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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of operating results by reportable segment | The summarized operating results of the Company's reportable segments are as follows:
|  | Year Ended December 31, 2024
|  | Uranium |  | Heavy Mineral Sands |  | Rare Earth Elements |  | Unallocated(1) |  | Consolidated Total
Revenues |  | $ | 38,240 |  |  | $ | 39,874 |  |  | $ | — |  |  | $ | — |  |  | $ | 78,114 |
Operating costs and expenses: |  |  |  |  |  |  |  |  |  |
Costs applicable to revenues |  | 16,580 |  |  | 39,338 |  |  | — |  |  | — |  |  | 55,918 |
Exploration, development and processing(2) |  | 7,232 |  |  | 2,628 |  |  | 4,319 |  |  | — |  |  | 14,179 |
Standby(2) |  | 6,520 |  |  | — |  |  | — |  |  | — |  |  | 6,520 |
Accretion of asset retirement obligations |  | 1,253 |  |  | 815 |  |  | — |  |  | — |  |  | 2,068 |
Selling, general and administrative (excluding share-based compensation) |  | 12,733 |  |  | 10,995 |  |  | 7,459 |  |  | — |  |  | 31,187 |
Share-based compensation |  | 2,660 |  |  | 1,196 |  |  | 1,558 |  |  | — |  |  | 5,414 |
Transactions and integration related costs |  | — |  |  | — |  |  | — |  |  | 10,343 |  |  | 10,343 |
Total operating costs and expenses |  | 46,978 |  |  | 54,972 |  |  | 13,336 |  |  | 10,343 |  |  | 125,629 |
Operating loss |  | $ | (8,738) |  |  | $ | (15,098) |  |  | $ | (13,336) |  |  | $ | (10,343) |  |  | $ | (47,515) |
(1) Corporate expenses that are not directly attributable to the uranium, heavy mineral sands or rare earth elements segments and are evaluated on a consolidated basis. (2) Includes depreciation, depletion and amortization expense of $1.07 million, $1.85 million and $0.21 million related to the uranium, HMS and REE segments, respectively. Depreciation, depletion and amortization expense is included in the Exploration, development and processing and standby expense financial statement line items on the consolidated statement of operations and comprehensive income (loss).
|  | Year Ended December 31, 2023
|  | Uranium |  | Heavy Mineral Sands |  | Rare Earth Elements |  | Unallocated(1) |  | Consolidated Total
Revenues |  | $ | 35,080 |  |  | $ | — |  |  | $ | 2,848 |  |  | $ | — |  |  | $ | 37,928 |
Operating costs and expenses: |  |  |  |  |  |  |  |  |  |
Costs applicable to revenues |  | 15,869 |  |  | — |  |  | 2,312 |  |  | — |  |  | 18,181 |
Exploration, development and processing(2) |  | 5,584 |  |  | 583 |  |  | 9,364 |  |  | — |  |  | 15,531 |
Standby(2) |  | 7,476 |  |  | — |  |  | — |  |  | — |  |  | 7,476 |
Accretion of asset retirement obligations |  | 1,192 |  |  | — |  |  | — |  |  | — |  |  | 1,192 |
Selling, general and administrative (excluding share-based compensation) |  | 12,899 |  |  | 2,590 |  |  | 7,801 |  |  | — |  |  | 23,290 |
Share-based compensation |  | 2,562 |  |  | 514 |  |  | 1,549 |  |  | — |  |  | 4,625 |
Total operating costs and expenses |  | 45,582 |  |  | 3,687 |  |  | 21,026 |  |  | — |  |  | 70,295 |
Operating loss |  | $ | (10,502) |  |  | $ | (3,687) |  |  | $ | (18,178) |  |  | $ | — |  |  | $ | (32,367) |
(1) Corporate expenses that are not directly attributable to the uranium, heavy mineral sands or rare earth elements segments and are evaluated on a consolidated basis. (2) Includes depreciation, depletion and amortization expense of $1.95 million, $0.58 million and $0.22 million related to the uranium, HMS and REE segments, respectively. Depreciation, depletion and amortization expense is included in the Exploration, development and processing and standby expense financial statement line items on the consolidated statement of operations and comprehensive income (loss).
|  | Year Ended December 31, 2022
|  | Uranium |  | Heavy Mineral Sands |  | Rare Earth Elements |  | Unallocated(1) |  | Consolidated Total
Revenues |  | $ | 10,393 |  |  | $ | — |  |  | $ | 2,122 |  |  | $ | — |  |  | $ | 12,515 |
Operating costs and expenses: |  |  |  |  |  |  |  |  |  |
Costs applicable to revenues |  | 3,769 |  |  | — |  |  | 4,075 |  |  | — |  |  | 7,844 |
Exploration, development and processing(2) |  | 6,543 |  |  | — |  |  | 2,803 |  |  | — |  |  | 9,346 |
Standby(2) |  | 13,221 |  |  | — |  |  | — |  |  | — |  |  | 13,221 |
Accretion of asset retirement obligations |  | 1,556 |  |  | — |  |  | — |  |  | — |  |  | 1,556 |
Selling, general and administrative (excluding share-based compensation) |  | 11,966 |  |  | 540 |  |  | 8,339 |  |  | — |  |  | 20,845 |
Share-based compensation |  | 2,664 |  |  | 120 |  |  | 1,857 |  |  | — |  |  | 4,641 |
Total operating costs and expenses |  | 39,719 |  |  | 660 |  |  | 17,074 |  |  | — |  |  | 57,453 |
Operating loss |  | $ | (29,326) |  |  | $ | (660) |  |  | $ | (14,952) |  |  | $ | — |  |  | $ | (44,938) |
(1) Corporate expenses that are not directly attributable to the uranium, heavy mineral sands or rare earth elements segments and are evaluated on a consolidated basis. (2) Includes depreciation, depletion and amortization expense of $3.27 million related to the uranium segment. Depreciation, depletion and amortization expense is included in the Exploration, development and processing and standby expense financial statement line items on the consolidated statement of operations and comprehensive income (loss). No depreciation, depletion and amortization expense was recorded related to the HMS and REE segments.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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