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v3.25.1

Related Party Transactions (Details) |  |  |  |  | 7 Months Ended | 12 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Mar. 26, 2025 USD ($) | Jan. 31, 2025 USD ($) | Nov. 14, 2024 USD ($) | Mar. 22, 2024 USD ($) | Dec. 31, 2024 USD ($) | Dec. 31, 2024 USD ($) | Dec. 31, 2023 USD ($) | Feb. 06, 2025 USD ($) | Aug. 13, 2024 USD ($) | Jan. 30, 2024 USD ($)
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Credit facility will terminate, minimum amount raised |  |  |  | $ 50,000,000 |  |  |  |  |  |
Amount drawn from credit facility |  |  |  |  |  | $ 4,275,000 |  |  |  |
Underutilization fees |  |  |  |  |  | 1,100,000 |  |  |  |
Subsequent event |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Remaining committed fund |  |  |  |  |  |  |  | $ 5,000,000 |  |
Related party |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Amount drawn from credit facility |  |  |  |  |  | 4,300,000 |  |  |  |
Interest Expense |  |  |  |  |  | 200,000 |  |  |  |
Underutilization fees |  |  |  |  |  | 100,000 |  |  |  |
Interest repaid |  |  |  |  |  | 25,000 |  |  |  |
Related party | Subsequent event |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Underutilization fees |  | $ 1,800,000 |  |  |  |  |  |  |  |
Interest repaid |  | $ 100,000 |  |  |  |  |  |  |  |
Related party | Line of credit | ERAS Capital LLC |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Aggregate current borrowing amount |  |  |  |  |  |  |  |  | $ 12,500,000 |
SSCS Pte. Ltd | Related party | DeepGreen Engineering Pte. Ltd |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Consulting services |  |  |  |  |  | 75,000 | $ 212,000 |  |  |
Amounts payable |  |  |  |  |  |  | 17,000 |  |  |
SSCS Pte. Ltd | Related party | General and administration expenses | DeepGreen Engineering Pte. Ltd |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Consulting services |  |  |  |  |  | 22,000 | 42,000 |  |  |
SSCS Pte. Ltd | Related party | Exploration and Evaluation | DeepGreen Engineering Pte. Ltd |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Consulting services |  |  |  |  |  | $ 53,000 | $ 170,000 |  |  |
Stonehaven Campaigns Limited | Related party | General and administration expenses |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Consulting services |  |  |  |  | $ 18,000 |  |  |  |  |
Robertsbridge Consultants Limited | Related party | General and administration expenses |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Consulting services |  |  |  |  | $ 26,000 |  |  |  |  |
Gerard Barron and ERAS Capital LLC | Line of credit |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Aggregate borrowed amount |  |  | $ 38,000,000 |  |  |  |  |  |  |
Gerard Barron and ERAS Capital LLC | Line of credit | Subsequent event |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Aggregate borrowed amount | $ 44,000,000 |  |  |  |  |  |  |  |  |
Gerard Barron and ERAS Capital LLC | Related party |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Aggregate borrowed amount |  |  |  | $ 20,000,000 |  |  |  |  |  |
Gerard Barron and ERAS Capital LLC | Related party | Line of credit |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Aggregate borrowed amount |  |  |  |  |  |  |  |  | 25,000,000 |
Number of days average considered for basis spread |  |  |  | 180 |  |  |  |  |  |
Interest rate |  |  |  | 4.00% |  |  |  |  |  |
Interest paid in kind at maturity |  |  |  | 5.00% |  |  |  |  |  |
Underutilization fee (in percentage) |  |  | 6.50% | 4.00% |  |  |  |  |  |
Aggregate borrowed amount upon certain financing events |  |  |  |  |  |  |  |  | 20,000,000 |
Credit Facility, expiration date |  |  | Dec. 31, 2025 |  |  |  |  |  |  |
Gerard Barron and ERAS Capital LLC | Related party | Line of credit | Subsequent event |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Credit Facility, expiration date | Jun. 30, 2026 |  |  |  |  |  |  |  |  |
Gerard Barron | Related party |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Aggregate borrowed amount |  |  |  | $ 10,000,000 |  |  |  |  |  |
Gerard Barron | Related party | Line of credit |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Aggregate borrowed amount |  |  | $ 19,000,000 |  |  |  |  |  | 12,500,000 |
Aggregate borrowed amount upon certain financing events |  |  |  |  |  |  |  |  | 10,000,000 |
Gerard Barron | Related party | Line of credit | Subsequent event |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Aggregate borrowed amount | $ 22,000,000 |  |  |  |  |  |  |  |  |
ERAS Capital LLC | Related party |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Aggregate borrowed amount |  |  |  | $ 10,000,000 |  |  |  |  |  |
ERAS Capital LLC | Related party | Line of credit |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Aggregate borrowed amount |  |  | $ 19,000,000 |  |  |  |  |  |  |
Aggregate borrowed amount upon certain financing events |  |  |  |  |  |  |  |  | $ 10,000,000 |
Direct offering |  |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |  |
Remaining committed fund |  |  |  |  |  |  |  |  |  | $ 9,000,000

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