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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expense

Net loss before income taxes was generated as follows:

			Years Ended December 31,
			2024						2023						2022
Domestic - Canada			$	(21,525)					$	(11,666)					$	(12,442)
Foreign – outside of Canada			(52,397)						(14,412)						(10,878)
			$	(73,922)					$	(26,078)					$	(23,320)

Income tax benefit is comprised of the following:

			Years Ended December 31,
			2024						2023						2022
Current tax expense
Domestic – Canada			$	-					$	-					$	-
Foreign – outside of Canada			38						2						2
			$	38					$	2					$	2
Deferred tax benefit
Domestic – Canada			-						-						-
Foreign – outside of Canada			(5,967)						(469)						(167)
			$	(5,967)					$	(469)					$	(167)
Income tax benefit			$	(5,929)					$	(467)					$	(165)

Schedule of Effective Income Tax Rate Reconciliation

The actual income tax provision differs from the expected amount calculated by applying the Canadian combined federal and provincial corporate tax rates to income before tax. These differences result from the following:

			Years Ended December 31,
			2024						2023						2022
Loss before tax			$	(73,922)					$	(26,078)					$	(23,320)
Federal income tax rate			27		%				27		%				27		%
Income tax recovery based on statutory rate			(19,959)						(7,041)						(6,296)
Increase (decrease) resulting from:
Permanent differences			1,257						1,716						972
Non-controlling interest			1,452						—						—
Change in valuation allowance			8,499						5,595						4,301
Other			(631)						9						(53)
Effect of tax rate in foreign jurisdictions			2,610						457						563
Tax rate differences and tax rate changes			843						(1,203)						348
Income tax benefit			$	(5,929)					$	(467)					$	(165)

Schedule of Deferred Tax Assets and Liabilities

The table below summarizes the principal components of the deferred tax assets (liabilities) as follows :

			December 31,
			2024						2023
Deferred tax assets
Loss carryforwards			$	24,983					$	17,155
Mineral rights and properties			4,952						6,273
Inventory			1,489						-
Transaction and financing costs			1,685						2,260
Lease liability			97						128
Warranty liability			815						815
Investment in partnership			3,066						-
Other			197						122
Deferred tax assets			$	37,284					$	26,753
Valuation allowance			(34,697)						(24,819)
Net deferred tax asset			$	2,587					$	1,934
Deferred tax liabilities
Investments in equity securities			(786)						(942)
Intangible assets			(35)						(38)
Right of use of assets			(86)						(120)
Mineral rights and properties			(28,142)						(28,306)
Other			(518)						(487)
Deferred tax liabilities			$	(29,567)					$	(29,893)
Deferred tax assets			2,587						1,934
Net deferred tax liability			$	(26,980)					$	(27,959)

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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-Topic 740
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-Name Accounting Standards Codification
-Section 55
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