| 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 |
|
2026 |
|
2025 |
|
2026 |
|
2025 |
|
|
|
|
|
|
|
|
|
U3O8 sales |
|
12,340 |
|
6,323 |
|
30,617 |
|
16,751 |
Disposal fees |
|
93 |
|
— |
|
120 |
|
7 |
Sales |
|
12,433 |
|
6,323 |
|
30,737 |
|
16,758 |
|
|
|
|
|
|
|
|
|
U3O8 product costs |
|
13,308 |
|
7,063 |
|
28,321 |
|
15,460 |
Lower of cost or NRV adjustments |
|
471 |
|
— |
|
624 |
|
2,696 |
Cost of sales |
|
13,779 |
|
7,063 |
|
28,945 |
|
18,156 |
|
|
|
|
|
|
|
|
|
Gross profit (loss) |
|
(1,346) |
|
(740) |
|
1,792 |
|
(1,398) |
|
|
|
|
|
|
|
|
|
Exploration and evaluation |
|
1,153 |
|
1,477 |
|
4,623 |
|
3,682 |
Development |
|
21,569 |
|
14,379 |
|
52,455 |
|
38,184 |
General and administration |
|
2,435 |
|
2,871 |
|
9,070 |
|
7,243 |
Accretion of asset retirement obligations |
|
550 |
|
344 |
|
1,466 |
|
902 |
Operating costs |
|
25,707 |
|
19,071 |
|
67,614 |
|
50,011 |
|
|
|
|
|
|
|
|
|
Operating profit (loss) |
|
(27,053) |
|
(19,811) |
|
(65,822) |
|
(51,409) |
|
|
|
|
|
|
|
|
|
Interest income |
|
648 |
|
518 |
|
2,442 |
|
2,086 |
Interest expense |
|
(2,311) |
|
(364) |
|
(8,017) |
|
(920) |
Mark to market gain (loss) |
|
10,883 |
|
(7,854) |
|
9,317 |
|
(9,166) |
Foreign exchange gain (loss) |
|
56 |
|
5 |
|
(1,940) |
|
(19) |
Other income (loss) |
|
43 |
|
43 |
|
819 |
|
111 |
Net income (loss) |
|
(17,734) |
|
(27,463) |
|
(63,201) |
|
(59,317) |
|
| Schedule of financial assets and liabilities measured at fair value on recurring basis |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Hierarchy as of September 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 |
|
23,450 |
|
— |
|
— |
|
23,450 |
|
2,938 |
|
— |
|
— |
|
2,938 |
Marketable securities |
|
286 |
|
— |
|
— |
|
286 |
|
— |
|
— |
|
— |
|
— |
Restricted cash equivalents |
|
12,934 |
|
— |
|
— |
|
12,934 |
|
11,472 |
|
— |
|
— |
|
11,472 |
Capped call derivative |
|
— |
|
10,591 |
|
— |
|
10,591 |
|
— |
|
15,108 |
|
— |
|
15,108 |
|
|
36,670 |
|
10,591 |
|
— |
|
47,261 |
|
14,410 |
|
15,108 |
|
— |
|
29,518 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial instrument liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Inventory derivative
obligation (net) |
|
— |
|
17,408 |
|
— |
|
17,408 |
|
— |
|
16,638 |
|
— |
|
16,638 |
Warrant liability |
|
— |
|
— |
|
— |
|
— |
|
— |
|
1,541 |
|
— |
|
1,541 |
Stock option liabilities |
|
— |
|
859 |
|
— |
|
859 |
|
— |
|
1,346 |
|
— |
|
1,346 |
Conversion option derivative |
|
— |
|
— |
|
33,235 |
|
33,235 |
|
— |
|
— |
|
52,258 |
|
52,258 |
|
|
— |
|
18,267 |
|
33,235 |
|
51,502 |
|
— |
|
19,525 |
|
52,258 |
|
71,783 |
|