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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
EXPENSES    
Exploration and pre-development $ 121,292 $ 45,291
General and administration 6,497 5,191
Environmental and reclamation expense (Note 6)   1,524
Depreciation 168 120
OPERATING LOSS 127,957 52,126
OTHER EXPENSES (INCOME)    
Grant income (Note 7) (14,974) (37,365)
Interest income (12,056) (246)
Other expenses (income), net (535) (32)
Total other expenses (income), net (27,565) (37,643)
NET LOSS $ 100,392 $ 14,483
NET LOSS PER SHARE, BASIC $ 1.08 $ 0.22
NET LOSS PER SHARE, DILUTED $ 1.08 $ 0.22
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, BASIC 93,225,494 65,619,452
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, DILUTED 93,225,494 65,619,452