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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:      
Net income (loss)   $ (5,064) $ 14,560
Adjustments to reconcile net income (loss) to net cash used in operations:      
Depreciation and amortization $ 14 45 26
Stock-based compensation   478 470
Gain on grant of royalty interest in mineral titles (16,909)   (16,909)
Gain on sale of plant and equipment     (802)
Change in working capital account items:      
Other current assets   238 112
Accounts payable, accrued liabilities and other   188 (152)
Net cash used in operating activities   (4,115) (2,695)
Cash flows from investing activities:      
Proceeds from grant of royalty interest in mineral titles     17,000
Net proceeds from sale of plant and equipment     802
Additions to plant and equipment   (50) (82)
Capitalized mineral property development costs   (150) (1,028)
Net cash provided by (used in) investing activities   (200) 16,692
Cash flows from financing activities:      
Proceeds from equity financing, net   821 244
Payment of taxes from withheld shares   (245) (85)
Net cash provided by financing activities   576 159
Net increase (decrease) in cash and cash equivalents   (3,739) 14,156
Cash and cash equivalents, beginning of period   16,950 6,069
Cash and cash equivalents, end of period $ 20,225 $ 13,211 $ 20,225