Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Major components of tax expense (income) [abstract]

Income Tax Expense Recognized in Consolidated Statement of Comprehensive Loss

Income tax expense recognized in the consolidated statement of comprehensive loss is comprised of the following:


		Years ended December 31,
			2025				2024
		$				$
Current income tax expense			48				-
Deferred income tax expense/(recovery)			420				(10,659	)
Total income tax expense/(recovery)			468				(10,659	)

Summary of Reconciliation of Income Taxes at Switzerland Statutory Rates with Reported Taxes

A reconciliation of income taxes at Switzerland statutory rates with reported taxes is as follows:


		Years ended December 31,
			2025			2024			2023
		$			$			$

(Loss)/income from continuing operations before taxes			(76,412	)		(25,899	)		28,240
Income from discontinuing operations before taxes			-			-			1,270,788
Total (loss)/income before taxes			(76,412	)		(25,899	)		1,299,028

Statutory tax rate (Switzerland 2025; Canada prior years)			11.9	%		27.0	%		27.0	%

Expected income tax (recovery)/expense at statutory tax rate			(9,055	)		(6,993	)		350,737

Items not taxable for income tax purposes			3,688			(4,311	)		(348,159	)
Effect of lower tax rate in foreign jurisdiction			-			-			(162	)
Foreign exchange related to the weakening of the Argentine Pesos			-			-			5,670
Change in unrecognized deferred tax assets and other			5,835			645			2,573
Tax expense/(recovery)			468			(10,659	)		10,659

Summary of Significant Components of Company's Deferred Tax Assets and Liabilities

The significant components of the Company's deferred tax assets and liabilities are as follows:


		December 31, 2025				December 31, 2024
		$				$
Deferred tax assets:
Tax loss carryforwards			2,568				8,351
Loans to Exar Capital			-				217
Exploration and evaluation assets			-				21
Capital assets			-				5,234
Investment in Cauchari-Olaroz project			577				71
Other			839				-
Deferred tax assets			3,984				13,894

Deferred tax liabilities:
Exploration and evaluation assets			(816	)			-
Capital assets			(674	)			-
Financing costs			-				(2,295	)
Convertible debt			(2,914	)			(11,290	)
Other			-				(309	)
Deferred tax liabilities			(4,404	)			(13,894	)

Deferred Income Tax Liability			(420	)			-

Summary of Temporary Differences for Deferred Tax Assets Recognized

Deductible temporary differences for which no deferred tax assets are recognized as follows:


		December 31, 2025				December 31, 2024
		$				$
Deductible temporary differences			63,913				78,412