| Schedule of single segment's significant expenses in consistent with Company's consolidated statement of operations and comprehensive loss |
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Nine Months Ended |
|
|
September 30, |
|
September 30, |
Single Reportable Segment |
|
2025 |
|
2024 |
|
2025 |
|
2024 |
|
|
|
|
|
|
|
|
|
U3O8 sales |
|
6,323 |
|
6,165 |
|
16,751 |
|
10,789 |
Disposal fees |
|
— |
|
235 |
|
7 |
|
264 |
Sales |
|
6,323 |
|
6,400 |
|
16,758 |
|
11,053 |
|
|
|
|
|
|
|
|
|
Lost Creek product costs |
|
7,063 |
|
4,891 |
|
15,460 |
|
8,018 |
Lower of cost or NRV adjustments |
|
— |
|
722 |
|
2,696 |
|
2,061 |
Cost of sales |
|
7,063 |
|
5,613 |
|
18,156 |
|
10,079 |
|
|
|
|
|
|
|
|
|
Gross profit (loss) |
|
(740) |
|
787 |
|
(1,398) |
|
974 |
|
|
|
|
|
|
|
|
|
Exploration and evaluation |
|
1,477 |
|
934 |
|
3,682 |
|
2,862 |
Development |
|
14,379 |
|
10,088 |
|
38,184 |
|
31,730 |
General and administration |
|
2,871 |
|
1,397 |
|
7,243 |
|
5,418 |
Accretion of asset retirement obligations |
|
344 |
|
231 |
|
902 |
|
518 |
Operating costs |
|
19,071 |
|
12,650 |
|
50,011 |
|
40,528 |
|
|
|
|
|
|
|
|
|
Operating profit (loss) |
|
(19,811) |
|
(11,863) |
|
(51,409) |
|
(39,554) |
|
|
|
|
|
|
|
|
|
Interest income |
|
518 |
|
1,263 |
|
2,086 |
|
2,495 |
Interest expense |
|
(364) |
|
(43) |
|
(920) |
|
(207) |
Mark to market gain (loss) |
|
(7,854) |
|
2,968 |
|
(9,166) |
|
4,442 |
Foreign exchange gain (loss) |
|
5 |
|
6 |
|
(19) |
|
22 |
Other income (loss) |
|
43 |
|
(333) |
|
111 |
|
(325) |
Net income (loss) |
|
(27,463) |
|
(8,002) |
|
(59,317) |
|
(33,127) |
|
| Schedule of financial assets and liabilities measured at fair value on recurring basis |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Hierarchy as of September 30, 2025 |
|
Fair Value Hierarchy as of December 31, 2024 |
|
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial instrument assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents |
|
36,532 |
|
— |
|
— |
|
36,532 |
|
65,096 |
|
— |
|
— |
|
65,096 |
Restricted cash equivalents |
|
11,361 |
|
— |
|
— |
|
11,361 |
|
11,011 |
|
— |
|
— |
|
11,011 |
|
|
47,893 |
|
— |
|
— |
|
47,893 |
|
76,107 |
|
— |
|
— |
|
76,107 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial instrument liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Inventory derivative
obligation (net) |
|
— |
|
16,908 |
|
— |
|
16,908 |
|
— |
|
14,408 |
|
— |
|
14,408 |
Warrant liability |
|
— |
|
9,011 |
|
— |
|
9,011 |
|
— |
|
2,529 |
|
— |
|
2,529 |
Stock option liabilities |
|
— |
|
2,736 |
|
— |
|
2,736 |
|
— |
|
1,758 |
|
— |
|
1,758 |
|
|
— |
|
28,655 |
|
— |
|
28,655 |
|
— |
|
18,695 |
|
— |
|
18,695 |
|