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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Cash flows used in operating activities:        
Net loss $ (8,982) $ (8,427) $ (31,042) $ (18,115)
Adjustments to reconcile net loss for the period to net cash used in operating activities:        
Non-cash portion of interest expense     6,937 9,215
Non-cash loss (gain) on fair value adjustment for warrant liabilities (3,706) (651) 1,615 (10,144)
Depreciation and amortization     1,552 3,102
Stock-based compensation     1,023 1,586
Accretion 102 102 204 204
Gain on sale of equipment 23 0 (602) 0
Changes in operating assets and liabilities:        
Accounts receivable     0 (1,037)
Production-related inventories     3,935 (6,285)
Materials and supplies inventories     315 (762)
Prepaids and deposits     (2,468) (3,045)
Accounts payable     (1,634) 3,010
Other liabilities     (1,918) 954
Net cash used in operating activities     (22,083) (21,317)
Cash flows provided by (used in) investing activities:        
Additions to plant, equipment, and mine development     (490) (9,065)
Proceeds from sale of equipment     1,383 0
Proceeds from assets held for sale     1,890 0
Net cash provided by (used in) investing activities     2,783 (9,065)
Cash flows provided by financing activities:        
Principal payments on debt     (24,956) (583)
Principal payments on notes payable     (62) 0
Proceeds from issuance of common stock, net of issuance costs     188,974 0
Net cash provided by (used in) financing activities     163,956 (583)
Net increase (decrease) in cash and restricted cash     144,656 (30,965)
Cash and restricted cash, beginning of period     46,635 96,040
Cash and restricted cash, end of period 191,291 65,075 191,291 65,075
Reconciliation of cash and restricted cash:        
Cash 157,781 30,220 157,781 30,220
Restricted cash 33,510 34,855 33,510 34,855
Total cash and restricted cash $ 191,291 $ 65,075 $ 191,291 $ 65,075