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Investment in Joint Venture (Tables)
12 Months Ended
Dec. 31, 2024
Investment In Joint Venture Details [Abstract]  
Investment in joint venture

    

    

At December 31

At December 31

(in thousands)

2024

2023

Investment in joint venture:

 

  

 

  

JCU

$

20,663

$

17,290

$

20,663

$

17,290

    

(in thousands)

Balance-December 31, 2023

$

17,290

Investment at cost:

 

  

Additional investment in JCU

 

3,357

Equity share of income

16

Balance-December 31, 2024

$

20,663

Summaries of Consolidated Financial Information of JCU

    

    

 

At December 31

At December 31

(in thousands)

2024

2023

 

Total current assets(1)

$

3,226

$

525

Total non-current assets

 

38,838

 

38,666

Total current liabilities

 

(544)

 

(381)

Total non-current liabilities

 

(194)

 

(4,230)

Total net assets

$

41,326

$

34,580

 

Twelve Months Ended

Twelve Months Ended

November 30, 2024(2)

November 30, 2023(2)

Revenue

$

$

Net income (loss)

32

 

(8,799)

Other comprehensive income

Reconciliation of JCU net assets to Denison investment carrying value:

 

  

 

  

Adjusted net assets of JCU–at December 31

$

34,580

$

38,609

Net income (loss)

32

 

(8,799)

Investment from owners

6,714

4,770

Net assets of JCU–at November 30

$

41,326

$

34,580

Denison ownership interest

50.00

%

 

50.00

%

Investment in JCU

$

20,663

$

17,290

(1)Included in current assets are $3,226,000 in cash and cash equivalents (December 31, 2023 - $525,000).
(2)Represents JCU net loss for the twelve months ended November 30 (recorded one month in arrears), adjusted for differences in fair value allocations and accounting policies.