XML 272 R5.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES      
(Loss)/income from continuing operations $ (15,240) $ 17,581 $ (32,527)
Items not affecting cash and other items:      
Equity compensation 7,229 8,399 1,175
Depreciation 758 1,067 222
Deferred tax (expense)/recovery (10,659) 10,659  
Foreign exchange gain (2,147) (13,774) (3,433)
Share of loss/(income) of Cauchari-Olaroz Project 28,232 (16,211) 83,276
Share of loss of Sal de la Puna 0 677 1,359
Share of loss of Sal de la Puna Project 176 866 0
Gain on modification of the loans to Exar Capital     (20,354)
Gain on financial instruments measured at fair value (12,530) (22,379) (44,570)
Finance costs (net) (21,336) (8,285) (151)
Payment of interest on the convertible notes and debt facilities (4,528) (4,528) (6,297)
Changes in non-cash working capital items:      
Increase in receivables, prepaids and deposits (16,458) (1,018) 175
Increase in accounts payable and accrued liabilities 20,342 3,009 4,356
Increase in net prepayments made for lithium carbonate 4,351 (4,353)  
Cash used in operating activities by continuing operations (21,810) (28,290) (16,769)
Cash used in operating activities by discontinued operations 0 (30,679) (48,453)
Net cash used in operating activities (21,810) (58,969) (65,222)
INVESTING ACTIVITIES      
Proceeds from repayment of loans by Exar Capital 26,476    
Contribution to Investment in Cauchari-Olaroz project (1,570) (1,863) (3,138)
Contribution to Investment in Sal de la Puna Project (2,113)    
Proceeds from withdrawal of/ (investments in) short-term bank deposits 0 155,000 (155,000)
Investment in Arena Minerals 0   (2,745)
Additions to exploration and evaluation assets (702) (2,577) (1,188)
Additions to property, plant and equipment (971) (5,291) (169)
Cash (used)/provided in investing activities by continuing operations (85,858) 77,702 (210,562)
Cash used in investing activities by discontinued operations 0 (116,804) (20,320)
Net cash used in investing activities (85,858) (39,102) (230,882)
FINANCING ACTIVITIES      
Proceeds from equity awards exercises 0 172 1,920
Financing costs related to separation 0 (15,647)  
Cash distributed upon separation 0 (275,499)  
Repayment of the subordinate loan facility 0   (24,708)
Proceeds from Pastos Grandes Transaction 70,000    
Transaction costs related to Pastos Grandes Transaction (455)    
Lease liabilities (774) 338 (303)
Cash provided/(used) in financing activities of continuing operations 68,771 (290,636) (23,091)
Cash provided by financing activities of discontinued operations 0 302,755 (374)
Net cash provided/(used) in financing activities 68,771 12,119 (23,465)
Effect of foreign exchange on cash 2,147 13,774 3,433
CHANGE IN CASH AND CASH EQUIVALENTS (36,750) (72,178) (316,136)
CASH AND CASH EQUIVALENTS - BEGINNING OF THE PERIOD 122,293 [1] 194,471 510,607
CASH AND CASH EQUIVALENTS - END OF THE PERIOD 85,543 122,293 [1] 194,471
Arena Minerals      
INVESTING ACTIVITIES      
Change in cash 0 (2,887)  
Exar Capital      
INVESTING ACTIVITIES      
Loans (41,978) $ (64,680) (79,674)
Minera Exar      
Items not affecting cash and other items:      
Share of loss/(income) of Cauchari-Olaroz Project 3,206    
INVESTING ACTIVITIES      
Loans (65,000)    
Millennial Acquisition      
INVESTING ACTIVITIES      
Change in cash $ 0   $ 31,352
[1] The comparative information has been reclassified as discussed in Note 13 and Note 14.