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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ (5,787) $ 12,922
Adjustments to reconcile net income (loss) to net cash used in operations:    
Depreciation and amortization 67 40
Stock-based compensation 593 575
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 356 238
Accounts payable, accrued liabilities and other 130 128
Net cash used in operating activities (4,641) (3,808)
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 (386) (160)
Capitalized mineral property development costs (150) (1,503)
Net cash provided by (used in) investing activities (536) 16,139
Cash flows from financing activities:    
Proceeds from equity financing, net 2,212 639
Payment of taxes from withheld shares (268) (85)
Net cash provided by financing activities 1,944 554
Net increase (decrease) in cash and cash equivalents (3,233) 12,885
Cash and cash equivalents, beginning of period 16,950 6,069
Cash and cash equivalents, end of period $ 13,717 $ 18,954