Annual report [Section 13 and 15(d), not S-K Item 405]

Summary of Significant Accounting Policies (Tables)

v3.25.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2024
Summary of Significant Accounting Policies  
Schedule of single segment's significant expenses in consistent with Company's consolidated statement of operations and comprehensive loss

Year Ended December 31, 

Single Operating Segment

2024

    

2023

U3O8 sales

33,146

17,328

Disposal fees

560

351

Sales

33,706

17,679

U3O8 Product Costs

36,674

8,676

Lower of cost, market or NRV adjustments

6,005

10,689

Cost of sales

42,679

19,365

Gross loss

(8,973)

(1,686)

Exploration and evaluation

3,803

2,109

Development

41,509

20,396

General and administration

8,044

6,154

Accretion

760

497

Operating costs

54,116

29,156

Operating loss

(63,089)

(30,842)

Net interest income (expense)

3,341

1,471

Mark to market gain (loss)

6,444

(1,586)

Foreign exchange gain

80

325

Other income (loss)

35

(24)

Net loss

(53,189)

(30,656)

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

Fair Value Hierarchy as of December 31, 2024

Fair Value Hierarchy as of December 31, 2023

Level 1

Level 2

Level 3

Total

Level 1

Level 2

Level 3

Total

Financial assets

Cash

10,959

-

-

10,959

11,515

-

-

11,515

Trade receivables

16,511

-

-

16,511

-

-

-

-

Leases receivable

1,481

-

-

1,481

285

-

-

285

Restricted cash

12

-

-

12

31

-

-

31

28,963

-

-

28,963

11,831

-

-

11,831

Financial liabilities

Accounts payable and accrued liabilities

4,474

-

-

4,474

2,366

-

-

2,366

Notes payable

-

-

-

-

5,694

-

-

5,694

Leases payable

1,240

-

-

1,240

849

-

-

849

5,714

-

-

5,714

8,909

-

-

8,909

Fair Value Hierarchy as of December 31, 2024

Fair Value Hierarchy as of December 31, 2023

Level 1

Level 2

Level 3

Total

Level 1

Level 2

Level 3

Total

Financial instrument assets

Cash equivalents

65,096

-

-

65,096

48,185

-

-

48,185

Restricted cash equivalents

11,011

-

-

11,011

8,518

-

-

8,518

76,107

-

-

76,107

56,703

-

-

56,703

Financial instrument liabilities

Inventory derivative obligation

-

14,408

-

14,408

-

-

-

-

Warrant liabilities

-

2,529

-

2,529

-

11,549

-

11,549

-

16,937

-

16,937

-

11,549

-

11,549