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Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Operating expenses        
Employee related costs $ 376 $ 2,531 $ 1,610 $ 3,181
Professional fees 636 633 1,858 2,772
Exploration expenditures 495 489 894 2,417
Other operating expenses 1,092 1,457 2,533 3,100
Total operating expenses 2,599 5,110 6,895 11,470
Change in fair value of earnout shares liability 1,263 (955) 510 (3,854)
Change in fair value of warrant liabilities 1,513 (724) 620 (580)
Change in fair value of convertible notes 40
Interest expense 1,016 48 4,267
Foreign exchange (gain) loss (2) (27) 2 (10)
Other gains (195) (122) (195)
Loss on equity securities 2 2 2
Loss before income taxes (5,375) (4,225) (7,995) (11,100)
Income tax benefit (101)
Net loss and comprehensive loss (5,375) (4,225) (7,995) (10,999)
Less: Net loss attributable to redeemable noncontrolling interest (78) (169) (177) (439)
Net loss and comprehensive loss attributable to the Company $ (5,297) $ (4,056) $ (7,818) $ (10,560)
Loss per common share, basic and diluted $ (0.11) $ (0.11) $ (0.17) $ (0.29)
Weighted average common shares outstanding, basic and diluted 45,893,738 35,160,333 41,777,986 33,421,185