Debt, net (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Schedule of Components of Debt

The following table provides the components of principal payments (in thousands):

	Year Ended December 31,
	2025		2024
Principal payments on Sprott Credit Agreement	$	(15,000)	$	(37,994)
Principal payments on Subordinated Notes (net of $6,417 discount)	(64,880)		—
Payment for paid-in-kind interest (net of $4,457 discount)	(45,062)		—
Principal payments on other notes	(75)		(126)
Total	$	(125,017)	$	(38,120)

Schedule of Components of Recorded Interest Expense

The following table summarizes the components of recorded Interest expense (in thousands):

	Year Ended December 31,
	2025		2024
Subordinated Notes(1)	$	9,113	$	10,551
Sprott Credit Agreement(3)	1,264		1,795
Amortization of original issue discount(2)	536		7,473
Amortization of debt issuance costs(2)	111		148
Other interest expense	1		2
Total	$	11,025	$	19,969

(1)    The Subordinated Notes bore interest at 10.0% per annum (non-cash), payable in-kind on a quarterly basis. The Subordinated Notes were fully paid on October 15, 2025 and the agreement was terminated.

(2)    As of December 31, 2025 and 2024, the effective interest rate for the amortization of the discount and issuance costs was nil and 2.4%, respectively.

(3)    The Sprott Credit Agreement bore interest monthly at a floating rate of SOFR plus 0.26161% adjustment plus 6.00%. As of December 31, 2025 and 2024, the effective interest rate was nil and 18.1%, respectively.