INVENTORIES

3 Months Ended

Mar. 31, 2023

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

The Company’s inventories consisted of the following:

	March 31, 2023		December 31, 2022
(in thousands)
Materials and supplies(1)	$	31,402	$	28,590
In-process	28,929		27,212
Finished goods	1,473		1,752
Total current inventories	61,804		57,554
Add: Non-current portion(2)	6,844		5,744
Total inventories	$	68,648	$	63,298

(1)Includes materials to support activities pertaining to the Company’s rare earth metal, alloy and magnet manufacturing facility as a part of Stage III.

(2)Represents stockpiled ore that is not expected to be processed within the next 12 months.