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Warrant Liability (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

Warrant Liability

Schedule of warrants issued but not exercised

As at June 30, 2022 and December 31, 2021 the following warrants were issued but not exercised and therefore recorded as a liability:


		June 30,		December 31,
		2022		2021
		Number		Number
Public Warrants		15,265,136		15,265,146
Mudrick Warrants		4,000,000		4,000,000
MWC Options		—		2,000,000
Outstanding, end of period		19,265,136		21,265,146

As at December 16, 2021 and December 31, 2021 the following warrants were issued but not exercised:


		Number
Public Warrants		15,265,146
Mudrick Warrants		4,000,000
MWC Options		2,000,000
		21,265,146

Schedule of reconciliation of warrant liabilities

Recorded as a liability, the following shows the change in fair value during the period ended June 30, 2022:


		£ 000
December 31, 2021		10,730
Addition/(Disposal) of private placement warrants		—
Reclassification of MWC Options to equity		(1,010)
Change in fair value		(4,373)
Exchange differences on translation		840
June 30, 2022		6,187