v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 411,355 $ 63,240
Receivables, net 12,382 1,914
Inventories 41,425 29,254
Prepaids and deposits 5,776 5,642
Other assets 252 287
Total current assets 471,190 100,337
Non-current assets    
Other assets 33,197 4,667
Restricted cash 21,206 42,023
Property, plant and equipment, net 630,109 556,393
Total assets 1,155,702 703,420
Current liabilities    
Accounts payable and accrued liabilities 64,768 41,480
Income taxes payable 3,418 0
Debt 814 76,808
Reclamation liabilities 1,564 1,595
Other liabilities 6,258 18,373
Total current liabilities 76,822 138,256
Non-current liabilities    
Deferred tax liabilities 13,112 13,112
Debt 452,226 97,909
Reclamation liabilities 61,955 58,916
Other liabilities 326,996 48,454
Total liabilities 931,111 356,647
COMMITMENTS AND CONTINGENCIES
EQUITY    
Common shares, unlimited authorized shares with no par value, 867,527,720 and 827,230,192 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 844,961 799,855
Additional paid-in capital 42,773 30,583
Accumulated deficit (663,143) (483,665)
Total equity 224,591 346,773
Total liabilities and equity $ 1,155,702 $ 703,420