v3.25.2

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 195	$ 81
Short-term investments	8,823	4,523
Investments in marketable equity securities, at fair value	401	1,322
Prepaid expenses and other	229	66
Total current assets	9,648	5,992
Mineral properties	16,701	16,701
Restricted cash - mineral property reclamation bonds	230	230
Other assets	84	117
Total assets	26,663	23,040
Current liabilities:
Accounts payable	461	258
Kinross call option liability	0	67
Operating lease liability	29	43
Total current liabilities	490	368
Long-term liabilities:
Asset retirement obligation and reclamation liabilities	145	145
Operating lease liability - long-term	0	7
Total long-term liabilities	145	152
Shareholders' equity:
Preferred stock, $0.01 par value, authorized 10,000,000 shares (none issued and outstanding at June 30, 2025 and December 31, 2024)	0	0
Common stock, $0.01 par value, authorized 200,000,000 shares (89,956,840 and 81,638,418 shares, respectively, issued and outstanding at June 30, 2025 and December 31, 2024)	900	816
Additional paid-in capital	89,592	84,714
Accumulated deficit	(64,464)	(63,010)
Total shareholders' equity	26,028	22,520
Total liabilities and shareholders' equity	$ 26,663	$ 23,040

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

SOLITARIO RESOURCES CORP. 10-Q