CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2025	Mar. 31, 2024
Operating activities
Net loss		$ (11,526)	$ (6,264)
Adjustments for:
Depreciation		12	0
Stock-based compensation		1,033	1,389
Amortization of right-of-use asset		253	204
Loss on financial instruments measured at fair value		1,956	1,504
Other items		182	(6)
(Increase)/decrease in receivables		(68)	3,239
Decrease in prepaids and deposits		443	627
Increase/(decrease) in accounts payable		60	(10,274)
Increase/(decrease) in accrued liabilities		(10,939)	7,592
Operating lease payments, net of non-cash interest accrual		(247)	(192)
Net cash used in operating activities		(18,841)	(2,181)
Investing activities
Additions to mineral properties, plant and equipment		(117,933)	(46,081)
Net cash used in investing activities		(117,933)	(46,081)
Financing activities
Deferred financing fees		(9,294)	0
Principal payments on finance lease obligations		(1,197)	(12)
Net cash used in financing activities		(10,491)	(12)
Net decrease in cash, cash equivalents, and restricted cash		(147,265)	(48,274)
Cash, cash equivalents, and restricted cash, beginning of period	[1]	594,173	195,804
Cash, cash equivalents, and restricted cash, end of period	[1]	$ 446,908	$ 147,530

[1] March 31, 2025 and December 31, 2024 balances include restricted cash of $288.