MINERAL PROPERTIES AND PROPERTY, PLANT AND EQUIPMENT (Tables)

9 Months Ended

Sep. 30, 2026

Property, Plant and Equipment [Abstract]

Schedule of Summary of Mineral Properties

The following table is a summary of mineral properties:


	September 30, 2026		December 31, 2025
Vara Mada Project	$	215,007	$	191,508
Sheep Mountain	34,183		34,183
Bahia Project	32,613		32,613
Dubbo Project	34,671		—
Nichols Ranch ISR Project	25,974		25,974
Roca Honda	22,095		22,095
Pinyon Plain	11,657		9,338
Other(1)	396		1,687
Total mineral properties	$	376,596	$	317,398
Less: accumulated depletion	(7,446)		(5,132)
Mineral properties, net	$	369,150	$	312,266

(1) The Company elected to no longer pursue permitting of the Wate Project and expensed $1.29 million during the three and nine months ended September 30, 2026 through Exploration, development and processing.

Schedule of Property, Plant and Equipment

The following table is a summary of property, plant and equipment, net:


	Estimated
	Useful Lives	September 30, 2026		December 31, 2025
Land	N/A	$	23,773	$	7,416

Plant facilities	12 - 15 years	76,389		66,053
Equipment	5 - 10 years	43,805		28,329
Light trucks and utility vehicles	5 years	5,438		4,635
Water rights	N/A	11,273		—
Office furniture and equipment	4 - 7 years	2,286		1,985
Construction-in-progress	N/A	26,622		9,336
Total property, plant and equipment		$	189,586	$	117,754
Less: accumulated depreciation		(54,205)		(47,959)
Property, plant and equipment, net		$	135,381	$	69,795