|
FY2025
12 months to Dec 31, 2025
|
FY2024
12 months to Dec 31, 2024
|
FY2023
12 months to Dec 31, 2023
|
|
|---|---|---|---|
| Loss from continuing operations | |||
| Income from discontinued operation | |||
| NET LOSS | |||
| Equity compensation | |||
| Depreciation | |||
| (Gain)/loss on financial instruments measured at fair value | |||
| Other items | |||
| Increase in receivables, prepaids and deposits | |||
| Increase/(decrease) in accounts payable, accrued liabilities and other liabilities | |||
| Cash used by discontinued operations | |||
| Net cash used in operating activities | |||
| Release on restricted cash | |||
| Additions to property, plant and equipment | |||
| Additions to exploration and evaluation assets | |||
| Restricted cash invested in GIC | |||
| Investment in Green Technology Metals | |||
| Investment in Ascend Elements | |||
| Proceeds from sale of assets held for sale (discontinued operations) | |||
| Net cash (used)/provided in investing activities | |||
| Net former parent investment - capital contributions | |||
| Gross proceeds from GM transaction | |||
| Cash received pursuant to the Arrangement | |||
| Payment of expenses related to the GM transaction | |||
| Loan from former parent | |||
| Payment of interest on loan from former parent | |||
| Lease payments | |||
| Other | |||
| Net cash provided by financing activities | |||
| CHANGE IN CASH AND CASH EQUIVALENTS | |||
| CASH AND CASH EQUIVALENTS - BEGINNING OF THE YEAR | |||
| Cash and cash equivalents as presented in the Statements of Cash Flows | |||
| Operating activities | |||
| Net loss | |||
| Adjustments for: | |||
| Depreciation | |||
| Stock-based compensation (Note 12) | |||
| Amortization of right-of-use asset | |||
| Gain on LAC and JV warrant obligations (Note 3) | |||
| Loss on convertible debt and conversion feature (Note 11) | |||
| (Gain)/loss on investments measured at fair value (Note 6) | |||
| Other items | |||
| (Increase)/decrease in receivables | |||
| Decrease in prepaids and deposits | |||
| Increase/(decrease) in accounts payable | |||
| Increase/(decrease) in accrued liabilities | |||
| Operating lease payments, net of non-cash interest accrual | |||
| Net cash used in operating activities | |||
| Investing activities | |||
| Additions to mineral properties, plant and equipment | |||
| Net cash used in investing activities | |||
| Financing activities | |||
| Contributions from former parent | |||
| Gross proceeds from GM transaction (Note 4) | |||
| Payment of costs related to the GM transaction (Note 4) | |||
| Cash received pursuant to the Arrangement | |||
| Proceeds from convertible debt and production payment arrangements, net of issuance and transaction costs (Note 11) | |||
| Proceeds from issuance of non-controlling interest (Note 4) | |||
| Proceeds from public offering, net of issuance costs | |||
| Proceeds from public offerings, net of issuance costs (Note 12) | |||
| Proceeds from DOE Loan (Note 3) | |||
| Deferred financing costs | |||
| Principal payments on finance lease obligations | |||
| Net cash provided by financing activities | |||
| Net increase in cash and restricted cash | |||
| Cash and restricted cash, beginning of year | |||
| Cash and restricted cash, end of year |
Loading...
