Prepaids and Deposits, Net

12 Months Ended

Dec. 31, 2022

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaids and Deposits, Net

Prepaids and Deposits, Net

The following table provides the components of Prepaids and deposits, net and Other assets (dollars in thousands):

	Year Ended December 31,
	2022		2021
Prepaids and deposits, net – current
Prepaids
Insurance	$	1,221	$	1,014
Mining claims and permitting fees	940		891
License fees	287		186
Other	154		56
Deposits	238		195
Total	$	2,840	$	2,342
Other assets – non-current
Royalty – advance payment on Crofoot Royalty	$	600	$	600

Deposits

During the year ended December 31, 2021, the Company determined that additional equipment was no longer expected to be purchased under the current mine plan. Accordingly, a full reserve was applied against a $0.9 million deposit previously paid by the Company to an equipment supplier.

Royalty – advance payment

As of December 31, 2022 and 2021, royalty-advance payments included annual advance payments for a portion of the Hycroft Mine that is subject to a mining lease requiring a 4% net profit royalty be paid to the previous owners of certain patented and unpatented mining claims. See Note 23 – Commitments and Contingencies for further detail.