Related Party Transactions

9 Months Ended

Sep. 30, 2024

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

As of September 30, 2024, Ausenco Engineering South USA, Inc. (“Ausenco”) and American Multi-Cinema, Inc. (“AMC”) were classified as related parties. The Company’s President and Chief Executive Officer currently holds a non-executive director position on the board of Ausenco’s parent company, while a representative from AMC serves on the Company’s Board of Directors.

During the three and nine months ended September 30, 2024, the Company paid $0.1 million and $0.4 million, respectively, to Ausenco for a technical report, as compared to nil and $0.1 million, respectively, for the same periods in 2023.

During both the three and nine months ended September 30, 2024 and 2023, the Company paid nil and $0.1 million, respectively, in director fees for AMC’s board representative. Additionally, during both the three and nine months ended September 30, 2024 and 2023, the Company granted RSUs with a grant date fair value of nil and $0.1 million, respectively, for AMC’s board representative.

As of September 30, 2024 and December 31, 2023, AMC, through its director representative, was entitled to receive shares of common stock of 12,393 and 18,007, respectively, upon the future vesting of RSUs.