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TRANSACTIONS (Tables) | 9 Months Ended
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Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Asset Acquisition | The total purchase consideration on August 16, 2024 was $4.83 million, which was determined as follows:
Cash | $ | 1,500 |
Issuance of Common Shares | 1,500 |
Fair value of contingent consideration | 1,690 |
Direct transaction costs | 139 |
Total purchase consideration | $ | 4,829 |
The following is a summary of intellectual property, net:
Intellectual property, net, as of December 31, 2024 | $ | 4,767 |
Revision in estimate of fair value of contingent consideration | (18) |
Amortization of intellectual property | (270) |
Intellectual property, net, as of September 30, 2025 | $ | 4,479 |
Schedule of Business Acquisitions, by Acquisition | The following table summarizes the acquisition date fair value of the consideration transferred:
Share Consideration | Shares | Per Share | Purchase Consideration
Common Shares exchanged for Base Resources ownership interest | 31,920,983 | $5.59 | $ | 178,438 |
Total consideration paid |  |  | $ | 178,438 |
The following table summarizes the purchase price allocation for the Transaction:
| October 2, 2024
Assets |
Cash and cash equivalents | $ | 26,479 |
Trade and other receivables | 19,429 |
Inventories(1) | 36,100 |
Prepaid expenses and other current assets | 6,097 |
Total current assets | 88,105 |
Mineral properties(2) | 154,074 |
Property, plant and equipment, net(3) | 12,000 |
Restricted cash | 527 |
Other assets(6) | 1,182 |
Total assets | 255,888 |
Liabilities |
Accounts payable and accrued liabilities(5) | 25,270 |
Asset retirement obligations(4) | 25,700 |
Contingent consideration | 16,830 |
Other liabilities | 490 |
Total current liabilities | 68,290 |
Asset retirement obligations(4) | 8,468 |
Other liabilities | 692 |
Total liabilities | 77,450 |
Net assets acquired | $ | 178,438 |
(1) The fair value of stockpile inventories is based on the lower of cost or net realizable value, reduced by a profit allowance. (2) The fair value of mineral properties is based on applying the income approach plus residual value in accordance with ASC 930. (3) The fair value of property, plant and equipment is based on applying the cost valuation method. (4) The fair value of asset retirement obligation is based on applying the income approach. (5) The fair value of the redundancy provision included within accrued liabilities is based on applying the income approach. (6) The Company acquired net deferred tax assets of $39.50 million. The Company maintained a full valuation allowance against the net deferred tax assets acquired from Base Resources and intends to continue maintaining a full valuation allowance on its net deferred tax assets until there is sufficient evidence to support the reversal of all or a portion of the allowance.

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- Definition Tabular disclosure of asset acquisition. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 50 -Name Accounting Standards Codification -Section 15 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480123/805-50-15-3 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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