Debt, net (Tables)

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Schedule of Components of Recorded Interest Expense

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

	Three Months Ended March 31,
	2026		2025
Subordinated Notes (1)	$	—	$	2,806
Sprott Credit Agreement (2)	—		394
Amortization of original issue discount (3)	—		159
Amortization of debt issuance costs (3)	—		34
Other	—		(6)
Total	$	—	$	3,387

(1)    The Subordinated Notes bore interest at 10.0% per annum (non-cash), payable in-kind on a quarterly basis.

(2)    The Sprott Credit Agreement bore interest monthly at a floating rate of SOFR plus 0.26161% adjustment plus 6.00%. As of March 31, 2026 and 2025, the effective interest rate was nil and 18.08%, respectively.

(3)    As of March 31, 2026 and 2025, the effective interest rate for the amortization of the discount and issuance costs was nil and 2.42%.