v3.26.1
Consolidated Statements of Changes in Equity - USD ($)
shares in Thousands, $ in Thousands
Total
Arena Minerals
Share Capital
Share Capital
Arena Minerals
Capital Reserve
Capital Reserve
Arena Minerals
Accumulated Other Comprehensive Income/ (Loss)
Deficit
Shareholders Equity
Shareholders Equity
Arena Minerals
Non Controlling Interest
Beginning balance at Dec. 31, 2022 $ 784,002   $ 1,350   $ 1,058,361   $ (3,487) $ (272,222) $ 784,002    
Beginning balance, Shares at Dec. 31, 2022     135,035                
Shares issued on conversion of RSUs, DSUs, PSUs, and exercise of stock options 172   $ 22   150       172    
Shares issued on conversion of RSUs, DSUs, PSUs, and exercise of stock options, shares     2,186                
Shares issued pursuant to the GM investment, Value 286,954   $ 150   286,804       286,954    
Shares issued pursuant to the GM investment, Shares     15,002                
Share issuance costs (15,217)       (15,217)       (15,217)    
Shares issued pursuant to the acquisition, Value   $ 163,203   $ 85   $ 163,118       $ 163,203  
Shares issued pursuant to the acquisition, Shares       8,456              
Share based compensation 14,254       14,254       14,254    
DSUs issued in lieu of directors' fees 628       628       628    
Distribution of assets upon separation (1,693,434)       (16,097)     (1,677,337) (1,693,434)    
Net income (loss) 1,288,369             1,288,369 1,288,369    
Ending balance at Dec. 31, 2023 828,931   $ 1,607   1,492,001   (3,487) (661,190) 828,931    
Ending balance, Shares at Dec. 31, 2023     160,679                
Shares issued on conversion of RSUs, DSUs, PSUs, and exercise of stock options (0)   $ 12   12       (0)    
Shares issued on conversion of RSUs, DSUs, PSUs, and exercise of stock options, shares     1,253                
Share based compensation 7,693       7,693       7,693    
Pastos Grandes Transaction (Note 10) 69,546             6,884 6,884   $ 62,662
Net income (loss) (15,240)             (15,234) (15,234)   (6)
Ending balance at Dec. 31, 2024 890,930   $ 1,619   1,499,682   (3,487) (669,540) 828,274   62,656
Ending balance, Shares at Dec. 31, 2024     161,932                
Shares issued on conversion of RSUs, DSUs, PSUs, and exercise of stock options 0   $ 5   (5)       0    
Shares issued on conversion of RSUs, DSUs, PSUs, and exercise of stock options, shares     475                
Share based compensation 15,055       15,055       15,055    
Pastos Grandes Share Premium Reduction Transaction (Note 10) (11,917)                   (11,917)
Pastos Grandes' loss on modification of loans advances to Exar (Note 10) (255)                   (255)
Net income (loss) (76,880)             (75,449) (75,449)   (1,431)
Ending balance at Dec. 31, 2025 $ 816,933   $ 1,624   $ 1,514,732   $ (3,487) $ (744,989) $ 767,880   $ 49,053
Ending balance, Shares at Dec. 31, 2025     162,407