INCOME TAX (Tables)

12 Months Ended

Dec. 31, 2024

INCOME TAX

Schedule of future tax assets and liabilities

	As of December 31,
	2024		2023
Deferred tax assets:
Non-current:
Noncapital loss carryforwards, Canada	$	2,674	$	2,725
Capital loss carryforwards, Canada		6		6
Net operating loss carryforwards, U.S.		25,957		24,661
Mineral properties		6,513		3,350
Reclamation provision		53		50
Equipment		1		103
Share based compensation		726		721
Research and development		36		109
Deferred tax assets		35,966		31,725
Valuation allowance		(35,966)		(31,725)
Net	$	—	$	—
Deferred tax liabilities:
Deferred tax liabilities	$	—	$	—
Net deferred tax asset/(liability)	$	—	$	—

Schedule of composition of valuation allowance by tax jurisdiction

	As of December 31,
	2024		2023
Canada	$	3,115	$	3,167
United States		32,851		28,558
Total valuation allowance	$	35,966	$	31,725

Schedule of components of loss from continuing operations before income taxes

	For the year ended December 31,
	2024		2023
Canada	$	(437)	$	(509)
United States		(18,014)		(8,487)
	$	(18,451)	$	(8,996)

Schedule of reconciliation of expected income tax on net income at statutory rates

	As of December 31,
	2024			2023
Net loss	$	(18,451)		$	(8,996)
Statutory tax rate		27	%		27	%
Tax expense at statutory rate		(4,982)			(2,429)
State taxes		(626)			(287)
Foreign rate differential		1,082			496
Change in tax rates		3			61
Stock-based compensation		—			48
Nondeductible expenses		(3)			13
Prior year true-up		285			88
Change in valuation allowance		4,241			2,010
Income tax expense	$	—		$	—