Contract Liabilities

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Contract Liabilities

Contract Liabilities

As of March 31, 2024 and December 31, 2023, Contract liabilities were $0.1 million and $1.6 million, respectively. As of December 31, 2023, the Company had received non-refundable deposit payments totaling $1.6 million in accordance with the Equipment Purchase Agreement for one SAG mill, one ball mill, and one sub-station transformer. Partial cancellation of the agreement was received on March 1, 2024, with $1.4 million of the deposit recognized as Other income during the quarter. See Note 7 – Assets Held For Sale for additional details.