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Consolidated balance sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 22.6 $ 70.6
Restricted cash 9.3 9.7
Accounts receivable (net of allowance for credit losses of $nil) 12.1 1.0
Other receivables 1.0 1.9
Prepayments, deposits and other current assets 31.8 56.2
Inventories, net 9.6 9.6
Total current assets 86.4 149.0
Non-current assets    
Property, plant and equipment, net 690.9 668.8
Operating lease right-of-use assets 80.1 56.4
Finance lease right-of-use assets 0.0 2.2
Other assets, net 3.8 9.6
Long-lived assets 774.8 737.0
Total assets 861.2 886.0
Current liabilities    
Accounts payable 109.3 134.5
Accrued liabilities 31.7 17.6
Deferred revenue 3.3 0.2
Operating lease liabilities 5.7 4.4
Total current liabilities 150.0 156.7
Non-current liabilities    
Accounts payable 1.5 0.0
Operating lease liabilities 77.5 56.2
Finance lease liabilities 0.0 2.3
Deferred revenue 5.0 5.3
Convertible debt 363.1 288.1
Asset retirement obligations 1.0 1.0
Total noncurrent liabilities 448.1 352.9
Total liabilities 598.1 509.6
Commitments and Contingencies (Note 17)
Equity    
Common stock and additional paid-in capital Authorized unlimited shares, Issued and outstanding - 30.4 million shares (22.3 million shares at December 31, 2023) 672.7 648.3
Accumulated deficit (409.3) (271.6)
Accumulated other comprehensive loss (0.3) (0.3)
Total equity 263.1 376.4
Total liabilities and equity $ 861.2 $ 886.0