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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net income (loss) $ 11,249 $ (6,585)
Adjustments to reconcile net income (loss) to net cash used in operations:    
Depreciation and amortization 55 40
Stock-based compensation 684 636
Gain on grant of royalty interest in mineral titles (16,909)  
Gain on sale of plant and equipment (802)  
Change in working capital account items:    
Other current assets (107) 91
Accounts payable, accrued liabilities and other 95 (43)
Net cash used in operating activities (5,735) (5,861)
Cash flows from investing activities:    
Proceeds from grant of royalty interest in mineral titles 17,000 3,000
Net proceeds from sale of plant and equipment 802  
Additions to plant and equipment (344) (51)
Capitalized mineral property development costs (1,865)  
Net cash provided by investing activities 15,593 2,949
Cash flows from financing activities:    
Proceeds from equity financing, net 1,108 1,013
Payment of taxes from withheld shares (85) (142)
Net cash provided by financing activities 1,023 871
Net increase (decrease) in cash and cash equivalents 10,881 (2,041)
Cash and cash equivalents, beginning of period 6,069 8,110
Cash and cash equivalents, end of period $ 16,950 $ 6,069