Asset retirement obligation

3 Months Ended

Mar. 31, 2026

Asset Retirement Obligation Disclosure [Abstract]

Asset retirement obligation

Asset retirement obligation

The following table summarizes changes in the Company’s Asset retirement obligation (in thousands):

	March 31, 2026		December 31, 2025
Balance, beginning of period	$	11,773	$	13,151
Accretion	306		1,297
Change in estimates	—		(2,675)
Balance, end of period	$	12,079	$	11,773
Current	$	22	$	22
Non-current	$	12,057	$	11,751

For the three months ended March 31, 2026 and 2025, the Company recognized no asset retirement obligation adjustments resulting from a change in estimate.

The Company does not have mineral reserves, and accordingly, all asset retirement costs are expensed until mineral reserves are established.