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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets:    
Cash and cash equivalents $ 181,738 $ 49,560
Prepaids and deposits 2,953 2,863
Supplies inventories, net 1,416 1,354
Equity investment securities 776 454
Receivables 609 369
Current assets 187,492 54,600
Property, plant, and equipment and assets held-for-sale, net 53,005 57,286
Restricted cash 22,493 27,498
Prepaids 37 600
Equity investment securities, non-current 0 151
Total assets 263,027 140,135
Liabilities:    
Accounts payable, accrued expenses, and other liabilities 7,712 5,561
Asset retirement obligation, current 22 179
Debt, net 0 54
Current liabilities 7,734 5,794
Deferred gain on sale of royalty 29,839 29,839
Asset retirement obligation 11,751 12,972
Other liabilities 8 0
Debt, net 0 124,945
Total liabilities 49,332 173,550
Commitments and contingencies
Stockholders’ equity (deficit)    
Common stock, $0.0001 par value; 1,400,000,000 shares authorized; 83,025,384 issued and outstanding at December 31, 2025, and 24,875,587 issued and outstanding at December 31, 2024 8 2
Additional paid-in capital 1,040,417 752,649
Accumulated deficit (826,730) (786,066)
Total stockholders’ equity (deficit) 213,695 (33,415)
Total liabilities and stockholders’ equity $ 263,027 $ 140,135