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Consolidated balance sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Oct. 31, 2022
Oct. 31, 2021
Current assets        
Cash and cash equivalents $ 70.6 $ 517.9 $ 578.3 $ 596.9
Restricted cash 9.7 0.0 0.0 0.0
Accounts receivable (net of allowance for credit losses of $0) 1.0 4.3 1.5 4.1
Other receivables 1.9 9.8 7.7 0.9
Prepayments, deposits and other current assets 56.2 95.2 85.8 8.6
Inventories, net 9.6 7.7 7.5 1.2
Total current assets 149.0 634.9 680.8 611.7
Non-current assets        
Property, plant and equipment, net 668.8 210.0 150.2 26.4
Operating lease right-of-use assets 56.4 43.2 42.6 18.6
Finance lease right-of-use assets 2.2 0.0 0.0 0.0
Other assets 9.6 4.6 3.9 0.0
Total non-current assets 737.0 257.8 196.7 45.0
Total assets 886.0 892.7 877.5 656.7
Current liabilities        
Accounts payable 76.4 20.1 12.6 9.4
Accrued liabilities 75.7 51.8 33.8 9.4
Deferred revenue 0.2 0.0 0.0 0.0
Operating lease liabilities 4.4 4.3 3.9 1.8
Total current liabilities 156.7 76.2 50.3 20.6
Non-current liabilities        
Operating lease liabilities 56.2 41.7 40.5 18.7
Finance Lease, Liability, Noncurrent 2.3 0.0 0.0 0.0
Deferred revenue 5.3 0.0 0.0 0.0
Convertible debt 288.1 272.8 288.5 100.9
Warrants 0.0 0.0 0.0 82.1
Asset retirement obligations 1.0 0.4 0.4 0.4
Total noncurrent liabilities 352.9 314.9 329.4 202.1
Total liabilities 509.6 391.1 379.7 222.7
Commitments and Contingencies (Note 23)
Equity        
Common stock and additional paid-in capital Authorized unlimited shares, Issued and outstanding - 178.2 million shares (176.1 million, 176.0 million, 163.3 million shares at December 31, 2022, October 31, 2022 and 2021, respectively) 648.3 635.3 633.1 519.3
Accumulated deficit (271.6) (133.6) (135.2) (85.0)
Accumulated other comprehensive loss (0.3) (0.3) (0.3) (0.3)
Non-controlling interest 0.0 0.2 0.2 0.0
Total equity 376.4 501.6 497.8 434.0
Total liabilities and equity $ 886.0 $ 892.7 $ 877.5 $ 656.7