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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Total revenue $ 62,927 $ 52,516 $ 142,869 $ 212,240
Operating costs and expenses:        
Cost of sales (excluding depreciation, depletion and amortization) (including related party) 57,266 22,217 134,323 69,137
Selling, general and administrative 21,525 19,561 64,226 57,829
Depreciation, depletion and amortization 19,344 16,751 55,939 37,076
Start-up costs 1,627 7,336 4,287 16,125
Advanced projects and development 2,051 2,873 8,143 9,586
Other operating costs and expenses 654 1,314 1,415 6,578
Total operating costs and expenses 102,467 70,052 268,333 196,331
Operating income (loss) (39,540) (17,536) (125,464) 15,909
Interest expense, net (6,646) (1,396) (16,248) (4,147)
Gain on early extinguishment of debt 0 0 46,265 0
Other income, net 11,320 14,456 36,061 41,970
Income (loss) before income taxes (34,866) (4,476) (59,386) 53,732
Income tax benefit (expense) 9,350 200 16,304 (13,166)
Net income (loss) $ (25,516) $ (4,276) $ (43,082) $ 40,566
Earnings (loss) per share:        
Basic EPS (in USD per share) $ (0.16) $ (0.02) $ (0.26) $ 0.23
Diluted (in USD per share) $ (0.16) $ (0.02) $ (0.44) $ 0.22
Weighted-average shares outstanding:        
Basic (in shares) 164,149,348 177,231,717 168,002,773 177,034,068
Diluted (in shares) 164,149,348 177,231,717 172,066,214 193,632,662
Rare earth concentrate (including related party)        
Total revenue $ 43,053 $ 52,472 $ 107,555 $ 212,139
NdPr oxide and metal (including related party)        
Total revenue 19,179 0 34,037 0
Other revenue        
Total revenue $ 695 $ 44 $ 1,277 $ 101