Quarterly report [Sections 13 or 15(d)]

Summary of Significant Accounting Policies (Tables)

v3.26.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2026
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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March 31,

Single Reportable Segment

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2026

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2025

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U3O8 sales

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3,904

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—

Disposal fees

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27

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—

Sales

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3,931

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—

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U3O8 product costs

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2,687

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—

Lower of cost or NRV adjustments

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—

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2,598

Cost of sales

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2,687

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2,598

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​

Gross profit (loss)

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1,244

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(2,598)

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Exploration and evaluation

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2,279

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1,044

Development

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14,946

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9,743

General and administration

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3,923

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2,173

Accretion of asset retirement obligations

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429

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277

Operating costs

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21,577

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13,237

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Operating profit (loss)

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(20,333)

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(15,835)

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Interest income

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765

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867

Interest expense

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(2,946)

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(266)

Mark to market gain (loss)

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(6,363)

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4,310

Foreign exchange gain (loss)

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(639)

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—

Other income (loss)

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741

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26

Net income (loss)

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(28,775)

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(10,898)

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

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Fair Value Hierarchy as of March 31, 2026

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Fair Value Hierarchy as of December 31, 2025

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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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83,395

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—

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—

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83,395

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2,938

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—

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—

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2,938

Marketable securities

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412

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—

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—

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412

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—

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—

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—

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—

Restricted cash equivalents

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12,790

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—

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—

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12,790

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11,472

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—

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—

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11,472

Capped call derivative

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—

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16,288

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—

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16,288

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—

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15,108

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—

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15,108

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96,597

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16,288

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—

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112,885

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14,410

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15,108

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—

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29,518

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Financial instrument liabilities

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Inventory derivative
obligation (net)

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—

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17,313

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—

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17,313

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—

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16,638

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—

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16,638

Warrant liability

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—

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—

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—

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—

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—

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1,541

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—

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1,541

Stock option liabilities

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—

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1,719

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—

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1,719

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—

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1,346

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—

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1,346

Conversion option derivative

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—

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—

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56,192

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56,192

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—

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—

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52,258

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52,258

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—

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19,032

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56,192

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75,224

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—

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19,525

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52,258

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71,783

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