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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 56,074 $ 87,840
Accounts receivable 4,100 5,613
Other current assets 5,155 9,186
Total current assets 65,329 102,639
Property, plant and mine development, net 135,722 134,544
Advances to affiliates 41,990 39,548
Other non-current assets 1,392 1,519
Equity method investments 74,113 71,635
Total assets 318,546 349,885
Liabilities and Stockholders’ Equity    
Accounts payable 1,144 5,239
Accrued expenses 2,670 4,313
Payables to affiliates 5,131 6,719
Current debt obligations 26,337 26,472
Other current liabilities 833 3,363
Total current liabilities 36,115 46,106
Long-term debt, net of current portion 2,959 3,652
Operating lease liabilities, net of current portion 769 863
Other non-current liabilities 1,054 1,017
Total liabilities 40,897 51,638
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Common stock; $0.0001 par value, 100,000,000 shares authorized; 21,946,069 and 21,825,465 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 2 2
Additional paid-in capital 499,226 497,878
Accumulated deficit (216,974) (191,605)
Accumulated other comprehensive loss (4,605) (8,028)
Total stockholders’ equity 277,649 298,247
Total liabilities and stockholders’ equity $ 318,546 $ 349,885