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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The summarized operating results of the Company’s reportable segments are as follows:

						Three Months Ended March 31, 2025
												Heavy						Rare
												Mineral						Earth												Consolidated
						Uranium						Sands						Elements												Total
Revenues						$	1,355					$	15,543					$	—											$	16,898
Operating costs and expenses:
Costs applicable to revenues						—						18,124						—												18,124
Exploration, development and processing (excluding share-based compensation)(1)						5,196						1,250						—												6,446
Standby(1)						1,867						—						—												1,867
Accretion of asset retirement obligations						346						727						—												1,073
Selling, general and administrative (excluding share-based compensation)						4,659						5,206						3,111												12,976
Share-based compensation						888						1,213						504												2,605
Total operating costs and expenses						12,956						26,520						3,615												43,091
Operating loss						$	(11,601)					$	(10,977)					$	(3,615)											$	(26,193)

(1)    Includes depreciation, depletion and amortization expense of $0.48 million, $0.09 million and $0.71 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).

						Three Months Ended March 31, 2024
												Heavy						Rare
												Mineral						Earth												Consolidated
						Uranium						Sands						Elements						Unallocated(1)						Total
Revenues						$	25,426					$	—					$	—					$	—					$	25,426
Operating costs and expenses:
Costs applicable to revenues						11,052						—						—						—						11,052
Exploration, development and processing (excluding share-based compensation)(2)						340						404						2,061						—						2,805
Standby(2)						1,333						—						—						—						1,333
Accretion of asset retirement obligations						276						—						—						—						276
Selling, general and administrative (excluding share-based compensation)						3,231						1,014						1,653						696						6,594
Share-based compensation						759						196						390						—						1,345
Total operating costs and expenses						16,991						1,614						4,104						696						23,405
Operating income (loss)						$	8,435					$	(1,614)					$	(4,104)					$	(696)					$	2,021

(1) Corporate expenses that are not directly attributable to the uranium, HMS or REE segments and are evaluated on a consolidated basis.

(2)    Includes depreciation, depletion and amortization expense of $0.55 million, $0.04 million and $0.08 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).

X

- 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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X

- References

No definition available.

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