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Consolidated Statements of Cash Flow - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash used in operating activities      
Net loss $ (67,993,000) $ (25,611,000) $ (23,155,000)
Adjustments to reconcile net income to cash provided by (used in) operating activities      
Amortization, depreciation, accretion and depletion 4,596,000 5,664,000 736,000
Stock based compensation 4,788,000 3,464,000 4,332,000
Shares issued for services 0 0 611,000
Inventory impairment charge 6,054,000 0 0
Asset retirement obligation (gain)/loss 5,424,000 (221,000) 157,000
Gain on sale of mineral properties 0 (11,837,000) (1,852,000)
Exploration costs related to mineral properties (investing activity) 9,392,000 8,205,000 4,302,000
Unrealized loss/(gain) on marketable securities 2,711,000 (5,918,000) (1,057,000)
Loss on equity method investments 0 0 564,000
Realized gain on marketable securities (248,000) 0 0
Changes in operating assets and liabilities:      
Receivables, prepaids and deposits (10,000) 356,000 (618,000)
Inventories (7,575,000) 2,991,000 (344,000)
Accounts payable and accrued liabilities 4,079,000 14,000 (4,242,000)
Asset retirement obligations (399,000) (291,000) (11,000)
Deferred tax liability (5,968,000) (469,000) (167,000)
Due to related parties (55,000) 666,000 434,000
Net cash used in operating activities (45,204,000) (22,987,000) (20,310,000)
Cash used in investing activities      
Purchase of property, plant, and equipment (11,348,000) (7,727,000) (980,000)
Acquisition of Alta Mesa net of cash received and deposit paid 0 (52,212,000) (6,009,000)
Acquisition of intangible assets 0 0 (55,000)
Exploration costs related to mineral properties (9,392,000) (8,205,000) (4,302,000)
Proceeds from the sale of mineral properties 0 3,527,000 48,000
Purchase of marketable securities (9,798,000) 0 0
Proceeds from sale of marketable securities 548,000 0 0
Net cash used in investing activities (29,990,000) (64,617,000) (11,298,000)
Cash provided by financing activities      
Private placement proceeds 10,000,000 25,562,000 24,002,000
Common stock issuance costs (50,000) (4,631,000) (1,534,000)
Stock subscriptions received 0 0 51,559,000
Proceeds from the At -the-Market ("ATM") sales 2,008,000 49,444,000 0
Proceeds from exercise of warrants 25,471,000 14,968,000 2,453,000
Proceeds from exercise of stock options 1,760,000 558,000 1,193,000
Repayments on convertible note 0 (40,000,000) 0
Financing costs incurred 0 0 (1,717,000)
Proceeds from sale of minority interest 60,000,000 0 0
Contributions from non-controlling interest 8,228,000 0 0
Net cash provided by financing activities 107,417,000 45,901,000 75,956,000
Net increase (decrease) in cash, cash equivalents and restricted cash 32,223,000 (41,703,000) 44,348,000
Foreign exchange difference on cash, cash equivalents and restricted cash 56,000 (205,000) (972,000)
Cash, cash equivalents and restricted cash, beginning of year 15,173,000 57,081,000 13,705,000
Cash, cash equivalents and restricted cash, end of year 47,452,000 15,173,000 57,081,000
Non-cash financing activities:      
Share issue costs on finders' warrants issued 0 1,415,000 0
Conversion of subscriptions to shares 0 33,300,000 0
Warrants issued in conjunction with subscription 0 18,259,000 0
Financing costs remaining in accounts payable and accrued liabilities 0 0 1,513,000
Conversion of promissory note, including equity portion, to shares 23,117,000 0 0
Inventory received in exchange for note payable 20,108,000 0 0
Inventory distributions to non-controlling interest 1,905,000 0 0
Unpaid contributions from non-controlling interest 1,759,000 0 0
Fair value of replacement options 0 81,000 0
Marketable securities obtained as part of sale of mineral property 0 9,815,000 3,345,000
Non-cash investing activities:      
Property, plant, and equipment additions included in accounts payable and accrued liabilities 0 188,000 0
Convertible promissory note Issued for asset acquisition $ 0 $ 60,000,000 $ 0