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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income (loss) $ 12,922 $ (4,928)
Adjustments to reconcile net income (loss) to net cash used in operations:    
Depreciation and amortization 40 30
Stock-based compensation 575 528
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 238 254
Accounts payable, accrued liabilities and other 128 26
Net cash used in operating activities (3,808) (4,090)
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 (160) (43)
Capitalized mineral property development costs (1,503)  
Net cash provided by/(used in) investing activities 16,139 (43)
Cash flows from financing activities:    
Proceeds from equity financing, net 639 1,013
Payment of taxes from withheld shares (85) (142)
Net cash provided by financing activities 554 871
Net increase (decrease) in cash and cash equivalents 12,885 (3,262)
Cash and cash equivalents, beginning of period 6,069 8,110
Cash and cash equivalents, end of period $ 18,954 $ 4,848