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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
OPERATING ACTIVITIES    
Net loss $ (65,169) $ (14,860)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depletion, depreciation and amortization 4,001 1,999
Share-based compensation 8,790 3,784
Accretion of asset retirement obligations 2,622 916
Settlement of asset retirement obligations (19,952) 0
Unrealized foreign exchange loss 1,780 331
Equity in loss of unconsolidated affiliates 748 0
Realized gain on marketable securities (355) (1,704)
Gain on sale of assets (5,296) (10)
Other, net (84) (30)
Changes in current assets and liabilities:    
Marketable securities (6,655) 1,346
Inventories (3,649) 6,782
Trade and other receivables 25,696 (3,384)
Prepaid expenses and other current assets (1,015) (1,948)
Accounts payable and accrued liabilities (14,731) (1,210)
Net cash used in operating activities (73,269) (7,988)
INVESTING ACTIVITIES    
Additions to property, plant and equipment (9,804) (20,684)
Additions to mineral properties (23,036) (6,220)
Acquisition of intangible assets 0 (1,639)
Purchases of marketable securities (189,578) (184,284)
Maturities of marketable securities 127,910 216,533
Purchase of investments (9,343) (7,306)
Proceeds from sale of assets 5,296 10
Net cash used in investing activities (98,555) (3,590)
FINANCING ACTIVITIES    
Issuance of common shares for cash, net of issuance costs 226,843 4,788
Proceeds from Noncontrolling Interests 759 0
Cash received from exercise of stock options 1,104 159
Net cash provided by financing activities 227,920 3,558
Effect of exchange rate fluctuations on cash held in foreign currencies 1,916 (265)
Net change in cash, cash equivalents and restricted cash 58,012 (8,285)
Cash, cash equivalents and restricted cash, beginning of period 58,605 75,024
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 116,617 66,739
Supplemental disclosure of cash flow information:    
Cash paid for interest 145 141
Increase (decrease) in accrued capital expenditures and accounts payable for property, plant and equipment and mineral properties 1,378 (464)
Shares issued for joint venture interest 0 3,500
Shares issued for acquisition of intangible assets 0 1,500
Contingent consideration for acquisition of intangible assets 0 1,690
Restricted Stock Units (RSUs)    
FINANCING ACTIVITIES    
Cash paid to fund employee income tax withholding due upon vesting of restricted stock units (786) (837)
Stock Appreciation Rights (SARs)    
FINANCING ACTIVITIES    
Cash paid to fund employee income tax withholding due upon vesting of restricted stock units $ 0 $ (552)