||
| Rights Offering share reorganization (note 12, 13) | $ 148,122,000 | $ 148,122,000 | ||||||||||||||||
| Number of shares converted to Common A shares | 11,960,583 | 11,960,583 | ||||||||||||||||
| Warrant issued | 1,067,000 | 1,067,000 | ||||||||||||||||
| Net loss for the year | (31,370,000) | |||||||||||||||||
| Ending balance at Dec. 31, 2025 | $ 0 | $ 146,525,000 | $ 767 | 146,525,000 | 0 | 18,327,000 | (8,264,067) | (331,952,000) | (8,263,300) | $ (173,804,000) | ||||||||
| Ending balance (shares) at Dec. 31, 2025 | 0 | 7,666,667 | 0 | 7,666,667 | 0 | 13,290,803 | ||||||||||||
| Beginning balance at Mar. 11, 2025 | $ 0 | $ 0 | 0 | 0 | 0 | |||||||||||||
| Beginning balance (shares) at Mar. 11, 2025 | 0 | 0 | ||||||||||||||||
| CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) | ||||||||||||||||||
| Rights Offering share reorganization (note 12, 13) | $ 767 | 24,233 | 25,000 | |||||||||||||||
| Number of shares converted to Common A shares | 7,666,667 | |||||||||||||||||
| Ending balance at Mar. 31, 2025 | $ 767 | 2,407,000 | 24,233 | 16,205,000 | (305,948,000) | 25,000 | $ (291,808,000) | |||||||||||
| Ending balance (shares) at Mar. 31, 2025 | 7,666,667 | |||||||||||||||||
| Beginning balance at Mar. 11, 2025 | $ 0 | $ 0 | 0 | 0 | 0 | |||||||||||||
| Beginning balance (shares) at Mar. 11, 2025 | 0 | 0 | ||||||||||||||||
| CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) | ||||||||||||||||||
| Net loss for the year | (16,620) | |||||||||||||||||
| Ending balance at Jun. 30, 2025 | $ 767 | 2,413,000 | 24,233 | 16,434,000 | (16,620) | (309,971,000) | 8,380 | (298,122,000) | ||||||||||
| Ending balance (shares) at Jun. 30, 2025 | 7,666,667 | |||||||||||||||||
| Beginning balance at Mar. 11, 2025 | $ 0 | $ 0 | 0 | 0 | 0 | |||||||||||||
| Beginning balance (shares) at Mar. 11, 2025 | 0 | 0 | ||||||||||||||||
| CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) | ||||||||||||||||||
| Rights Offering share reorganization (note 12, 13) | $ 767 | 24,233 | 25,000 | |||||||||||||||
| Number of shares converted to Common A shares | 7,666,667 | |||||||||||||||||
| Accretion for ordinary shares to redemption amount | (8,091,714) | (10,623,367) | (18,715,081) | |||||||||||||||
| Warrant issued | $ 6,341,500 | $ 1,855,333 | $ 6,341,500 | $ 1,855,333 | ||||||||||||||
| Allocated value of transaction costs to Class A shares | (129,352) | (129,352) | ||||||||||||||||
| Net loss for the year | 2,359,300 | 2,359,300 | ||||||||||||||||
| Ending balance at Dec. 31, 2025 | $ 0 | 146,525,000 | $ 767 | 146,525,000 | 0 | 18,327,000 | (8,264,067) | (331,952,000) | (8,263,300) | $ (173,804,000) | ||||||||
| Ending balance (shares) at Dec. 31, 2025 | 0 | 7,666,667 | 0 | 7,666,667 | 0 | 13,290,803 | ||||||||||||
| Beginning balance at Mar. 31, 2025 | $ 767 | 2,407,000 | 24,233 | 16,205,000 | (305,948,000) | 25,000 | $ (291,808,000) | |||||||||||
| Beginning balance (shares) at Mar. 31, 2025 | 7,666,667 | |||||||||||||||||
| CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) | ||||||||||||||||||
| Net loss for the year | (16,620) | (16,620) | (4,022,000) | |||||||||||||||
| Ending balance at Jun. 30, 2025 | $ 767 | 2,413,000 | 24,233 | 16,434,000 | (16,620) | (309,971,000) | 8,380 | (298,122,000) | ||||||||||
| Ending balance (shares) at Jun. 30, 2025 | 7,666,667 | |||||||||||||||||
| Beginning balance at Dec. 31, 2025 | $ 0 | 146,525,000 | $ 767 | 146,525,000 | 0 | 18,327,000 | (8,264,067) | (331,952,000) | (8,263,300) | $ (173,804,000) | ||||||||
| Beginning balance (shares) at Dec. 31, 2025 | 0 | 7,666,667 | 0 | 7,666,667 | 0 | 13,290,803 | ||||||||||||
| CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) | ||||||||||||||||||
| Accretion for ordinary shares to redemption amount | (1,944,194) | (1,944,194) | ||||||||||||||||
| Net loss for the year | (11,990,533) | (11,990,533) | ||||||||||||||||
| Ending balance at Mar. 31, 2026 | $ 767 | 146,567,000 | 18,390,000 | (22,198,794) | (370,764,000) | (22,198,027) | $ (211,625,000) | |||||||||||
| Ending balance (shares) at Mar. 31, 2026 | 7,666,667 | |||||||||||||||||
| Beginning balance at Dec. 31, 2025 | $ 0 | $ 146,525,000 | $ 767 | 146,525,000 | $ 0 | 18,327,000 | (8,264,067) | (331,952,000) | (8,263,300) | $ (173,804,000) | ||||||||
| Beginning balance (shares) at Dec. 31, 2025 | 0 | 7,666,667 | 0 | 7,666,667 | 0 | 13,290,803 | ||||||||||||
| CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) | ||||||||||||||||||
| Net loss for the year | (18,422,626) | $ (122,504,000) | ||||||||||||||||
| Ending balance at Jun. 30, 2026 | $ 767 | 146,609,000 | 18,586,000 | (30,604,029) | (454,456,000) | (30,603,262) | $ (292,626,000) | |||||||||||
| Ending balance (shares) at Jun. 30, 2026 | 7,666,667 | 0 | 7,666,667 | 13,324,608 | ||||||||||||||
| Beginning balance at Mar. 31, 2026 | $ 767 | 146,567,000 | 18,390,000 | (22,198,794) | (370,764,000) | (22,198,027) | $ (211,625,000) | |||||||||||
| Beginning balance (shares) at Mar. 31, 2026 | 7,666,667 | |||||||||||||||||
| CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) | ||||||||||||||||||
| Accretion for ordinary shares to redemption amount | (1,973,142) | (1,973,142) | ||||||||||||||||
| Net loss for the year | (6,432,093) | (6,432,093) | (83,692,000) | |||||||||||||||
| Ending balance at Jun. 30, 2026 | $ 767 | $ 146,609,000 | $ 18,586,000 | $ (30,604,029) | $ (454,456,000) | $ (30,603,262) | $ (292,626,000) | |||||||||||
| Ending balance (shares) at Jun. 30, 2026 | 7,666,667 | 0 | 7,666,667 | 13,324,608 |