Quarterly report [Sections 13 or 15(d)]

Inventory

v3.26.1
Inventory
3 Months Ended
Mar. 31, 2026
Inventory  
Inventory

5.

Inventory

The Company’s inventory consists of the following:

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Inventory by Type

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March 31, 2026

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December 31, 2025

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In-process inventory

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681

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201

Plant inventory

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995

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1,097

Conversion facility inventory

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26,350

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22,993

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28,026

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24,291

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Using lower of cost or net realizable value (“NRV”) calculations, the Company reduced the inventory valuation by nil and $2.6 million for the three months ended March 31, 2026, and 2025, respectively. In the three months ended March 31, 2025, $0.5 million of the NRV adjustment related to produced inventory and $2.1 million related to non-produced inventory.