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Unaudited condensed consolidated interim statements of cash flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Operating activities          
Net loss for the period $ (8.2) $ (31.9) $ (144.9) $ (68.4)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Share-based compensation     4.2 6.9  
Depreciation and amortization     6.8 3.9  
Foreign exchange loss on translation     0.0 0.4  
Fair value (gain) on financial instruments (34.7) (7.3) (10.9) (6.6)  
Bad debt expense     0.0 1.1  
Inventory write downs to net realizable value (2.0) (2.3) (0.2) (0.2)  
Loss on write off of fixed assets     0.1 0.0  
Interest and accretion on convertible debt     27.1 1.2  
Interest paid     (0.3) 0.0  
Debt extinguishment loss (Note 11) 0.0 0.0 58.9 0.0  
Non-cash lease expense     (0.5) (0.1)  
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities     (59.7) (61.8)  
Changes in working capital items:          
Accounts receivable     (4.7) 2.3  
Other receivables     0.4 5.0  
Prepayments and deposits     (2.3) (12.1)  
Inventories     0.8 5.3  
Lease Liabilities     0.4 5.4  
Accounts payable and accrued liabilities     (6.9) (7.9)  
Net cash used in operating activities     (72.0) (63.8)  
Investing activities          
Adjustments to purchases of property, plant, equipment, and other assets     (15.4) (164.9)  
Net cash used in investing activities     (15.4) (164.9)  
Financing activities          
Proceeds from convertible debt     75.0 0.0  
Payments of transaction costs     (1.3) 0.0  
Purchase of non-controlling interest     0.0 (0.4)  
Net cash provided (used in) by financing activities     73.7 (0.4)  
Net change in cash, cash equivalents and restricted cash     (13.7) (229.1)  
Cash, cash equivalents and restricted cash, beginning of period     80.3 517.9 $ 517.9
Cash, cash equivalents and restricted cash, end of period $ 66.6 $ 288.8 66.6 288.8 $ 80.3
Supplemental non-cash investing activities:          
Purchases of property and equipment included in liabilities     12.6 9.8  
Supplemental information:          
Bad debt recovery     $ 1.0 $ 0.0