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CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS
$ in Thousands
6 Months Ended
Jun. 30, 2025
USD ($)
Cash flows from operating activities:  
Net loss $ (19,805)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:  
Deferred income tax expense 471
Depreciation and amortization 5,519
Stock-based compensation 795
Interest on streaming liabilities 7,837
Other operating adjustments, net 1,279
Changes in operating assets and liabilities:  
Accounts receivable (1,441)
Inventories 310
Prepaid expenses and other current assets (1,090)
Other non-current assets 301
Accounts payable and other accrued liabilities (213)
Cash settled liability awards (33)
Mining royalty and income taxes payable, net 3,935
Net cash (used in) provided by operating activities (2,135)
Cash flows from investing activities:  
Capital expenditures (4,719)
Proceeds from the sale of investment in Green Light Metals 854
Net cash used in investing activities (3,865)
Cash flows from financing activities:  
Net proceeds from note payable 6,114
Other financing activities (138)
Net cash provided by financing activities 17,116
Effect of exchange rate changes on cash and cash equivalents (71)
Net increase (decrease) in cash and cash equivalents 11,045
Cash and cash equivalents at beginning of period 1,628
Cash and cash equivalents at end of period 12,673
Non-cash investing or financing activities:  
Value of common shares issued for share based compensation redemption 161
Balance of capital expenditures in accounts payable 2,283
Balance of equipment financing 169
ATM Agreement  
Cash flows from financing activities:  
Proceeds from issuance of stock 8,640
Registered Direct Offering  
Cash flows from financing activities:  
Proceeds from issuance of stock $ 2,500