Fair Value Accounting

6 Months Ended

Jun. 30, 2025

Fair Value Accounting

Fair Value Accounting

17.Fair Value Accounting

The following tables set forth the Company’s assets and liabilities measured at fair value (Note 4):

	Fair Value at June 30, 2025
	Total		Level 1		Level 2		Level 3
Assets:
Cash	$	115,759	$	115,759	$	—	$	—
Receivables and prepayments		1,519		—		1,519		—
Exploration contracts		42,951		—		—		42,951
Right of use asset		2,860		—		—		2,860
Equipment		655		—		—		655
Software		2,039		—		—		2,039
Investment		7,911		—		—		7,911
	$	173,694	$	115,759	$	1,519	$	56,416
Liabilities:
Accounts payable and accrued liabilities	$	47,099	$	—	$	47,099	$	—
Short-term debt		2,478		—		2,478		—
Deferred tax liability		10,675		—		10,675		—
Royalty liability		14,000		—		—		14,000
Warrants liability		17,582		—		—		17,582
	$	91,834	$	—	$	60,252	$	31,582

	Fair Value at December 31, 2024
	Total		Level 1		Level 2		Level 3
Assets:
Cash	$	3,480	$	3,480	$	—	$	—
Receivables and prepayments		1,851		—		1,851		—
Exploration contracts		42,951		—		—		42,951
Right of use asset		3,814		—		—		3,814
Equipment		771		—		—		771
Software		1,928		—		—		1,928
Investment		8,203		—		—		8,203
	$	62,998	$	3,480	$	1,851	$	57,667
Liabilities:
Accounts payable and accrued liabilities	$	42,754	$	—	$	42,754	$	—
Short-term debt		11,775		—		11,775		—
Deferred tax liability		10,675		—		10,675		—
Royalty liability		14,000		—		—		14,000
Warrants liability		912		—		—		912
	$	80,116	$	—	$	65,204	$	14,912