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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 loss $ (18,451) $ (8,996)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and accretion expense 249 285
Right of use asset amortization 142 100
Lease liability (134) (96)
Stock-based compensation (38) 467
Reclamation obligation 3 50
Other 300 (179)
Total adjustments to reconcile net loss to net cash used in operating activities (17,929) (8,369)
Changes in working capital:    
Due to (from) related party 4,329 (5)
Grant collection (receivable) 2,000 (2,000)
Prepaid expenses and other 210 (1,396)
Accounts payable and accrued liabilities 771 64
Net cash used in operating activities (10,619) (11,706)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from the sale of equipment 12 12
Purchase of equipment (64) (16)
Land purchase (Note 8) (1,507)  
Net cash used in investing activities (1,559) (4)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Financing transaction, net (Note 7) 35,286  
Repurchase option payment   (25)
Stock option exercise   31
Net cash provided by financing activities 35,286 6
Net change in cash, cash equivalents and restricted cash 23,108 (11,704)
Cash, cash equivalents and restricted cash- beginning of the period 3,819 15,523
Cash, cash equivalents and restricted cash- end of the period 26,927 $ 3,819
Supplemental cash flow disclosures:    
Non-cash common shares issued in land repurchase (Note 8) $ 1,950