v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 103,155 $ 10,070
Restricted cash 329,840 5,302
Accounts receivable 23,169 13,989
Inventory 42,561 42,534
Parts and supplies 52,392 45,854
Prepaid expenses 2,149 5,638
Total current assets 553,266 123,387
Property, plant and equipment:    
Land and mineral rights 69,952 69,952
Buildings and equipment 445,171 421,037
Mine development 102,302 102,302
Construction work in progress 92,009 39,671
Finance lease right-of-use assets 10,987 12,591
Total property, plant and equipment 720,421 645,553
Less - accumulated depreciation, depletion and amortization (374,584) (367,775)
Total property, plant and equipment, net 345,837 277,778
Equity method investments 2,642 2,647
Operating lease right-of-use assets 2,525 0
Other noncurrent assets 4,471 4,241
Total assets 908,741 408,053
Current liabilities:    
Accounts payable 18,449 12,594
Accrued liabilities and other 39,166 29,254
Current portion of lease financing 2,177 7,411
Contract liabilities - current 103,730 103,343
Total current liabilities 163,522 152,602
Long-term liabilities:    
Debt, net 525,965 29,678
Deferred income taxes 1,991 1,833
Asset retirement obligations 16,492 15,241
Contract liabilities - long-term 10,000 45,714
Other 3,759 3,152
Total long-term liabilities 558,207 95,618
Total liabilities 721,729 248,220
Commitments and contingencies (Note 15)
Stockholders' equity:    
Preferred stock, $.10 par value, 10,000 shares authorized; none issued 0 0
Common stock, $.01 par value, 100,000 shares authorized; 47,147 and 43,817 issued and outstanding, as of September 30, 2026 and December 31, 2025, respectively 471 438
Additional paid-in capital 259,162 202,963
Retained deficit (72,621) (43,568)
Total stockholders’ equity 187,012 159,833
Total liabilities and stockholders’ equity $ 908,741 $ 408,053