5. Asset Retirement Obligations

The Company’s asset retirement obligations represent the present value of estimated future costs associated with the plugging and abandonment of water monitoring, injection and recovery wells, surface reclamation and neutralization of the ore body at the end of mining operations.

The following table provides a reconciliation of the Company’s asset retirement obligations during the period presented.


	Year ended
	June 30, 2026
	(in thousands)
Asset retirement obligation — beginning of period	$	1,016
Accretion		99
Liabilities settled		(44	)
Asset retirement obligation — end of period	$	1,071