| Schedule of single segment's significant expenses in consistent with Company's consolidated statement of operations and comprehensive loss |
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Six Months Ended |
|
|
June 30, |
|
June 30, |
Single Reportable Segment |
|
2026 |
|
2025 |
|
2026 |
|
2025 |
|
|
|
|
|
|
|
|
|
U3O8 sales |
|
14,373 |
|
10,428 |
|
18,277 |
|
10,428 |
Disposal fees |
|
— |
|
7 |
|
27 |
|
7 |
Sales |
|
14,373 |
|
10,435 |
|
18,304 |
|
10,435 |
|
|
|
|
|
|
|
|
|
U3O8 product costs |
|
12,325 |
|
8,397 |
|
15,012 |
|
8,397 |
Lower of cost or NRV adjustments |
|
154 |
|
98 |
|
154 |
|
2,696 |
Cost of sales |
|
12,479 |
|
8,495 |
|
15,166 |
|
11,093 |
|
|
|
|
|
|
|
|
|
Gross profit (loss) |
|
1,894 |
|
1,940 |
|
3,138 |
|
(658) |
|
|
|
|
|
|
|
|
|
Exploration and evaluation |
|
1,191 |
|
1,161 |
|
3,470 |
|
2,205 |
Development |
|
15,940 |
|
14,062 |
|
30,886 |
|
23,805 |
General and administration |
|
2,711 |
|
2,199 |
|
6,634 |
|
4,372 |
Accretion of asset retirement obligations |
|
488 |
|
281 |
|
917 |
|
558 |
Operating costs |
|
20,330 |
|
17,703 |
|
41,907 |
|
30,940 |
|
|
|
|
|
|
|
|
|
Operating profit (loss) |
|
(18,436) |
|
(15,763) |
|
(38,769) |
|
(31,598) |
|
|
|
|
|
|
|
|
|
Interest income |
|
1,029 |
|
701 |
|
1,794 |
|
1,568 |
Interest expense |
|
(2,760) |
|
(290) |
|
(5,706) |
|
(556) |
Mark to market gain (loss) |
|
4,797 |
|
(5,622) |
|
(1,566) |
|
(1,312) |
Foreign exchange gain (loss) |
|
(1,357) |
|
(24) |
|
(1,996) |
|
(24) |
Other income (loss) |
|
35 |
|
42 |
|
776 |
|
68 |
Net income (loss) |
|
(16,692) |
|
(20,956) |
|
(45,467) |
|
(31,854) |
|
| Schedule of financial assets and liabilities measured at fair value on recurring basis |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Hierarchy as of June 30, 2026 |
|
Fair Value Hierarchy as of December 31, 2025 |
|
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial instrument assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents |
|
84,078 |
|
— |
|
— |
|
84,078 |
|
2,938 |
|
— |
|
— |
|
2,938 |
Marketable securities |
|
342 |
|
— |
|
— |
|
342 |
|
— |
|
— |
|
— |
|
— |
Restricted cash equivalents |
|
12,904 |
|
— |
|
— |
|
12,904 |
|
11,472 |
|
— |
|
— |
|
11,472 |
Capped call derivative |
|
— |
|
13,865 |
|
— |
|
13,865 |
|
— |
|
15,108 |
|
— |
|
15,108 |
|
|
97,324 |
|
13,865 |
|
— |
|
111,189 |
|
14,410 |
|
15,108 |
|
— |
|
29,518 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial instrument liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Inventory derivative
obligation (net) |
|
— |
|
17,500 |
|
— |
|
17,500 |
|
— |
|
16,638 |
|
— |
|
16,638 |
Warrant liability |
|
— |
|
— |
|
— |
|
— |
|
— |
|
1,541 |
|
— |
|
1,541 |
Stock option liabilities |
|
— |
|
1,447 |
|
— |
|
1,447 |
|
— |
|
1,346 |
|
— |
|
1,346 |
Conversion option derivative |
|
— |
|
— |
|
48,618 |
|
48,618 |
|
— |
|
— |
|
52,258 |
|
52,258 |
|
|
— |
|
18,947 |
|
48,618 |
|
67,565 |
|
— |
|
19,525 |
|
52,258 |
|
71,783 |
|