v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended 4 Months Ended 6 Months Ended 10 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Cash Flows from Operating Activities:              
Net loss for the period     $ (122,504,000) $ (9,710,000)   $ (31,370,000) $ (57,770,000)
Changes in operating assets and liabilities:              
Prepaid expenses and other current assets     (3,273,000) 245,000   (342,000) 470,000
Other receivable     30,000 135,000   (113,000) 165,000
Cash flows from operating activities     21,155,000 6,544,000   (23,988,000) (29,110,000)
Cash Flows from Investing Activities:              
Cash flows from investing activities     (392,000) (157,000)   (442,000) (656,000)
Cash Flows from Financing Activities:              
Payment of offering costs           (260,000)  
Cash flows from financing activities     4,178,000 $ 4,572,000   67,151,000 $ 17,352,000
Spring Valley Acquisition III              
Cash Flows from Operating Activities:              
Net loss for the period   $ (16,620) (18,422,626)   $ 2,359,300    
Adjustments to reconcile net income to net cash used in operating activities:              
Interest earned on investments held in Trust Account $ (2,076,992)   (4,123,512)   (2,809,646)    
Payment of operation costs through promissory note         49,700    
Changes in operating assets and liabilities:              
Prepaid expenses and other current assets     (82,452)   (100,885)    
Other receivable         25,000    
Long-term prepaid insurance     40,435   (48,155)    
Accrued expenses   6,200 9,366   27,134    
Cash flows from operating activities     (603,148)   (497,552)    
Cash Flows from Investing Activities:              
Investment of cash in Trust Account         (230,000,000)    
Cash flows from investing activities     242,808   (230,000,000)    
Cash Flows from Financing Activities:              
Proceeds from sale of Units, net of underwriting discounts paid         225,400,000    
Proceeds from sale of Private Placements Warrants         6,341,500    
Proceeds from advance from related party         500    
Repayment of promissory note - related party         (151,636)    
Payment of offering costs         (343,000)    
Cash flows from financing activities     1,500,000   231,247,364    
Net Change in Cash     1,139,660   749,812    
Cash - Beginning of period   0 749,812   0    
Cash - End of period $ 1,889,472   1,889,472   749,812 $ 749,812  
Non-Cash investing and financing activities:              
Offering costs included in accrued offering costs   $ 93,449 $ 0   75,000    
Prepaid services paid by Sponsor in exchange for issuance of Class B ordinary shares         25,000    
Deferred offering costs paid through promissory note - related party         101,936    
Deferred underwriting fee payable         $ 9,200,000