Equity Securities

3 Months Ended

Mar. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Equity Securities

Equity Securities

The following table provides the components of Equity securities (in thousands):

	March 31, 2025		December 31, 2024
Equity securities, current	$	739	$	454
Equity securities, non-current(1)	—		151
Total(2)	$	739	$	605

(1)Equity securities, non-current are classified as such because they are restricted from sale within the next 12 months. For one year from closing date of June 4, 2024, the Company will not sell, transfer, assign, or dispose of the Payment Shares without mutual written agreement from both parties. Starting one year after closing, the Company may sell up to 25% of the Payment Shares every three months, subject to certain conditions.

(2)The value of Equity securities was determined using the closing price on the last day of the period as quoted on the TSX Venture Exchange. See Note 8 – Fair Value Measurements for additional information.

During the three months ended March 31, 2025, the Company recorded an unrealized gain on equity securities of $0.1 million as compared to nil for the same period ended 2024.