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Other Non-current Assets

9 Months Ended

Sep. 30, 2025

10. Other Non-current Assets

At September 30, 2025 and December 31, 2024, other non-current assets consisted of the following:


	As of		As of
	September 30,		December 31,
	2025		2024

	(in thousands)
Investment in Green Light Metals		-		852
Other non-current assets		661		53
Total	$	661	$	905

Investment in Green Light Metals

On December 28, 2022, the Company received 12.25 million common shares of Green Light Metals as a settlement for a promissory note receivable acquired with the Aquila Resources Inc. (“Aquila”) acquisition. This represented approximately 28.5% ownership in Green Light Metals at the time. In the first quarter of 2025, through its subsidiary, Aquila Resources USA Inc., the Company entered into a share purchase agreement with multiple purchasers to sell all of its interest in the Green Light Metals shares, for $0.10 Canadian dollars (“C$”) per share, for total net proceeds of C$1.2 million ($0.9 million), which was received on February 11, 2025. As of December 31, 2024, the fair value of this investment was $0.9 million.