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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
OPERATING ACTIVITIES:    
Net loss $ (100,392) $ (14,483)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation (Note 5) 3,861 3,897
Shares Issued to Stibnite Foundation 3,954  
Depreciation 168 120
Gain on disposal of buildings and equipment   (13)
Environmental and reclamation expense (Note 6)   1,524
Unrealized foreign exchange (gain) loss (17) 52
Changes in:    
Receivables 755 596
Prepaid expenses (4,510) (20)
Deposits - current (Note 9) (15,222)  
Trade and other payables 7,843 726
CWA settlement payable (Note 9) (1,000) (2,000)
Reclamation liabilities (Note 6)   (2,289)
Net cash used in operating activities (104,560) (11,890)
INVESTING ACTIVITIES:    
Investment in mineral properties and interest (Note 3) (360) (2,301)
Purchase of buildings and equipment (1,150) (176)
Proceeds from sale of equipment   12
Proceeds from sale of silver royalty (Note 3)   8,335
Deposit on equipment purchase (Note 9) (12,350) (200)
Net cash provided by (used in) investing activities (13,860) 5,670
FINANCING ACTIVITIES:    
Proceeds from sale of common shares, net of issuance costs (Note 5) 841,800 43,592
Proceeds from exercise of share purchase options (Note 6) 3,219 3,556
Net cash provided by financing activities 845,019 47,148
Effect of foreign exchange on cash, cash equivalents, and restricted cash and cash equivalents 17 (52)
Net increase (decrease) in cash, cash equivalents, and restricted cash and cash equivalents 726,616 40,876
Cash, cash equivalents, and restricted cash and cash equivalents, beginning of year 47,105 6,229
Cash, cash equivalents, and restricted cash and cash equivalents, end of year 773,721 47,105
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Addition of finance lease obligations and right-of-use assets 213  
Recognition of operating lease liability and right-of-use asset 68 66
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AND CASH EQUIVALENTS    
Cash and cash equivalents 714,171 44,105
Restricted cash and cash equivalents 59,550 3,000
Total cash, cash equivalents, and restricted cash and cash equivalents $ 773,721 $ 47,105