FEDERAL INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Components of Future Tax Assets and Liabilities

	December 31,
	2023		2022
	(thousands of dollars)
Deferred tax assets:
Non‑Current:
Net operating loss carryforwards	$	24,228	$	22,584
Capital loss carryforwards		22,508		22,508
Mineral properties		1,759		3,694
Capitalized joint venture costs		3,725		3,427
Fixed assets		1,916		1,921
Capitalized transaction costs		1,144		1,150
Share based compensation		98		418
Accrued vacation		5		62
Other		93		26
Deferred tax assets		55,476		55,790
Valuation allowance		(55,387)		(55,769)
Net deferred tax assets		89		21
Deferred tax liabilities:
Non‑Current:
Other		(89)		(21)
Deferred tax liabilities		(89)		(21)
Net deferred tax asset (liability)	$	—	$	—

Schedule of Valuation Allowance by Tax Jurisdiction

	December 31,
	2023		2022
	(thousands of dollars)
United States	$	46,663	$	44,644
Australia		4,792		4,790
Turkey		3,932		6,335
Total valuation allowance	$	55,387	$	55,769

Schedule of Loss From Operations Before Income Taxes

	For the year ended December 31,
	2023		2022
	(thousands of dollars)
United States	$	(7,714)	$	(11,082)
Australia		(7)		(5)
Turkey		(30)		(34)
	$	(7,751)	$	(11,121)

Schedule of Reconciliation of Expected Income Tax on Net Income at Statutory Rates

	Year ended December 31,
	2023		2022
	(thousands of dollars)
Net loss	$	(7,751)	$	(11,121)
Statutory tax rate		21%		21%
Tax recovery at statutory rate		(1,628)		(2,335)
State tax rate		(569)		(672)
Foreign tax rate		(3)		(1)
Change in U.S. tax rates		(367)		(32)
Other adjustments		530		180
Settlement of mineral properties in Turkey		2,696		—
Operating loss carryforward adjustment		104		685
Operating loss Section 382 adjustment		(407)		110
Nondeductible expenses and other permanent items		26		19
Change in valuation allowance		(382)		2,046
Income tax expense (recovery)	$	—	$	—