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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:      
Net income (loss)   $ 14,560 $ (3,474)
Adjustments to reconcile net income (loss) to net cash used in operations:      
Depreciation and amortization $ 14 26 20
Stock-based compensation   470 427
Gain on grant of royalty interest in mineral titles (16,909) (16,909)  
Proceeds from sale of plant and equipment   (900)  
Change in working capital account items:      
Other current assets   112 195
Accounts payable, accrued liabilities and other   (152) (163)
Net cash used in operating activities   (2,793) (2,995)
Cash flows from investing activities:      
Proceeds from grant of royalty interest in mineral titles   17,000  
Proceeds from sale of plant and equipment   900  
Additions to plant and equipment   (82)  
Capitalized mineral property development costs   (1,028)  
Net cash provided by investing activities   16,790  
Cash flows from financing activities:      
Proceeds from equity financing, net   244 1,013
Payment of taxes from withheld shares   (85) (142)
Net cash provided by financing activities   159 871
Net increase (decrease) in cash and cash equivalents   14,156 (2,124)
Cash and cash equivalents, beginning of period   6,069 8,110
Cash and cash equivalents, end of period $ 20,225 $ 20,225 $ 5,986