v3.24.3
Related Parties (Tables)
 9 Months Ended
Sep. 30, 2024
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table shows the outstanding balance of the Tronox Loans, which at September 30, 2024 and December 31, 2023, is recorded on the unaudited Condensed Consolidated Balance Sheet in "Prepaid and other assets" and "Other long-term assets," respectively:
September 30, 2024December 31, 2023
Principal balance4080
Accrued interest income balance812
Total outstanding balance4892
The following table shows the interest income earned on the Tronox Loans, which is recorded in "Interest income" on our unaudited Condensed Consolidated Statement of Operations:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Interest income— 124
The following table shows the amount of feedstock purchased from the Slagger, which is subsequently recorded in "Cost of goods sold" on our unaudited Condensed Consolidated Statement of Operations:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Settled as in-kind repayment of Tronox Loans10 27 40 27 
Settled in cash6 — 22 — 
Total chloride slag purchases16 27 62 27 
The following table shows the amounts due to AMIC at period-end regarding feedstock purchased from the Slagger, which are recorded in "Accrued liabilities" on our unaudited Condensed Consolidated Balance Sheet:
September 30, 2024December 31, 2023
Amount due to AMIC for slag purchases5 — 
In the unaudited Condensed Consolidated Statement of Operations and shown in the table below, the management fees per the Original Technical Services Agreement were recorded within "Other (expense) income, net" and other technical support fees, including fees per the Restated Technical Services Agreement, are recorded within "Selling, general and administrative expenses". From and after October 1, 2023, we no longer receive a management fee and the scope of services we provide is more limited, for which we receive cost reimbursement plus a nominal margin.
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Management fees—2 — 6 
Other technical support fees— — — 1 
Total fees received— 2 — 7 
Outstanding balances for these fees receivable are shown below, which are recorded within “Prepaid and other assets” on the unaudited Condensed Consolidated Balance Sheet:
September 30, 2024December 31, 2023
Management fees and other technical support fees—1
The note payable is recorded within "Long-term debt, net" and "Long-term debt due within one year" on the unaudited Condensed Consolidated Balance Sheet.
September 30, 2024December 31, 2023
Note payable, due within 1 year77
Note payable, due longer than 1 year from now1318
Total outstanding note payable2025
Amounts regarding loan repayments for the MGT loan, which are recorded on the unaudited Condensed Consolidated Statement of Operations within “Net sales,” are shown below:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Interest expense— — 1 1 
Loan Repayment via MGT delivered to ATTM2 2 55 
As a result of these transactions we have entered into related to the MGT assets, Tronox purchases chlorine gas from ATTM for use in the production of MGT and such transactions are reflected as follows:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Purchases of chlorine gas1143

These purchases are subsequently recorded within “Cost of goods sold” on the unaudited Condensed Consolidated Statement of Operations. Amounts due at period end, which are presented below, are recorded within “Accrued liabilities” on the unaudited Condensed Consolidated Balance Sheet.
September 30, 2024December 31, 2023
Amount due related to purchases of chlorine gas11

As Tronox delivers MGT product to ATTM, amounts are recorded within “Net sales” on the unaudited Condensed Consolidated Statement of Operations, as shown below:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
MGT sales made to ATTM as product is delivered12113834

Amounts related to MGT deliveries that are outstanding at period end are recorded in “Prepaid and other assets” on the unaudited Condensed Consolidated Balance Sheet, as shown below:
September 30, 2024December 31, 2023
Due from ATTM for MGT deliveries99