Quarterly report [Sections 13 or 15(d)]

Summary of Significant Accounting Policies (Tables)

v3.25.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2025
Summary of Significant Accounting Policies  
Schedule of single segment's significant expenses in consistent with Company's consolidated statement of operations and comprehensive loss

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Three Months Ended

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Six Months Ended

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June 30,

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June 30,

Single Operating Segment

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2025

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2024

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2025

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2024

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U3O8 sales

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10,428

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4,624

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10,428

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4,624

Disposal fees

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7

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29

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7

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29

Sales

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10,435

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4,653

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10,435

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4,653

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Lost Creek product costs

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8,397

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3,127

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8,397

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3,127

Lower of cost or NRV adjustments

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98

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200

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2,696

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1,339

Cost of sales

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8,495

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3,327

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11,093

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4,466

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Gross profit (loss)

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1,940

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1,326

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(658)

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187

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Exploration and evaluation

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1,161

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1,025

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2,205

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1,928

Development

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14,062

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10,090

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23,805

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21,642

General and administration

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2,199

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1,452

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4,372

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4,021

Accretion of asset retirement obligations

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281

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166

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558

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287

Operating costs

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17,703

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12,733

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30,940

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27,878

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Operating profit (loss)

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(15,763)

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(11,407)

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(31,598)

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(27,691)

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Interest income

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701

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613

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1,568

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1,232

Interest expense

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(290)

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(33)

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(556)

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(164)

Mark to market gain (loss)

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(5,622)

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4,230

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(1,312)

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1,474

Foreign exchange gain (loss)

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(24)

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4

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(24)

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16

Other income (loss)

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42

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9

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68

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8

Net income (loss)

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(20,956)

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(6,584)

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(31,854)

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(25,125)

Schedule of financial assets and liabilities measured at fair value on recurring basis

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Fair Value Hierarchy as of June 30, 2025

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Fair Value Hierarchy as of December 31, 2024

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Level 1

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Level 2

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Level 3

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Total

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Level 1

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Level 2

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Level 3

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Total

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Financial instrument assets

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Cash equivalents

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46,419

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—

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—

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46,419

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65,096

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—

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—

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65,096

Restricted cash equivalents

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11,244

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—

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—

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11,244

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11,011

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—

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—

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11,011

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57,663

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—

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—

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57,663

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76,107

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—

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—

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76,107

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Financial instrument liabilities

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Inventory derivative
obligation (net)

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—

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15,875

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—

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15,875

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—

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14,408

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—

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14,408

Warrant liability

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—

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2,411

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—

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2,411

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—

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2,529

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—

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2,529

Stock option liabilities

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—

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1,344

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—

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1,344

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—

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1,758

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—

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1,758

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—

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19,630

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—

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19,630

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—

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18,695

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—

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18,695

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