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Condensed Consolidated Interim Statements of Financial Position - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash $ 31,569 $ 31,177
Restricted cash 460 518
Receivables - Joint Ventures 3,190 1,274
Other current assets 1,786 336
Current assets 37,005 33,305
Non-current assets    
Exploration and evaluation assets 26,449 26,446
Intangible assets 949 943
Right of use asset 389 482
Property, plant and equipment 1,408 1,631
Investment in Aqualung 5,350 2,335
Investment in joint ventures 145,174 146,158
Financial asset - FID 48,879 48,138
Advances and deposits 58 58
Non-current assets 228,656 226,191
TOTAL ASSETS 265,661 259,496
Current liabilities    
Accounts payable and accrued liabilities 1,158 1,104
Accounts payable - unconsolidated affiliates 4,276 4,397
Lease liability - short-term 243 271
Current liabilities 5,677 5,772
Non-current liabilities    
Lease liabilities - long-term 143 206
Deferred income tax liabilities 24,323 24,889
Decommissioning provision 578 572
Non-current liabilities 25,044 25,667
TOTAL LIABILITIES 30,721 31,439
SHAREHOLDERS' EQUITY    
Share capital 243,788 235,782
Reserves 36,447 36,040
Accumulated deficit (39,399) (37,849)
Accumulated other comprehensive loss (5,896) (5,916)
TOTAL SHAREHOLDERS' EQUITY 234,940 228,057
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 265,661 $ 259,496