v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 82 $ 81
Short-term investments, at fair value 7,573 4,523
Investments in marketable equity securities, at fair value 294 1,322
Prepaid expenses and other current assets 61 66
Total current assets 8,010 5,992
Mineral properties 16,732 16,701
Restricted cash - mineral property reclamation bonds 230 230
Other assets 58 117
Total assets 25,030 23,040
Current liabilities:    
Accounts payable 208 258
Kinross call option liability 0 67
Operating lease liability 7 43
Total current liabilities 215 368
Long-term liabilities:    
Asset retirement obligation and reclamation liabilities 145 145
Operating lease liability 0 7
Total long-term liabilities 145 152
Shareholders' equity:    
Preferred stock, $0.01 par value, authorized 10,000,000 shares (none issued and outstanding at December 31, 2025 and 2024) 0 0
Common stock, $0.01 par value, authorized, 200,000,000 shares (90,901,324 and 81,638,418, respectively, shares issued and outstanding at December 31, 2025 and 2024) 909 816
Additional paid-in capital 90,604 84,714
Accumulated deficit (66,843) (63,010)
Total shareholders' equity 24,670 22,520
Total liabilities and shareholders' equity $ 25,030 $ 23,040