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SEGMENT INFORMATION (Tables)

12 Months Ended

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

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- References

No definition available.

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