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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows used in operating activities:    
Net loss $ (48,287) $ (11,759)
Adjustments to reconcile net loss for the period to net cash used in operating activities:    
Stock-based compensation 19,130 528
Depreciation and amortization 385 534
Asset retirement obligation adjustments and accretion expense 306 333
(Gain) loss on sale of assets, net 114 (57)
Other non-cash items 139 (122)
Non-cash interest expense 0 2,998
Changes in operating assets and liabilities:    
Prepaids and deposits 521 911
Receivables (23) 41
Supplies inventories, net (62) 41
Accounts payable, accrued expenses, and other liabilities (3,537) (3,143)
Net cash used in operating activities (31,314) (9,695)
Cash flows from investing activities:    
Additions to property, plant, and equipment (576) (171)
Proceeds from sale of assets 68 57
Net cash used in investing activities (508) (114)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs 43,458 215
Taxes paid related to net share settlement of equity awards (4,197) 0
Principal payments 0 (33)
Net cash provided by financing activities 39,261 182
Net increase (decrease) in cash, cash equivalents, and restricted cash 7,439 (9,627)
Cash, cash equivalents, and restricted cash, beginning of period 204,231 77,057
Cash, cash equivalents, and restricted cash, end of period 211,670 67,430
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 189,014 39,688
Restricted cash 22,656 27,742
Total cash, cash equivalents, and restricted cash $ 211,670 $ 67,430