Equity Securities

6 Months Ended

Jun. 30, 2025

Investments, Debt and Equity Securities [Abstract]

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


	June 30, 2025		December 31, 2024
Equity securities, current	$	1,109	$	454
Equity securities, non-current(1)	—		151
Total(2)	$	1,109	$	605

(1)Equity securities, non-current are classified as such because they are restricted from sale within the next 12 months. On June 4, 2024, the Company sold certain assets for $3.6 million, consisting of $1.5 million in cash and $2.1 million in common shares of a publicly traded Canadian gold mining company (“Payment Shares”). For one year from June 4, 2024, the Company agreed not to 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 and six months ended June 30, 2025, the Company recorded an unrealized gain on equity securities of $0.4 million and $0.5 million as compared to an unrealized loss of $0.5 million for the same periods in 2024.