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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 714,171 $ 44,105
Receivables (Note 8) 1,830 2,585
Prepaids 4,972 663
Deposits (Note 9) 27,572  
TOTAL CURRENT ASSETS 748,545 47,353
NON-CURRENT ASSETS    
Mineral properties and interest (Note 3) 67,680 66,786
Buildings and equipment, net (Note 4) 1,838 443
Right-of-use assets (Note 5) 31 28
Restricted cash and cash equivalents 59,550 3,000
TOTAL ASSETS 877,644 117,610
CURRENT LIABILITIES    
Trade and other payables 13,565 5,723
Lease liabilities (Note 5) 88 28
CWA settlement payable (Note 9) 1,000 1,000
TOTAL CURRENT LIABILITIES 14,653 6,751
NON-CURRENT LIABILITIES    
Lease liabilities (Note 5) 156  
CWA settlement payable (Note 9) 1,000 2,000
Reclamation liabilities (Note 8) 534  
TOTAL LIABILITIES 16,343 8,751
COMMITMENT AND CONTINGENCIES (Note 9)
SHAREHOLDERS' EQUITY (Note 6)    
Common shares, without par value, unlimited shares authorized, 124,124,030 and 70,266,550 shares outstanding, respectively 1,490,420 668,665
Additional capital 66,454 35,375
Accumulated deficit (695,573) (595,181)
TOTAL SHAREHOLDERS' EQUITY 861,301 108,859
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 877,644 $ 117,610