Quarterly report [Sections 13 or 15(d)]

Inventory

v3.25.3
Inventory
9 Months Ended
Sep. 30, 2025
Inventory  
Inventory

5.

Inventory

The Company’s inventory consists of the following:

Inventory by Type

September 30, 2025

December 31, 2024

In-process inventory

630

42

Plant inventory

2,267

1,840

Conversion facility inventory

16,282

18,862

19,179

20,744

Using lower of cost or net realizable value (“NRV”) calculations, the Company reduced the inventory valuation by $2,696 and $2,061 for the nine months ended September 30, 2025 and 2024, respectively. In the nine months ended September 30, 2025, $596 of the NRV adjustment related to produced inventory and $2,100 related to non-produced inventory. In the nine months ended September 30, 2024, all NRV adjustment related to produced inventory. The Company did not have any non-produced inventory during the nine months ended September 30, 2024.  As described in note 21, the Company purchased 100,000 pounds uranium oxide (“U3O8”) for $8.2 million in October 2025.