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SEGMENT REPORTING (Tables) | 6 Months Ended
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Jun. 30, 2025
SEGMENT REPORTING |
Schedule of segment assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
(thousands of dollars) | ​ | 2025 |  | 2024
Assets: | ​ | ​ | ​ | ​ | ​ | ​
Battery-grade graphite business segment assets | ​ | $ | 142,934 | ​ | $ | 141,470
Corporate and other assets | ​ | ​ | 7,564 | ​ | ​ | 4,887
Consolidated total assets | ​ | $ | 150,498 | ​ | $ | 146,357
​ | ​ | ​ | ​ | ​ | ​ | ​
Expenditures for battery-grade graphite business segment assets | ​ | $ | 5,057 | ​ | $ | 6,138
Schedule of segment profit or loss and significant segment expenses | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three months ended | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2025
(thousands of dollars) | ​ | Battery-grade Graphite Segment | ​ | Corporate and Other | ​ | Consolidated Statements of Operations
Other expense, net | ​ | $ | (11) | ​ | $ | (283) | ​ | $ | (294)
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Product development expenses | ​ | ​ | (275) | ​ | ​ | — | ​ | ​ | (275)
Exploration expenses | ​ | ​ | (3) | ​ | ​ | — | ​ | ​ | (3)
General and administrative expenses | ​ | ​ | (582) | ​ | ​ | (2,551) | ​ | ​ | (3,133)
Mineral property | ​ | ​ | (10) | ​ | ​ | — | ​ | ​ | (10)
Depreciation and amortization | ​ | ​ | (153) | ​ | ​ | (1) | ​ | ​ | (154)
Net loss | ​ | $ | (1,034) | ​ | $ | (2,835) | ​ | $ | (3,869)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2024
(thousands of dollars) | ​ | Battery-grade Graphite Segment | ​ | Corporate and Other | ​ | Consolidated Statements of Operations
Other (expense) income, net | ​ | $ | (1,044) | ​ | $ | 63 | ​ | $ | (981)
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Product development expenses | ​ | ​ | (281) | ​ | ​ | — | ​ | ​ | (281)
Exploration expenses | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
General and administrative expenses | ​ | ​ | (481) | ​ | ​ | (2,008) | ​ | ​ | (2,489)
Mineral property | ​ | ​ | (6) | ​ | ​ | — | ​ | ​ | (6)
Depreciation and amortization | ​ | ​ | (61) | ​ | ​ | (1) | ​ | ​ | (62)
Net loss | ​ | $ | (1,873) | ​ | $ | (1,946) | ​ | $ | (3,819)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Six months ended | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2025
(thousands of dollars) | ​ | Battery-grade Graphite Segment | ​ | Corporate and Other | ​ | Consolidated Statements of Operations
Other expense, net | ​ | $ | (296) | ​ | $ | (39) | ​ | $ | (335)
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Product development expenses | ​ | ​ | (457) | ​ | ​ | — | ​ | ​ | (457)
Exploration expenses | ​ | ​ | (10) | ​ | ​ | — | ​ | ​ | (10)
General and administrative expenses | ​ | ​ | (1,058) | ​ | ​ | (4,369) | ​ | ​ | (5,427)
Mineral property | ​ | ​ | (10) | ​ | ​ | — | ​ | ​ | (10)
Depreciation and amortization | ​ | ​ | (304) | ​ | ​ | (2) | ​ | ​ | (306)
Net loss | ​ | $ | (2,135) | ​ | $ | (4,410) | ​ | $ | (6,545)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2024
(thousands of dollars) | ​ | Battery-grade Graphite Segment | ​ | Corporate and Other | ​ | Consolidated Statements of Operations
Other (expense) income, net | ​ | $ | (1,073) | ​ | $ | 187 | ​ | $ | (886)
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Product development expenses | ​ | ​ | (596) | ​ | ​ | — | ​ | ​ | (596)
Exploration expenses | ​ | ​ | (11) | ​ | ​ | — | ​ | ​ | (11)
General and administrative expenses | ​ | ​ | (1,099) | ​ | ​ | (3,995) | ​ | ​ | (5,094)
Mineral property | ​ | ​ | (6) | ​ | ​ | — | ​ | ​ | (6)
Depreciation and amortization | ​ | ​ | (121) | ​ | ​ | (3) | ​ | ​ | (124)
Net loss | ​ | $ | (2,906) | ​ | $ | (3,811) | ​ | $ | (6,717)
​

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