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SHARE-BASED PAYMENTS (Tables)

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

The Company’s share-based compensation expense, by type of award, is as follows:

			Three Months Ended March 31,
			2025						2024
RSUs(1)			$	2,007					$	744
SARs			7						153
Stock options			818						448
Total share-based compensation expense(2)			$	2,832					$	1,345

(1)The fair value of the RSUs granted under the Compensation Plan for the three months ended March 31, 2025 and 2024 was estimated at the date of grant using the stated market price on the NYSE American.

(2)Share-based compensation is included in Selling, general and administration and Exploration, development and processing in the unaudited Condensed Consolidated Statements of Operations and Comprehensive Income. Additionally, the Company capitalized $0.23 million of share-based compensation expense to Mineral properties on the unaudited Balance Sheet for the three months ended March 31, 2025. No share-based compensation expense was capitalized for the three months ended March 31, 2024.

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

A summary of the Company’s unvested RSU activity is as follows:

			Number of Shares						Weighted Average Grant Date Fair Value
Unvested, December 31, 2024			1,143,146						$	6.65
Granted			1,429,418						5.56
Vested			(428,540)						7.05
Forfeited			(19,834)						5.59
Unvested, March 31, 2025			2,124,190						$	5.84

A summary of the Company’s SARs activity is as follows:

			Number of Shares						Weighted Average Exercise Price						Weighted Average Remaining Contractual Life (Years)						Intrinsic Value
Outstanding, December 31, 2024			1,016,745						$	6.67
Granted			—						—
Exercised			—						—
Forfeited			—						—
Expired			—						—
Outstanding, March 31, 2025			1,016,745						$	6.67					2.05						$	—
Exercisable, March 31, 2025			—						$	—					0.00						$	—

A summary of the Company’s unvested SARs activity is as follows:

			Number of Shares						Weighted Average Grant Date Fair Value
Unvested, December 31, 2024			1,016,745						$	3.83
Granted			—						—
Vested			—						—
Expired			—						—
Forfeited			—						—
Unvested, March 31, 2025			1,016,745						$	3.83

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of all stock options, including Performance Based Options, granted under the Compensation Plan for the three months ended March 31, 2025 was estimated at the date of grant, using the Black-Scholes Option Valuation Model, with the following weighted average assumptions:

Risk-free interest rate			4.2		%
Expected life			3.2 years
Expected volatility(1)			63.5		%
Expected dividend yield			—		%
Weighted average grant date fair value			$	2.27

(1)Expected volatility is measured based on the Company’s historical share price volatility over a period equivalent to the expected life of the stock options.

Schedule of Share-based Compensation, Stock Options, Activity

A summary of all of the Company’s stock option activity, including Performance Based Options, is as follows:

			Range of Exercise Prices						Number of Shares						Weighted Average Exercise Price						Weighted Average Remaining Contractual Life (Years)						Intrinsic Value
Outstanding, December 31, 2024			$1.76 - $8.60						1,132,972						$	6.58
Granted			4.85 - 6.11						1,912,243						5.95
Exercised			1.76 - 1.76						(70,070)						1.76
Forfeited			5.43 - 7.48						(30,789)						5.66
Expired			1.76 - 1.76						(39,017)						1.76
Outstanding, March 31, 2025			$2.92 - $8.60						2,905,339						$	6.36					4.20						$	1,113
Exercisable, March 31, 2025			$2.92 - $8.60						542,626						$	6.95					2.87						$	1,113

A summary of the Company’s unvested stock option activity is as follows:

			Number of Shares						Weighted Average Grant Date Fair Value
Unvested, December 31, 2024			798,803						$	3.35
Granted			1,912,243						2.27
Vested			(317,545)						3.76
Forfeited			(30,789)						0.84
Unvested, March 31, 2025			2,362,712						$	2.46

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